TradeStation Review – Your Guide To The Multi-Award Winner

TradeStation Review – Your Guide To The Multi-Award Winner

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SUMMARY

TradeStation is a US-based online brokerage firm that provides trading services and advanced trading technology to active and professional traders. The company offers a variety of investment products, including stocks, options, futures, and cryptocurrencies, through its proprietary trading platform, TradeStation Platform.

TradeStation's platform is known for its advanced charting capabilities, backtesting tools, and customization options, making it a popular choice among active traders who require a high level of flexibility and control in their trading strategies. The platform also offers a range of educational resources and market analysis tools to help traders make informed trading decisions.

In addition to its trading platform, TradeStation offers a mobile app for on-the-go trading and a web-based platform for clients who prefer not to download software. The company charges commissions and fees based on the products and services used, and offers several pricing plans to accommodate traders with different trading styles and needs.

Overall, TradeStation is a well-regarded brokerage firm that caters to active and professional traders who demand advanced trading tools and technology.

Best Online Broker for Active Trading

  • Best for: Options and Day Trading
  • Founded: 1982 in USA
  • HQ: HQ in Plantation, Florida, USA
  • Regulated Countries: SEC and FINRA (U.S.), SFC (Hong Kong), MAS (Singapore), FCA (U.K), IIROC (Canada)
  • Trust Factors: Regulatory – Reputation – Customer Support – Security
  • Minimum deposit: $0
  • No of customers: +170'000 (October 2021)
  • Available Instruments: (Total): +30,000

When it comes to investing, there are a lot of options out there. But if you're looking for a reliable investment firm with a good reputation, Fidelity is definitely worth considering. In this review, we'll take a close look at what Fidelity has to offer and whether or not it's worth your money.

9.5Expert
Expert Opinion
Place here Description for your reviewbox
Overall
8.5
Trust Score / Security
10
Account Opening
9
Instruments Available
9
Deposits / Withdrawals
9.5
Fees
8.5
Trading Platform
9.5
Mobile App
8
Customer Support
9.5
Education
8
Pros
  • Advanced Trading Technology
  • Diverse Range of Markets
  • Low Fees and Commissions
  • Comprehensive Education and Analysis Tools
  • Reliable Customer Support
Cons
  • High Minimum Deposit
  • Limited Mobile App
  • Steep Learning Curve
  • Limited Research and Analysis

TradeStation is an online brokerage firm that offers advanced trading technology, diverse range of markets, low fees and commissions, comprehensive education and analysis tools, and reliable customer support. It was founded in 1982 and is headquartered in Plantation, Florida.

TradeStation's trading platform is known for its advanced features, including powerful charting tools, backtesting capabilities, and customizable automated trading strategies. The platform allows traders and investors to trade a wide range of financial instruments, including equities, options, futures, cryptocurrencies, mutual funds, bonds, and ETFs. TradeStation's desktop and web-based trading platforms are available for free, with no software fees or data fees, and offer low commissions on trades.

TradeStation's platform also offers a range of educational resources and market analysis tools to help traders make informed trading decisions. The platform's Education Center offers articles, videos, webinars, and other resources to help traders learn about trading strategies, risk management, and other important trading concepts. Additionally, TradeStation offers a variety of market analysis tools, including real-time market data, market scanners, and heat maps, to help traders identify potential trading opportunities.

TradeStation's customer support is also highly regarded, with comprehensive support available through live chat, phone, and email. TradeStation also offers a variety of customer service resources, including a knowledge base, FAQs, and a community forum, to help traders get answers to their questions and connect with other traders.

In terms of potential drawbacks, TradeStation does require a higher minimum deposit than some other online brokers, with a minimum of $2,000 for its desktop platform and TradeStation Global accounts. Additionally, the platform's advanced trading technology may require a steep learning curve for beginners to understand and utilize effectively. The mobile app may also be less robust and user-friendly compared to the desktop platform.

Investing-Compare.ai reviews are written by a team of professionals with between 10-30 years of experience each, in addition to thousands of data points. Read about our methods here.

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Overall, TradeStation is a highly regarded online brokerage firm that offers a wide range of trading instruments, advanced trading technology, low fees and commissions, comprehensive education and analysis tools, and reliable customer support.

9.5

Trade with eToro SINCE 2007

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Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Introduction to TradeStation

95/100

TradeStation is an online brokerage firm that provides traders and investors with advanced trading technology and a wide range of financial instruments to trade. The company was founded in 1982 and is headquartered in Plantation, Florida.

TradeStation offers a variety of trading platforms, including desktop, web, and mobile, that are known for their advanced features and powerful tools. The platforms offer real-time market data, charting and analysis tools, customizable automated trading strategies, and a range of order types to help traders execute trades quickly and efficiently.

