Compare forex brokers TradeStation VS Etfinance

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

TRADESTATION VS ETFINANCE

ETFinance
ETFinance Overview

ETFinance is a brand name of Magnum FX which is regulated by the Cyprus Securities and Exchange Commission the “CySEC” and offer a wide range of tradable assets across Forex, Stocks, Indices, Commodities and Cryptocurrencies on the MetaTrader trading platform for Desktop, Web and Mobile.

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 TRADESTATION Availability ETFINANCE 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 TradeStation vs Etfinance.

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. TradeStation offers Online Financial Trading and Investment Services Such as N/A, while Etfinance offers Currencies, Commodities, Stocks, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. TradeStation is DMA, while Etfinance is Dealing Desk.

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. TradeStation is regulated by CFTC, FCA, NFA, SEC, while Etfinance regulated by CySEC. 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. TradeStation offers USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, and JPY. different account currencies for each account types, while Etfinance offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. TradeStation offers Languages:English, while Etfinance offers English, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. TradeStation offers Bank Wire Transfer different payment methods for each account types, while Etfinance offers Credit/Debit Cards, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, TradeStation makes Proprietary available to clients, while Etfinance offers MT4.

The Verdict: TradeStation or Etfinance?

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

Objectively, Etfinance is more reliable based on our criteria above. Only Etfinance 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. Etfinance 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. Etfinance has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Etfinance 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.

What We Don’t Like 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.

Are you Satisfied with what They Offer?