Interactive Investor vs TradeStation compared

Updated: Aug 2023
Updated: Sep 2023
Interactive Investor
TradeStation
Interactive Investor
TradeStation
4.7
4.6
Interactive Investor
TradeStation
You can't open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
You can open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Deposit and withdrawal score
    4.3
    /5
  • Research score
    3.0
    /5
  • Customer service score
    2.8
    /5
  • Deposit and withdrawal score
    2.2
    /5
  • Research score
    4.3
    /5
  • Customer service score
    4.0
    /5
Recommended for
  • BeginnersYES
  • EquityYES
  • ForexNO
  • CFDNO
  • BeginnersNO
  • EquityYES
  • ForexNO
  • CFDNO
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Your capital is at risk
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5
Merrill Edge
Merrill Edge
Based on your country, these brokers are great matches for you.

Basic data of broker

Overall score
4.7

Recommended for Beginners and investors focusing on the UK market

Overall score
4.6

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

Best crypto broker

Country of origin
Broker's country of establishment

UK

Country of origin
Broker's country of establishment

USA

Fees

Fees score
3.4
Fees score
4.1
Fees summary
BrokerChooser's qualitative summary on the broker's prices

Average trading fees, low non-trading fees, no withdrawal fee

Fees summary
BrokerChooser's qualitative summary on the broker's prices

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

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.3
Deposit and withdrawal score
2.2
Number of base currencies
How many account currencies you can choose from

9

Number of base currencies
How many account currencies you can choose from

9

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
The minimum amount you have to deposit for using the account
No minimum deposit
*

$0

*
Minimum deposit
The minimum amount you have to deposit for using the account
$1 for cash accounts, $2,000 for margin accounts, and $5,000 for futures accounts
*

$0

*
Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Required documents
Documents required for opening an account
No documents needed if they manage to match you electronically to the data you provide
*

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

*
Required documents
Documents required for opening an account

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

Trading platform

Web platform score
4.3
Web platform score
3.8
Mobile platform score
4.3
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
2.3

Markets and products

Markets and products score
3.2
Markets and products score
2.7
Stocks
Stocks are available
Stocks
Stocks are available
US only
*
*
Fractional shares
Fractional shares are available
Fractional shares
Fractional shares are available
ETFs
ETFs are available
ETFs
ETFs are available
Forex
Forex is available
Forex
Forex is available
Funds
Funds are available
Funds
Funds are available
Bonds
Bonds are available
Bonds
Bonds are available
Can be traded only over the phone
*
*
Options
Options are available
Options
Options are available
Futures
Futures are available
Futures
Futures are available
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
USD pairs and crosspairs on Exchange and OTC Desks
*
*
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD

Research, education

Research score
3.0
Research score
4.3
Charting quality

Poor

Charting quality

Great

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
2.8
Customer service score
4.0
Phone
You can reach the broker by phone
Phone
You can reach the broker by phone
Live chat
Live chat is available
Live chat
Live chat is available
Email
Email support is available
Email
Email support is available
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend

Security

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

£85k

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

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

Investor protection
Amount of the investor protection provided by the broker

£85k

Investor protection
Amount of the investor protection provided by the broker

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

Banking background
Whether the broker has a banking background
Banking background
Whether the broker has a banking background
Listed on stock exchange
The broker is listed on a stock exchange
Listed on stock exchange
The broker is listed on a stock exchange
Foundation date

2003

Foundation date

1982

Country of regulation
Which countries' regulators oversee the broker

UK

Country of regulation
Which countries' regulators oversee the broker

USA

Interactive InvestorInteractive Investor

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

TradeStationTradeStation

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

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.

Interactive Investor's service is on par with TradeStation's and a comparison of their fees shows that Interactive Investor's fees are slightly higher than TradeStation's.

Account opening takes about the same effort at Interactive Investor compared to TradeStation, deposit and withdrawal processes are more seamless at Interactive Investor, while customer service quality is lower than TradeStation's.

Our experts rated the trading platform of Interactive Investor as somewhat better than the platform of TradeStation, found that clients have access to slightly more markets and products with Interactive Investor, while TradeStation provides better research and education.

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