TradeStation Review 2020 – What You Need to Know?
TradeStation is a popular broker with free ETFs and stock trading. It offers a streamlined web platform and a professional desktop platform. TradeStation has different commission structures with $ 0 fees for major pricing plans. It provides options and stock trading with advanced order types and direct market routing. TradeStation is a good option for all types of investors and asset classes.
|Instruments||Stocks, ETFs, options, mutual funds, cryptocurrency|
|Minimum deposit||$ 0|
|USD / EUR Broadcast||–|
|USD / GBP spread||–|
Key Findings of the TradeStation UAE Review:
- TradeStation has the most reliable desktop platforms in the industry. It ranks # 1 for mobile trading, futures trading, options trading, and professional trading.
- It offers plenty of trading tools with variations of web, desktop and mobile devices.
- There are no fees on ETFs, options and stock transactions. The broker-assisted trading fee is $ 50.
We recommend TradeStation to inexperienced traders because its Web Trader platform is user friendly and easy to understand.
TradeStation has reliable trading platforms with access to numerous asset classes and trading tools. TradeStation Web Trading is simple and recommended for beginners. We recommend the TradeStation Desktop platform because of its comprehensive trading and research tools.
TradeStation Web Trading
TradeStation Web Trading is user friendly and easy to learn. It gives traders access to powerful trading tools including analysis of stock charts, watch lists and active position checks. The TradeStation web platform does not sync with the desktop version.
TradeStation Office Tools
The desktop platform has great features. It comes with tools like custom filtering, ladder trading, and professional strategy testing. It’s a good choice for professional traders with real-time streaming watchlists.
It provides access to over 40 years of historical data to backtest your strategy. Advanced stock trading tools are available with this platform.
TradeStation’s mobile app has an excellent design, powerful features and is available on Android and iOS devices. It is ideal for novice and professional traders. This app offers a full day of trading with ladder trading and professional options trading support.
TradeStation’s mobile app has access to great charting tools. There are 43 indicators, a range of data and advanced charts.
TradeStation has a great app for futures options traders. FuturesPlus has professional tools to test and improve your strategies. The predefined builders, price visualization, expert analysis and risk management are the best in the business.
Fees and variances
TradeStation offers three pricing plans, and each plan offers a $ 0 trading fee, free market data, and no hidden monthly fees.
TS GO is the most popular tariff plan on TradeStation with an ETF and unlimited stock trades at $ 0. There is no minimum deposit fee. Futures contracts cost $ 0.85, while option contracts cost $ 0.50. TS GO works best on the web platform and incurs an additional charge of $ 10 for using this plan with the desktop platform.
TS Select has a minimum deposit fee of $ 2,000 and offers access to all TradeStation platforms. Stock trades cost $ 0, and futures have a trading fee of $ 1.50. Option trades cost $ 0.60 for each contract.
The Salutes program is unique and only available on TradeStation. Created for veterans, military personnel and first responders, the Salutes program offers 100% free ETFs, options trades and equity trades.
Summarizing TradeStation’s pricing system:
|Minimum deposit||$ 0.00|
|Stock trading fees (per trade)||$ 0.00|
|ETF Trading Fees||$ 0.00|
|Basic option fees||$ 0.00|
|Option fees per contract||$ 0.50|
|Mutual fund transaction fees||$ 14.95|
|Broker-assisted transaction fees||$ 50.00|
|ETF without commission||All|
In addition to this, you will need to know more about it.
Deposit and withdrawal
TradeStation offers three ways to fund accounts. Wire transfers have no limits or fees, and funds will be available within one business day. Check deposits are free of charge and are available to your account 3-5 days after deposit. An ACH transfer is available with a deposit limit of $ 50,000.
TradeStation offers various trading accounts for trading specific products. Users need an equity account for stocks, mutual funds, bonds, options, and ETFs. Term and term option accounts provide access to these assets. Cryptocurrency trading is available through the Crypto account.
Each type of account has its own fee structure:
- TradeStation charges an annual inactivity fee of $ 50 for accounts with an equity balance of less than $ 2,000.
- A fee of $ 35 is charged for all IRA accounts (Traditional IRA, Roth IRA, SEP IRA).
- Closing an IRA account incurs a fee of $ 50.
- An account transfer costs $ 125.
Regulation & Reputation
TradeStation is licensed by the Securities and Exchange Commission and the Financial Industry Regulatory Authority. It offers cutting edge trading technology with an emphasis on security.
Its mobile, desktop, and web platforms are user-friendly and well-structured. Each offers access to trusted and trusted payment methods. TradeStation uses standard encryption at all stages of the trading process.
TradeStation has excellent 24/7 customer support with live chat, email and phone. It is available in English on weekdays. The customer service team is well informed and responds quickly to different requests.
- Telephone support is available Monday to Friday 8:00 a.m. to 8:00 p.m.
- Technical support is available 24 hours a day from Sunday 3:30 p.m. to Friday 8:00 p.m.
- Institutional accounts have a separate hotline Monday through Friday 8:00 a.m. to 5:00 p.m. ET.
Research and education
Research and education at TradeStation is similar to that of the competition. It does not offer professional business research. Back-testing, option selection, and streaming of futures contracts help professional traders plan their trades.
TradeStation offers the YouCanTrade website, an independent education-focused platform. It is a great learning tool for new traders. It offers paid courses for novice traders with advanced learning material. The desktop platform has help guides and tutorials with useful information. Private training from professional traders costs $ 150 for a 60-minute one-on-one learning session.
TradeStation educational resources include:
- A simulation account
- Live events
- Educational articles
- Instructional Videos
TradeStation offers fundamental data ranging from earnings ratios to financials. These are available on the desktop trading platform, along with the news feed and market information. There is no fundamental research for stocks, income research, and mutual funds.
UAE and Dubai Tradestation
TradeStation is a US broker available to users in UAE and Dubai without any restrictions. Citizens of UAE and Dubai can open brokerage account with TradeStation in English. TradeStation does not have an office in the UAE and Dubai. Support for these users is available by email and phone.
Does TradeStation offer cryptocurrency?
TradeStation Crypto offers access to Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple. Products and markets are similar across all of their platforms. Cryptocurrency trading is only available with a Crypto account.
What is the coverage of the non-US market?
TradeStation provides access to all US stocks, but its coverage of the non-US market is limited. CFDs and forex are not available.
What is the average time for approval of accounts?
Creating an account with TradeStation is quick and easy. Account approval takes place within two business days.
TradeStation is a recommended online broker for active and futures trading. It offers low cost trading solutions, valuable tools and a solid trading platform. Advanced investors pay a monthly fee of $ 10 to access the TradeStation desktop platform.
TradeStation’s platforms, low futures commissions, and trading tools are great for professional traders. TradeStation offers free ETFs, options and stock trading with the GO Account.
We recommend TradeStation for newbie investors.
We took the time to analyze and compare the top 30 international trading platforms in 2021. Each company received their review based on 105 separate variables and over 50,000 search words.
Keep in mind that the broker’s participation was optional. Each broker was given the opportunity to provide a detailed profile and offer sufficient time for an annual update meeting. This opportunity presented itself with two possibilities: to give information on the web or to live in person.
We have checked all the information provided by brokers with great attention to detail. Our goal was to provide you with access to reliable, precise and professional data. Our validation process comes with an error rate of less than 1% per year, as all the opinions we share are focused on quality, not quantity.
Any trade involves risk. Over 80% of investors lose in spread betting and CFD trading. As these complex instruments allow the use of leverage, there is a high risk of losing more money than you have deposited. Before you try to participate in spread betting and CFDs, determine if you understand them and if you can afford to lose money.