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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. 

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.

Overview of TradingView

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.

Key Characteristics of Tradestation and TradingView

FeatureTradestationTradingView
Platform TypeBrokerage PlatformCharting Software
Tradeable AssetsStocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, ForexNot a broker, but you can chart stocks, ETFs, futures, crypto, and forex
Charting FeaturesDownloadable and web trading platformsAdvanced web-based charting platform, downloadable desktop app, and mobile app
DataReal-time data with funded accountProvides real-time data for free when possible, and you can purchase real-time data subscriptions from exchanges
Premium PricingNo premium features$12-$60 per month

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.

Who is TradingView 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.

Trading Features and Tools

FeatureTradestationTradingView
DRIPNoNot a broker
Margin TradingYesNot a broker
InsuranceSIPC InsuredNot a broker
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeTradestationTradingView
Equity CommissionFreeNot a broker
Option Commission$0.60 per contractNot a broker
Futures Commission$1.50 per contract, $0.50 microNot a broker
Futures Options Commission$1.50 per contractNot a broker
Option Exercise Fee$14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimumNot 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

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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