Tradestation vs. TradingView – A Detailed Comparison
Discover our detailed comparison of Tradestation and TradingView 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 Tradestation and TradingView across the internet and compiled it all in this article.
- Pricing: Free-$60/month
- Integrates with various brokers
- Best free charting software
Overview of Tradestation
Tradestation
- ✓ Backtesting tools
- ✓ Integrate with TradingView
- ✓ Best for active traders
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.
Tradestation is 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.
Overview of TradingView
TradingView
- ✓ Pricing: Free-$60/month
- ✓ Integrates with various brokers
- ✓ Best free charting software
TradingView is an advanced charting and social platform for traders. You can build custom indicators, backtest strategies, and utilize community scripts with its proprietary Pine Script coding language. TradingView is my top pick as the best overall charting platform, based on my experience of using nearly every trading and charting software available.
TradingView is Best For
TradingView is best for traders and investors who want access to premium charting and community-made scripts. It provides everything you need to make informed trading decisions including screeners, heatmaps, economic calendars, plus you can integrate various brokers to trade directly from the charts.
Key Characteristics of Tradestation and TradingView
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Tradestation Learn More | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Forex | Downloadable and web trading platforms | Real-time data with funded account | No premium features |
| TradingView Get a Free Trial | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Advanced web-based charting platform, downloadable desktop app, and mobile app | Provides real-time data for free when possible, and you can purchase real-time data subscriptions from exchanges | $12-$60 per month |
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Tradestation Learn More | No | Yes | SIPC Insured | Yes |
| TradingView Get a Free Trial | Not a broker | Not a broker | Not a broker | Yes |
Trading Costs and Commissions Compared
| Fee Type | Tradestation Learn More | TradingView Get a Free Trial |
|---|---|---|
| Equity Commission | Free | Not a broker |
| Option Commission | $0.60 per contract | Not a broker |
| Futures Commission | $1.50 per contract, $0.50 micro | Not a broker |
| Futures Options Commission | $1.50 per contract | Not a broker |
| Option Exercise Fee | $14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimum | Not a broker |
Tradestation vs TradingView – Bottom Line
Choosing between Tradestation and TradingView 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
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- Advanced Charts
- Real-Time Data
- Track all Markets
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