Tradestation vs Robinhood Comparison: Fees, Features, and More (2026)
Tradestation and Robinhood 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 2026.
| Feature | Tradestation | Robinhood |
|---|---|---|
| Website | https://www.tradestation.com/ | https://robinhood.com/ |
| Broker Type | Discount | Online discount brokerage (mobile app, web, Legend) |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0 commissions (SEC/FINRA sell fees may apply) |
| Fractional Shares? | No | Yes ($1 min; most NMS stocks/ETFs) |
| Percent Allocations? | No | No |
| Crypto Trading? | Yes | Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) |
| Crypto Fees | Tiered maker/taker pricing based on account balance | MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees |
| Options Trading? | Yes | Yes |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) |
| Receives payment for order flow (PFOF)? | Yes | Yes (receives PFOF/rebates from market makers for equities, options, and crypto) |
| Interface: Web trading? | Yes | Yes (web including Legend browser platform; iOS/Android mobile apps) |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | No; Robinhood Legend is a free browser-based (web) platform, not downloadable. |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. |
| Mutual Funds: Offered? | Yes | No |
| Total Mutual Funds | Over 2,000 | 0 |
| NTF Mutual Funds | Not publicly stated | 0 |
| Non-NTF Fund Fee | $14.95 | N/A |
| Early Redemption Fee? | Varies by fund | N/A |
| Redemption Hold (Days) | Fund-specific | N/A |
| Early Redemption Fee | Fund-specific | N/A |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes (Traditional and Roth; no SEP) |
| HSAs Offered? | No | No |
| Money Market Sweep? | No | Yes |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | Yes (Robinhood Strategies hybrid managed portfolios) |
| Robo-Advisor Service | None | Robinhood Strategies |
| Robo-Advisor Fees | Not applicable | 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. |
| Basics: Headquarters | Plantation, FL | Menlo Park, CA |
| Year Founded | 1982 | 2013 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | Robinhood Securities, LLC |
| Local Branches? | No; corporate offices only | No |
| New Account Minimum | $0 |
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