TradeStation's trading platform is a powerful and versatile tool designed for active traders who demand speed, reliability, and advanced functionality.
The platform offers a range of advanced features and tools that cater to the needs of professional traders, including charting tools, trading strategy builders, and customizable layouts.
One of the key strengths of TradeStation's trading platform is its customizable charting tools. There's a wide range of customizable indicators, chart types, and drawing tools, which allow traders to create unique trading strategies.
Traders can also create and backtest their automated trading strategies using TradeStation's proprietary programming language, EasyLanguage.
TradeStation's platform offers advanced order types, including conditional orders, bracket orders, and one-cancels-other (OCO) orders, which help traders manage their risk and optimize their trading strategies.
The platform also offers a range of analytical tools, including market scanners, heat maps, and real-time market data, which provide traders with valuable insights into market trends and conditions.
User Experience
In terms of user experience, TradeStation's platform is easy to navigate and user-friendly, with a customizable interface.
The platform is available on desktop, web, and mobile devices, making it accessible to traders on the go.
Overall, TradeStation's trading platform is a robust and reliable tool that offers advanced features and functionality for active traders.
While the platform may be overwhelming for beginners, experienced traders will appreciate the platform's flexibility and depth of features.
TradeStation Fees
For equities and ETFs, TradeStation offers a flat rate of $0 per trade, with no minimum opening deposit needed.
For options trading, TradeStation charges $0.50 per contract, with a $10 minimum commission per trade.
Futures trading is also available, with commissions ranging from $1.50 to $4.00 per contract, depending on the volume and type of contract being traded.
In addition to commissions, TradeStation charges various fees, including platform fees, data fees, and inactivity fees.
The platform fee ranges from $99 to $249 per month, depending on the level of access and the number of contracts traded. Data fees range from $10 to $175 per month, depending on the type and level of data required.
TradeStation charges an inactivity fee of $50 per year, which is waived for accounts with a minimum account balance of $2,000 or for accounts that have executed at least five trades in the preceding 12 months.
Overall, TradeStation's commission and fee structure is competitive with other online brokers, particularly for active traders who trade in high volumes.
However, the platform and data fees can add up, particularly for traders who require access to advanced features and real-time data.
Note: Although there are no minimum deposits, you need to deposit at least $2,000 for free access to the desktop platform.
Security and Regulations
TradeStation takes security and regulations very seriously, implementing a range of measures to protect its traders' assets and personal information.
The company is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA).
TradeStation's platform and website are protected by SSL encryption, ensuring that all data transmitted between the trader's browser and TradeStation's servers is secure.
The company employs two-factor authentication and IP address restrictions to prevent unauthorized access to accounts.
In terms of asset protection, TradeStation holds all client funds in segregated accounts with top-tier banks, ensuring that trader funds are separate from the company's funds.
The company also participates in the Securities Investor Protection Corporation (SIPC), which provides traders with up to $500,000 in protection if the company goes bankrupt.
TradeStation's regulatory compliance is overseen by its compliance team, which ensures that the company is following all applicable laws and regulations.
The company also provides traders with access to its regulatory disclosures and reports, which provide transparency and insight into its compliance efforts.
Overall, TradeStation's commitment to security and regulatory compliance is strong, providing traders with peace of mind and protecting their assets and personal information.
The company's participation in regulatory bodies and its adherence to industry standards demonstrate its commitment to maintaining a secure and transparent trading environment