In terms of financial instruments, TradeStation offers access to a diverse range of markets, including equities, options, futures, cryptocurrencies, mutual funds, bonds, and ETFs. This allows traders and investors to build diversified portfolios and trade across multiple asset classes.

TradeStation also offers a range of educational resources and market analysis tools to help traders make informed trading decisions. The platform's Education Center offers articles, videos, webinars, and other resources to help traders learn about trading strategies, risk management, and other important trading concepts. Additionally, TradeStation offers a variety of market analysis tools, including real-time market data, market scanners, and heat maps, to help traders identify potential trading opportunities.

TradeStation is a regulated broker in several countries, including the United States, United Kingdom, and Australia, and is committed to providing reliable and transparent services to its customers. The company's customer support is also highly regarded, with comprehensive support available through live chat, phone, and email.

Overall, TradeStation is a well-established and reputable online brokerage firm that offers advanced trading technology, a wide range of financial instruments, comprehensive education and analysis tools, and reliable customer support to help traders and investors succeed in the financial markets.

Credit to: www.tradestation.com

Why Fidelity?

There are several reasons why a trader or investor may choose TradeStation as their online brokerage firm:

  1. Advanced trading technology: TradeStation's trading platforms offer advanced features, powerful charting and analysis tools, customizable automated trading strategies, and a range of order types to help traders execute trades quickly and efficiently.
  2. Diverse range of markets: TradeStation offers access to a wide range of financial instruments, including equities, options, futures, cryptocurrencies, mutual funds, bonds, and ETFs. This allows traders and investors to build diversified portfolios and trade across multiple asset classes.
  3. Low fees and commissions: TradeStation's commissions and fees are competitive, with low commissions on trades and no software fees or data fees for its desktop and web-based trading platforms.
  4. Comprehensive education and analysis tools: TradeStation offers a variety of educational resources and market analysis tools to help traders make informed trading decisions, including real-time market data, market scanners, heat maps, and a variety of educational resources.
  5. Reliable customer support: TradeStation offers comprehensive support through live chat, phone, and email, as well as a knowledge base, FAQs, and a community forum to help traders get answers to their questions and connect with other traders.

Credit to: www.tradestation.com

Overall, TradeStation is a reputable and reliable online brokerage firm that offers advanced trading technology, a diverse range of financial instruments, low fees and commissions, comprehensive education and analysis tools, and reliable customer support to help traders and investors succeed in the financial markets.

Trust, Security & Protection

96.8/100

TradeStation takes security and protection very seriously and employs a range of measures to safeguard its customers' accounts and data. These measures include:

  1. Secure website: TradeStation's website uses secure sockets layer (SSL) encryption to protect customer data, ensuring that all communication between the customer's browser and the website is secure.
  2. Two-factor authentication: TradeStation offers two-factor authentication (2FA) to add an extra layer of security to customer accounts. This requires customers to enter a code generated by an authentication app or sent via text message in addition to their username and password.
  3. Account protection: TradeStation offers account protection through the Securities Investor Protection Corporation (SIPC), which provides up to $500,000 of protection for each customer's securities and cash in the event of the broker's failure.
  4. Data protection: TradeStation uses various data protection measures, including firewalls, intrusion detection, and prevention systems, and real-time monitoring to protect customer data from unauthorized access and cyber threats.
  5. Regulated broker: TradeStation is regulated by reputable regulatory bodies, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, and the Australian Securities and Investments Commission (ASIC) in Australia.

Regulation

TradeStation is a regulated broker in several countries, including the United States, United Kingdom, and Australia, which means that it is subject to strict regulatory oversight and compliance requirements to ensure the protection of its customers' assets and data.

Overall, TradeStation takes security and protection seriously and employs various measures to safeguard its customers' accounts and data. As a regulated broker, it is also subject to strict compliance requirements and oversight, which further enhances its reliability and trustworthiness.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Account Opening Process

94/100

Credit to: www.tradestation.com

The account opening process for TradeStation is straightforward and can be completed online in a few easy steps:

  1. Visit the TradeStation website: Start by visiting the TradeStation website at www.tradestation.com.
  2. Choose an account type: Select the type of account you want to open, such as a brokerage account, retirement account, or education account.
  3. Complete the application: Fill out the online application form with your personal information, employment status, income, and investment experience.
  4. Identity verification: Provide identification documents, such as a passport or driver's license, to verify your identity.
  5. Fund your account: Once your account is approved, fund it with a minimum deposit of $500 or more to start trading.
  6. Download trading platforms: Download the TradeStation trading platform, which is available for desktop, web, and mobile devices.
  7. Start trading: With your account funded and the trading platform downloaded, you can start trading a wide range of financial instruments, including stocks, options, futures, and cryptocurrencies.

