Tradestation IRA vs Vanguard 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.

Vanguard: best if you want

Vanguard’s platform is built on trading low-cost mutual funds, index funds, and ETFs. As an investor, you’ll get access to Vanguard’s research, easy-to-read fund performance analyses, and helpful retirement planning tools. These perks, as well as Vanguard’s low-cost philosophy, make them a good choice for buy-and-hold investors planning for long-term goals like retirement. Vanguard’s low fees and earnest investment philosophy continue to attract new customers, the company’s assets under management (AUM) recently hit $6.2 trillion.

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.

Vanguard: other features

Vanguard offers a wide selection of investment account types, including standard brokerage accounts and goal-oriented investments like education savings plans. If you’re saving for several different goals in addition to retirement, Vanguard’s platform will allow you to manage it all from one online dashboard.

Vanguard offers customers the ability to work directly with a financial advisor, though you’ll need at least $50,000 to invest. Until then, you can take advantage of their free research and planning tools to help you invest wisely.

Conclusion

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.

If you’re a buy-and-hold investor looking for low fees, Vanguard may be the place for you. However, if you’re looking for access to a wide variety of investment choices and a high-tech platform, you’ll likely get frustrated by Vanguard’s narrow investment selection and simplistic trading platform.