Tradestation Regulated Broker Review and Analysis

Tradestation is a well-established online trading platform that offers a range of financial instruments, including forex, stocks, and commodities. It's regulated by top-tier authorities.

Tradestation is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). This ensures that traders have a high level of protection and confidence in the platform.

The platform is also regulated by the Financial Industry Regulatory Authority (FINRA) in the United States. This oversight helps maintain the integrity of the markets and ensures that Tradestation adheres to strict industry standards.

Tradestation's regulatory compliance is a significant advantage for traders, providing a safe and secure trading environment.

TradeStation was created in 1982 and initially focused on developing next-generation trading tools.

The company offered charting services and the ability to connect directly to brokers to execute trades across various markets.

TradeStation provided traders with backtesting capabilities as early as 1987, giving them a powerful tool to analyze and refine their trading strategies.

In 1989, TradeStation introduced a system language for customizing trades, allowing traders to take a more hands-on approach to their orders.

TradeStation launched its flagship platform in 1999, marking a significant milestone in the company's history.

The platform has continued to evolve, welcoming newer traders and investors with smaller account sizes while staying true to its core audience of high-volume traders.

TradeStation is known for its professional trading platform, which offers excellent order routing, backtesting, automation, and simulation features. This makes it a popular choice among high-volume traders.

The platform is also highly intuitive, considering its complexity, and allows customers to route their own orders. This level of control is a major advantage for traders who want to execute their trades efficiently.

One of the standout features of TradeStation is its competitive pricing. Most traders will be satisfied with the commission-free stock and ETF trading, even though options prices are still $0.60 per contract.

Here are some of the key pros and cons of using TradeStation:

TradeStation is also a member of SIPC, which provides an additional layer of security for traders. However, it's worth noting that commission-free trading is only available for US clients, and forex and CFD trading are not offered.

TradeStation's usability is a key aspect of its appeal, making it easy to get up and running on the platform. The account opening process can be completed in a single day, and the website is easy to navigate to learn about the company's products and their costs.

The platform offers multiple platforms, including a desktop version, a web-based platform, and a mobile app for iOS and Android. All platforms provide real-time news and streaming data, support drawing tools on charts, and allow the creation of custom watchlists.

TradeStation's trading experience is designed to be intuitive and easy to use, with a focus on flexibility and advanced tools. The platform is customizable, with a series of built-in apps that users can choose to utilize or not.

Some of the notable features of TradeStation's trading experience include the ability to link apps together, real-time data and news feeds, and trading and order management directly from charts or with keyboard shortcuts. The Matrix app allows for one-click limit orders, and the platform supports staging of orders for advanced users.

The mobile app is available for both iOS and Android phones, supporting trading in stocks, options, futures, and options on futures. It provides streaming quotes and news, as well as biometric screening by fingerprint or facial recognition.

TradeStation's trading tools include a simulator for risk-free trading simulations, Matrix for viewing and trading the market from a single window, and Chart Trading for intuitively placing and editing orders directly on a chart. The platform also offers a Quick Trade Bar for fast order entry, Basket Trading for placing trades for multiple symbols with a single click, and more.

Here are some of the key features of TradeStation's trading tools:

TradeStation's platform is designed to be user-friendly and intuitive, making it easy to navigate and use, even for beginners. The account opening process can be completed in a single day, and the website is easy to navigate to learn about the company's products and their costs.

The platform offers multiple platforms, including TradeStation 10, a web-based platform, and a mobile app for iOS and Android. All platforms provide real-time news and streaming data, support drawing tools on charts, and allow the creation of custom watchlists.

TradeStation's mobile app is available for both iOS and Android phones and supports trading in stocks, options, futures, and options on futures. The mobile app also provides streaming quotes and news by Benzinga and supports biometric screening by fingerprint or facial recognition.

The platform offers a range of features, including real-time data and news feeds, trading and order management, and customizable charting. The Matrix app allows for one-click limit orders that are fast and easy to use.

TradeStation's charting functionality is excellent, with many different technical studies available in real time. Traders can trade directly from charts on the desktop or mobile platform by moving the mouse on the background of a chart.

Some of the key features of TradeStation's platform include:

TradeStation's platform is designed to provide users with the tools and features they need to succeed in the markets. With its user-friendly interface and range of features, it's a great option for traders of all levels.

TradeStation offers a free app called Portfolio Maestro to assist clients with portfolio analysis. This third-party app is accessible directly from TradeStation and allows traders to backtest and analyze the performance of their trading strategies.

Individual stocks remain the top investment choice for many investors, with a recent survey showing that despite concerns about the election, inflation, and extended valuations, 75% of respondents would choose individual stocks if they had an extra $10,000 to spend.

