TradeStation Review

TradeStation is an online broker focused on traders. They designed most of their investment options, learning materials, customer support, and trading features with traders in mind. If you want to actively invest in or learn about trading futures or options, you might find TradeStation interesting. They now offer $0 trades, probably to attract more casual investors. They’ve also made their web-based platform easier to use, aiming to make trading less scary.

🏢 Headquarters USA
📅 Year founded 1982
🗺️ Regulation SEC, FINRA, CFTC, NFA, SIPC, FCA
💻 Trading platform: TradeStation proprietary platform (desktop, mobile, web), TSCrypto (for trading cryptocurrencies)
💰 Account currency: USD
📊 Accounts: Simulated trading (demo), individual brokerage (TS SELECT, TS GO, Crypto) joint, custodian, pension IRA, corporate accounts
💵 Withdrawal: Bank Transfer
💵 Deposit: Bank Transfer
🚀 Minimum deposit: $500
⚖️ Leverage: Up to 1:50
☪️ Islamic account (swap free) No
🎮 Demo Account Yes Available
💱 Spread: No, (brokerage commission – from $0)
🔧 Instruments: Cryptocurrencies, stocks, bonds, futures, options, mutual funds, ETFs, IPOs
📋 Orders execution: Market Execution
☎ Customer Support: 24/5
📚 Education Provided

TradeStation is a company for trading stocks. It lets people trade stocks online and provides tools for trading. It’s for individuals, big traders, and people who invest. You can trade different things like stocks, ETFs, options, futures, crypto, bonds, and mutual funds. We checked and found out that it follows strict rules set by the US government. The US SEC, FINRA, and CFTC watch over it. It’s also part of the National Futures Association (NFA) and the Securities Investor Protection Corporation (SIPC).

TradeStation UK, which is called TradeStation International Ltd., is also regulated. The UK’s FCA watches over it. It helps people connect with other companies for trading through Interactive Brokers (U.K.) Limited. You can find more information on their website.

Overall, it is known for its good technology and platforms. It provides all kinds of traders with tools for analyzing and trading different things.

Fees and Commission

The firm charges different fees depending on what you’re trading. If you trade stocks, you pay standard commission rates. But if you trade options or futures, there are extra fees for contracts. Forex trading might include spreads and overnight interest charges. To find out exactly what fees apply to you, look at the fee schedule provided by TradeStation. This will help you understand how much trading your preferred assets and strategies will cost.

TradeStation uses a commission-based fee structure for trading. To know exactly what you’ll be charged, check out the detailed commission schedule from the broker. This will help you figure out the costs for your specific trading style.

Pros and Cons

TradeStation is a broker that has a good reputation in the investment industry. It offers several benefits, including a customizable trading platform with advanced tools and analytics. This platform helps traders execute orders quickly and efficiently, making it great for active traders and algorithmic strategies. TradeStation also provides access to a wide range of trading products, catering to different investor needs. Additionally, it’s popular as a Real Futures Trading broker in the USA.

However, there are some drawbacks to consider. The platform might be a bit complicated for beginners to learn. Some users find that its costs are higher compared to other brokers, which might not be suitable for those seeking more budget-friendly options.

Pros Cons
Regulated by SEC, FINRA, CFTC, and FCA Not suitable for beginner traders
No minimum deposit required No 24/7 customer support
Competitive trading conditions
Offers Stocks, Options, and Real Futures Trading
Direct Market Access
Provides a secure investing environment
Offers good learning materials
Advanced trading platforms

Security and Reliability

You can use two-factor authentication by using the Auth0 Guardian app, Google Authenticator app, or SMS text messaging. For mobile devices, you can log in using biometrics like your face or fingerprint. They provide extra insurance through Lloyd’s of London, called Securities Investor Protection Corporation (SIPC) insurance. This insurance covers up to $300 million for amounts beyond what SIPC covers in a liquidation. For each customer, the maximum coverage is $24.5 million, with a cash limit of $900,000 per account.

No significant data breaches were reported at any TradeStation location, according to the Identity Theft Research Center.

Market Instruments

TradeStation says it’s a platform where you can trade different things like stocks, futures, micro e-mini futures, and forex. They also have options and CFDs.

