Plus500 vs. TradeStation Comparison

This contrast overview assists individuals who have a hard time to pick between Plus500 and TradeStation to find the most effective online broker for their trading and financial investment requirements. It evaluates the highlights of both brokers side by side to assist customers contrast their solution and make an educated choice.

To help customers choose the appropriate broker between Plus500 and TradeStation to locate the best-suited system, below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their major trading attributes, including trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, law, and client assistance.

Plus500 vs. TradeStation: Summary

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA (F005651). They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, 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 ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

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 3,000 CFDs
  • Beginner-friendly demo account and educational resources
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

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

Plus500 vs. TradeStation Comparison

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Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

Tradestation Global logo

TradeStation

BROKER COMPARISON

Plus 500 logo
Tradestation Global logo

Overall rating

4,8/5

4,9/5

Overall rating

4,8/5

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 1:30 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 0 0
Inactivity Fee $10
Cost Per Trade 0 0
Cost Per Month 0 $4
Forex (EUR/USD) 0.8 pips 0.6 pips
Stocks & ETF 0 $0.007 per share
CFD (Gold) 7.2 pips 0
Crypto 0 0
Options 0 $5 + £0.60 per contract
Conversion Fees
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.5

4.9

See details
Minimum deposit (in UAE) $100 $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

4.9

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
CFDs on Forex Instruments 60 0
CFD Indices & Funds 430 0
CFD Stocks 1000 0
CFD Commodities 22 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

4.5

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

Plus500 vs. TradeStation Comparison Conclusion

The outcomes of our comparison of Plus500 vs. TradeStation are involved the table below.

Broker:Best For:
Plus500CFD trading and investing
TradeStationStock trading; Active traders

Selecting the appropriate option between Plus500 and TradeStation can be challenging. Both on-line brokers have similarities however differ relating to trading instruments, platforms & applications, regulation, deposit & withdrawals, and research study and education and learning. Selecting the best broker relies on customers’ trading & financial investment objectives, 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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