The best alternatives to TradeStation Global are
Let's see in a bit more detail how the TradeStation Global alternatives compare to TradeStation Global and each other:
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Overall score | 4.5 | 4.7 | 4.7 |
| Fees score | |||
| Account opening score | |||
| Deposit and withdrawal score | |||
| Web platform score | |||
| Markets and products score | |||
| Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to TradeStation Global? There are many areas based on which TradeStation Global can be compared with others. When we say a given online broker is a good alternative to TradeStation Global we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
TradeStation Global alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- TradeStation Global is recommended for traders looking for low fees and a lot of products
- DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
Important factors of finding TradeStation Global alternatives
So far Brokerchooser has reviewed 41 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether TradeStation Global or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. TradeStation Global is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost TradeStation Global alternative.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at TradeStation Global, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given TradeStation Global alternative is a must.
Now let's dive into the details of how TradeStation Global and its alternatives perform in the most important areas!
TradeStation Global alternatives
TradeStation Global
4.5
5 stars
TradeStation is a US broker, and it offers TradeStation Global for non-US clients through its UK subsidiary.
TradeStation Global is practically Interactive Brokers's service, not TradeStation's. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. This is like you buy a British Airways flight ticket and then the plane is operated by Delta.
Both Interactive Brokers and TradeStation are very reputable brokers. Both have stock exchange listed parents and are regulated by top-tier regulators.
TradeStation Global is considered safe because it is regulated by the top-tier FCA, the UK regulator.
Recommended for traders looking for low fees and a lot of products
- Low trading fees
- Wide range of products
- Fast and relevant customer service
- Not user-friendly deposit and withdrawal
- Complicated account opening
- Under-developed web trading platform
Fees 4 stars
TradeStation Global has low trading fees and high non-trading fees. Its financing rates are very competitive as well. On the other hand, there are withdrawal and inactivity fees.
- Low financing rate
- Withdrawal fee
- $10 inactivity fee
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Apple benchmark fee | $3.2 | $1.4 | $20.0 |
| Vodafone benchmark fee | $2.7 | $5.2 | $15.0 |
| EURUSD benchmark fee | $23.0 | - | $58.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 2 stars
TradeStation Global account open is the same as Interactive Brokers. It is fully digital but slow and complicated. There is also $5,000 minimum required.
- Fully digital account opening
- Dedicated account manager
- Not user-friendly
- Slow account opening, 1-2 days
- Minimum account balance is $5,000
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Minimum deposit | $5,000 | $0 | $725 |
| Time to open account | 1-3 days | 1 day | 1-3 days |
Learn more about TradeStation Global minimum deposit here.
Deposit and withdrawal 2 stars
TradeStation Global deposit and withdrawal is the same as Interactive Brokers. There are many base currencies, and one free withdrawal per month. On the flip side, only bank transfer.
- Several account base currencies
- No charge for the first withdrawal every month.
- Credit/Debit card deposit and withdrawal not available
- Slow funding and withdrawal - over 3 days
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes |
| Credit/Debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee | $0 | $0 | $0 |
Web trading platform 2 stars
For trading online, you can use only Interactive Brokers' web trading platform. It is good for execution and has very advanced order management. It is not user-friendly and standard functions are missing or underdeveloped.
- Clear fee report
- Good variety of order types
- Not user-friendly
- Poor search function
- Difficult to set the alerts
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Web platform score | |||
| Mobile platform score | |||
| Desktop platform score | - |
Learn more about TradeStation Global's web trading platform in the detailed TradeStation Global review.
Markets and products 5 stars
TradeStation Global has a great product offer. You can reach many markets and trade with all product types.
| TradeStation Global | DEGIRO | Saxo Bank | |
|---|---|---|---|
| Stock | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Forex | Yes | No | Yes |
| Fund | Yes | Yes | No |
| Bond | Yes | Yes | Yes |
| Options | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
Verdict
TradeStation Global has low trading fees and financing rate, a lot of products on a lot of markets, and a great customer support. The TradeStation Global desktop platform has great tools, like a charting tool with a lot of indicators, a highly customizable watchlist (Radar Screen), and visualized order placing (Matrix).