TradeStation Global gives traders many things to trade:

  • Stocks: You can trade stocks from major markets all over the world.
  • Futures: They offer leveraged futures trading. This can help you trade different things, like stocks, commodities, or currencies.
  • Micro E-mini Futures: TradeStation lets you trade smaller futures contracts from the Chicago Mercantile Exchange (CME). These are good for traders with smaller accounts.
  • Forex: You can trade currencies in the forex market using TradeStation. They have tools to help you analyze and trade in this big market.

Overall, TradeStation Global offers many different things to trade across different markets. This lets traders diversify their investments and reach their trading goals.

Account Types

The firm offers different types of accounts to meet the needs of traders. Traders can choose from Individual and Joint accounts, as well as Retirement accounts like IRAs, based on their financial goals and preferences. TradeStation also has specialized accounts for entities, such as corporations, providing a wide range of options to suit various trading styles and entities.

Deposits and Withdrawals

The broker gives you only one option to withdraw or deposit money into your trading account. You can use only bank transfers. These different options let you pick the way that works best for you and make it easy to add money to your TradeStation account. There isn’t a specific minimum amount you have to deposit to open a standard brokerage account with this broker. You can start with whatever amount you feel comfortable with.

Trading Platforms

TradeStation offers powerful trading platforms for traders. The desktop site has advanced charting tools, analysis options, and customization for trading various assets. The Web platform is accessible from any device through a browser. The TradeStation mobile app is for trading on the go, with a mobile app for essential trading functions.

Besides its main platforms, the broker offers special tools to improve trading. FuturesPlus is for futures traders, with advanced features for analyzing and executing futures contracts. But remember, there are data charges for Futures trading. TSCrypto is for cryptocurrency trading, providing tools for charting and analysis of digital assets.

Education

The broker wants to help traders learn and improve. They provide lots of educational stuff, like webinars, tutorials, and articles. These cover different topics, from basic platform stuff to advanced trading strategies. This focus on education helps users, whether they’re new or experienced, make smart choices and get the most out of the TradeStation platform.

Research

The platform has lots of technical research tools for trading platforms. We talked about them earlier in the assets and platform sections. You can get real-time market data, customize charts, and access decades of historical research. This helps users make and try out strategies with confidence.

Customer Support

The broker offers customer support 24/5 through phone, email, and live chat. They have a helpful team ready to answer questions and give advice quickly. TradeStation wants to make sure traders get the help they need for smooth trading. Also, the broker has a Client Center where users can manage their accounts easily. In the Client Center, users can check and change account info, see statements and trade confirmations, and make account changes.

Is TradeStation safe or a scam?

TradeStation is safe and not a scam. It’s a reliable stockbroker that follows strict rules set by the SEC, FINRA, CFTC, and FCA. These rules protect client assets and ensure low-risk trading. It is a legitimate and trustworthy company for traders who want to invest and manage their assets. It’s regulated by respected US financial authorities and the FCA in the UK. The company has a good reputation and integrity in the financial industry.

Moreover, it doesn’t offer services in offshore zones. This shows its commitment to operating within regulated jurisdictions and being transparent to investors.

TradeStation Licenses:

  • TradeStation Securities, Inc. – authorized by SEC & FINRA (USA) CRD#: 39473/SEC#: 8-48711
  • TradeStation Securities, Inc. – authorized by CFTC (USA) NFA ID 0307871
  • TradeStation Securities, Inc. – member of NFA & SIPC (USA)
  • TradeStation International Ltd. – authorized by FCA (UK) license no 445531

FAQs

Can you Short Sell on TradeStation?

Yes, TradeStation offers a platform for short selling real stocks. Visit our details article can I short sell on TradeStation.

I want to trade crypto, is it possible to do this with TradeStation?

We explored the topic in How to trade crypto with tradeStation.

Conclusion

In conclusion, TradeStation is a great trading platform known for its advanced technology, different types of products, and focus on teaching traders. It has strong tools for analysis and customization, offers many assets to trade, and has an easy-to-use interface. It’s good for all kinds of traders, whether they’re just starting out or they’re experienced. Also, they have special platforms for futures and cryptocurrencies, which makes them a good choice for people who want advanced and flexible trading. Overall, TradeStation offers a reliable place to trade, but it’s important to do your own research and see if their services fit what you need.