TradeStation review 2019

Is TradeStation a good broker?

Active traders looking for low commissions and a solid trading platform could consider using the TradeStation broker. However, you can't deposit less than $500.

Fee

Account minimum

Promotion

$5
$500
N/A

TradeStation is designed for active traders and investors who want a market-leading trading platform and research. You can now get access to their platform with an account of at least $500 for stock trading, $2,000 for options trading and $5,000 for futures trading. And if you can deposit $25,000, you get a more complex platform with all the bells and whistles.

Aside from a top-notch platform, you get access to advanced research and tools, including more than 150 indicators.

What kind of trading platforms does TradeStation offer?

The desktop platform by TradeStation is its flagship product. It comes with automatic trade execution, preset tools and tools you can design, test or automate. This works for stocks, options and futures. You can also do backtesting on a simulator.

In addition, you get access to a mobile app, which lets you trade on wherever you are.

Standout features

  • Low commission. Stocks cost $5 per trade or $0.01 per share. If you frequently trade smaller amounts of stocks, the second option could save you a lot of money in the long run. Options trading cost $0.5 per contract plus $5 per trade.
  • Research. You can create custom tools, backtest them and automate them to work on stocks, options and futures.
  • Investment choices. Trade stocks, bonds, mutual funds, ETFs, options, futures and soon cryptocurrencies.

Watch out

  • Minimum balance requirement. Competitor brokers offer $0 account balance minimum. But to open an account with TradeStation, you need at least $500.
  • No commission-free ETFs. Other brokers offer up to 500 commission-free ETFs, but not TradeStation. However, the fees are low overall, which depending on your trading style, you could even save money on stocks and options.

What can I trade with TradeStation?

  • Stocks
  • Options
  • ETFs
  • Mutual funds
  • Bonds
  • Futures

How do I signup with TradeStation?

  1. Go to TradeStation website.
  2. Click Open an Account.
  3. Fill out the application form.
  4. Fund your account.

Bottom line

If you're an active trader who wants a top-notch trading platform, TradeStation could be worth considering. It comes with competitive pricing and with a vast array of trading tools and options. But you need a minimum of $500 to open a stock trading account.