Compare forex brokers GTCM VS Tradestation

If you're choosing between GTCM and Tradestation forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GTCM better than Tradestation? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GTCM VS TRADESTATION

GTCM
GTCM Overview

GTCM, Global Trading Capital Market, is owned and operated by a Cypriot investment firm named Depaho Ltd. This Forex trading brokerage is fully registered by CySEC and is fully compliant with ESMA (European Securities and Markets Authority) standards. The broker offers Forex, indices, stocks, commodities, options, ETFs and Crypto assets for trading on PROfit web platform.

TradeStation
TradeStation Overview

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 GTCM Availability TRADESTATION Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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 GTCM 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. GTCM offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Options, while Tradestation offers N/A.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GTCM is STP, 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. GTCM is regulated by CySEC, 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. GTCM offers 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. GTCM offers , while Tradestation offers Languages:English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GTCM offers Credit/Debit Cards, E Merchant Payment Solutions 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, GTCM makes PROfit available to clients, while Tradestation offers Proprietary.

The Verdict: GTCM or Tradestation?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Tradestation is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Tradestation broker is regulated in more major hubs. Tradestation offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. 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. Tradestation has a wider range of languages in which customer service is offered making the broker more accessible.

What We Really Like on Tradestation

TradeStation Global has low trading fees. You will get access to many products and in many regions. It also has a fast and relevant customer support.

What We’d Like More on Tradestation

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.

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.

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