Robinhood vs TradeStation compared

Online brokers compared for fees, trading platforms, safety and more. See how Robinhood stacks up against TradeStation!

Robinhood
TradeStation

Last update of dataDec 2022

Robinhood

Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.

Recommended for beginners and buy-and-hold investors focusing on the US stock market.

TradeStation

TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.

Recommended for traders focusing on US markets and buy-and-hold investing.

Robinhood's service is on par with TradeStation's and a comparison of their fees shows that Robinhood's fees are similar to TradeStation's.

Account opening takes about the same effort at Robinhood compared to TradeStation, deposit and withdrawal processes are somewhat more complicated at Robinhood, while customer service quality is lower than TradeStation's.

Our experts rated the trading platform of Robinhood as somewhat better than the platform of TradeStation, found that clients have access to about the same number of markets and products with Robinhood, while TradeStation provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Beginners and buy-and-hold investors focusing on the US stock market

Overall Score
4.7

Recommended for Traders focusing on US markets and buy-and-hold investing

Best crypto broker

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.6
Fees score
4.2
Fees summary

Low trading and non-trading fees, free US stock and ETF trading

Fees summary

Low trading fees, average non-trading fees, free stock and ETF trading for US customers

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
1.8
Deposit and withdrawal score
2.2
Number of base currencies

1

Number of base currencies

9

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: SSN and ID / passport / driver's license

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
4.5
Web platform score
3.8
Mobile platform score
5.0
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
2.3

Markets and products

Markets and products score
2.9
Markets and products score
3.2
Stocks
*
*
Stocks
*
*
Fractional shares
*
*
Fractional shares
ETFs
*
*
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
*
*
Options
*
*
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs

Research, education

Research score
3.3
Research score
4.3
Charting quality

Poor

Charting quality

Great

Education score
0.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
2.3
Customer service score
4.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2013

Foundation date

1982

Country of regulation

USA

Country of regulation

USA

Robinhood

For detailed information and hands-on experience, read our review of this broker.

TradeStation

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Brokers displayed might not be available in United States.

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