TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange. TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
|#||Broker's Features||TRADESTATION Availability|
|#||Accepts US traders||✔|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review TradeStation.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. TradeStation offers Online Financial Trading and Investment Services Such as N/A.
Tradable Products: TradeStation gives you access to a wide range of popular US securities. There are no commission-free mutual funds or ETFs. Through a futures account, you can trade in a range of currencies including Bitcoin.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. TradeStation is DMA.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. TradeStation recommended minimum capital is $0.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. TradeStation is regulated by CFTC, FCA, NFA, SEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. TradeStation offers USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, and JPY. different account currencies for each account types.
Account Openning: TradeStation offers a range of account types including individual and joint accounts, retirement accounts, custodial accounts, and business entity accounts. A stock and options account is most common. If you want to trade futures, you’ll need to open a second account, which is accessible on the same platforms. You need to supply your contact information and tax ID to get started. You can open and fund a new account online. Opening an account takes just a few minutes, but it can take a few days for funds to arrive in a new account.
TradeStation offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.
Languages Available: Next lets have a look at each broker's different Language options. TradeStation offers Languages:English.
Payment methods: Next lets have a look at each broker's payment options. TradeStation offers Bank Wire Transfer different payment methods for each account types.
Deposit and withdrawal: You can deposit to a TradeStation account via electronic funds transfer, check, or bank wire (all 3 options available for US clients, while international clients can transfer by wire only). You can withdraw from your account via electronic funds transfer or bank wire. You can easily transfer funds to or from your account when you log in online.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, TradeStation makes Proprietary available to clients.
Web & Desktop Trading Platforms: TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
Mobile Trading Platforms: TradeStation mobile platform is great. It is very user-friendly and well-designed. You will also find all important functions, like the price alert or order management features.
TradeStation offers less for new traders looking to get started, but traders who know what they want kind find a plethora of data and customized views once they get to know the trading platforms.
TradeStation support is easy to reach during business hours. It gets average-level reviews from customers. This platform is ideal for experienced traders.
Overall, TradeStation is a high-quality brokerage with competitive pricing for active and expert traders. This broker gives you all of the tools and very high-end platform that is sufficient for a professional trading operation at a small mutual fund, a private equity firm, or a family office. It offers plenty for traders to get excited about.
TradeStation offers fair pricing and advanced desktop and online trading tools. It is great for advanced and experienced traders, but may not be the most beginner friendly brokerage. If you are a passive buy-and-hold investor, stay aware of the $2,000 account minimum or you’ll pay a $50 annual account fee.
TradeStation is ideal for expert traders or those with some history of investing and trading. Beginners can learn at lot, but learning with real money can be very expensive.