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TradeStation vs ThinkMarkets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, TradeStation currently holds a lower overall rating (0) compared to ThinkMarkets (4.5).
TradeStation has a higher minimum deposit than ThinkMarkets, at 2000.0.
Both platforms offer their clients demo accounts, mobile trading.
Traders should note that
TradeStation offers a minimum lot size of 111.0 and a maximum lot size of 111.0, while ThinkMarkets offers 0.01 and 0.0.
TradeStation offers a lower maximum leverage of 1:50, whereas ThinkMarkets allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 2000.0 | 250.0 |
| Commission | 0.0 | 7.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 111.0 | 0.01 |
| Maximum lot size | 111.0 | 0.0 |
| Spread | Fixed | Variable |
| Broker type | Dealing Desk | STP, ECN |
| Maximal leverage (1:?) | 50 | 500 |
| Availability | Dealing Desk | STP, ECN |
| Regulation | NFA (US) | FCA (UK), FSA (Seychelles), FSP (NZ), ASIC (Australia), FSCA (South Africa), FSA (Japan) |
| Trading Platforms | Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ThinkTrader |
| Funding/Withdrawal methods | Wire Transfer, Check | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Netbanx, BPay |
| Account Currency | USD, GBP, EUR, JPY, CAD, DKK, SEK, NOK | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, AUD |
| Languages | English, Spanish | English, Spanish, French, Portuguese, Japanese, Chinese, Polish, Indonesian, Thai, Arabic, Vietnamese, Bulgarian, Swedish, Urdu, Hindi, Romanian, Turkish, Tagalog, Bahasa Malay, Afrikaans |
| Country | United States | Australia |
| Trading platform(s) timezone | Costa Rica, United Kingdom | Australia, United Kingdom |
| Other trading instruments | CFDs | Indices, Commodities, Energies, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
