FXCM vs TradeStation compared

Online brokers compared for fees, trading platforms, safety and more. See how FXCM stacks up against TradeStation!

FXCM
TradeStation
63% or 74% of retail CFD accounts lose money
TradeStation
4.6

Last update of dataDec 2021

FXCM

FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.

Recommended for forex traders looking for easy account opening, funding and withdrawal.

TradeStation

TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.

Recommended for traders focusing on US markets and buy-and-hold investing.

FXCM's service is on par with TradeStation's and a comparison of their fees shows that FXCM's fees are similar to TradeStation's.

Account opening takes somewhat more effort at FXCM compared to TradeStation, deposit and withdrawal processes are more seamless at FXCM, while customer service quality is better than TradeStation's.

Our experts rated the trading platform of FXCM as being of the same quality as the platform of TradeStation, found that clients have access to slightly less markets and products with FXCM, while TradeStation provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.4

Recommended for Forex traders looking for easy account opening, funding and withdrawal

Overall Score
4.6

Recommended for Traders focusing on US markets and buy-and-hold investing

Country of origin

UK

Country of origin

USA

Fees

Fees score
4.0
Fees score
4.3
Fees summary

Average trading and non-trading fees, low CFD fees

Fees summary

Low trading fees, average non-trading fees, free stock and ETF trading for US customers

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.0
Deposit and withdrawal score
2.3
Number of base currencies

4

Number of base currencies

9

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$50

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.3
Web platform score
4.3
Mobile platform score
4.5
Mobile platform score
4.8
Desktop platform score
3.8
Desktop platform score
2.8

Markets and products

Markets and products score
1.8
Markets and products score
3.0
Stocks
Stocks
*
*
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
*
*
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 63% or 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.5
Research score
4.3
Charting quality

Great

Charting quality

Great

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
2.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 in the UK, €20,000 in the EU, no protection in other countries

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1999

Foundation date

1982

Country of regulation

UK, Australia, South Africa and Cyprus

Country of regulation

USA

FXCM

For detailed information and hands-on experience, read our review of this broker.

TradeStation

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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