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Greenlight vs TradeStation

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to TradeStation? Read our comparison chart below.

Greenlight is a comprehensive banking app for kids of all ages. It includes a debit card, savings with APY, allowance for chores, financial literacy games, and even investing for kids. Plans range from $5.99 - $14.98 per month for up to 5 kids.

While TradeStation enables you to backtest, simulate, and automate strategies within its platform. It offers a wide range of investment options, $0 commission pricing for stocks, options, and futures, free trading simulator, and has no minimum funding requirements.

Compare Greenlight with TradeStation, side-by-side.

 GreenlightTradeStation
 Visit SiteVisit Site
 

Greenlight

TradeStation

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

SPECIAL OFFER
Invest and Earn Up to $3,500 - Learn More

 

Benefits and Features

Savings2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family 
Stock Trading 
$0 commission
Options Trading $0 Commission + $0.60 per contract
Annual Fee
  • Greenlight Core: $5.99 per month
  • Greenlight Max: $9.98 per month
  • Greenlight Infinity: $14.98 per month
None
Minimum Deposit
$1
$0
CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases 
Mutual Fund Trading 
$14.95 per transaction
Kids Debit Card
Check
 
Banking 
No
Mobile App
iOS & Android
Yes
Forex Trading Yes (not available in TradeStation US)
Futures Trading $1.50 per Standard contract per side and $0.50 per Micro contract per side
 

CreditDonkey® Reviews

 GreenlightTradeStation
SavingsStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty Star
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarEmpty StarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
Pros & ConsPros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • Can't deposit physical cash
  • Difficult to close account
Bottom LineSolid financial literacy app and debit card for kids... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Greenlight

All Ages - Banking and Invest in One App

  • Flexible controls, spending notifications, in-app chore list
  • Age: No minimum age
  • Fees: Starts at $5.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.
Greenlight Debit Card for Kids

Greenlight Debit Card for Kids

  • Debit cards for up to 5 kids per family
  • No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
  • Earn cashback and up to 5% savings rewards
  • Customize chores and allowance
  • Set spending limits and block unsafe merchants
  • Starts from $5.99/mo
TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

TradeStation

Trade Options for $0.25 Per Options Contract

Active options traders can enjoy limited-time pricing of just $0.25 per options contract on new accounts when you sign up by December 31, 2024. Additional terms apply, and pricing is subject to change. Options trading is not suitable for all investors.

Expires 12/31/2024

Articles on Greenlight

Greenlight

Looking to teach your kids or tweens how banks and debit cards really work? Greenlight may be for you. Learn the pros, cons, fees, and more in this review.

Greenlight Alternatives

Check out the top alternatives to Greenlight Debit Card for Kids to help you save money and enjoy similar features as Greenlight.

How to Delete Your Greenlight Account

Don't want a Greenlight account anymore? Here's how to delete your Greenlight account and get your money back.

How to Transfer Money from Greenlight Card

Want to transfer money from your Greenlight card? Find out how to withdraw your funds and send them back to your bank, step by step.

How to Add Money to Greenlight Card

There are lots of ways to fund your Greenlight account. Find out how to add, transfer, and gift money to your child.

How Much Does Greenlight Cost

Is a Greenlight debit card for kids worth the cost? Learn more about Greenlight's plans, fees, and common complaints.

Is Greenlight Safe

Greenlight offers a financial app and debit card with no hidden fees. But is it safe for kids? Learn more about Greenlight's security features below.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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