Compare TD Ameritrade vs Tradestation


Online brokers compared for fees, trading platforms, safety and more. See how TD Ameritrade stacks up against Tradestation!

TD Ameritrade vs Tradestation
overall rating
4.8
4.7
overall pros
  • Low trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Great customer support
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • You can trade only in the US markets
  • Slow and not fully digital account opening
  • No credit/debit cards and electronic wallets for money transfer
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Poor customer service
fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
  • High fund fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
account opening
2.9
  • No minimum deposit
  • Many account types
  • Not fully digital
5.0
  • Fast
  • Fully digital
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee for wire transfers
1.8
  • No deposit fee
  • Several account base currencies
  • Quick deposit and withdrawal - within 3 days
  • Credit/Debit card not available
  • High withdrawal fee
web trading platform
3.8
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.4
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
4.8
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
2.5
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
5.0
  • Phone support
  • Live chat
  • Fast response time
2.3
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform Traders focusing on US markets and buy-and-hold investing
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