Tradestation Global International Stock Trading Made Easy

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Tradestation Global makes international stock trading surprisingly easy. With over 15,000 global markets available, you can trade almost anywhere in the world.

Their platform offers a range of trading tools and features that cater to both beginners and experienced traders.

From a user-friendly interface to advanced charting capabilities, Tradestation Global has got you covered.

Their extensive market coverage includes stocks, options, futures, forex, and more, giving you a broad range of investment opportunities.

Worth a look: Algo Trading Broker

Regulations and Compliance

TradeStation Global is based in the UK and is monitored by the Financial Conduct Authority (FCA), which has registered the firm under number 445531.

The FCA ensures that TradeStation Global operates within regulatory guidelines, giving clients peace of mind.

TradeStation Global also has an office in the UK, which is a physical presence that adds to the firm's credibility.

The Financial Industry Regulation Authority (FINRA) intervenes in the regulations of TradeStation Global, keeping a close eye on how the firm operates.

TradeStation Global is protected by the Securities Investor Protection Corporation (SIPC) scheme, which safeguards clients' capital in case the firm fails to meet its obligations.

For more insights, see: Tradestation Mobile App

Platforms and Tools

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TradeStation Global offers a range of platforms and tools to support traders in their journey.

TradeStation's charting and indicators are designed to be simple and practical, with a clean and well-designed layout. The platform offers 274 indicators/studies available, and clients can also share and sell their own indicators via the TradeStation TradingApp Store.

The TradeManager is TradeStation's only portfolio tool, displaying trade and account activity in real-time. Orders are logged to the TradeManager window on a real-time basis when TradeStation is open, and are color-coded for easy differentiation between order statuses.

TradeStation Global offers three different platforms for its clients to choose from. Each platform has several features that can prove to be very beneficial in the trading journey of the client.

The mobile applications developed by TradeStation Global allow clients to continue with their trading activity regardless of where they are. The app has received one of the highest ratings in both the Play Store and App Store.

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TradeStation's mobile app allows clients to trade stocks and cryptocurrencies, and informs them about their position in real-time. It also issues notifications to clients every time there is a change in the market.

The mobile app's design is good, with easy transitions from viewing your portfolio to sending orders. Clients can quickly access quotes, hot lists, and order matrix, making it easy to analyze and trade option spreads.

TradeStation's mobile app also allows clients to track their orders, positions, and balances, and provides various charts and indicators to make the analyzing process more efficient.

For another approach, see: Tradestation Minimum Deposit

Trading and Account Management

TradeStation Global's TradeManager tool displays trade and account activity in real-time, with orders color-coded for easy status tracking. You can quickly close positions and cancel orders from this window.

TradeManager Analysis is used to evaluate the performance of trades completed from one or more TradeStation accounts during a specified date range. This report provides information such as total net profit, total number of trades, and largest losing trade.

The TradeStation desktop platform offers advanced tools for designing, testing, and optimizing trading strategies, with a customization option to add a personal touch. It also features dynamic tools for scanning and analyzing the market, ensuring fast and reliable execution of trading activities.

Account Opening Process

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Opening an account with TradeStation Global can be a bit confusing, but don't worry, I've got you covered. The application process is surprisingly complex, with multiple steps and websites to navigate.

You'll first need to complete the TradeStation Global form to start your application, but be aware that you'll be redirected to Interactive Brokers' website to finish the process. Thankfully, TradeStation Global provides a 5-step summary on their website to help you stay on track.

To simplify things, let's break down the process into three main steps: completing the TradeStation Global form, creating an Interactive Brokers account, and receiving your account approval within 48 hours.

Here are the three things to do on the Interactive Brokers site:

1. Validate your email address by clicking on the verification email sent to you.

2. Select your account type and create a username and password.

3. Upload required documents, such as proof of identity and residency.

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If you're applying for an IBKR PRO account directly, you can skip the first step on TradeStation Global's website. And if you're a new client, you'll need to create a new account on TradeStation Global's website.

It's worth noting that opening an account with TradeStation can be a slow process, and customer feedback has highlighted that it can take time to complete.

Management and Historical

TradeStation offers a range of tools for managing and analyzing your trades, making it easier to track your performance and adjust your strategies.

TradeManager is a key feature that allows you to monitor and manage your trades in real-time, with color-coded order statuses that update in real-time. You can quickly close positions and cancel orders from the TradeManager window, as well as view your order history.

TradeManager Analysis is a powerful tool that enables you to evaluate the performance of your trades, including total net profit, total number of trades, and largest losing trade. You can filter the report to include or exclude specific symbols, and generate a summary report for further analysis.

Additional reading: World Risk Report 2024

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TradeStation's desktop platform has a built-in TradeManager tool that displays trade and account activity in real-time, making it easy to monitor your trades and adjust your strategies as needed.

