The Bottom Line
TradeStation offers a wide variety of products and services that cater to traders of all skill levels. Whether you’re just starting out in the trading world or you’re a seasoned pro, there’s something for everyone here. Plus, TradeStation has a solid reputation for providing top-notch customer support, which is always a plus.
Let’s take a look at TradeStation, one of the most popular online brokers out there. Over the years, TradeStation has become one of the most respected names in the industry, offering a wide range of products and services to traders of all levels. TradeStation has been around for a while, and it’s earned a reputation for being a reliable and trustworthy platform for traders of all levels. So why should you choose TradeStation?
- Commission-free trading on many stocks, ETFs, options and futures
- No minimum deposit to open a TradeStation Securities account
- Allows users to backtest and automate strategies
- Extensive educational material for novice traders and investors
- Commission-free stock and ETF trades max out at 10,000 shares
- Limited investment research for individual stocks, mutual funds, bonds, or ETFs
- Long wait times for customer service
- Platform can be technical for novices
TradeStation’s pricing structure is competitive, with low commissions and no account minimums. The web, mobile and desktop platforms are free to use. Stocks, ETFs, stock options, futures, micro futures, futures options are all $0 commission. Stock options cost $0.60 per contract, futures cost $1.50 per contract, per side, micro futures cost $0.50 per contract, per side, and futures options cost $1.50 per contract, per side.
Powering Ideas for Begginners
TradeStation has a few features that are great for beginners and professional traders alike that help to generate trade ideas without the hassle of scanning the internet or constantly staying up to date with the latest finance news. The first stand out feature is Hot Lists which is available on desktop, mobile and in-app. Hot Lists are customizable and can display securities that meet a specific set of criteria, such as the top 25 stocks with highest volume of trades within a certain exchange. TradeStation has a powerful scanning tool called RadarScreen that scans global markets in real-time to discover unique trading opportunities. With RadarScreen®, traders can monitor and track dozens of symbols with the technical indicators that they want to look at, at the intervals they want to look at, all in real time, all in one window.
TradeStation also provides a variety of charting tools that can help traders measure and analyze market movement, backtest and manage rule-based trading, and monitor orders and current positions.
TradeStation Learn provides a variety of resources to help traders improve their skills and knowledge of the markets. The platform includes a wide range of educational videos, webinars, and interactive courses that cover topics such as technical analysis, trading strategies, market psychology, and more.
The benefit for beginner traders who start with TradeStation is that they are using professional trading tools from the beginning, and as they learn the basics, they will have the ability to grow and progress with TradeStation. It can be a lot to digest and there are quick videos to guide traders through it all. Learn now!
TradeStation offers a wide range of assets that can be traded through its platform. These include:
- Stocks: TradeStation allows traders to buy and sell stocks listed on major US exchanges such as the NYSE, NASDAQ, and AMEX.
- Options: Traders can trade options contracts on stocks, ETFs, and indices.
- Futures: TradeStation offers futures trading on a wide range of commodities, currencies, and indices.
- ETFs: TradeStation offers trading on a wide variety of ETFs listed on major US exchanges.
Customers who use TradeStation generally have positive things to say about the company’s platform and services. Traders praise the platform’s advanced charting capabilities, fast execution times, and wide range of asset classes. The company’s educational resources and community of traders are also highly regarded, providing a supportive environment for traders of all levels. Some customers have noted that TradeStation’s pricing can be higher than other online brokers, but they feel that the quality of the platform and services justifies the cost.