TradeStation International Review 2019

Regulated By:CFTC, FCA, NFA, SEC

Foundation Year:1982

Headquarters:8050 SW 10th Street, Plantation, 33324

Min Deposit:$500

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TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.

TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.

  • TradeStation Analytics – This package includes access to the desktop platform, RadarScreen, and OptionStation Pro without a brokerage account. It also includes access to TradeStation real-time market data. This is most useful for professional or institutional traders looking to get better access to more data.

TradeStation understands the need for speed when it comes to your trading activity, and relies on high-speed data and trade execution infrastructure technology.

Types of Trades

“You can enter everything from a regular market order to a complete options or futures trading strategy. Frequent and large-order traders can all find what they need at TradeStation.”

This brokerage lets you do a lot more than simple market orders. It puts tons of options including advanced and automated trade strategies. In this section, we’ll get into the details of what that means at TradeStation.

Most traders will use one of these common order types:

Market – The most basic order, a market order, is simply a trade executed at the current market price.

Limit – Set a specific maximum or minimum price for a security and the trade will complete only when it can get a rate above or below your entered limits.

Stop market – A stop market order is designed to sell automatically when the market reaches a stop price. When that price hits, the stop market order executes at the current market rate.

Stop limit –  A hybrid of the two trades above, a stop limit executes when both the market reaches a specific stop price and the limit order can execute at your specified price or better.

You can use these trades with buy, sell, sell short, buy to cover, and other order actions. Here are some of the advanced order types you can enter, listed by asset type. If you don’t know what these mean, you can learn more about them on TradeStation education resource (more on that below). But in reality, if you don’t understand these advanced trades you should probably stick to the more common trades above.

  • Equities – Activation rules, non-display, trailing stop, if touched, show only, ECN sweep, discretionary, buy on/sell on, and peg orders.
  • Options – Activation rules, all or none, trailing stop, and if touched orders.
  • Futures – Activation rules, trailing stop, if touched, and show only orders.
  • Forex – Activation rules, trailing stop, if touched, show only, peg, and all or none orders.

Automated trading is very high risk and only recommended for expert traders with money to lose.

Costs and Fees

“Pricing and fees at TradeStation are reasonable for traders who maintain a $2,000 minimum balance or place at least 5 trades per year. The most beneficial pricing plans target high frequency and high volume traders.”

The most common costs and fees you’ll run into at TradeStation put it clearly in the discount brokerage category. Stock trades are $5 each, options are $5 per trade + .50 cents per contract, and futures trades cost $1.50 per contract per side. Mutual fund trades are $14.95 each from 56 different fund families. Bonds cost $14.95 per trade + $5 per bond.

Security Type Standard Trading Fee
Stocks $5 per trade
Options $5 per trade + .50 cents per contract
Futures $1.50 per contract per side
Mutual Funds $14.95
Bonds $14.95 + $5 per bond

Beware, however, of large inactivity and low balance fees. If you don’t maintain at least a $2,000 average end-of-month balance or make at least five trades per year, you’ll pay a $50 annual account fee. Futures and unbundled pricing accounts charge a steep $99.95 per month fee unless you maintain an end-of-month equity balance of at least $100,000, trade at least 5,000 shares, or trade at least 50 options contracts or 10 round-turn futures or futures options contracts in the preceding month.

If you are a very high volume trader, tiered pricing, per-share pricing, and unbundled pricing plans are also available.

For per-share trading, for example, you can trade at a cost of 1 cent per share. This helps if you trade frequently in small blocks. Unbundled pricing is best for high volume traders and starts at .002 cents per share.

Security Type Special Pricing
Stocks – Per Share Pricing $0.01 per share
Stocks – Unbundled $0.002 per share
Futures – Per Contract Pricing $1 per contract
Futures+ Platform $1.50 per contract per side

Futures offer a $1 per contract plan for per-contract pricing, which also makes the most sense for more trades with small lots. You can also access the Futures+ platform for $1.50 per contract per side.

Bonuses and Promotions

Never sign up for a new brokerage account without first checking for bonuses and promotions. TradeStation bonuses can change at any time. Here are the current promotions as of this writing:

December limited-time offer: Sign up and fund a new account to get a free Echo Dot, fleece jacket, or another free gift.

