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Compare Interactive Brokers vs Tradestation


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

Interactive Brokers vs Tradestation
overall rating
4.8 / 5.0
4.4 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
4 stars
  • Low trading fees
  • More fee structures you can choose from
  • High non-trading fees
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
4 stars
  • Fully digital
  • User-friendly
  • Slow
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
2 stars
  • No deposit fee
  • Credit/Debit card not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
  • No price alerts
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
5 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No clear fee report available
markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
4 stars
  • Data on asset fundamentals
  • Quality news flow
  • Good set of analytical tools
  • Not user-friendly
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
3 stars
  • Live chat
  • Relevant and fast telephone support
  • Practically no email support
  • No 24/7
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
recommended for Traders who prefer low fees and a professional trading environment Traders wanting great research tools and preferring the US markets