TradeStation is an online brokerage service, best known for its analysis software and electronic trading platform. It services primarily the institutional trader markets and active traders. It offers a robust investment platform that provides real-time trading, as well as the ability to automate, monitor and optimize trades, and the opportunity to create your own custom features.
The platform provides the ability to have both traditional broker accounts as well as individual retirement accounts (IRAs), and allows for trading of stocks, mutual funds, ETFs, bonds, foreign securities, options, futures and forex trades.
Based in Plantation, Florida, the company began operations in 1982, making it one of the better-established platforms available. It has been owned by Monex Group of Japan since 2011.
TradeStation Fees and Account Minimums
The minimum amount to open an account is $5,000, but the fee structure can go as high or low as your circumstances will allow.
Account fee. TradeStation charges a monthly fee of $99.95 to use the service. There are three exceptions to the fee:
1) High trading activity in the previous month:
2) A Forex account only entitles you to a free version of RadarScreen; limited to Forex symbols will be available and no account service fee is charged regardless of trading activity.
3) Accounts having a balance of $100,000 on the last day of the previous calendar month.
Stocks and ETF Pricing. TradeStation has two fee structures for trading individual stocks and ETFs:
You pay 1 cent per share, up to 500 shares, then .6 cents per share thereafter. On a trade of 1,000 shares you’d pay $8, based on 1 cent per share for the first 500 shares, or $5, plus the next 500 shares at .6 cents, or $3.
Options Pricing. Just as is the case with stocks and ETFs, TradeStation offers two pricing structures for options.
You pay $1 per contract — no base or ticket charge, minimum one contract (market or limit).
(Index Options incur an additional fee of 35 centers per contract.)
Futures Commissions and Fees. Once again, two pricing structures…
Unbundled Futures: Unbundled stock and ETF pricing coordinates with TradeStation’s commissions and flat fee offerings mentioned above. Standard exchange, regulatory, and overnight fees may apply.
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