This contrast overview assists individuals that struggle to pick in between TradeStation and XM to locate the best online broker for their trading and financial investment needs. It assesses the main features of both brokers side by side to help individuals contrast their solution and make an educated decision.
To help users pick the right broker in between TradeStation and XM to discover the best-suited system, below is a list of broker’s benefits and drawbacks, followed by a contrast of their main trading functions, including trading platforms & devices, charges, mobile trading, down payment & withdrawal, properties, policy, and client assistance.
TradeStation vs. XM: Summary
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.
XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.
XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.
XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)
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
Pros
- Very good customer support
- Very competitive trading fees
- Good choice of different trading platforms
Cons
- Could have more deposit and withdrawal options
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
Key features
- Access to 1,000+ trading instruments
- Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
- No re-quotes nor order rejections
- Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
- Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
- Free VPS perfectly suited for EAs and other automated trading software
TradeStation vs. XM Comparison
Select up to 3 Brokers
TradeStation
XM
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:4 | 1:888 |
| 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 | $35 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | $4 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1.6 pips |
| Stocks & ETF | $0.007 per share | 0,1% – (min $5) |
| CFD (Gold) | 0 | 3 pips |
| Crypto | 0 | |
| Options | $5 + £0.60 per contract | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account) | $5 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 5 markets | 100 |
| ETF & Funds | 2300 | 0 |
| Crypto | 11 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 10 Markets | 0 |
| Futures | 11 Markets | 0 |
| Bonds | 630 | 0 |
| Forex Instruments | 0 | 55 |
| CFD Indices & Funds | 0 | 14 |
| CFD Stocks | 0 | 1286 |
| CFD Commodities | 0 | 14 |
| CFD Crypto | 0 | 5 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 1 | 0 |
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
TradeStation vs. XM Comparison Conclusion
The results of our contrast of TradeStation vs. XM are involved the table below.
| Broker: | Best For: |
| TradeStation | Stock trading; Active traders |
| XM | Research & Education |
Choosing the best choice between TradeStation and XM can be difficult. Both on-line brokers have resemblances but vary relating to trading tools, platforms & apps, policy, down payment & withdrawals, and research and education. Selecting the best broker relies on customers’ trading & investment goals, private preferences, and experience degree.
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.