Schwab IRA vs Tradestation IRA

TradeStation: best if you want

TradeStation offers a professional-level trading platform with an individual retirement account (IRA) option for the advanced investor. From stocks, ETFs, mutual funds, options trading, futures, cryptocurrency, and bonds, TradeStation offers investment options that will appeal to a wide variety of investors, especially those who prioritize diversification. TradeStation’s platform includes access to heavy-duty tools, including data feeds, charts, and more.

Charles Schwab: other features

Because it’s one of the biggest names in the business, Schwab investors can benefit from tech giant’s host of other features, including checking and savings accounts, insurance products, trust and estate services, and even Charles Schwab credit cards. Though you may pay an annual fee of up to $695, you can get a host of travel benefits, including no foreign transaction fee. Schwab also has a credit card with no annual fee.

TradeStation: other features

TradeStation offers a few heavy-duty trading platforms that stand out amongst IRA providers, including a desktop, web trading, mobile app, and futures trading platform. The platforms connect directly to stock, options, and futures market centers to deliver a high degree and speed of execution. Additionally, TradeStation’s tools source from a massive database and offer options to customize your experience.

Conclusion

For those interested in getting their investment journey started without playing a single transaction fee or being beholden to a minimum deposit, Charles Schwab stands out among trading platforms. Although many brokerages offer free ETFs, not every trading platform can boast accounts with no fees or account minimums, along with $0 commission fees and no-fee mutual funds.

TradeStation is a serious platform with a strong history for the advanced investor. If you’re looking for access to a robust set of data feeds and tools, along with perks like no account minimums or annual management fees, TradeStation may be a great provider for your new IRA.

If you’re looking to fund your new TradeStation IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) rollover in just a few minutes.