This contrast overview aids individuals that struggle to pick between Interactive Brokers and TradeStation to discover the best online broker for their trading and investment demands. It analyzes the main features of the two brokers alongside to assist customers compare their solution and make an informed decision.
To help users choose the appropriate broker between Interactive Brokers and TradeStation to find the best-suited system, listed below is a list of broker’s advantages and disadvantages, followed by a comparison of their major trading functions, including trading systems & devices, costs, mobile trading, down payment & withdrawal, assets, guideline, and customer support.
Interactive Brokers vs. TradeStation: Summary
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
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
- Low minimum deposit ($0)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
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
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
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
Interactive Brokers vs. TradeStation Comparison
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
TradeStation
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 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 | 0 | $35 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | $4 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 0.6 pips |
| Stocks & ETF | $ 0.005 per share | $0.007 per share |
| CFD (Gold) | 0.02% | 0 |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | $5 + £0.60 per contract | |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account) |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 5 markets |
| ETF & Funds | 35.000 | 2300 |
| Crypto | 4 | 11 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 10 Markets |
| Futures | 245 | 11 Markets |
| Bonds | 1.000.000 | 630 |
| Forex Instruments | 115 | 0 |
| CFD Indices & Funds | 13 | 0 |
| CFD Stocks | 8.000 | 0 |
| CFD Commodities | 2 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 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
Interactive Brokers vs. TradeStation Comparison Conclusion
The results of our comparison of Interactive Brokers vs. TradeStation are involved the table listed below.
| Broker: | Best For: |
| Interactive Brokers | Stocks and ETFs |
| TradeStation | Stock trading; Active traders |
Choosing the ideal selection in between Interactive Brokers and TradeStation can be challenging. Both online brokers have similarities but vary pertaining to trading instruments, systems & apps, guideline, down payment & withdrawals, and research study and education and learning. Choosing the best broker depends on users’ trading & investment goals, private 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.