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.
The list of the system’s strong sides includes the following:
Discussing the weak sides of the broker, we can’t but mention the following:
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.