TradeStation

TradeStation is a promising trading platform regulated by the US FINRA and designed to meet the needs of both the seasoned markets experts and the beginners. It has a number of useful tools.

TradeStation is an American stock broker company, the history of which dates back to 1982. Its parent organization is the Monex Group. The platform is aimed, first of all, at serious, experienced traders, who want to realize a large profit. The clients of TradeStation are protected by the SIPC, offering up to $250,000 in cash per account. However, even casual investors are properly supported here. The broker is especially attractive for those, who are used to deal with stocks, ETFs, options, and futures.

Pros and Cons of TradeStation

The list of the system’s strong sides includes the following:

  • It’s a mobile broker that can be accessed from any smartphone. This means that you can merchandise at any time and place, catching up the chance for your own benefit.
  • The system offers a wide choice of analytical tools, such as Fibonacci lines. You can use additional indicators in order to make your research more precise and profitable.
  • There is a well-structured education section, where beginners can find all the information that they may need for prosperous dealing.

Discussing the weak sides of the broker, we can’t but mention the following:

  • The format of a mobile platform makes this broker less attractive for those, who prefer to trade from a PC. There is a Web Platform, too, but it lacks some functionality.
  • Many users note that the broker features a weak customer service, and there are certain problems with money deposit and withdrawal.
  • The system lacks Forex trading opportunities.

Special Features

TradeStation offer its users three interesting features:

Strategy Development is the section, where a client can create his personal trading strategies, using the list of pre-developed strategy components. The feature lets market-specialists implement custom indicators in the most effective way and test them against long-term information dating back to more than 90 years ago.

Portfolio Maestro is the sophisticated tool for the portfolio-level performance analysis. It allows stock experts to assess possible risks and optimize the selected strategy. Besides, with the Portfolio Maestro feature one can perform correlation analyses and genetic algorithm improvements.

Market Scanner lets customers conduct the automatic scanning of the current pipeline. It quickly identifies promising ideas on the basis of certain patterns and informs the dealer about his new opportunities. The data is dynamically ranked and provided to the user in the most convenient way.

The system offers two commission plans – per-share and flat-fee. Both of them are quite priced. For stocks and ETFs, for instance, the charges are $4.99 per trade. The margin rates vary between 6.25% and 8.5%. Besides, there are additional taxes for purchase of foreign securities and some other sorts of transactions.

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TradeStation

Min. deposit

5000$

Regulators

CFTC FCA NFA

Leverage

1:100

EURUSD spread

fixed

Platforms

TradeStation, MT Mobile, ZuluTrader, MT4

Year of foundation

1998

Country

USA