Compare Oanda vs TradeStation

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

Oanda vs TradeStation
open account	Visit broker 74-89% of retail CFD accounts lose money	Visit broker
overall rating	4.6	4.6
overall pros	Great trading platforms Outstanding research tools Fast and user-friendly account opening	Great web and mobile trading platform Low stock and ETF fees High-quality educational tools
overall cons	Only FX and CFD available No stock exchange listing and banking background Customer support is not 24/7	Not user-friendly deposit and withdrawal No forex trading Mediocre customer service
fees	4.1 Low forex fees First credit/debit card withdrawal per month is free Average CFD fees	4.2 Low trading fees Low stock and ETF fees / Free stock trading Multiple fee structures to choose from Withdrawal fee
account opening	4.4 Fully digital No minimum deposit	5.0 Fast Fully digital User-friendly Only USD accounts (unless you trade futures)
deposit and withdrawal	4.2 Credit/Debit card available Free withdrawal No deposit fee High withdrawal fee for bank transfers and PayPal	2.3 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	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts
mobile trading platform	5.0 User-friendly Two-step (safer) login Good search function No Touch/Face ID login	4.8 User-friendly Two-step (safer) login Good variety of order types Limited search functions
desktop trading platform	4.5 User-friendly Clear fee report Good customizability (for charts, workspace) No price alerts	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	1.6 Forex CFD	2.8 Stock ETF Fund Options Futures Crypto
research	4.5 Good interactive chart Data on asset fundamentals Quality news flow Great API No trading ideas Research tools are poorly organized	4.3 Good interactive chart Trading ideas Data on asset fundamentals Many add-on research tools are not free
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	2.5 Phone support Live chat No 24/7 support
education	4.5 Demo account Trading platform tutorial Educational videos Materials are not well-organized	5.0 Demo account Trading platform tutorial Educational videos
safety	Majority of clients belong to a top-tier financial authority Negative balance protection Financial information is publicly available Does not hold a banking license Not listed on stock exchange	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 traders who value a user-friendly platform and great research tools	Traders focusing on US markets and buy-and-hold investing

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