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 73.5% of retail CFD accounts lose money	Visit broker
overall rating	4.6	4.7
overall pros	Generally low fees Easy-to-use web trading platform Easy and digital account opening	Great web and mobile trading platform Low stock and ETF fees High-quality educational tools
overall cons	Only FX and some CFDs Poor customer service High bank withdrawal fee	Not user-friendly deposit and withdrawal No forex trading Poor customer service
fees	4.5 Low trading fees Low forex fees No withdrawal fee No withdrawal fee in most cases High withdrawal fee for bank transfers	4.3 Low trading fees Low stock and ETF fees Multiple fee structures to choose from High non-trading fees Withdrawal fee
account opening	4.4 Fully digital No minimum deposit Low minimum deposit Issues with ID verification can slow account opening	5.0 Fast Fully digital User-friendly $500 minimum deposit Multiple base currencies only for futures accounts
deposit and withdrawal	4.2 Credit/Debit card available No deposit fee Withdrawal is free for PayPal and for the first debit card transaction each month High withdrawal fee for bank transfers	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	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	3.8 Clear fee report Good customizability (for charts, workspace) Good variety of order types No price alerts	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	1.5 Forex CFD	2.7 Stock ETF Fund Bond Options Futures Crypto
research	4.8 Good interactive chart Quality news flow User-friendly Great API Research tools are poorly organized	4.0 Good interactive chart Trading ideas Data on asset fundamentals Many add-on research tools are not free
customer service	3.4 Phone support Live chat No 24/7 support Speed could be improved	2.5 Phone support Fast response time No 24/7 support Live chat doesn't work
education	4.0 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 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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