Tradestation is a US-based broker providing online electronic brokerage services to self-directed traders and investors.
- User-friendly web and mobile trading platforms
- Robust monitoring and analysis tools
- Quality education materials
- Fast order execution speed
- Two-step safe login procedure on its web and mobile platforms
- No forex trading
- Costly deposit and withdrawal
- Customer service is only reachable during weekdays
The broker believes in developing your trading skills to achieve your maximum trading potential. That is why it offers some of the best trading tools for market analysis and skills development.
TradeStation also has a powerful trading platform that hosts thousands of tradable products in all major exchanges and market centres, including stocks, ETFs, futures, options, and cryptocurrencies.
TradeStation – Who Are They?
TradeStation was founded in the US in 1982. It is a subsidiary of Monex Group, Inc., which is among Japan’s largest financial services providers. Financial Industry Regulatory Authority (FINRA) and the NYSE, CME, and SIPC.
TradeStation has, over the years, maintained its commitment to providing the best trading experience. Evidence is its award-winning trading software and brokerage services. TradeStation’s desktop, web and mobile trading platforms offer flexibility to investors. In addition, they host a broad range of trading tools that helps in research and market analysis.
The broker offers a variety of account types designed to meet your needs, all of which are free and easy to create. They include the individual, joint, IRA, Entity, Institutional and Custodial accounts.
In addition, its pricing plan is just too heavenly. For instance, you can trade commission-free on equities, equity options and futures. Other assets are also traded at low cost, allowing budget-conscious traders to also benefit from its offerings. The broker’s plans include the TS GO with a no minimum deposit and TS Select with a minimum of $2000.
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Our Opinion About TradeStation
TradeStation is a great US broker and a favourite to investors seeking advanced levels of trading experience. It is popular because of Its user-friendly high-powered trading platform, fully customisable market monitoring and analysis tools. In addition, its educational resources, together with the wide range of tradable securities, makes it a pick for many.
Unfortunately, it has a downside too. For instance, deposits and withdrawals are costly. In addition, TradeStation does not offer forex trading. Moreover, its customer service is limited to five days a week only. However, you can contact them via phone, email, or live chat for relevant solutions to any arising trading issues.
All said and done, we encourage you to try out TradeStation by signing up for its demo or simulated account. TradeStation’s new $0 trade appeals to new traders changing the earlier notion that it is for traders with experience.