The TradeStation Global platform also offers a demo account that allows you to practice trading in a risk-free environment, with access to historical databases of the financial markets and a trading simulator that incorporates as much reality as possible.

Here are some key features of TradeManager:

  • Real-time trade monitoring and management
  • Color-coded order statuses
  • Quick position closing and order cancellation
  • Order history view
  • TradeManager Analysis for evaluating trade performance
  • Filterable reports for specific symbols

Overall, TradeStation's management and historical tools provide a comprehensive platform for traders to track their performance, adjust their strategies, and make informed decisions about their trades.

Pricing & Plans

TradeStation Global offers a pricing plan that's relatively straightforward. You can expect to pay a flat fee of €72 per year, which is a great deal considering the comprehensive features and tools you'll have access to.

The company also offers a discount of 25% off the annual fee, which is a nice bonus. This brings the price down to €54. This is a great option for traders who plan to use the platform regularly.

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One thing to note is that the company charges a trading fee that differs depending on the asset class you're trading. For example, if you're trading US Stock, the fee is a minimum of 0.007 per share and $1.5 USD per order. This can add up quickly, so it's essential to factor this into your trading strategy.

Here's a breakdown of the trading fees for different asset classes:

It's worth noting that the trading fees for mutual funds are higher than those of its competitors, with a fee of $25 per trade activity. This can be a significant expense for frequent traders.

Overall, TradeStation Global's pricing plan is competitive and offers a range of features and tools to help you trade effectively. However, it's essential to carefully review the fees and charges to ensure you understand what you're paying for.

Market Access and Data

TradeStation Global offers extensive market access, including all major US stock exchanges, EuroNext indices, and commodities derivatives. This allows users to trade a wide range of instruments, including stocks, futures, and options.

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Users can access US stock exchanges, as well as trade futures on CBOT, CME, NYMEX, COMEX, CBOE, MGE, and ICE U.S. Additionally, cryptocurrency trading is available, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP.

The platform also offers direct market access and IPO access through the ClickIPO app, allowing clients to place conditional orders for shares directly in their accounts. Note the following key features:

Market Access:

TradeStation offers extensive market access to its clients, providing a wide range of trading opportunities.

You can trade stocks on all major US markets, including EuroNext indices and commodities derivatives. Futures trading is available on CBOT, CME, NYMEX, COMEX, CBOE, MGE, and ICE U.S. Options trading is limited to US stock exchanges.

The platform also offers access to bonds, including corporate and municipal bonds, with no commission fees for ETFs. You can trade futures options on CBOT, CME, NYMEX, COMEX, CBOE, MGE, and ICE U.S.

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TradeStation's ClickIPO app allows clients to access IPOs, placing conditional orders for shares directly in their accounts. Cryptocurrency trading is available, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP.

Here's a breakdown of the markets you can access with TradeStation:

TradeStation also offers direct market access and various account types, including individual, joint, and institutional accounts.

Data Speed

Data Speed is crucial for traders, and here's why: automated trading systems can run day after day without issues.

In fact, our experience with Tradestation 9.5 has shown that live data and historical data is accurate, and we've never had our servers freeze with multiple workspaces and charts open.

EasyLanguage is faster than Python when placing trades, which is a significant advantage for traders who want to make money without wasting time on complex coding exercises.

With EasyLanguage, you can create and test ideas quickly, allowing you to spend more time testing strategies and less time programming.

User Experience and Support

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TradeStation Global's user experience is a mixed bag. Some users find the charting to be a nightmare, with issues like being faulty, clumsy, and heavy, although they still use it for its API.

The platform's option analytics are comically bad, and running a stress test defaults to 3 sigmas, making it hard to see the risk curve. On the other hand, TradeStation has great charting, indicators, and a language of its own, which is reasonably decent for fills.

However, user experience is further marred by slow service and excessive wait times, often over an hour, when calling for support. The platform's tech support and trade desk staff are poorly informed and unhelpful, leading to crashes and freeze-ups.

Compatibility and Design

The mobile app of TradeStation Global is available for both iOS and Android users, making it convenient for clients to trade on the go.

TradeStation's mobile app offers a full day trading functionality, thanks to Matrix (ladder trading) and complex options trading support.

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The app has a robust charting feature, which includes everything a demanding trader could want, such as full chart type and date range flexibility, after-hours visibility, and 43 optional indicators.

Drawing tools are also available on the app, allowing you to draw trend lines to Fibonacci retracements on charts.

The mobile app allows for tracking of orders, positions, and balances, and also issues notifications to clients every time there is a change in the market.

TradeStation's mobile app has received one of the highest ratings in both the Play Store and App Store, indicating its popularity among users.

The app's design is well-done, with a clean and clear interface that makes it easy to transition from viewing your portfolio to sending orders.

Tradestation 9.5 workspaces are not compatible with Tradestation 10, which can be frustrating for users who have to switch between the two.

