{"id":21494,"date":"2021-09-02T08:30:41","date_gmt":"2021-09-02T15:30:41","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=21494"},"modified":"2025-01-03T19:09:59","modified_gmt":"2025-01-04T03:09:59","slug":"tradestation","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/tradestation\/","title":{"rendered":"TradeStation"},"content":{"rendered":"\n

TradeStation is a financial services company that provides trading technology, brokerage services, and investment education to active and professional traders. <\/p>\n\n\n\n

Founded in 1982, the company has over 40 years of experience in the industry and has grown to become a well-respected name in the trading world.<\/p>\n\n\n\n

This review will provide an in-depth analysis of TradeStation, including an overview of its trading platform, commission and fee structure, customer service, security measures, and regulations. <\/p>\n\n\n\n

The aim is to provide investors with a comprehensive understanding of the company’s offerings, as well as its pros and cons.<\/p>\n\n\n

Start trading now<\/a><\/div>\n\n\n

How We Rate TradeStation<\/h2>\n\n\n\n

At Financer.com, all traders go through a thorough research and review process. Here’s how we rate TradeStation:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Investment options<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Ease of use<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Fees<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend TradeStation?<\/h3>Yes, we recommend TradeStation as a reliable broker. Skip to our full review below and see how we rate TradeStation<\/a>.<\/div>\n\n\n

Here’s what we’ll cover in this review:<\/h3>\n\n\n\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\n\n\n

Are high broker fees eating your profits?<\/h3>

Save $500+ annually by choosing the right stock broker.<\/p>

See the best stock brokers<\/a><\/p><\/div>

What Is TradeStation? An Overview<\/h2>\n\n\n\n

TradeStation was founded in 1982 by William Porter, a veteran trader and computer programmer, with a vision to provide advanced technology to traders.<\/p>\n\n\n\n

The company initially started as a trading software development firm, and today offers a suite of powerful trading tools and brokerage services. <\/p>\n\n\n\n

This includes equities, options, futures, and cryptocurrency trading, as well as a range of analytical tools, market data, and educational resources. <\/p>\n\n\n\n

The company is headquartered in Plantation, Florida, and has offices in Chicago, New York, Richardson, and London.<\/p>\n\n\n\n

TradeStation has won numerous awards and has also been recognized for its innovative trading technology and commitment to security and transparency.<\/p>\n\n\n\n

Here’s a quick summary of TradeStation:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Minimum investment:<\/strong><\/td>$0<\/td><\/tr>
Trading <\/strong>fees:<\/strong><\/td>$0 per trade up to 10,000 shares, $0.005 per share thereafter<\/td><\/tr>
Investment options<\/strong>:<\/td>Stocks, bonds, mutual funds, ETFs, options, futures, crypto<\/td><\/tr>
Account fees<\/strong>:<\/td>$35 IRA annual account fee, $1 per option contract<\/td><\/tr>
Ease of use:<\/strong><\/td>Platform is user-friendly<\/td><\/tr>
Crypto availability:<\/strong><\/td>11 cryptocurrencies<\/td><\/tr>
Customer support:<\/strong><\/td>Phone, email, and chat<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
Start trading now<\/a><\/div>\n\n\n

How TradeStation Works <\/h2>\n\n\n\n

TradeStation’s trading platform is a powerful and versatile tool designed for active traders who demand speed, reliability, and advanced functionality. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

One of the key strengths of TradeStation’s trading platform is its customizable charting tools<\/strong>. There’s a wide range of customizable indicators, chart types, and drawing tools, which allow traders to create unique trading strategies. <\/p>\n\n\n\n

Traders can also create and backtest their automated trading strategies using TradeStation’s proprietary programming language, EasyLanguage.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

User Experience<\/h3>\n\n\n\n

In terms of user experience, TradeStation’s platform is easy to navigate and user-friendly, with a customizable interface. <\/p>\n\n\n\n

The platform is available on desktop, web, and mobile devices, making it accessible to traders on the go.<\/p>\n\n\n\n

Overall, TradeStation’s trading platform is a robust and reliable tool that offers advanced features and functionality for active traders. <\/p>\n\n\n\n

While the platform may be overwhelming for beginners, experienced traders will appreciate the platform’s flexibility and depth of features.<\/p>\n\n\n\n

TradeStation Fees<\/h3>\n\n\n\n

For equities and ETFs, TradeStation offers a flat rate of $0 per trade<\/strong>, with no minimum opening deposit<\/strong> needed. <\/p>\n\n\n\n

For options trading, TradeStation charges $0.50 per contract<\/strong>, with a $10 minimum commission per trade. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

In addition to commissions, TradeStation charges various fees, including platform fees, data fees, and inactivity fees. <\/p>\n\n\n\n

The platform fee ranges from $99 to $249 per month<\/strong>, depending on the level of access and the number of contracts traded. Data fees range from $10 to $175 per month<\/strong>, depending on the type and level of data required.<\/p>\n\n\n\n

TradeStation charges an inactivity fee of $50 per year<\/strong>, 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.<\/p>\n\n\n\n

Overall, TradeStation’s commission and fee structure is competitive with other online brokers, particularly for active traders who trade in high volumes. <\/p>\n\n\n\n

However, the platform and data fees can add up, particularly for traders who require access to advanced features and real-time data.<\/p>\n\n\n\n

Note<\/strong>: Although there are no minimum deposits, you need to deposit at least $2,000 for free access to the desktop platform.<\/p>\n\n\n\n

Security and Regulations<\/h3>\n\n\n\n

TradeStation takes security and regulations very seriously, implementing a range of measures to protect its traders’ assets and personal information. <\/p>\n\n\n\n

The company is registered with the Securities and Exchange Commission (SEC<\/a>) and is a member of the Financial Industry Regulatory Authority (FINRA<\/a>) and the National Futures Association (NFA).<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

The company employs two-factor authentication<\/strong> and IP address restrictions <\/strong>to prevent unauthorized access to accounts.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

TradeStation’s regulatory compliance is overseen by its compliance team, which ensures that the company is following all applicable laws and regulations. <\/p>\n\n\n\n

The company also provides traders with access to its regulatory disclosures and reports, which provide transparency and insight into its compliance efforts.<\/p>\n\n\n\n

Overall, TradeStation’s commitment to security and regulatory compliance is strong, providing traders with peace of mind and protecting their assets and personal information. <\/p>\n\n\n\n

The company’s participation in regulatory bodies and its adherence to industry standards demonstrate its commitment to maintaining a secure and transparent trading environment<\/p>\n\n\n\n

TradeStation Pros and Cons<\/h2>\n\n\n\n

Here are some of the pros and cons of TradeStation:<\/p>\n\n\n

Pros<\/h3>\n

<\/p>\n