TradeStation is an online broker that caters to active traders and investors. The company offers a wide range of products including stocks, options, futures, ETFs, mutual funds, and more. They offer competitive pricing for their services with low commissions and no account minimum requirements. Additionally, TradeStation provides access to powerful trading platforms as well as educational resources to help customers make informed decisions about their investments. With over 20 years of experience in the industry, TradeStation continues to be a great choice for both experienced traders and new investors alike.
TradeStation Features
- Trading Platforms – TradeStation offers customers access to their proprietary platform along with the popular MetaTrader 4 platform.
- Research and Education – TradeStation provides access to research and educational materials, including market analysis and trading strategies, to help customers make informed decisions about their investments.
- Options Trading – TradeStation also offers options trading with low commissions and competitive pricing for complex options trades.
- Mutual Funds – TradeStation has a wide selection of mutual funds available for customers to choose from with no transaction fees or account minimums required.
- Customer Support – The company provides customer support in multiple languages around the clock via email, phone, or live chat depending on your preference.
Trading Platforms Supported by TradeStation
TradeStation offers users a range of trading platforms to choose from, including a web-based platform, a desktop platform, and a mobile app, allowing for flexible and customized trading experiences.
WebTrader
TradeStation’s WebTrader is a browser-based platform that is accessible on any internet-connected device with no software downloads required. It provides real-time streaming data and advanced charting tools that can be customized to suit a trader’s specific needs. The WebTrader platform is user-friendly and designed to help traders make well-informed trading decisions with ease.
Desktop Platform
The TradeStation desktop platform is designed for advanced traders who require access to a comprehensive suite of trading tools and features. The platform allows users to trade a range of assets, including stocks, options, futures, and cryptocurrencies. It provides advanced charting tools and analysis, automated trading capabilities, and a range of order types to suit various trading needs.
Mobile App
TradeStation’s mobile app is available for both iOS and Android devices, offering users the convenience of trading on the go. The app provides real-time streaming data, customizable charting tools, and a range of order types. It also offers a biometric login feature that ensures secure access to the user’s account.
Charting and Technical Analysis Tools Offered in TradeStation
TradeStation offers advanced charting and technical analysis tools to help traders identify potential trading opportunities and make informed trading decisions. Here are some of the key features:
- Customizable Charts: TradeStation provides a wide range of customizable charting tools, with more than 100 technical indicators and drawing tools. Traders can create highly personalized charts to help them identify potential trading opportunities.
- Real-Time Data: The platform provides real-time streaming data for a range of markets to ensure that traders have access to up-to-the-minute information and insights.
- Filtering Capabilities: TradeStation’s filtering capabilities allow users to sort and analyze data based on a range of criteria, helping them to identify potential trading opportunities more efficiently.
- Backtesting Tools: The platform also offers backtesting tools to help traders test their trading strategies using historical market data. This feature allows traders to optimize their trading strategies before executing trades with real money.
- Alerts: TradeStation provides customizable alerts that notify traders of significant events and price movements in the market.
Cost Structure of Trading with TradeStation
TradeStation offers competitive pricing and an understandable fee structure to its users.
Commission and Fee Structure
TradeStation offers two commission plans: TS Select and TS Go. TS Select offers commission-free trades for stocks and ETFs, with a charge of $0.60 per option contract. TS Go offers a flat commission of $0.09 per share for stocks, with a charge of $0.60 per option contract.
For futures, TradeStation charges $1.50 per contract, per side, with exchange and NFA fees included. There are also fees for real-time data and market access, which depend on the exchange and market data subscription.
For cryptocurrencies, TradeStation charges $0.005 per share, with a minimum of $1.00 per trade.
Margin Rates
TradeStation offers competitive margin rates for different account sizes. The rates vary between 4.00% to 5.75%, depending on the number of loans taken and the account value.