If you are wondering if Tradestation is better than Robinhood, the answer is not always straightforward. Below we compare TradeStation vs. Robinhood, based on a variety of factors.
Tradestation | Robinhood | |
---|---|---|
Information | Tradestation is a stable and reliable trading platform with great charting, order entry, and automation. | Robinhood have pioneered mobile trading in the US. They attempt to provide the cheapest share trading among all online trading platforms. |
Good For: | Active, Technical Traders | Individual Taxable Accounts, Margin Trading |
Founded: | 1982 | April 18, 2013 |
Headquarter: | Plantation, Florida, United States | Menlo Park, California, United States |
Broker Type: | Market Maker, DMA | Broker-Dealer |
U.S. Clients Allowed: | Yes | Yes |
Available Outside U.S. | Yes | No |
Demo Account: | Yes | Yes |
Minimum Deposit: | Any | $100 |
Deposit Methods: | Bank Transfer | Bank Transfer (checking account) |
Regulation: | FINRA, SEC | FINRA |
Stocks: | Yes | Yes (U.S. Exchange-Listed Stocks) |
Forex: | No | No |
Commodities: | No | No |
Cryptocurrencies: | Yes (BTC, ETH, BCH, LTC, USDC) | Litecoin, Dogecoin, Bitcoin SV, Bitcoin Cash, Bitcoin, Ethereum, Ethereum Classic |
ADR: | No | Yes (for over 650 Globally-Listed Companies) |
Options: | Yes | Yes (for U.S. Exchange-Listed Stocks and ETFs) |
Mutual Funds: | Yes | No |
ETFs: | Yes | U.S. Exchange-Listed Stocks |
Binary Options: | No | No |
Mobile Trading: | Yes (iOS,Android) | Yes (iOS,Android) |
Proprietary Platform: | Yes | Yes |
Desktop Platform: | Yes | No |
cTrader: | No | No |
DupliTrade: | No | No |
MetaTrader 4: | No | No |
MetaTrader 5: | No | No |
Copy Trading: | No | No |
Trading Signals: | No | No |
Maximum Leverage: | Margin Trading | Margin % |
Islamic Account: | No | Yes |
Support Hours: | Monday - Friday, 8:00am - 5:00pm | 24/7 |
Phone Support: | Yes | No |
Live Chat: | Yes | Social Media |
Email Support: | Yes | Yes |
Conclusion
Both brokers offer investors stocks, options, ETFs, and cryptocurrencies. The main difference between TradeStation and RobinHood is that TradeStation doesn't offer fractional shares, while Robinhood does.