TradeStation
Highlights
- Cutting edge trading technology
- Lowest trading Costs
Description
Founded in 1982, TradeStation is US-based stock brokers. The broker is Considered safe as its parent company, the Monex Group is listed on the Tokyo stock exchange. The TradeStation is regulated by top-tier regulators, like the Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC). Additionally, The TradeStation’s long track record, reputation, and publicly disclosed financials are great signs for its safety.
Highlights
- Cutting edge trading technology
- Lowest trading Costs
- Best Market insights, education, and resources
Pros
- Best trading platform for web and mobile
- Lowest costs and fees
- Great learning tools
Cons
- Customer service is average
- Forex trading is not available
- Cannot open the account Instantly
Main Features
Country of Regulation: USA
Trading Fees: Low
Inactivity Fees: High
Minimum Deposit: $500
Products: Stocks, ETFs, IPO Trading, Futures, Options, Futures Options, Crypto, Mutual Funds, Bonds
Review
Fees
The TradeStation Brokers charges competitive fees according to the market but the non-trading fee is high. TradeStation has trading fees, financing fees, and non-trading fees.
A/C opening
The account opening process at TradeStation is fully digitalized and fast. The minimum deposit is $500. TradeStation offers a wide range of accounts based on products, ownership, and taxation, and Leverage.
The TradeStation account cannot be opened instantly, it takes 1-2 business days for account verification before that you have to go through a 5-step registration process.
Deposit & withdrawal
TradeStation provides 9 base currencies for all the accounts leaving equity accounts where only USD option is available.
TradeStations deposits are free of charge but the deposit options are limited as a bank transfer is the only deposit option. The withdrawal fees on TradeStation for US clients is $25 and for non-US clients, it is $35. For the money withdrawal, you have to visit the TradeStation’ Client portal and check the ‘Transfer Funds’ option. It usually takes 1 business day to withdraw money.
Trading Platform
The TradeStation trading platform has 2 step login and the interface is user-friendly. The trading platform is easy to use for beginners also. The TradeStation trading platform is customizable and the search function works well.
Research
TradeStation research quality is very good and has valuable fundamental data in their research. The platform provides news feed, Interactive charts, and trading ideas.
Customer service
You can connect with the TradeStation customer service for different queries through phone, email, IBot.
Education
At TradeStation, you get great learning tools that provide great educational material. You can read articles, watch videos, or use a demo account.
Safety
The broker is Considered safe as it is regulated by top-tier regulators, like the Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC).