Tradestation vs interactive brokers free#

* The broker puts a floor on these rates at 0.75 percent. How do Interactive Brokers and TradeStation compare on their rates for margin loans? Interactive Brokers Loan amountДЎ.59 percent (Benchmark rate + 1.5 percent)ДЎ.09 percent (Benchmark rate + 1 percent)Д .75 percent (Benchmark rate + 0.5 percent*)Д .75 percent (Benchmark rate + 0.3 percent*) But truly active traders will likely prefer Interactive's substantially reduced commissions at higher volumes. For options, TradeStation looks like the better pick given its lower standard pricing if you're trading dozens or even hundreds of contracts per month. You can pick a no-commission plan with either broker and get going - and that probably suffices for most investors. The $0.50 baseline is the lowest non-discounted price in the industry, excluding no-cost brokers such as Webull and Robinhood.Д®dge: For stock and ETF commissions, these brokers are neck and neck. TradeStation charges either $0.50 or $0.60 per contract depending on which plan you're using. Trade more than 10,000 contracts a month? You'll enjoy standard pricing at $0.50 per contract, and pricing dips as low as $0.15 a contract for trading more than 100,000 contracts. This plan has no minimum deposit.ДЄs for options trades, Interactive Brokers offers standard pricing at $0.65 per contract, with a $1 minimum.

Tradestation vs interactive brokers free#

However, you'll pay a substantial surcharge for each trade with TradeStation Desktop, though you still have access to free trading platforms. TS GO: This plan lets you trade stocks and ETFs for no commission and options for $0.50 per contract.This plan requires a $2,000 minimum deposit. You'll also get free access to TradeStation Desktop. TS SELECT: This plan lets you trade stocks and ETFs for no commission and options for $0.60 per contract.TradeStation's two major plans are set up as follows: However, you won't enjoy the broker's lowest margin rates in this plan (more below). Lite: This low-cost plan allows you to make unlimited stock and ETF trades at no cost.For example, a trade of 1,000 shares could cost $5. The broker charges a half-penny per share, so once your trade surpasses 200 shares, you'll go over that minimum. Pro: The broker's original plan offers stock and ETF trades at a $1 minimum, but that's a minimum.Interactive Brokers offers two major plans: Interactive Brokers and TradeStation both have two main pricing tiers, each of which may appeal to a different group of customers, too.

So Interactive Brokers and TradeStation provide many attractive features - let's break it down by comparing them across five major factors that matter to investors. But each also offers a number of features that could appeal to newer or intermediate investors, including low pricing, a wide range of tradable securities and high-powered trading platforms. Interactive Brokers and TradeStation are two of the most popular online brokerages, and they both target active, higher-volume traders more than most traditional online players do. В© Compassionate Eye Foundation/John Wildgoose/Getty ImagesДЄ man at an office desk considers something