Comparison eToro vs TradeStation
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs TradeStation. Which of them: eToro or TradeStation a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and TradeStation has a commission fee of 4. When analyzing commission fees in CFD: eToro provides from 0.09%, and TradeStation provides 4. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 2 pips and 4 for eToro and TradeStation, respectively. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by TradeStation. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while TradeStation uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And TradeStation was founded in 1982 in United States, and it is regulated by SEC, FINRA. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. And TradeStation provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. The withdrawal time for eToro is within 1 business day, and that one for TradeStation is 3-5 business days.
As a result, the rating of eToro is 4.4 stars versus that of TradeStation of 3.8 stars.