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TradeStation

Highlights

  • Cutting edge trading technology
  • Lowest trading Costs
Fee

Low

Account Minimum

Low

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.

Queries

Contact Number

New Accounts

Retail

Phone no.  -  800 770 4049 (or) 954 652 7677 

Email   -   sales@tradeStation.com


Institutional

Phone no.  -  800 579 7616 (or) 954 652 7940

Email   -   institutionalsales@tradeStation.com



Client Support

Phone no. - 800 822 0512 (or) 954 652 7900

International 

New accounts

European Countries (Toll-free): 00800 242 78190

Non-European Countries (Country Code 001): 954 652 7677

Email   -   TradeStation-international.com



Client Support

European Countries (Toll-free): 00800 777 76543

Non-European Countries (Country Code 001): 954 652 7900

Email   -   international@TradeStation.com

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).