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StockCharts vs. Tradestation – A Detailed Comparison

Discover our detailed comparison of StockCharts and Tradestation to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for StockCharts and Tradestation across the internet and compiled it all in this article. 

Overview of StockCharts

StockCharts is a stock charting platform that is great for technical analysis since it allows you to use various indicators. However, the platform looks a bit dated, especially compared to platforms like TradingView and TrendSpider. It is also lacking in some fundamental data features, and does not provide free intra-day charting like TradingView.

Overview of Tradestation

TradeStation is a brokerage firm that caters to active traders and very serious investors who demand a comprehensive platform with advanced trading features and analytical tools. While TradeStation is a solid brokerage, options traders must be aware of the abnormally high exercise fees.

Key Characteristics of StockCharts and Tradestation

FeatureStockChartsTradestation
Platform TypeCharting SoftwareBrokerage Platform
Tradeable AssetsNot a broker, but you can chart stocks & ETFsStocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Forex
Charting FeaturesWeb-based charting platform with access to several chart types and indicatorsDownloadable and web trading platforms
DataDaily, weekly, and monthly time frames are free, but you must purchase the ability to use intra-day dataReal-time data with funded account
Premium Pricing$19-$50 per monthNo premium features

Who is StockCharts Best For?

StockCharts is best for swing traders who want a free charting platform for daily time frames and longer. You can access intra-day with a paid subscription, but there are many platforms that offer more features like TradingView and Finviz.

Who is Tradestation Best For?

TradeStation is best suited for traders who need a sophisticated trading environment. Its platform might be overwhelming for beginners but is highly appreciated by experienced traders for its depth, flexibility, and range of professional-grade tools.

Trading Features and Tools

FeatureStockChartsTradestation
DRIPNot a brokerNo
Margin TradingNot a brokerYes
InsuranceNot a brokerSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeStockChartsTradestation
Equity CommissionNot a brokerFree
Option CommissionNot a broker$0.60 per contract
Futures CommissionNot a broker$1.50 per contract, $0.50 micro
Futures Options CommissionNot a broker$1.50 per contract
Option Exercise FeeNot a broker$14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimum

StockCharts vs Tradestation – Bottom Line

Choosing between StockCharts and Tradestation depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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