The Portfolio Maestro app is a valuable tool for traders who want to optimize their portfolios and make informed investment decisions.

Return can be a bit tricky with TradeStation, but let's break it down. TradeStation doesn't charge commissions for the first 10,000 shares in an order for Equity, ETF, or OTCBB, or Penny Stock trades.

One thing to note is that TradeStation waives an inactivity fee of $50 on the TS Select and TS Go accounts, which is a nice perk. However, if you do need to withdraw your funds, be prepared for high withdrawal charges.

TradeStation's fee structure is quite competitive, with low stock and ETF expenses, as well as low trading fees. In fact, they offer various fee structure choices, so you can choose the one that suits you best.

TradeStation's bond fees are relatively low compared to other brokers we've looked at. They're actually better than what Interactive Brokers charges.

One notable aspect of TradeStation's bond fees is that they're lower than most other brokers we've compared. This can be a significant advantage for traders who frequently invest in bonds.

TradeStation has a complex cost structure, but it offers a hybrid approach that caters to customers who want to control their own order routing.

The company charges fees for services, which are on the high side compared to other online brokers. You'll need to pay extra for using the trading platform if you don't have a brokerage account with TradeStation or if your account is inactive.

There's a breakdown of the costs to trade various market vehicles at TradeStation:

Additionally, there are some miscellaneous fees to be aware of, including $25 for outgoing wires, $125 for outgoing account transfers, and $1.50 per contract for early assignment/early exercises, with a minimum of $5.95.

TradeStation's cost structure is more complicated than some other brokers, but it's mainly because it caters to customers who want control over their order routing. The company now has a hybrid approach to its cost structure.

TradeStation charges commissions for trading certain market vehicles, and the rates vary depending on the type of trade. For example, U.S. stocks, ETFs, and OTC stocks have a zero commission rate for up to 10,000 shares traded if the trading price is above $1.00 per share.

If you trade more than 10,000 shares under the TS SELECT plan, there's a commission of $0.005 per share, with no maximum. Shares trading below $1.00 per share and OTC shares generate a commission of $0.005 per share, with a minimum charge of $1.00 and a maximum charge of $50.

Some trades, like options, have a fixed commission rate. Options cost $0.60 per option for stocks and ETFs, and an additional $0.50 per contract is applied to all directly routed orders, as well as index options.

Here's a breakdown of the costs for various market vehicles at TradeStation:

TradeStation also charges miscellaneous fees, such as an outgoing wire fee of $25 and an outgoing account transfer fee of $125.

The minimum deposit required to start trading with TradeStation varies depending on the account type. For a cash account, it's a low $1, while a margin account requires a minimum of $2,000. Day-trading accounts need an initial deposit of $25,000, and futures portfolios require a minimum of $5,000.

If you're planning to open an account with TradeStation, you should know that there's no deposit fee, which is a great advantage. However, bank transfers are the only deposit option available, which might be a bit limiting.

Here's a breakdown of the minimum deposit requirements for different TradeStation accounts:

It's worth noting that US clients have the option to use ACH or checks for deposits, which can be a more convenient option.

TradeStation prioritizes the security and reliability of its platform, offering robust features to safeguard account holders' assets. Two-factor authentication is available, including biometric fingerprint or facial recognition for mobile apps, adding an extra layer of protection.

TradeStation goes beyond standard SIPC insurance protection, providing Lloyd's of London insurance that insures each account up to $24.5 million, subject to a $900,000 per account maximum for cash, with an aggregate firm limit of $200 million.

The platform also features account monitoring and alerts when changes are made to account profiles, allowing users to stay informed and take action if necessary. Encrypted communications and website, as well as advanced firewalls, further enhance the security of the platform.

Customer service from TradeStation is available in multiple ways, including live chat, email, phone support, and a Frequently Asked Questions (FAQ) section.

You can reach out to TradeStation's customer service team through live chat, which is available Monday to Friday from 8 a.m. to 5 p.m. ET, as well as through email and phone support during the same hours.

Phone support is available, but it's not available 24/7, which may be a drawback for some users.

The customer service application is only available in English, so if you're not fluent in English, you may face some challenges.

If you're looking for more immediate assistance, you can try reaching out to TradeStation's trading desk support, which is available for placing trades and inquiring about margin and positions.

Here's a summary of TradeStation's customer service options:

Keep in mind that wait times for live chat can be lengthy, so be patient if you're trying to get help through this channel.

TradeStation offers robust security features to protect your account. Two-factor authentication is available, including biometric fingerprint or facial recognition for mobile apps.

