Broker fills: E*Trade vs TradeStation slippage notes
I run the same signals through two accounts; one at E*Trade, one at TradeStation; partly to compare execution. Sharing rough notes after a couple hundred trades on each.
TradeStation: tighter fills on the leveraged ETFs, slightly faster confirmations through the API, and better partial-fill handling. E*Trade: perfectly fine for our timeframe, occasionally a hair more slippage on volatile opens, but the retirement account tooling is excellent.
Bottom line: at daily-bar frequency the difference is small enough that I'd pick based on account features and support, not slippage. Curious if others see the same.
Replies(2)
Matches my experience. TradeStation edges it on pure execution but it's marginal at our frequency. Pick the broker whose Roth tooling you'll actually enjoy using.
Schwab has been solid for me on the retirement side too. Slippage never been a factor at this timeframe.
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