This comparison overview aids individuals that struggle to pick in between IC Markets and TradeStation to locate the best online broker for their trading and financial investment requirements. It analyzes the main features of both brokers side-by-side to aid individuals compare their service and make an informed choice.
To help individuals select the right broker in between IC Markets and TradeStation to locate the best-suited system, below is a list of broker’s pros and cons, complied with by a contrast of their major trading attributes, consisting of trading systems & devices, charges, mobile trading, down payment & withdrawal, assets, law, and client assistance.
IC Markets vs. TradeStation: Summary
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Tradestation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs.
Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).
Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO). Minimum deposit is $2000 and there are no monthly charges.
TradeStation’s customer support is available by phone, email and live chat in English and Arabic.
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Pros
- Low minimum deposit ($0)
- 0% commission stock and ETF fees
- Extensive charting tools and features
- Fast and reliable order execution
- Trading automatisation capabilities
- Vast stock scanning tools
Cons
- Research and education section could be better
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Key features
- $0 commission/stock trades(up to 15,000 shares)
- Vast market coverage(5,000 international stocks and ETFs)
- Fast and reliable order execution
- Great Fundamental Research and Analysis Tools
- Extensive Charting Tools and Features
- Access To Back-Testing and Automated Trading
IC Markets vs. TradeStation Comparison
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IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TradeStation
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 1:4 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | No | $35 |
| Deposit Fee | No | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | $3.5 per lot | 0 |
| Cost Per Month | 0 | $4 |
| Forex (EUR/USD) | 1.2 pips | 0.6 pips |
| Stocks & ETF | 0 | $0.007 per share |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | $5 + £0.60 per contract |
| Conversion Fees | 0.01% | |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account) |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 5 markets |
| ETF & Funds | 40 | 2300 |
| Crypto | 0 | 11 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 10 Markets |
| Futures | 0 | 11 Markets |
| Bonds | 0 | 630 |
| Forex Instruments | 75 | 0 |
| CFD Indices & Funds | 25 | 0 |
| CFD Stocks | 2100+ | 0 |
| CFD Commodities | 28 | 0 |
| CFD Crypto | 13 | 0 |
| CFD Bonds | 9 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 1 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IC Markets vs. TradeStation Comparison Conclusion
The results of our contrast of IC Markets vs. TradeStation are wrapped up in the table listed below.
| Broker: | Best For: |
| IC Markets | Forex and CFDs; Algorithmic Trading |
| TradeStation | Stock trading; Active traders |
Selecting the right option in between IC Markets and TradeStation can be challenging. Both on-line brokers have resemblances however differ pertaining to trading instruments, platforms & applications, guideline, deposit & withdrawals, and research study and education and learning. Choosing the most effective broker relies on users’ trading & financial investment objectives, specific preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.