It is worth noting that TradeStation may require additional documentation or information to verify your identity and financial status before approving your account. Once your account is approved, you can access a wide range of trading tools and resources to help you make informed trading decisions. Additionally, TradeStation offers various customer support channels to help you navigate the account opening process and any questions or issues you may have.

Instruments Available

83/100

TradeStation offers a wide range of financial instruments for trading, including:

  1. Stocks: TradeStation provides access to a broad range of stocks from major exchanges, including the New York Stock Exchange (NYSE), NASDAQ, and more.
  2. Options: TradeStation offers options trading on stocks, ETFs, and futures. Options can be used for various trading strategies, including hedging and income generation.
  3. Futures: TradeStation provides access to futures trading on a wide range of asset classes, including commodities, currencies, and stock indexes.
  4. Forex: TradeStation offers forex trading with access to major currency pairs, as well as exotic and emerging market currencies.
  5. Cryptocurrencies: TradeStation offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
  6. Bonds: TradeStation provides access to bond trading, including US Treasury bonds, municipal bonds, and corporate bonds.
  7. Mutual funds: TradeStation offers mutual funds trading with access to thousands of funds from various fund families.
  8. ETFs: TradeStation provides access to a broad range of exchange-traded funds (ETFs) from major providers.

Overall, TradeStation offers a wide range of financial instruments for trading, providing traders with access to diversified markets and opportunities. It is worth noting that availability of instruments may vary depending on the country or region in which you reside.

STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
 
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds

Deposits, Withdrawals, Fees

88/100

TradeStation offers a variety of deposit and withdrawal methods, as well as competitive fees for trading and account maintenance.

Deposit Methods:

  • Electronic Funds Transfer (EFT)
  • Wire Transfer
  • ACH (Automated Clearing House)
  • Check Deposit

Withdrawal Methods:

  • Electronic Funds Transfer (EFT)
  • Wire Transfer
  • ACH (Automated Clearing House)
  • Check Withdrawal

Fees:

  • Stocks and ETFs: $0 per trade
  • Options: $0.50 per contract, $0.30 per contract for options trades over 10 contracts
  • Futures: $1.50 per contract per side for standard contracts, reduced commissions available for high-volume traders
  • Forex: Commission-based, fees vary depending on the currency pair traded and volume
  • Cryptocurrencies: Commission-based, fees vary depending on the cryptocurrency traded and volume
  • Mutual Funds: $14.95 per trade for no-load funds, $0 for load funds
  • Bonds: $14.95 per trade plus $5 per bond for treasuries, $14.95 per trade plus $1 per bond for other bonds

TradeStation also offers various account maintenance and service fees, including monthly account fees, inactivity fees, and wire transfer fees. However, many of these fees can be waived by meeting certain trading volume or account balance requirements.

Overall, TradeStation offers competitive fees for trading and account maintenance, as well as a variety of deposit and withdrawal methods for added convenience. It is important to review the fees and charges associated with a TradeStation account before opening an account to ensure they align with your trading and financial goals.

Trading Platform

79/100

TradeStation provides a powerful trading platform that is highly customizable and designed for advanced traders. Here are some of the key features and benefits of the TradeStation trading platform:

  1. Customizable interface: The platform can be customized to suit individual trading styles, with flexible workspace layouts, charting options, and more.
  2. Advanced charting tools: TradeStation offers a variety of advanced charting tools, including customizable technical indicators, drawing tools, and multiple timeframes.
  3. Market analysis tools: The platform provides real-time market data, news, and analysis tools to help traders stay informed and make informed trading decisions.
  4. Automated trading: TradeStation offers automated trading tools, including TradeStation's proprietary EasyLanguage coding language, which allows traders to create and test their own trading strategies.
  5. Mobile trading: TradeStation offers a mobile app for trading on-the-go, with access to all the same features and functionality as the desktop platform.
  6. Security and reliability: TradeStation uses advanced security measures to protect user data and funds, including two-factor authentication and encryption.

Credit to: www.tradestation.com

Overall, the TradeStation trading platform offers a powerful set of tools and features for advanced traders, with the ability to customize the interface and create automated trading strategies. However, it may be overwhelming for beginners or those with less experience in trading.

Mobile Platform

78.9/100

TradeStation offers a mobile app that allows traders to access their accounts and trade on-the-go. The app is available for both iOS and Android devices and includes many of the same features and functionality as the desktop trading platform.

Here are some of the key features of the TradeStation mobile app:

  1. Trading on-the-go: The app allows traders to access their accounts and trade from anywhere at any time.
  2. Customizable watchlists: Traders can create and customize watchlists to track their favorite markets and securities.
  3. Real-time market data: The app provides real-time market data, including charts and news updates.
  4. Order placement and management: Traders can place and manage orders from the app, including market, limit, and stop orders.
  5. Charting tools: The app includes advanced charting tools, with multiple timeframes and technical indicators.
  6. Account management: Traders can view and manage their account positions, balances, and history.
  7. Security and reliability: The app uses advanced security measures, including biometric authentication, to protect user data and funds.

