TradeStation Review
- Sophisticated trading platforms
- Wide variety of trading products
- Highly reputable and secure
- Low fees and commissions
- Mobile and web-based platforms don’t sync with desktop platform
- Primarily for experienced traders
TradeStation is a technology and software development company who provides brokerages with state of the art trading technology as well as their own electronic brokerage services for traders and investors. The company has been around for over 35 years as it was established in 1982 and is a wholly owned subsidiary of Monex Group, Inc. However, the company operates as TradeStation Group Inc and their headquarters are based at Unit 3, 121 Mortlake High Street, SW14 8SN. TradeStation works on an international basis and accepts traders from all around the world to participate in their lucrative online trading brokerage services. TradeStation has developed a solid reputation by providing a professional level of experience and an exceptional array of advanced tools and features. Their trading services are marketed more towards advanced and institutional traders rather than beginner or even average traders and investors. Therefore, TradeStation clients have a significant amount of money on the line and depend on highly competent and sophisticated trading services. Therefore, can TradeStation be trusted to competently provide advanced online trading services through their brokerage trading platform? Let’s find out in the following review where we’ll delve deep into all aspects that make of this trading brokerage and see what sets TradeStation apart from the competition.
Trading Platform
TradeStation understands the need for versatility as many traders have busy lives and require multiple trading platforms to suit their needs. They offer a whole suite of sophisticated trading platforms to their clients, allowing them to choose which platform is best for them. All trading platforms offered by TradeStation are proprietary trading platforms that have been widely adopted by trading brokerages all over the world. See the platforms overviewed below.
Desktop Platform
The desktop trading platform is TradeStation’s award winning platform that features the most advanced and sophisticated trading features. It’s a powerful platform suitable for the most advanced traders and institutional investors as it operates at lightning fast speeds, has dynamic tools, automated trading functionality, customizable charting, and so much more. The trading interface is also very intuitively designed and user friendly so that beginner and intermediate traders will appreciate it as well.
Mobile Platform
The mobile trading platform featured by TradeStation is available for download from the Apple App Store and the Google Play Store. The platform is feature rich and allows traders to take the power of TradeStation wherever they go. The mobile platform syncs with the users online account and allows them to conduct the same basic functions as the regular platform. For instance, traders can monitor quotes, analyze charts, place orders, check their positions, and more, all in real-time.
Web-Based Platform
This platform allows traders to access their account and the same advanced trading features from any desktop computer as long as it has an internet connection. The platform enables real-time streaming of data and price quotes as well as one-click trading from the charts. Overall, it is similar to the desktop trading platform, except for some minor design changes and overall simplification. If we had to choose between the desktop and web-based trading platform, the desktop platform would get our vote as it is slightly faster, more responsive, and advanced than the web-based trading platform.
Exchange Markets
TradeStation offers their clients the opportunity to participate in the trading of a wide variety of financial instruments across numerous global markets including the UK, European, Asia Pacific, and North American markets. The financial asset classes available to trade in these markets include; Equities, ETFs, CFDs, Futures, Options, Forex, Mutual Funds, Bonds, and Commodities. Therefore, TradeStation provides access to nearly every type of investment product professional traders are interested in.
Fees and Commission
TradeStation charges their traders very reasonable and competitive fees and commissions. Depending on the country the trader is from the fees will differ slightly. For the sake of this review, we will be overviewing the commissions and fees for US traders. See the fees for various investment products below.
Stocks
- $0.007 USD per share
- $1.5 USD minimum order
Options
- $1.50 USD per contract
Futures
- $1.75 USD per contract
Forex
- Tight spreads as low as 0.1 PIP
- 0.9 basis points
- $2.00 USD minimum per order
CFDs
- $0.007 USD per share CFDs
- $1.50 USD minimum per order
- 0.0075% per trader on US 500 Index CFDs
Security and Fairness
TradeStation is a highly safe and secure online trading brokerage as they protect their clients information and accounts in a variety of ways. For instance, TradeStation employs anti-fraud and anti-money laundering specialists to monitor their systems and customer accounts. These specialists will respond quickly to all suspicious activities. Also, all transactional data and user information is protected via 256-bit data encryption. User accounts are also protected by advanced firewalls to prevent unauthorized parties from gaining access to the TradeStation systems and your account. TradeStation also employs advanced login security measures such as customer login verification, session timeouts, login attempt limitations, and extended secure website verification. All in all, TradeStation is a very safe, fair, and secure online trading brokerage.
Support
The customer support provided by TradeStation is very good. Support representatives can be reached via telephone, email, live chat, and through social media from Monday to Friday, 8am to 8pm. Additional methods of support include the websites extensive FAQ page where traders can search and browse various categories.
Conclusion
Overall, the TradeStation online trading brokerage is of top quality. The brokerage is primarily focused on servicing professional and institutional traders, but beginner and intermediate traders will find their services sufficient as well. The trading platforms provided by TradeStation are highly sophisticated and were developed by TradeStation themselves. The brokerage features a wide array of tradeable assets across various global markets and a wide range of analysis tools and insights. While TradeStation may not be the brokerage for everyone, most experienced traders will appreciate their services.
TradeStation Q&A
The following are the common questions that customers inquired about TradeStation.
Is TradeStation regulated?
Yes, TradeStation International is regulated by the Financial Conduct Authority (FCA) in the United Kingdom
Is TradeStation a scam?
No, TradeStation is a legit broker and it’s licensed in the UK.
Where is TradeStation based?
TradeStation is based at Unit 3, 121 Mortlake High Street, SW14 8SN.
Screenshot
