Olymp Trade vs. TradeStation Comparison

This contrast overview aids users who have a hard time to choose between Olymp Trade and TradeStation to find the most effective online broker for their trading and financial investment requirements. It evaluates the highlights of the two brokers alongside to help individuals contrast their service and make an informed decision.

To aid customers pick the ideal broker in between Olymp Trade and TradeStation to find the best-suited platform, below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their primary trading features, including trading systems & tools, charges, mobile trading, down payment & withdrawal, assets, law, and client support.

Olymp Trade vs. TradeStation: Summary

Olymp-Trade-logo

Olymp Trade is a multinational binary options broker based in Saint Vincent and the Grenadines. It is not regulated by any tier-one regulator and is not considered safe. Users can trade on various markets, including 35 forex pairs, 12 cryptocurrencies, 10 indices, 4 metals, 2 energies, and 12 stocks. Additionally, users can invest in stocks or speculate on options.

Olymp Trade trading fees are above average compared to similar brokers from the industry, like IQ Option and AvaTrade. They charge low spreads from 0.8 pips EUR/USD and $4 commission per lot on its ECN accounts. Payouts on options are 86.5%. The broker doesn’t charge non-trading or inactivity fees.

Olymp Trade’s customer support is available through email and live chat.

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 ($10)
  • Competitive forex spreads (0.8 pips EUR/USD)
  • Compatibility with MT4 and TradingView
  • Broad range of financial instruments
  • High payouts on options (86.5%)

Cons

  • Higher account tiers come with more benefits
  • Non-transparent overnight fees and margin requirements
  • Limited advanced charting and trading 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 65 + forex currency pairs
  • Compatibility with MT4 and TradingView
  • Zero commission stock trading
  • Wide range of available payment methods
  • Low trading fees and high binary option payouts
  • Bonuses of up to 100%

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

Olymp Trade vs. TradeStation Comparison

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BROKER COMPARISON

Olymp-Trade-logo
Tradestation Global logo

Overall rating

2,9/5

4,9/5

Overall rating

2,9/5

4,9/5

Trading Platform & Tools

2.8

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 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

3.5

4.8

See details
Withdrawal Fee 0 $35
Deposit Fee 0 0
Inactivity Fee $10 if no trades in a month
Cost Per Trade 0 0
Cost Per Month 0 $4
Forex (EUR/USD) 1.1 0.6 pips
Stocks & ETF 0 $0.007 per share
CFD (Gold) 20 0
Crypto 0 0
Options 0 $5 + £0.60 per contract
Conversion Fees 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.5

4.9

See details
Minimum deposit (in UAE) $10.00 $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

2.7

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 Instruments 39 0
CFD Indices & Funds 21 0
CFD Stocks 40 0
CFD Commodities 6 0
CFD Crypto 21 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 1

Regulation

2

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.2

4.8

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

Customer Support

3.2

5.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Olymp Trade vs. TradeStation Comparison Conclusion

The outcomes of our contrast of Olymp Trade vs. TradeStation are involved the table below.

Broker:Best For:
Olymp TradeBinary Options
TradeStationStock trading; Active traders

Choosing the appropriate choice in between Olymp Trade and TradeStation can be hard. Both on the internet brokers have resemblances however differ pertaining to trading instruments, platforms & apps, policy, deposit & withdrawals, and study and education. Choosing the very best broker depends on customers’ trading & financial investment goals, individual 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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