TradeStation vs Robinhood

TradeStation vs Robinhood Comparison Table 2024
TradeStation Robinhood
3.5

TradeStation is #13 in our CFD broker rankings.

0.9

Robinhood is #35 in our broker rankings.

We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
United States Flag Traders from US accepted
United States Flag Traders from US accepted

TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders.

Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.

Customer Reviews
1
Comment by Reviewer
"TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders." "Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."
Pros
  • Reputable brand with oversight from top US regulators
  • Powerful trading platform with desktop, webtrader and mobile app
  • Support for third-party platform add-ons
  • Fast and responsive customer service
  • Quick, straightforward account setup
  • Competitive commissions on US stocks
  • Crypto trading available for US clients, with no commission fees and a low minimum deposit of $1
  • Intuitive mobile trading app with 24/7 live support and in-app stock market news
  • Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners
  • Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment
  • Robinhood Cash Card offers weekly bonuses invested into stocks, as well as cashback on popular brands
  • Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet
Cons
  • Limited ETF options with no commission-free ETFs
  • Expensive subscription fees for many add-ons
  • Pricing disadvantages less active traders
  • Limited free data and in-depth research
  • Limited research and education tools compared to top-rated brokers like IG
  • Previous lawsuits and negative press surrounding the firm's controversial business practices
  • Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes
  • Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5%
  • Concerning history of security breaches
Instruments
CFDs, Forex, Stocks, Futures, Commodities Stocks, ETFs, ADRs, Options, Crypto
Demo Account
Yes No
Minimum Deposit
$500 $0
Trading Platforms
  • MT4
  • Robinhood Platform
Payment Methods
Minimum Trade
Min lot size will vary $1
Regulator
SEC SEC, FCA
Margin Trading
No No
Margin Rate
2.5%
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
No
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
Commodities
CFD Trading
Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order. CFD trading not offered
Leverage
1:20
FTSE Spread
N/A N/A
GBPUSD Spread
N/A N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Forex Trading
Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions. Forex trading not offered
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
26
Cryptocurrency
Crypto trading not offered Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak.
Spread
0%
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • SOL
  • DOGE
  • BTG
  • OMG
  • XMR
  • QTUM
  • DASH
  • XRP
  • XLM
  • ZEC
  • NEO
  • LSK
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
More Comparisons
TradeStation
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Robinhood
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