#3 TradeStation Review
9.9* /10Our Rating
User Rating

TradeStation

This online discount brokerage offers award-winning analytic software and advanced web-based trading platforms for its traders making it one of the most comprehensive brokerages out there. With stock trades at just $4.99 per trade for active traders (200+ trades/month), it's also one of the cheapest online brokerages you'll find. Opening an account is a simple process, and new traders can take full advantage right now with a 20% discount on commissions through March of 2016.

History

What began as a design for developing and optimizing advanced trading strategies and implementing research tools that could be used by anyone turned in to TradeStation. Using its revolutionary electronic trading platform, TradeStation has quickly become one of the most innovative online brokerages on the market.

FEES AND FIGURES
  • Stock Trade Fee $8.99
  • Options Base Fee $8.99
  • Options Per Contract Fee $0.70
  • Mutual Fund Trade Fee $14.95
  • Number of Mutual Funds 1000+
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Pricing

Not only does TradeStation have one of the most advanced web-based trading platforms for the independent trader, but it also comes with one of the lowest price points as well. Stock trades from as low as $4.99 per trade make it extremely competitive with its peers. There's also an option to elect a per share trade fee which goes as low as $0.01 per share making it an attractive option for traders who deal with fewer trades on a monthly basis. Options trade as low as $4.99 plus $1.00 per contract making it cheaper than average on a per-trade basis, but slightly more per-contract. And unlike most other online brokers, TradeStation offers futures trading ranging from $1.20 to $0.25 per contract.

Interface

Independent traders will love the TradeStation electronic trading program for its comprehensive analytic programming while beginners can appreciate the intuitive design that makes it easy to start trading immediately. Get real-time streaming quotes, up-to-the minute market data and run chart pattern recognition to optimize your trading session and take advantage of opportunities as soon as they arise.

The revolutionary trading program puts you in the driver seat and gives you all the tools you need to make informed trading decisions and test investment strategies beforehand. Experienced traders will benefit from the TradeStation interface and its ability to monitor and control multiple trades while continuing to run analytics in the background to identify new opportunities.

Traders on the move won't miss a thing thanks to TradeStation Mobile – a mobile platform that allows you to buy and sell positions with ease and works with the desktop TradeStation software. Set up your app to receive alerts or execute automated trades so no matter where you're at, you'll always be connected to your money. The intuitive design lets you filter though ticker symbols and track your positions instantly making it a great addition to your trading experience.

Resources

Not only does TradeStation put some of the most advanced and comprehensive trading algorithms and technical designs at your personal disposal, but they're also standing by to help you out when you need it. Get trading ideas or discuss account possibilities with a TradeStation representative anytime between 8:30 AM and 8:00 PM EST Monday through Friday while technical support is available 24 hours a day.

You'll never miss out on another trading opportunity with the number of tools TradeStation has available. Whether you need a simple tracker for your stock positions or advanced chart pattern recognition algorithms running while you screen for new opportunities, TradeStation has you covered.

The Good

TradeStation’s advanced web-based trading platform makes you a virtual one-man trading operation.

New traders can take full advantage right now with a 20% discount on commissions through March of 2016.

The Bad

Sophisticated features and designs may be lost on new investors who don't know how to take advantage of the resources.

The Ugly

Pricing greatly depends on the amount of trading you do on a monthly basis predict full year expenses.

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