Robinhood vs Tradestation Comparison: Fees, Features, and More (2025)

Robinhood and Tradestation are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: Robinhood vs Tradestation (2025)
Feature Robinhood Tradestation
Website https://robinhood.com/ https://www.tradestation.com/
Broker Type Mobile-Only Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? Yes No
Percent Allocations? No No
Crypto Trading? Yes Yes
Crypto Fees approx. 1% 0.25%
Options Trading? Yes Yes
Options Fee No fee 60 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? No Yes; TradeStation
API Trading? No Yes; TradeStation WebAPI
Mutual Funds: Offered? No Yes
Total Mutual Funds None Over 2,000
NTF Mutual Funds None Around 2,000
Non-NTF Fund Fee not applicable $14.95
Early Redemption Fee? not applicable Yes
Redemption Hold (Days) not applicable 60 days
Early Redemption Fee not applicable $50
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? Yes, Robinhood Gold Yes
CDs Offered? Yes Yes
Robo-Advisor: Offered No No
Robo-Advisor Service none none
Robo-Advisor Fes not applicable not applicable
Basics: Headquarters Menlo Park, CA Plantation, FL
Year Founded 2013 1982
Clearing Firm Robinhood Securities, LLC Pershing LLC
Local Branches? No No
New Account Minimum $0 $0

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