Interactive Brokers vs. TradeStation Comparison

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

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 Global logo

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

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers
Interactive Brokers

Interactive Brokers

Open account Read review

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 Global logo

TradeStation

BROKER COMPARISON

Interactive Brokers
Tradestation Global logo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
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

4.9

4.8

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.9

See details
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

4.9

5.0

See details
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 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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

5.0

See details
Email
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 BrokersStocks and ETFs
TradeStationStock 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.

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