Compare IC Markets vs Tradestation


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against Tradestation!

IC Markets vs Tradestation
overall rating
4.4
4.7
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • No investor protection
  • No negative account balance protection
  • Limited number of available CFDs
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Poor customer service
fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
deposit and withdrawal
4.9
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
1.8
  • No deposit fee
  • Several account base currencies
  • Quick deposit and withdrawal - within 3 days
  • Credit/Debit card not available
  • High withdrawal fee
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
2.5
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
1.7
  • Forex
  • CFD
  • Crypto
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
2.3
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Forex traders who value easy account opening and free deposit/withdrawal options Traders focusing on US markets and buy-and-hold investing
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