This contrast overview aids customers that battle to select between OandA and TradeStation to locate the most effective online broker for their trading and financial investment demands. It evaluates the highlights of both brokers alongside to aid customers contrast their solution and make an informed decision.
To assist users choose the right broker between OandA and TradeStation to find the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, complied with by a contrast of their major trading features, consisting of trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, guideline, and consumer support.
OandA vs. TradeStation: Summary
OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.
OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.
OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.
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)
- Competitive average spread from 1.2 pips (EUR/USD)
- MT4, MT5 and TradingView integration
- Broad range of research and analysis tools
- Feature rich mobile app
Cons
- Limited assets
- Only CFD and forex trading available
- Customer support is only available during office hours
- Inactivity fees
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 124 tradable symbols including 71 forex pairs
- Low minimum deposit ($0)
- Real-time currency conversion
- MetaTrader 4 and 5 integration
- Free VPS server
- Trading fee and wire transfer discounts for professional traders
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
OandA vs. TradeStation Comparison
Select up to 3 Brokers
Oanda
TradeStation
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:50 | 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 | $20 + Fee | $35 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after 12 months | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | $4 |
| Forex (EUR/USD) | 1.3 | 0.6 pips |
| Stocks & ETF | 0 | $0.007 per share |
| CFD (Gold) | 31 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | $5 + £0.60 per contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
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 | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 5 markets |
| ETF & Funds | 0 | 2300 |
| Crypto | 0 | 11 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 10 Markets |
| Futures | 0 | 11 Markets |
| Bonds | 0 | 630 |
| Forex Instruments | 70 | 0 |
| CFD Indices & Funds | 12 | 0 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 35 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 3 | 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
OandA vs. TradeStation Comparison Conclusion
The results of our contrast of OandA vs. TradeStation are wrapped up in the table below.
| Broker: | Best For: |
| OandA | Forex and CFDs |
| TradeStation | Stock trading; Active traders |
Selecting the ideal choice between OandA and TradeStation can be difficult. Both online brokers have resemblances but differ concerning trading instruments, platforms & apps, policy, deposit & withdrawals, and study and education and learning. Selecting the very best broker depends upon users’ trading & financial investment objectives, private choices, 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.