TradeStation general information
|Founded in:||1988 year|
|Minimum Deposit:||5000 $|
English, Arab, Spanish, Italian, Chinese, Deutsch, French, Czech
USD, EUR, JPY, GBP, AUD, CHF, CAD, HKD, SGD
FCA (United Kingdom) license №0307871
|Mobile trading:||iOS, Android, Windows Phone|
|Types of offered accounts:|
Demo accounts (with a time limit), STP accounts
TradeStation Forex broker description
TradeStation Brokers was established in 1982 to provide traders with the tools they require to trade successfully. For over 3 decades, the firm has been a leader in online brokerage for professional traders looking for comprehensive investments futures and options.
Catering for experienced and affluent investors, TradeStation Brokers has earned a huge reputation for offering professional-level services without compromising on the latest features. Actually, the company’s commitment to excellence is evidenced in its numerous accolades and awards, including a 15 years dominance of the Best Professional Platform category courtesy of Technical Analysis of Stocks and Commodities Magazine.
The platform takes applications and features formerly available only to real brokers and places them at the doorstep of traders, usually at a very low price. TradeStation is especially known for its professional electronic trading system for financial market clients, and for its electronic trading platform and analysis software. Clients actively engaged in futures, options, and stock trading can depend on TradeStation Brokers to meet their requirement.
There are different types of account offered by TradeStation Brokers. Although there are different, traders will do their trading on the same platform. These accounts include the following:
US Equities and Options Account
You can apply for this account and start trading as soon as you fund it. The required initial deposit is set at $2,000 for margin and $500 for cash. When you open this account, you will also access paper trading and be able to test strategies without risking your capital.
You can easily open a Futures Account and start trading when you deposit a minimum of $500. It offers you a straightforward setting that enables you to start trading immediately. Just the Equities and Options Account, you will also access paper trading when you open this account.
In reality, a Demo Account does not exist at TradeStation Brokers. Instead, you get virtual trading when you fund your account. With that said, the simulated account is quite awesome and will teach you a lot of things when it comes to trading. It is a good place to enhance your strategies.
Also, note that there are days when TradeStation Brokers offers a 60 days free trial period for this account. Therefore, traders should keep an eye on the firm’s website to enjoy the free session.
The Firm and Security of Funds
TradeStation was developed by two brothers Rafael and William Cruz. They brought the firm to life since they required a way to develop, evaluate, optimize, and automate their trading strategies.
The TradStation Group, Inc. is, in fact, the parent organization of the online futures and securities brokerage firm. It is located in Florida, however, the brokers are worldwide with offices in London, New York, Sydney, Costa Rica, Richardson, and Chicago.
Between 1997 to 2011, the TradeStation Group has listed as a Nasdaq Company. This was later changed when the Tokyo Stock Exchange-listed it as Monex Group after it was acquired.
When it comes to the security of fund, the Company demonstrated the need for regulation and trust by traders. Actually, this is one of the most trusted online brokers globally and is registered with SEC and has a great relationship with FIRA.
Traders can rest assured that their TradeStation Brokers accounts have sufficient protection in case of calamities such as failure and bankruptcy. This is because the firm is a registered member of SIPC (Securities Investor Protection Corporation), which guarantees up to $500,000 compensation, including $250,000 in cash.
Trading Conditions and Platforms
Originally, TradeStation Brokers targeted high-end traders setting the minimum deposit at $5,000. Over the years, this has changed and today you can open a stock-trading account with a deposit of $500, Futures Account for $5,000, and $2,000 for Options trading. Equity and Options pattern day trader needs to deposit a minimum of $30,000 to start trading. While that might seem high, you will get the latest trading tools for your deposit.
Go for a margin account and you will essentially borrow fund from TradeStation to improve your buying power (position size). While trading on leverage can assist you to increase your profit, you also need to know that there are shortcomings. For instance, there is a high chance of margin calls and making higher losses than the investment. Leverage will depend on the account type and the instrument you want to trade in, check the official website for more details.
Spreads and Commissions
TradeStation Brokers charges direct rates when you compare to other brokers. For instance, the firm uses three different structures for its equities, which are unbundled, flat fee, and per share.
For options, the firm uses a flat fee and per share. However, the most common pricing is the former. Equity trades will go for $5 while options will fetch $5 plus $0.5 fee.
TradeStation Brokers provides two platforms: Web Trading and TradeStation 10. Web Trading is a browser-based platform that is designed for traders looking for simplicity. It is easy to use and offers high-level traders a way to manage active positions, watch list, open orders, trades, and stock chart analysis.
TradeStation 10 or New TradeStation is the firm’s flagship product and is a desktop platform. From graphics to menus to colors, everything is detailed about this platform that was released in 2017.
The only promotion that TradeStation Brokers provide is the Fully Paid Lending program, which an easy way to enhance your equities account balance. Opt into this program and you might enjoy fully paid positions or even excess-margin securities to other dealer-brokers so their clients can satisfy other position and stock requirements. You will get a 50% of the earning that TradeStation receives by lending out the shares.
Briefly about TradeStation Brokers
TradeStation Broker is among the best direct brokers online today. Users rate this company highly and prefer it to other brokers. So, if you want a broker that will take care of your fund, then you need to try this company. It is reputable and your funds are secure since it has a great cover.
Trading accounts of TradeStation
- Individual Account
|Minimum Deposit :||5000 $|
|Deposit currency :|
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
HKD - Hong Kong Dollar
SGD - Singapore Dollar
Entry to stock exchanges
Minimum position size:
Contacts of TradeStation
Recent customer reviews of TradeStation
Comment: I will advice any trader to be careful when choosing a broker to invest with by always making sure they are regulated. I invested with a broker that made withdrawal impossible and there was nothing i could do until i contacted the agent Mr Bart Kasch who helped me recover my money. It felt satisfying to finally have my investment back, you can reach him at BartKasch AT Affiliaterecovery DOT com if you need help
Advantages: Got my money back
Comment: Simply put if you don’t have the time or the experience to file a claim and pursue the entire case against your fake forex or binary broker yourself, try outsourcing it to a specialist company who will use their knowledge, expertise and its processes to recover your money. A company with a good level of success in recovering funds from binary brokers is OXOMARSECURITY,ORG They have specialists who deal exclusively with fraudulent transactions made by binary brokers. Based on experience they know how to proceed with a claim and what is most effective approach. I have hired them as well and they did not disappoint me. Hats off
Advantages: Too many scammers
Disadvantages: Too many scammers
Comment: Scammers have ruined the forex trading market and this company is one of them. They have deceived many people with their fake promises on high returns. I learnt my lesson the hard way. I only pity people who still consider investing with them. Please try and make your researches, you will definitely come across better and reliable forex trading agencies that would help you yield profit and not ripping off your money. Also, if your money has been ripped-off by these scammers, you can report to a regulated crypto investigative unit who make use of software to get money back (fightingscams at aol dot com). He is a recovery expert and a very professional one at that.