Interactive Brokers vs TradeStation on TradersPost
Interactive Brokers and TradeStation differ on 6 of 21 points TradersPost compares: stock options, index options, futures, fill or kill orders and 2 more. Both support stocks, short selling, market orders, limit orders, stop orders, trailing stops, bracket orders, stop limit orders, day orders, good till canceled orders, immediate or cancel orders and paper accounts.
-
Stock Options
Not supported
Supported
-
Index Options
Not supported
Supported
-
Futures
Not supported
Supported
-
Fill or kill orders
Not supported
Supported
-
Trailing stop attached to entry
Supported
Partial
Stocks
-
Modify open orders
Not supported
Supported
Same on both 13
- Stocks
- Short selling
- Market orders
- Limit orders
- Stop orders
- Trailing stops
- Bracket orders
- Stop limit orders
- Day orders
- Good till canceled orders
- Immediate or cancel orders
- Paper accounts
- Authentication: OAuth
Neither supports 2
- Crypto
- Fractional quantity
Link to this comparison /compare/connections/ibkr-vs-tradestation
Brokers change their rules, so check their docs before you connect. TradersPost does not recommend a broker.
Worth knowing about each
Interactive Brokers
- Stocks only. IBKR futures, options, and crypto are not sent through this WebAPI integration, even when those products exist in TWS.
- IBKR allows one active login session per username. Logging into TWS or the IBKR mobile app with the same username can interrupt automated orders.
- The North America API reset window is 23:45–00:45 ET. Signals in that window can fail even with retries.
View Interactive Brokers connection View Interactive Brokers docs
TradeStation
- TradeStation crypto is not sent through TradersPost.
- Futures take-profit and stop-loss can be set as price offsets, a percentage or a dollar PnL amount.
- Rejected prices often mean TradeStation minMove/tick data disagrees with the price in the signal. Check the quote on the trade.