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TopFX vs TradeStation

TopFX vs TradeStation Comparison Table 2024
TopFX TradeStation
Review
3.3
Review
3.5

TopFX is a multi-regulated CFD broker with forex, indices, shares, commodities and ETFs traded via the MetaTrader 4 and cTrader platforms. Spreads are tight on the Zero account with competitive €5.50 round-turn commissions, and traders can be assured of fast execution and fair pricing from the broker's direct-market-access model.

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.

Bonus Offer
$50 No Deposit Bonus
Comment by Reviewer
"TopFX's competitive pricing and fast execution will suit experienced forex traders looking for good value and ultra-fast trading via an STP model." "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
  • Supports powerful MT4 and cTrader platforms
  • Fast execution with average speeds below 30ms
  • Generous rebate promotions for active traders
  • Spreads from zero and low commissions
  • Full range of investments
  • Fee-free account deposits
  • Fast one-day withdrawals
  • 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
  • No demo account
  • Limited crypto trading opportunities
  • Limited educational resources or extra trading tools
  • 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 Client Trading Experience Broker - Global Forex Awards
Instruments
Forex, indices, shares, metals, energies, ETFs, CFDs CFDs, Forex, Stocks, Futures, Commodities
Demo Account
No Yes
Minimum Deposit
$50 $500
Trading Platforms
  • MT4
  • cTrader
  • MT4
Payment Methods
Minimum Trade
0.01 Lots Min lot size will vary
Regulator
CySEC, FCA, FSA SEC
Margin Trading
Yes No
STP Account
Yes No
ECN Account
No No
DMA Account
Yes 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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
TopFX offers low-cost copy trading tools to account holders through the cTrader platform. We like the real-time account and fund controls and the user-friendly interface which beats many alternatives.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, indices, energies, metals and ETFs with fast execution and leverage up to 1:30 from the ESMA branch or up to 1:500 from the offshore branch. TopFX is known for its fast execution model with no dealing desk intervention and client safeguards including segregated funds. 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
1:500 1:20
FTSE Spread
From 1.5 N/A
GBPUSD Spread
From 0.2 N/A
Oil Spread
From 2.0 0.06 pips
Stocks Spread
Variable 0.2% Var
Forex Trading
Trade 60+ currency pairs including majors as well as minors and exotics. This is a good range of FX pairs with attractive trading terms and spreads from zero offered on the broker's DMA accounts. 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
From 0.2 Variable
EURUSD Spread
From 0.2 Variable
EURGBP Spread
From 0.2 Variable
Assets
90 26
Cryptocurrency
Clients with a TopFX FSA regulated account can trade six crypto CFDs. However this is a narrow range and fees aren't the lowest so we don't recommend the broker for experienced crypto traders. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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