Lloyd's of London insurance provides additional protection, covering each account up to $24.5 million, with a maximum of $900,000 for cash and an aggregate firm limit of $200 million.

Account monitoring and alerts are also available, keeping you informed of any changes to your account profile. Encrypted communications and websites ensure your data remains secure.

Advanced firewalls are in place to prevent unauthorized access.

TradeStation's support is designed to be highly responsive, especially for active traders who need help navigating the platform's vast array of features.

TradeStation offers a comprehensive support system, ensuring that users get the help they need to make the most of the platform. The sheer volume of features, tools, and services can be overwhelming, but the support team is there to guide users through it.

TradeStation's support team is available to assist with any questions or concerns you may have, including navigating the platform's many features and tools. This is particularly useful for active traders who need to stay on top of their investments.

The platform's support team is dedicated to helping you improve your investment performance, providing you with the tools and resources you need to succeed. If you're an active trader, you may find that TradeStation's support is a key factor in your success.

TradeStation offers a variety of account types to suit different needs and preferences.

You can choose from individual, joint, and custodial accounts, as well as trusts, corporations, and entity accounts for businesses. Additionally, TradeStation supports retirement accounts, including traditional IRAs, Roth IRAs, SEP IRAs, and Simple IRAs.

TradeStation also provides accounts for specific financial instruments, such as equities, futures, and options. You can access stocks, ETFs, bonds, funds, and options through an equities account, while futures and options accounts are available for trading futures and options respectively.

Here is a list of the different account types available on TradeStation:

It's worth noting that day trading in a cash account is generally prohibited, but TradeStation allows day trading in a cash account with settled funds only, avoiding the free-riding prohibition.

TradeStation offers a variety of account types to suit different needs and preferences. You can choose from individual, joint, and entity accounts, among others.

TradeStation allows customers to open a broad range of accounts, including taxable and non-taxable accounts for individual users. Both cash and margin accounts are often available with these account options.

You can select from individual, joint, and entity accounts, as well as retirement accounts, and custodial accounts for minors. TradeStation also supports accounts for businesses, such as corporations, general partnerships, and limited liability companies.

Here are some of the account types available on TradeStation:

TradeStation also offers different account types based on the financial instruments you want to trade. For example, you can open an Equities Account for stocks, ETFs, bonds, and options.

You can only use bank transfers to deposit funds into your TradeStation account. There is no deposit fee, but bank transfers can take up to 15 business days for non-US citizens.

TradeStation supports bank transfers, ACH transfers, and wire transfers for US clients. US residents can also use checks to deposit funds. Non-US citizens can only use wire transfers.

Here are the details on deposit fees and options:

You can only make deposits from accounts registered under your name.

You can open an equities account with just USD, but futures accounts offer more flexibility with base currencies including USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, and JPY.

Opening a multi-currency bank account with a digital bank is a great way to avoid currency transfer fees, and it's surprisingly easy to do using your phone.

Funding your trading account in the same currency as your bank account or exchange money in the same currency as your trading account base currency means you won't have to pay a transfer charge.

Digital banks often deliver excellent currency exchange rates and free or low-cost foreign bank transfers, making them a convenient option for managing multiple currencies.

TradeStation's platform is a powerhouse for serious traders, offering a range of tools and features to help improve investing performance.

The platform includes a RadarScreen, which provides customizable market tracking and scanning capabilities, and Hot Lists that enable users to act on unusual activity in the market. The Scanner tool allows users to scan the entire market of stocks and ETFs in seconds, providing technical and fundamental analysis.

TradeStation also offers an OptionStation Search tool, which ranks options trading opportunities using multiple criteria, and an OptionStation Pro service that provides fast and intuitive options trading. The Portfolio Maestro feature enables users to integrate fundamental analysis into their portfolio strategies.

TradeStation's online trading site is user-friendly, with a secure authentication mechanism and a range of layout styles to choose from. The site also offers a personalized experience, allowing users to resize and move tabs with ease.

TradeStation's web platform is a user-friendly online trading site that offers a secure authentication mechanism and a full fee report. It's easy to use, making it accessible to both beginners and experts.

The platform provides a personalized experience, allowing you to choose from nine different layout styles or build your own. You can also resize and move tabs with ease.

One of the standout features of TradeStation's web platform is its two-step login option for added security. This feature requires you to download the Symantec VIP Access smartphone app to use it.

The search feature on TradeStation's web platform can be a bit tricky to find at first, but it functions well once you locate it. You can scan for items under the 'Quotes' tab instead of using the traditional magnifying glass search area.

