AvaTrade is an online trading and investing platform that gives you access to foreign currencies, CFDs (contracts for difference), and cryptocurrency trading through its mobile, web, and desktop trading platforms.
TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange. TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
|#||Broker's Features||AVATRADE Availability||TRADESTATION Availability|
|#||Accepts US traders||❌||✔|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare AvaTrade vs Tradestation.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. AvaTrade offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, ETFs, while Tradestation offers N/A.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. AvaTrade is Dealing Desk, Market Maker, while Tradestation is DMA.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AvaTrade is regulated by ASIC, BVI, CBI, FSCA, while Tradestation regulated by CFTC, FCA, NFA, SEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. AvaTrade offers USD, EUR, GBP, CHF, AUD different account currencies for each account types, while Tradestation offers USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, and JPY. account currencies.
Languages Available: Next lets have a look at each broker's different Language options. AvaTrade offers English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese, Dutch, while Tradestation offers Languages:English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. AvaTrade offers Credit/Debit Cards, Bank Transfer, PayPal, Skrill, Payoneer, Neteller different payment methods for each account types, while Tradestation offers Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, AvaTrade makes ActTrader, MT4, MT5, Proprietary, Zulutrade available to clients, while Tradestation offers Proprietary.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, AvaTrade is more reliable based on our criteria above. AvaTrade has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only AvaTrade Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. AvaTrade offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. AvaTrade has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, AvaTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
AvaTrade has low trading fees. The account opening is user-friendly and fast. It offers a lot of deposit and withdrawals options and they are free of charge.
TradeStation Global deposit and withdrawal can be improved. It is not user-friendly and you can use only bank transfer. The account opening is complicated and there is a $1,000 minimum account balance. The available web trading platform is not advanced.
The product portfolio is limited as it offers only CFDs, forex, and cryptos. The research tools are limited as there are no trading ideas, fundamental data, or news. The telephone support is bad as they don't pick up the phone.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.