TradeStation Forex brokers are hard to find, but once you do, you shouldn’t think twice to leave it behind. TradeStation was established in the early 1980s and provides both casual and experienced traders with the tools they will need in order to be successful. It is a brokerage company as well as a platform developer that is operated by the MonexGroup. This company is based over in Japan and is overseen by the FSA (Financial Services Agency), but TradeStation itself has its headquarters in Florida, USA.

TradeStation has been designed to be an open-end platform which is customizable and developed depending on the requirements of a broker. It provides access to all the major financial markets across the world. It has been considered by many as a leader in terms of trading technology, with a robust desktop platform that is award-winning in the industry. There is also a web-based option. In 2016, TradeStation’s Forex accounts were moved over to OANDA but were still promised the top technology that they were used to as well as the continuation of a Forex broker that puts them first.

Many large brokers have adopted TradeStation thanks to its customizable open-ended platform that is built with Easy-Language programming. Additionally, TradeStation brokers have exclusive mobile access with their trade accounts.

 

TradeStation Forex Brokers List

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

 

How Does TradeStation Work?

TradeStation is a trading platform that has put a lot of effort into making a name for them. Their primary objective is to attract the common trader and investor. However, due to their extensive trading solutions, the majority of their customers are traders with a more technical approach, and traders who like to remain active. TradeStation is planning on establishing a digital investments trading platform, with more options that will be added.

TradeStation is not an easy trading platform to navigate through, since there is a wide range of analytical tools and instruments for traders. This means that traders will have to learn how to use it, before actually operating on the platform. However, it is quite helpful that the settings and toolbars are the same in whatever device a trader is using. This shows that regardless of the device, the interface of the TraderStation platform is all the same.

While using TradeStation, the trading platform gives traders access to any form of customization option that can be tailored to a user’s preference. The TradeStation web platform has various trading tools and options of the downloadable application. A slight difference would be that traders will not have the ability to create their own trading system, or the option to use trading systems that were created by other users; this is available on the TradingApp Store.

 

Advantages of Tradestation FX Brokers

As mentioned, the desktop TradeStation platform is excellent for active trading. The web version complements this well and is easy to use. The mobile TradeStation platform is also full of features. The tools are considered to be very professional by traders and include indicators, different charting options as well as data that go back for over forty-eight years.

Disadvantages of Tradestation Forex Brokers

There have been a few problems for traders in the past due to frequent crashes, as well as trade orders being incorrect. There may also be the appearance of ghost orders on accounts. The CFTC (The Commodity Futures Trading Commission) has recently fined TradeStation for the errors across their platforms. Thankfully, this has had the necessary effect that led to the company is working towards fixing its glitches. TradeStation also doesn’t come cheap as the fees can be higher than some Forex broker platforms.

TradeStation has a high level of technology and analytical tools, which are what, attract the Forex traders. It is easy to use, as well as the ability to provide lots of market tools that are both professional and well-functioning. They do charge fees that are higher than some brokerages, but essentially this is considered rather like a business expense by some traders. Since TradeStation is considered a top trading platform, it is understandable that they would request higher fees.

In Conclusion

TradeStation Forex brokers are brokerage firms that support TradeStation, which was founded in the early 1980s. They offer trading tools and instruments that guarantee success, for all traders of any level of experience. TradeStation was established to be an open-end trading platform, which can be customized and developed in whatever way the trader chooses. The trading platform also offers access to almost every major financial market in the world, which is why it is considered a leader in the trading industry. Another reason it is a role model for most trading platforms and brokers, is because it is the leading trading platform, in regards to trading technology.

There are many advantages when it comes to TradeStation Forex brokers, but the most important benefit is access. Both the web platform and Mobile application are top-notch, and they are better than almost every trading platform interface.