TradeStation's order management functions work remarkably well, allowing you to search orders from professional to basic level. You can choose from a range of order types, including market, limit, stop, and trailing stop orders.

Here are some of the different order types available on TradeStation's web platform:

You can also choose from a number of different order terms, including day, good-til-canceled (GTC), good-til-day (GTD), immediate or cancel (IOC), fill or kill (FOK), at the opening, at the close, 1/3/5 minute, and more.

Unfortunately, TradeStation's web platform currently lacks price warnings, which would be a useful feature for traders. However, the platform is still a solid choice for those looking for a user-friendly online trading experience.

TradeStation offers some really powerful stock and ETF screening tools, including the Scanner app that can scan thousands of issues on over 175 technical and fundamental criteria.

The Scanner app is super fast and can provide traders with a wealth of information to make informed decisions. TradeStation's RadarScreen is another useful tool that sorts stocks and ETFs based on specific indicators of the user's choosing.

RadarScreen can provide alerts on hundreds of symbols at the same time, which is a huge time-saver for traders. TradeStation also makes a hotlist available, which shows traders technically significant issues such as breaking 52-week highs or lows, opening gaps, and volatility.

The hotlist is a great way to stay on top of market trends and identify potential trading opportunities. TradeStation's screeners for stocks and ETFs are very strong and can help traders make more informed decisions.

TradeStation has a significantly low ETF and stock commission, making it a great option for traders who want to save money. US residents can even take advantage of commission-free trading with the TS GO and TS Select Scheme.

TradeStation is regulated by top-tier US regulators, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This ensures that the company operates under strict guidelines and standards.

The parent corporation of TradeStation is publicly traded, which increases transparency and accountability. This means that investors and traders can easily access financial information and stay informed about the company's activities.

TradeStation offers investor protection, with eligible clients qualifying for up to $500,000 (cash up to $250,000) in the case of bankruptcy or other events. This protection is provided through the Securities Investor Protection Corporation (SIPC) insurance.

The company also uses two-factor authentication (2FA) and biometric login on mobile devices to ensure a secure trading environment. This adds an extra layer of protection for traders and investors.

Here are some key points about TradeStation's regulation:

Overall, TradeStation's regulation provides a high level of investor protection and security, making it a reliable choice for traders and investors.

TradeStation is a popular online brokerage firm that offers a range of trading services. It has a user-friendly interface and a robust trading platform.

TradeStation offers competitive pricing for its services, with a minimum deposit requirement of $0.00. This makes it accessible to traders of all levels.

TradeStation's trading fees are also relatively low, with a stock trade fee of $0.00 and an options trade fee of $0.25 per contract. This can help traders save money on their trading costs.

Here's a summary of TradeStation's key details, compared to other popular brokers:

TradeStation stands out among its competitors for its competitive pricing. It offers $0 minimum deposit, just like Interactive Brokers and Charles Schwab. This makes it an attractive option for those new to trading or on a tight budget.

TradeStation's stock trades are also very affordable, costing $0.00 per trade. This is the same as Interactive Brokers, but cheaper than Charles Schwab, which charges $0.00 per trade as well.

TradeStation's option fees are modest, with a flat fee of $14.95 for engaging or being assigned an option. This is a one-time fee, and there are no ongoing fees.

Here's a comparison of TradeStation with other popular brokers:

TradeStation also offers a sign-up bonus, which is a nice perk for new traders. However, not all brokers offer this incentive, so it's worth checking with each broker to see what's available.

TradeStation offers a robust research platform that provides comprehensive fundamental data and reliable reporting.

TradeStation employees have written guidelines for each asset class, giving users a solid foundation for their trading decisions.

TradeStation's desktop platform offers a dynamic map, trading suggestions, and fundamental data on assets. However, certain testing add-ons are not free.

TradeStation customers can create, test, and automate trading strategies for any trading idea. This feature is only available on the desktop platform.

TradeStation's research tools are powered by Yahoo, providing users with a wide range of information, from financial statements to earnings ratios.

TradeStation's news feed is high-quality and categorized by product and industry, making it easy to find relevant news. This feed is available on both the public TradeStation website and the trading platforms under the 'Market Insights' section.

TradeStation offers a variety of analysis add-ons created by both TradeStation and third-party developers. Some of these add-ons are free, while others require a monthly subscription.

TradeStation offers access to the most important futures markets in the United States, including the CBOT and ICEUS.

TradeStation's futures range is more extensive than its direct rival, tastyworks, but it trails Interactive Brokers, which offers global coverage.

Fees for futures contracts at TradeStation are modest, but not the lowest on the market, with micro E-Mini contract prices reviewed.