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Morningstar vs TradeStation

Morningstar is an advanced investment tools for more serious investors with larger portfolios. How does it compare to TradeStation? Read our comparison chart below.

Morningstar provides independent investment insights, offers in-depth reports on mutual funds and stocks, and has portfolio x-ray tool which shows portfolio strengths and weaknesses. It offers monthly and annual paid subscription plans with 7-day free trial.

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 Morningstar with TradeStation, side-by-side.

 MorningstarTradeStation
 Visit SiteVisit Site
 

Morningstar

TradeStation

SPECIAL OFFER
Start 7-Day Free Trial of Morningstar Investor - Learn More

Read Morningstar Review

SPECIAL OFFER
Trade Futures in IRA for $0.65 - Learn More

 

Benefits and Features

Stock Trading 
$0 commission
Options Trading $0 Commission + $0.60 per contract
Annual FeeMorningstar Investor costs $249/year (monthly plan costs $34.95/month)
None
Minimum Deposit 
$0
Mutual Fund Trading 
$14.95 per transaction
Commission Free ETFs 
more than 2,000 ETFs
Phone Support 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Live Chat Support Yes (Monday - Friday, 8AM - 5PM ET)
Email Support 
Yes (Sales@TradeStation.com)
Human Advisors 
Yes
Robo Advisor 
No
Penny Stocks 
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
No
Broker Assisted Trades 
$25
Good For 
Day Traders
Inactivity Fee 
$10/month
Maintenance Fee 
$0
Online Platform 
Yes
iPhone App 
Yes (4.5 stars, 17.3K ratings)
Android App 
Yes (4.4 stars, 5.98K ratings)
Banking 
No
Mobile App
iOS & Android
Yes
Desktop App 
Yes
Two-Factor Authentication Auth0 Guardian app, SMS, or Google Authenticator app
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
Bond Trading 
Yes
CFD Trading Yes (CFD trading is not permitted in the US.)
Charting Tools
 
Currency Trading Yes (not available in TradeStation US)
Customer ServicePhone: 866-229-9449
Monday - Friday: 8AM - 5PM CST
Email: joe@morningstar.com
Phone: 800-822-0512 | 954-652-7900
Monday - Friday: 8AM - 5PM ET
Live Chat
Email: Sales@TradeStation.com
Locations 
Online only
Online Community 
Yes
Seminars 
Yes
Stock Ratings
 
Stock Recommendations
 
Stock Screener
 
Trading Platform Desktop, Web Trading, Mobile Apps, FuturesPlus
Virtual Trading 
Yes
Investment Tracking
Check
 
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 MorningstarTradeStation
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
Pros & ConsPros:
  • Access to leading reports and tools
  • Extensive mutual funds research
  • Free trial
Cons:
  • Expensive for smaller investors
  • Limited mobile app features
Bottom LineAdvanced investment tools for more serious investors with larger portfolios... 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.

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

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Morningstar or Seeking Alpha.


Articles on Morningstar

Morningstar Investor Review

Morningstar Investor offers in-depth investment research and portfolio management tools. Is it worth the yearly fee? Discover the pros, cons, and features.

Is Morningstar Investor Worth It

Morningstar Investor helps you find the next best investment. But is it worth the subscription fee? Read on to find out.

Morningstar Costs

Morningstar Investor is a useful stock and fund research platform. Is it worth the cost? Read on to find out.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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