feed linkedin-square facebook-square twitter-square

TradeStation Global Alternatives

May 2019
Our top picks for Saxo Bank alternatives
Swissquote
DEGIRO
TradeStation Global Alternatives

The best alternatives to TradeStation Global are

  1. DEGIRO - Dutch discount broker
  2. Saxo Bank - Danish investment bank

Let's see in a bit more detail how the TradeStation Global alternatives compare to TradeStation Global and each other:

TradeStation Global alternatives comparison
TradeStation Global DEGIRO Saxo Bank
Overall score 4.5 4.7 4.7
Fees score 4 stars 5 stars 3 stars
Account opening score 2 stars 5 stars 3 stars
Deposit and withdrawal score 2 stars 3 stars 5 stars
Web platform score 2 stars 4 stars 5 stars
Markets and products score 5 stars 3 stars 4 stars
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 Global logo

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

Pros
  • Low trading fees
  • Wide range of products
  • Fast and relevant customer service
Cons
  • Not user-friendly deposit and withdrawal
  • Complicated account opening
  • Under-developed web trading platform

Visit broker

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.
Pros
  • Low financing rate
Cons
  • Withdrawal fee
  • $10 inactivity fee
TradeStation Global alternatives trading fees
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

More Visit broker

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.
Pros
  • Fully digital account opening
  • Dedicated account manager
Cons
  • Not user-friendly
  • Slow account opening, 1-2 days
  • Minimum account balance is $5,000
TradeStation Global alternatives minimum deposit and account open times
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.

More Visit broker

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.
Pros
  • Several account base currencies
  • No charge for the first withdrawal every month.
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Slow funding and withdrawal - over 3 days
TradeStation Global and alternatives withdrawal options and fees
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

More Visit broker

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.
Pros
  • Clear fee report
  • Good variety of order types
Cons
  • Not user-friendly
  • Poor search function
  • Difficult to set the alerts
TradeStation Global - Web trading platform
TradeStation Global and alternatives trading platform scores
TradeStation Global DEGIRO Saxo Bank
Web platform score 2 stars 4 stars 5 stars
Mobile platform score 4 stars 4 stars 5 stars
Desktop platform score 3 stars - 5 stars

Learn more about TradeStation Global's web trading platform in the detailed TradeStation Global review.

Visit broker

More Visit broker

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 and alternatives markets and products
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

More Visit broker

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 4 stars
Recommended for Traders looking for low fees and a lot of products

More Visit broker

TradeStation Global alternatives
DEGIRO

4.7 5 stars

Best discount broker

DEGIRO logo

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

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

Visit broker

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.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
TradeStation Global vs. DEGIRO: Trading fees
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

More Visit broker

Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
None
TradeStation Global vs. DEGIRO: Minimum deposit, time to open an account
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.

More Visit broker

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.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
TradeStation Global vs. DEGIRO: Withdrawal options
DEGIRO TradeStation Global
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

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.
Pros
  • User-friendly
  • Two-step (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a TradeStation Global alternative
TradeStation Global vs. DEGIRO: Trading platform scores
DEGIRO TradeStation Global
Web platform score 4 stars 2 stars
Mobile platform score 4 stars 4 stars
Desktop platform score - 3 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

Visit broker

More Visit broker

Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
TradeStation Global vs. DEGIRO: Markets and products
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

More Visit broker

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 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

More Visit broker

TradeStation Global alternatives
Saxo Bank

4.7 5 stars

Best trading platform

Saxo Bank logo

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

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

Visit broker

Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
TradeStation Global vs. Saxo Bank: Trading 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

More Visit broker

Account opening 3 stars

Account opening is available for residents of almost every country and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
Cons
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
TradeStation Global vs. Saxo Bank: Minimum deposit, time to open an account
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.

More Visit broker

Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card withdrawal not available
TradeStation Global vs. Saxo Bank: Withdrawal options
Saxo Bank TradeStation Global
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

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.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a TradeStation Global alternative
TradeStation Global vs. Saxo Bank: Trading platform scores
Saxo Bank TradeStation Global
Web platform score 5 stars 2 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 5 stars 3 stars

Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.

Visit broker

More Visit broker

Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
TradeStation Global vs. Saxo Bank: Markets and products
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

More Visit broker

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 3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

More Visit broker

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.

TradeStation Global alternatives
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

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
Follow Brokerchooser on Twitter

Share

Comments