However, TradeStation is forming relationships with other brokers, such as Interactive Brokers, through International services like Tradestation Global, which can be a nice addition for users who already have IB accounts.

Speed and Performance

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TradeStation's performance is impressive, with low latency and better fills in live trading. This is a significant advantage for traders who rely on automated systems.

EasyLanguage is faster than Python when placing trades, making it a more efficient choice for trading. This means you can spend less time waiting for trades to execute and more time testing strategies.

TradeStation's platform stability has improved significantly, allowing automated systems to run efficiently over extended periods. This is a major improvement from previous versions, which could crash when handling large datasets.

The workstation for TradeStation 9.5 has been known to freeze with multiple workspaces and charts open, but this hasn't been an issue on our servers.

Customer Support & Learning

TradeStation offers a solid choice for market access, covering major US exchanges, EuroNext, Eurex, and various commodities and futures markets. However, it lacks access to Asian stock exchanges and the London Stock Exchange.

Market data and software costs are competitive, with free access to desktop and mobile platforms, although some fees apply for advanced features. User interface and technology are well-designed, with excellent charting and a wide range of indicators.

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The platform supports advanced day trading tools, live trading, and research, though it falls short in providing comprehensive fundamental analysis. While the mobile app is highly rated for its functionality and design, customer support and account services receive mixed reviews.

Customer support and account services are often cited for slow response times and complex processes. TradeStation excels in several areas but has notable limitations, making it a decent choice for traders with specific needs.

TradeStation University is available for learning, and there are plenty of learning resources on the TradeStation Market Insights.

Language

Tradestation's EasyLanguage is a full-featured programming language designed for traders, making it easier to learn than more complex programming languages.

EasyLanguage commands consist mostly of regular English words, which makes it user-friendly and accessible to traders of all levels.

However, EasyLanguage is "limited" compared to C#, but you can get around limitations and extend its capabilities via external DLLs.

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Tradestation has improved its capabilities since the introduction of Object-Oriented EasyLanguage, making it a more robust tool for traders.

Despite its limitations, EasyLanguage is an amazing tool for learning and can be used to automate systems and place orders directly to an Interactive Brokers account through Tradestation Global.

Backtests with a large amount of data can be slow and take a lot of memory, but tools like the sharedvar server can help expand functionality and make development more fluid.

Why for Malaysians?

TradeStation Global is an attractive option for Malaysians due to its global reach, offering access to 33+ countries, 135+ markets, and 23+ currencies.

Its low commissions make trading more affordable, and the zero recurring inactivity fees mean you won't be charged for not using the platform.

The minimum holding requirement is just $0, and there are no withdrawal fees for a single monthly withdrawal.

You can also fund your account using multiple currencies and sources, including 3rd party transfers like TransferWise.

TradeStation Global is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, providing a high level of investors' protection.

Security Measures

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TradeStation Global takes the security of its customers' funds very seriously. They maintain enough cash and cash equivalents in special reserve accounts to cover segregation reserve amounts at all times.

The company segregates client funds from its proprietary bank accounts, ensuring that customer funds are kept separate and secure. As of September 30, 2019, TradeStation had $602.7 million segregated in accordance with CFTC requirements.

TradeStation uses 256-bit TLS/SSL encryption and advanced firewalls to protect customer data. This robust encryption ensures that sensitive information remains safe from unauthorized access.

TradeStation constantly monitors customer accounts to detect suspicious activity. Clients are notified about significant changes made to their profile or account, such as login credentials or contact information.

All TradeStation customers are required to select unique usernames and strong passwords when opening a new account. This adds an extra layer of security to prevent unauthorized access.

TradeStation offers two-factor authentication and biometric login for mobile devices, enhancing security against fraudulent activities. This includes face or fingerprint login, providing an additional layer of protection.

The company uses the National Futures Association's (NFA) web-based WinJammer system to calculate and file the required segregation reserve amounts daily. This ensures that customer funds are always protected and secure.

Frequently Asked Questions

Is TradeStation Global legit?

TradeStation Global is a legitimate brokerage, backed by the reputable Interactive Brokers, a UK-regulated company with transparent financials. Its assets and cash are held securely by Interactive Brokers, ensuring a safe trading experience.

What is the difference between TradeStation Global and TradeStation?

TradeStation and TradeStation Global have different trading platforms, with TradeStation offering access to fewer markets and products, but similar research and education quality. TradeStation Global, on the other hand, provides a more comprehensive trading experience with access to a wider range of markets.

What is the minimum deposit for TradeStation international?

The minimum deposit at TradeStation Global is $0, making it an ideal choice for traders. No initial investment is required to get started.

Ginger Wolf

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Ginger Wolf is a meticulous and detail-oriented copy editor with a passion for refining written content. With a keen eye for grammar and syntax, Ginger has honed her skills in ensuring that articles are polished and error-free. Her expertise spans a range of topics, including personal finance and budgeting.

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