OandA vs. TradeStation Comparison

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 logo

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 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)
  • 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

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Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

Tradestation Global logo

TradeStation

BROKER COMPARISON

Oanda logo
Tradestation Global logo

Overall rating

3,8/5

4,9/5

Overall rating

3,8/5

4,9/5

Trading Platform & Tools

3.9

4.9

See details
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

3.1

4.8

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

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
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

5.0

See details
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 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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.6

4.8

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

Customer Support

4.5

5.0

See details
Email
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:
OandAForex and CFDs
TradeStationStock 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.

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