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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #24 · Editorial rating 9 / 10 · Founded 1982
TradeStation forex broker offers forex trading on a well-regarded platform with advanced charting, customizable order tools, and API-driven automation. Users can analyze currency pairs, execute trades, and streamline workflows within a technology-focused…
Read the TradeStation review
Trust rank #7 · Founded 2002
XTB is a forex and CFD broker offering a proprietary platform, broad instrument coverage, and integrated research and education. It is regulated in multiple jurisdictions.
Read the XTB reviewTradeStation (United States, founded 1982) holds 3 regulatory licences (CFTC, FCA, NFA), 3 of them tier-1, offers Proprietary and sits in our low-fee bracket. XTB (Poland, founded 2002) holds 5 regulatory licences (DFSA, FCA, FSCA, IFSC, KNF), 1 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 47 countries; TradeStation is available in 186 countries where XTB is not, and XTB in 1 where TradeStation is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | TradeStation | XTB |
|---|---|---|
| Editorial rating | 9 / 10 | Not verified |
| Trust rank | #24 | #7 |
| Founded | 1982 | 2002 |
| Headquarters | United States | Poland |
| Regulators | CFTC, FCA, NFA | DFSA, FCA, FSCA, IFSC, KNF |
| Broker type | Market Maker | Market Maker |
| Platforms | Proprietary | Proprietary |
| Instruments | Forex | Commodities, Cryptocurrencies, Forex, Indices |
| Countries accepted | 233 countries | 48 countries |
| Fee level | Low | Low |
| Trading types | Spot Trading | CFD Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (47): Angola, Austria, Belgium, Bermuda, Bulgaria, Chile, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mauritania, Moldova, Montenegro, Netherlands, North Macedonia, Philippines, Poland, Portugal, Romania, Saint Kitts and Nevis, Serbia, Slovakia, Slovenia, South Africa, Spain and 7 more.
Only TradeStation (186): Afghanistan, Albania, Algeria, American Samoa, Andorra, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Bouvet Island and 161 more.
Only XTB (1): Canada.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
XTB holds more regulatory licences: TradeStation (CFTC, FCA, NFA) versus XTB (DFSA, FCA, FSCA, IFSC, KNF). Tier-1 licences: TradeStation 3, XTB 1.
TradeStation offers Proprietary; XTB offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
TradeStation is the older of the two, founded in 1982; XTB was founded in 2002.
They overlap in 47 countries. TradeStation is additionally available in 186 countries (Afghanistan, Albania, Algeria, American Samoa, Andorra, Anguilla and 180 more) and XTB in 1 countries (Canada).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.