Compare TradeStation vs XM

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

TradeStation vs XM
open account	Visit broker	Visit broker 75.55% of retail CFD accounts lose money
overall rating	4.7	4.3
overall pros	Great web and mobile trading platform Low stock and ETF fees High-quality educational tools	Low CFD and withdrawal fees Easy and fast account opening Great educational tools
overall cons	Not user-friendly deposit and withdrawal No forex trading Okayish customer service	Limited product portfolio Average forex fees No investor protection for non-EU clients
fees	4.3 Low trading fees Low stock and ETF fees Multiple fee structures to choose from Withdrawal fee Non-trading fees can be high	3.8 No withdrawal fee Low CFD fees Inactivity fee Average FX fees
account opening	5.0 Fast Fully digital User-friendly Only USD accounts (unless you trade futures)	5.0 Fast Fully digital Low minimum deposit
deposit and 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)	5.0 Credit/Debit card available Several account base currencies Free wire withdrawal above $200
web trading platform	4.5 User-friendly Clear fee report Two-step (safer) login No price alerts	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	4.8 User-friendly Two-step (safer) login Good variety of order types Limited search functions	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	2.5 Good customizability (for charts, workspace) Good variety of order types Two-step (safer) login Not user-friendly Poor search function Poor design	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Outdated design Search function could be better
markets and products	2.7 Stock ETF Fund Options Futures Crypto	2.5 Forex CFD Real stocks for clients under Belize (IFSC)
research	4.0 Good interactive chart Trading ideas Data on asset fundamentals Many add-on research tools are not free	4.5 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	2.5 Phone support Live chat No 24/7 support	4.0 Phone support Live chat Fast response time No 24/7 support
education	5.0 Demo account Trading platform tutorial Educational videos	4.5 Demo account Trading platform tutorial Educational videos
safety	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	Negative balance protection Regulated by the top-tier ASIC Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Traders focusing on US markets and buy-and-hold investing	Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees

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