Freetrade vs TradeStation

Freetrade vs TradeStation Comparison Table 2024
Freetrade TradeStation
3.5
3.5

TradeStation is #13 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.

TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders.

Comment by Reviewer
"Freetrade provides a simple and affordable way for casual investors to build a diverse portfolio of 6000+ US, UK and European stocks with zero commissions." "TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders."
Pros
  • FCA-regulated brand with FSCS cover for investors
  • Thousands of US and UK stocks and hundreds of ETFs to choose from
  • Very competitive pricing vs competitors with low fees and zero commissions
  • Earn interest on uninvested cash with competitive rates
  • Transfer/move ISAs from other accounts
  • News and blog feed updated regularly
  • Built-in customer support via live chat
  • Fast revenue withdrawals
  • Dividends on stocks
  • Reputable brand with oversight from top US regulators
  • Powerful trading platform with desktop, webtrader and mobile app
  • Support for third-party platform add-ons
  • Fast and responsive customer service
  • Quick, straightforward account setup
  • Competitive commissions on US stocks
Cons
  • Competitors have larger selection of assets
  • Trading platform lacks deep analytical tools
  • Less suitable for active, high-volume traders
  • Many countries not accepted
  • No leveraged trading
  • No demo account
  • Limited ETF options with no commission-free ETFs
  • Expensive subscription fees for many add-ons
  • Pricing disadvantages less active traders
  • Limited free data and in-depth research
Awards
  • Best Online Trading Platform 2020 - British Bank Awards
  • Best Share Trading Platform 2019 - British Bank Awards
  • People’s Choice 2019 - Good Money Guide
  • Best New Investment Service 2019 - Consumer Investment Awards
Instruments
Stocks, ETFs CFDs, Forex, Stocks, Futures, Commodities
Demo Account
No Yes
Minimum Deposit
$0 $500
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
£2 Min lot size will vary
Regulator
FCA SEC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes iOS, Android and Windows
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Commodities
CFD Trading
CFD trading not offered Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order.
Leverage
1:20
FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Forex Trading
Forex trading not offered Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions.
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
26
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