TradeStation IRA – New accounts get $4 trades, $4 per trade + .30 cents per contract for options, and .65 cents per contract for futures.

Fully Paid Lending Program (FPLP) – Lend out your excess securities or margin securities to other broker-dealers in a program where you get 50% of the income (split with TradeStation). This program is available to those with five years of trading experience or a total net worth of at least $75,000.

Active military, veterans, and first responders have access to the TradeStation Salutes program, which includes commission-free trading.

If you keep a lot of cash, you may also be interested in the interest sharing program. Equities accounts with $500,000 or more earn 0.55% interest and futures accounts with $250,000 or more earn 0.30% interest on average daily free cash balances.

Customer Support

“TradeStation support is easy to reach during business hours. It gets average-level reviews from customers. This platform is ideal for experienced traders.”

Customer support is easy to reach, with dedicated sales contacts for new accounts and extensive contact options for existing clients.

Client support is available by phone for trades, client services, technical support, and data integrity. You can also choose an online chat or enter information for support to call you during open hours.

For international customers, TradeStation offers dedicated customer support numbers for European countries and non-European countries by phone or email.

TradeStation typically gets average reviews for customer service. The most common frustrations come from issues getting the trading platform to work on user computers. If you are tech savvy and able to handle most of your trading through self-service options, you’re in the best position to have a positive experience at TradeStation. If you need a lot of hand-holding, you may be happier looking elsewhere.

Research and Education

“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 offers the most for traders that already know what they’re doing. If you can pull up a screen and customize a chart to show your favorite metrics and historic data, you’ll do great. But even if you have to climb the learning curve a bit, TradeStation does make some useful resources available.

You can go through a series of classes on both trading and trading technology through TradeStation University. This includes videos, articles, and live webinar events. TradeStation also offers a market insights blog.

This brokerage is lighter on the types of resources favored by long-term, passive investors. If you want all of the fundamentals and analyst ratings, you will find more with other brokerages. TradeStation is clearly focused on technicals and the active trading market.

Trading Experience

“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.”

If you didn’t catch it from all of the references above, TradeStation is best for advanced, experienced, and active traders. There are tools and resources to learn more about trading if you are a beginner, but TradeStation is really oriented toward the advanced and professional crowd.

In fact, the platform works well for both professional and institutional traders. That should be a sign that it isn’t ideal for beginners.

TradeStation International

“TradeStation’s platforms are available to international customers. Customers outside the United States may experience some differences from US-based accounts.”

For European clients, your TradeStation Global account comes from a partnership between TradeStation and Interactive Brokers, another top brokerage for active and expert traders.

The multi-currency accounts are available for clients, residing in EEA countries plus Russia, Israel and Egypt. These accounts support popular investments including US stocks, ETFs, ETPs, and Warrants, UK and EU stocks, and Euro and UK CFDs, Euro 50 Index CFDs.

For futures, international accounts support US futures and FOPs, Euro-denominated futures, and GBP-denominated futures. You can also trade US, EU, and UK options.

Unlike US accounts, international accounts do not have the same long history of daily data. There are no automated trades built in, though you can access them through an external programming tool. OptionStation Pro is not available outside the United States. Many of these features are under development or planned to be added in the future.

With a US account, you are unable to access European or global trading markets outside of EUREX.

The biggest current downside of the international accounts is that it is stuck on TradeStation 9.5 while the US has moved on to TradeStation 10. With patience, the platform should eventually show up for international users. European/global users also miss out on the long history of data for strategy backtesting, automated investing, OptionStation Pro, and a few other limitations that impact fewer users.

FAQ

  • Is TradeStation regulated?

In the US, the primary regulator of brokerages is the SEC, which covers TradeStation. FINRA is another regulatory body with oversight on TradeStation’s US activities. It is also regulated under FCA, CFTC, and NFA.

  • Where is TradeStation based?

TradeStation is based in Plantation, Florida, USA. It is owned by Japan-based Monex Group.

  • When was TradeStation founded?