On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. The account opening is complicated and there is a $5,000 minimum account balance. Lastly, the web trading platform is under-developed and not user-friendly.
Feel free to try TradeStation if you prefer low fees and a lot of products.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is a discount broker for EU clients. It is regulated by the top-tier FCA. |
| Fees score | |
| Recommended for | Traders looking for low fees and a lot of products |
TradeStation Global alternatives
DEGIRO
4.7
5 stars
Best discount broker
DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.
DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.
Recommended for price-sensitive buy and hold investors and traders looking for only execution
- One of the lowest fees in the market
- Broad access to international markets
- Easy to use web and mobile platform
- Limited research and education
- No forex trading
- No credit/debit card deposit and withdrawal
Fees 5 stars
DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
- Low trading fees
- Low non-trading fees
- No withdrawal fee
- At some ETFs, one free trade per month
- Yearly service fee for mutual funds
- Higher trading fees for Asian and smaller European stock exchanges
| DEGIRO | TradeStation Global | |
|---|---|---|
| Apple benchmark fee | $1.4 | $3.2 |
| Vodafone benchmark fee | $5.2 | $2.7 |
| EURUSD benchmark fee | - | $23.0 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 5 stars
DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
- Fully digital account opening
- No minimum account balance
- User-friendly
| DEGIRO | TradeStation Global | |
|---|---|---|
| Minimum deposit | $0 | $5,000 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
Deposit and withdrawal 3 stars
DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
- Free withdrawal
- No deposit fee
- Several account base currencies
- Credit/Debit card deposit and withdrawal not available
| DEGIRO | TradeStation Global | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 4 stars
DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
- User-friendly
- Two-step (safe) login
- Looks nice
- Limited customizability (for charts, workspace)
- No price alerts
| DEGIRO | TradeStation Global | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score | - |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Markets and products 3 stars
At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
| DEGIRO | TradeStation Global | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | Yes |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.
It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.
However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.
All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.
| DEGIRO | |
|---|---|
| Summary | DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. |
| Fees score | |
| Recommended for | Price-sensitive buy and hold investors and traders looking for only execution |
TradeStation Global alternatives
Saxo Bank
4.7
5 stars
Best trading platform
Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.
Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.
Recommended for investors and traders looking for a great trading platform and solid research
- Outstanding research
- Great trading platform
- Broad product portfolio
- High forex, bond, options, and futures fees
- Slow account opening
- Missing live chat
Fees 3 stars
Saxo Bank has average trading and non-trading fees.
- No withdrawal fee
- Transparent fee structure
- Lower fees for Platinum and VIP clients
- Inactivity fee
- High financing rate
- High forex, bond, options and futures fees
| Saxo Bank | TradeStation Global | |
|---|---|---|
| Apple benchmark fee | $20.0 | $3.2 |
| Vodafone benchmark fee | $15.0 | $2.7 |
| EURUSD benchmark fee | $58.4 | $23.0 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 3 stars
Account opening is available for residents of almost every country and is fully digital.
- Fast account opening
- Fully digital account opening
- Available for residents of almost every country
- Minimum account balance is higher than $500
- Sales team pushy
- Classic accounts available only in a single currency
| Saxo Bank | TradeStation Global | |
|---|---|---|
| Minimum deposit | $725 | $5,000 |
| Time to open account | 1-3 days | 1-3 days |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal 5 stars
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
- Free withdrawal
- No deposit fee
- Several account base currencies
- Credit/Debit card withdrawal not available
| Saxo Bank | TradeStation Global | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 5 stars
Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
- User-friendly
- Good search function
- Looks nice
- No two-step (safe) login
- Limited customizability (for charts, workspace)
| Saxo Bank | TradeStation Global | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products 4 stars
At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
| Saxo Bank | TradeStation Global | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | Yes |
| Fund | No | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Saxo Bank is a great broker, providing a complex and good service.
It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.
It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.
In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier FCA. |
| Fees score | |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
TradeStation Global alternatives
Bottom line
Based on our analysis, there are several good alternatives to TradeStation Global. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| TradeStation Global | UK-based global broker | Traders looking for low fees and a lot of products |
| DEGIRO | Dutch discount broker | Price-sensitive buy and hold investors and traders looking for only execution |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
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