Overall, the TradeStation mobile app provides a convenient and powerful trading experience for traders on-the-go, with many of the same features and functionality as the desktop trading platform. However, it may not be as customizable or suitable for advanced traders who require more complex tools and features.

Cool features

93.1/100

TradeStation offers several cool features that set it apart from other trading platforms. Here are some of the key features that traders may find interesting:

  1. RadarScreen: This feature allows traders to monitor real-time market data and identify potential trading opportunities. Traders can customize their watchlists and set alerts based on their criteria.
  2. OptionStation Pro: This advanced options trading platform provides traders with tools to analyze and execute options trades, including the ability to create custom spreads.
  3. Matrix: The Matrix feature provides traders with a quick and easy way to place and manage orders across multiple markets and securities.
  4. EasyLanguage: This proprietary coding language allows traders to create and test their own trading strategies using TradeStation's platform.
  5. Crypto Trading: TradeStation offers trading in popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, with real-time market data and advanced charting tools.
  6. TradingApp Store: TradeStation's app store offers a variety of third-party tools and add-ons, including custom indicators and automated trading strategies.

Overall, TradeStation provides a powerful and customizable platform with a variety of features and tools for advanced traders. These cool features, such as RadarScreen, OptionStation Pro, and EasyLanguage, provide traders with unique ways to analyze the markets and execute trades. Additionally, the ability to trade cryptocurrencies and access third-party tools through the TradingApp Store may be appealing to some traders.

Customer Support

96.5/100

TradeStation offers customer support through several channels, including phone, email, and live chat. The support team is available 24/7 to assist with any questions or issues that traders may have.

Here are some of the key features of TradeStation's customer support:

  1. Phone support: Traders can call TradeStation's customer support team directly for assistance with their accounts or the trading platform.
  2. Email support: Traders can send an email to TradeStation's support team for non-urgent issues or questions.
  3. Live chat: Traders can access live chat support directly from the trading platform or the TradeStation website.
  4. Knowledge base: TradeStation offers a comprehensive knowledge base with articles and tutorials covering a range of topics, including platform features and trading strategies.
  5. Community forum: TradeStation has an active community forum where traders can ask questions and share information with other traders.
  6. Personalized support: TradeStation offers personalized support for active traders, including dedicated account managers and training sessions.

Overall, TradeStation's customer support offers a variety of channels and resources to assist traders with their accounts and the trading platform. The availability of 24/7 support and personalized assistance for active traders may be particularly appealing to some users.

Education

80.3/100

TradeStation offers a range of educational resources to help traders improve their knowledge and skills. Here are some of the key features of TradeStation's educational offerings:

  1. Webinars: TradeStation hosts regular webinars covering a range of topics, including platform features, trading strategies, and market analysis.
  2. Trading education center: TradeStation's trading education center provides a wealth of resources, including articles, videos, and tutorials covering a range of topics, from the basics of trading to advanced strategies.
  3. TradeStation University: This comprehensive training program provides in-depth education on the TradeStation platform and trading strategies. The program includes a range of courses, from beginner to advanced, and includes interactive lessons and quizzes.
  4. Market insights: TradeStation provides regular market insights and analysis, including daily market briefings and weekly market outlooks.
  5. Trading tools: TradeStation offers a range of trading tools, including strategy testing and optimization tools, to help traders develop and test their trading strategies.

Credit to: www.tradestation.com

Overall, TradeStation provides a robust set of educational resources to help traders improve their skills and knowledge. The combination of webinars, the trading education center, TradeStation University, market insights, and trading tools makes TradeStation an excellent choice for traders who want to improve their trading skills and stay up-to-date on the markets.

Fidelity Review: The Bottom Line

89.3/100


In summary, TradeStation is a well-established online brokerage with a strong reputation for its advanced trading platform, excellent customer support, and robust educational resources. It is regulated by multiple regulatory bodies, providing a high level of security and protection for traders' funds.

TradeStation offers a wide range of tradable instruments, including stocks, options, futures, and cryptocurrencies, and its low fees and competitive pricing make it an attractive choice for active traders. The platform's advanced features, including advanced charting tools and algorithmic trading capabilities, make it a popular choice for more experienced traders.

Overall, TradeStation is an excellent choice for traders who value advanced trading features, low fees, and comprehensive educational resources. However, traders who are just starting out or who prefer a simpler trading experience may find the platform's advanced features overwhelming.

Risk Disclaimer

need to rewite There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Why Trust Us?

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At ForexBrokers.com, our reviews  and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

Read our full explanation and accounting of our research and testing process to learn more about how we test

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