The original company behind TradeStation goes back to 1982. The modern investment platform in the US was added to the company in 2001.

  • How does TradeStation make money?

TradeStation primarily makes money from trading commissions. It also charges some monthly service fees and offers access to some of its data and other platforms for a monthly subscription.

  • How do I deposit in TradeStation account?

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).

  • How do I withdraw money from TradeStation?

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.

  • How do I open an account with TradeStation?

The easiest way to open an account is at the TradeStation website. You will need personal information (or business information) including contact and tax ID to open your account.

  • Does TradeStation offer margin accounts?

Yes, TradeStation offers margin accounts with a minimum deposit of $2,000. This is a higher risk investment strategy and interest costs apply.

  • Are funds at TradeStation insured?

Funds at TradeStation US accounts are insured by the SIPC.

The Bottom Line

“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.”

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.

For beginner and passive investors, you can find lower costs and an experience more tailored to your needs at other large brokerages. TradeStation compares its trading platforms to a sports car on its website, and that may be a good analogy. Not everyone feels comfortable hopping behind the wheel of a high-performance vehicle, but it is great for some drivers.

The same is true at TradeStation. It’s not perfect for everyone, but it works great for high-performance traders that expect a lot from their brokerage and trading platform. TradeStation delivers well on both.

TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.

Top User Reviews

4.0(5)
TradeStation International Overall Rating
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Latest 5 user reviews sorted by highest rating
D
Deanna Harris
5/5
Reliability:
5/5
Reputable Broker

Knowing that this broker has been around for so many years gives me the confidence to deal with them.

R
Roy Boston
5/5
Reliability:
5/5
Sophisticated Trading Platform

Their trading platforms come with many advanced tools. Also it is easy to develop and customized trading strategies with the “Easy language” programming language.

V
Virginia S
4/5
Reliability:
4/5
Comprehensive Educational Section

Their educational library is one of the most equipped libraries that I have seen among brokers in the industry.

M
Mary T
4/5
Reliability:
4/5
Simple Fee Structure

It’s so easy to calculate the trading costs with their fee structure.

C
Charles Rico
3/5
Reliability:
3/5
Mucho por mejorar en el seguimiento de operativa

Es bueno como broker en cuanto a costos y planes, sin embargo la plataforma a desmejorado mucho, herramientas esenciales como el TadeManajer Analysis, no funcionan por lo que hacer seguimiento detallado de tu operativa no es posible, debes exportar la lista de ordenes ejecutadas a una hoja de cálculo para poder hacer el análisis.La ejecución de ordenes en Demo no es nada realista, solo con tocar el precio se llenan tus ordenes de inmediato, no sirve para simular intraday scalping, las mejoras de versiones nuevas se centran en detalles estéticos y de organización de menús y opciones, pero no solucionan los problemas de fondo existentes, el soporte a cliente es muy lento.

TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.

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TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.
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TradeStation International

TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.

TradeStation International Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has passport rights in the EEA (registration number 554431). TradeStation International Ltd acts as an introducing broker to TradeStation Group's affiliates and non-affiliates, such as Interactive Brokers (U.K) Limited. The material on this website is for information purposes only. Any reference on this Web site to TradeStation and its affiliated companies should not be construed as an offer or solicitation, directed to residents in jurisdictions where TradeStation or Interactive Brokers, by and through any of its affiliates, is not registered to do business. TradeStation International Ltd does not provide investment advice, trading advice, recommendations or strategic advice in respect of any security, group of securities, market segment or market. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Bitcoin futures, options and CFDs are leveraged products and can result in losses that exceed deposits; therefore, you should not invest or risk money that you cannot afford to lose. TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation Platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. Depending on the choice of account, the provision of brokerage and trading services to you is offered by TradeStation Securities, Inc, or Interactive Brokers (U.K) Ltd by means of the TradeStation Platform (or otherwise) and on such terms as you may agree with the respective broker-dealer. TradeStation International Ltd is not a party to any agreement that you may enter into with Interactive Brokers (U.K) Ltd for the provision of such services. We list educational workshops designed to demonstrate what we believe are the valuable benefits of using the TradeStation platform but do not endorse materials presented by third parties.