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
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Okayish 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
  • Withdrawal fee
  • Non-trading fees can be high
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • User-friendly
  • Only USD accounts (unless you trade futures)
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
1.8
  • No deposit fee
  • Deposit and withdrawal in cryptocurrencies
  • Credit/Debit card not available
  • High fee for wire withdrawal
  • Only USD accounts (unless you trade futures)
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
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
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
2.7
  • Stock
  • ETF
  • Fund
  • 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 not useful live chat
2.5
  • Phone support
  • Live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Forex and CFD 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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