TradeStation is one of the most popular US-based brokers offering trading services across diverse markets, including stocks, futures, ETFs, cryptocurrencies, options, and more.
- Excellent trading tools for technical and fundamental analysis
- Easy-to-use and intuitive design mobile and web platforms
- Quality learning resources, including a demo account
- Fast in executing trades
- No forex trading
- Support service operates on weekdays only
- Transactions, whether deposits or withdrawals, attract fees
With its belief to help traders develop their trading skills, TradeStation hosts many trading tools. The broker is also regulated across various jurisdictions and has its platforms secured with 2-factor login procedures.
TradeStation – Who Are They?
Founded in 1982, TradeStation is a subsidiary of Monex Group Inc, offering trading services on stocks, cryptocurrencies, futures, options, ETFs, and more. This US-based pioneer broker is regulated across various jurisdictions including in the US by the Securities and Exchange Commission and in the UK by the Financial Conduct Authority (FCA). It is also secured with a two-step login procedure — a clear indication that your trading funds and data will be safe.
TradeStation has an excellent trading platform loaded with adequate resources to maximise every trader’s potential. Other than the web platform, it also offers a reliable and user-friendly mobile app to keep you trading on the move. What’s more, the broker has dedicated customer service to help in managing any arising trading issues. However, you can only contact them during weekdays.
When it comes to TradeStation’s pricing plan, the broker offers commission-free trading on equities, futures, and options. Trading other securities also attract low fees. Keep in mind that TradeStation hosts various account types to choose from based on your trading needs experience level. They include individual, IRA, joint, institutional, custodial, and entity accounts. There is no minimum deposit TS GO pricing plan, but you will pay at least £2,000 should you opt for the TS Select.
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Commissions and Fees
| Type | Fee |
|---|---|
| Minimum deposit | £0 |
| Withdrawal fee | £0 |
| Deposit fee | £0 |
| Inactivity fee | $50 per year |
| Overnight fee | Yes |
| Return mail fee | $5 per item |
Our Opinion About TradeStation
The fact that TradeStation has managed to remain popular throughout the years since its establishment in 1982 is just impressive. This shows how reliable and trustworthy it is, and if you have doubts about trading with the broker, you should reconsider.
TradeStation’s quality research resources continue to attract investors looking for advanced tools. We also recommend it to newbies since they will significantly benefit from the impeccable learning materials. These include guides, support forums, and trading coaches to guide you until you become fully familiar with the platform. Additionally, there is a simulator or demo account for practising and developing your skills before you start to invest real money.
We were disappointed that TradeStation doesn’t offer forex trading, and it charges fees for deposits and withdrawals. However, we soon expect some improvements with the broker, especially since it recently announced its plan to go public by joining forces with the Quantum Fintech Acquisition Corporation (QFTA).
FAQs
TradeStation does not have a monthly fee for its clients. However, traders who want to subscribe to its trading tools will pay a monthly fee starting from £99. If you are a registered trader with TradeStation, note that the broker has no minimum deposit requirement and offers commission-free trading services.
TradeStation is a well-established online brokerage firm that has been around since 1982. The company is regulated by multiple global authorities, including NFA and FINRA. Additionally, TradeStation has a range of security measures to protect user data and assets, such as two-factor authentication and SSL encryption.
Absolutely. We recommend TradeStation to beginners since it offers a range of educational resources and tools to help users learn about trading and investing. The platform also has a user-friendly interface and a range of customisation options, which can be helpful for new traders.
Yes. You can trust TradeStation since it is a globally recognised broker with regulations from top-tier authorities. Moreover, the broker has no hacking history and has gained numerous testimonials from Google Play, the App Store, and Trustpilot.
TradeStation is primarily available to users in the United States, although it does have some international support for traders in select countries, including the UK, Australia, Canada, and more. It’s essential to check with TradeStation directly to see if the platform is available in your country and what restrictions may apply.
I like this broker! The possibility to trade with my mobile phone is the only advantage I have with TradeStation. Because of their mobile app, this broker allows me to trade on the go.
This company is very profitable and I noticed that there is no issue of withdrawing. I enjoy the instant payment. I really recommend it!
This is an excellent brokerage for mature traders. They offer good investment tools and great opportunities to make short-term or long-term investments. Their platform is perfect for my needs.
Trade station is the best trading platform out there, bar none, and with this app, you’ll never need to be disconnected from your training activities. Besides, they have a lot of learning materials that will help you to trade.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal