TradeStation

Overview of TradeStation

TradeStation is a registered brokerage firm based in the United Kingdom. The company provides a range of trading platforms, including the TradeStation platform, Trader Workstation (TWS), IBKR mobile app, and IBKR Web Trader.

Traders on TradeStation have access to a variety of tradable assets, including stocks, futures, micro e-mini futures, forex, options, and CFDs. The minimum deposit requirement is $1, and the maximum leverage information is not specified. TradeStation offers different account types, such as individual, joint, custodial, and various entity accounts, catering to different trading needs. They provide a demo account for users to practice trading, and customer support is available via live chat, phone, or email. Deposits and withdrawals can be made through ACH, wire transfers, checks, and cryptocurrencies.

TradeStation also offers educational resources, including FAQs, platform downloads, educational videos, preloaded watchlists, and simulated trading, to assist traders in enhancing their trading knowledge and skills. However, it has been found that this broker exceeds the business scope regulated by the FCA.

Is TradeStation legit or a scam？

TradeStation International Ltd is a broker allegedly authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with registration number 445531. However, it has been found that this broker exceeds the business scope regulated by the FCA and holds an Investment Advisory Licence Non-Forex License. It is important for users to conduct their own research and due diligence before investing with any broker, and to verify the broker's regulatory status and compliance.

Market Instruments

TradeStation advertises that it is a multi-asset platform with an extensive range of trading instruments in financial markets, including stocks, futures, micro e-mini futures, and forex. Some other trading assets like options and CFDs are also available.

TradeStation Global offers various trading assets for traders, including:

- Stocks Trading: TradeStation allows traders to access the major stock markets worldwide and take advantage of trading opportunities.

- Futures Trading: TradeStation offers leveraged Futures trading, which can be an effective way for traders to gain exposure to different asset classes and markets.

- Micro E-mini Futures: TradeStation also provides the option to trade CME Micro E-mini Futures, which may be more accessible to traders with smaller accounts.

- Forex Trading: TradeStation enables traders to access the world's largest market, Forex, and take advantage of advanced trading tools for analysis and execution.

Overall, TradeStation Global offers a diverse range of trading assets across multiple markets and asset classes, providing traders with ample opportunities to diversify their portfolios and achieve their trading goals.

Account Types

Apart from demo accounts, TradeStation offers all kinds of account types, including individual, joint, and custodial, as well as a full individual retirement account (IRA) line up including traditional IRAs, Roth IRAs, simplified employee pension (SEP) IRAs, and savings incentive match plan for employees (SIMPLE) IRAs. Also, TradeStation has a wide range of entity accounts that cover everything from sole proprietary ships, partnerships, limited liability companies, trusts, and corporations. The minimum deposit requirement differs by account type. For example, opening a Cash account requires the minimum initial deposit amount of only $1, while the Margin, Futures, and Day-trading account with a much higher minimum initial capital requirements of $2,000, $5,000, and $25,000 respectively.

How to Open an Account？

Opening an account with TradeStation is a simple process that can be completed in a few easy steps:

1. Visit the TradeStation website and click on the “Open an Account” button.

2. Select the type of account you want to open, such as individual or joint account.

3. Fill out the online application form with your personal and financial information.

4. Upload the required verification documents, such as a government-issued ID and proof of address.

5. Agree to the terms and conditions and complete the application process.

6. Once your account is approved and funded, download the TradeStation platform and start trading.

If you encounter any issues or need help with the account opening process, TradeStation's customer support is available via live chat, phone, or email to assist you.

Commissions

Commissions are influenced by what asset classes traders are holding. TradeStation reveals that the commission for US Stocks, ETFs, ETPs, and Warrants is $0.007 per share; US Equity Options is $1.50 per contract; US Futures And FOPs is $1.70 per contract; forex and forex CFD is 0.6 basis points trade value; more details can be found on the brokers official site (https://www.TradeStation-internatio).

Trading Platform Available

When it comes to trading platforms available,TradeStation gives traders four choices: TradeStation platform, Trader Workstation (TWS), the IBKR mobile application, and IBKR Web Trader. TradeStation platform is advertised with a series of key tools including Advanced Chart Trading, Customized Analysis, One-Click Control and Easy Language Tools. TradeStation's web platform has a good design and user interface. While with the mobile app, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android.

Key features of TradeStation platform

TradeStation Global's trading platform offers a range of advanced tools and features, including:

- Advanced and Fully Customized Charting: Real-time and historical price charts with a universe of technical tools all built-in. All analysis tools are customized through EasyLanguage®, allowing traders to add drawing tools, back-test trading ideas, and trade directly on the chart.

- RadarScreen®: A premium real-time watchlist and opportunity scanner that can sort and rank hundreds of symbols and technical signals and alerts. It helps traders find trading opportunities as they happen around the world in real time.

- The Matrix: A Swiss Army knife of trading tools that provides market-depth, advanced order entry, and order tracking all in one window. It enables traders to place and modify orders quickly and efficiently and see their positions in context with integrated market depth and volume at price.

- EasyLanguage®: TradeStation's own programming language that simplifies the process of formulation, writing, and back-testing of trading strategies without complex code. It enables traders to translate their trading ideas into analysis techniques and strategies.

Deposit & Withdrawal

TradeStation accepts deposits and withdrawals with ACH, wire transfers, checks and cryptocurrencies of Bitcoin, Ethereum, Litecoin, Ripple and others. However, some other popular payment methods like credit/debit cards and e-wallets are not available. Withdrawals are processed only on banking days, between Monday and Friday from 9:00 AM to 5:00 PM. Bank transfers for US clients are usually completed in one day, but for non-US clients, this can take up to 15 business days. TradeStation's ACH withdrawal is free of charge. However, wire withdrawals cost $35 for non-US clients and $25 for US clients.

Fees

TradeStation also charges some fees, which include but are not limited to exchange fees, clearing fees ($0.0002 per share), transaction fees of $0.0000218 Value of Aggregate Sales for Stocks, ETFs, ETPs, Warrants, Rights, Voting Trust Certificates; as well as the minimum trade allocation fees of trade value 0.0005, $0.35. More specific information about fees can be found on its official site.

Educational Resources

TradeStation's educational resources encompass FAQs, platform downloads, educational videos, preloaded watchlists, and simulated trading, providing users with a range of tools and information to enhance their trading experience and knowledge.

1. FAQs: TradeStation offers a comprehensive Frequently Asked Questions (FAQs) section. Users can find information about their account, software and technology, as well as other relevant topics. This resource serves as a quick reference for resolving common queries.

2. Download the Platforms: Users have the option to download the TradeStation Global Platform, which is available from Interactive Brokers and TradeStation. This enables users to access the trading platforms and utilize their features for efficient trading.

3. Videos: TradeStation provides archived webinars and educational videos to help users become familiar with the TradeStation Global Platform. These videos offer valuable insights, guidance, and tips to assist users in getting started and making the most of the platform's features.

4. Download Watchlists: TradeStation offers preloaded market watchlists, allowing users to access popular European exchanges and Forex markets conveniently. These watchlists provide quick access to relevant market data and help users stay updated on market trends and movements.

5. Simulated Trading: TradeStation offers a simulated or paper trading feature on the TradeStation Global platform. This allows users to practice trading in a risk-free environment, utilizing virtual funds. Simulated trading provides an opportunity for users to hone their trading skills, test strategies, and gain confidence before engaging in actual trading.

Customer Support

TradeStation‘s customer support can be reached by telephone: +442084878517, email: TradeStationGlobal@TradeStation.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

Conclusion

TradeStation Global is a broker that offers a wide range of trading assets, advanced trading platforms, and educational resources. The broker is authorized and regulated by the FCA, and provides users with ample opportunities to diversify their portfolios and achieve their trading goals. However, TradeStation has some limitations, such as charging specific fees and having limited deposit and withdrawal methods. Additionally, despite being allegedly authorized and regulated by the FCA, it has been found to exceed the business scope regulated by the FCA and holds an Investment Advisory Licence Non-Forex License. It is important for traders to conduct their own research and due diligence before investing with any broker.

FAQs

Q: What trading instruments are available on TradeStation？

A: TradeStation offers a diverse range of trading instruments, including stocks, futures, micro e-mini futures, forex, options, and CFDs.

Q: What are the commission fees on TradeStation？

A: The commission fees on TradeStation vary depending on the asset class. For example, the commission for US stocks, ETFs, ETPs, and warrants is $0.007 per share, US equity options is $1.50 per contract, and US futures and FOPs is $1.70 per contract.

Q: What trading platforms are available on TradeStation？

A: TradeStation offers multiple trading platforms, including the TradeStation platform, Trader Workstation (TWS), the IBKR mobile app, and IBKR Web Trader.

Q: What deposit and withdrawal methods are accepted by TradeStation？

A: TradeStation accepts deposits and withdrawals via ACH, wire transfers, checks, and cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.

Q: What educational resources does TradeStation provide？

A: TradeStation offers a range of educational resources, including FAQs, platform downloads, educational videos, preloaded watchlists, and simulated trading.

Q: How can I contact TradeStation's customer support？

A: TradeStation's customer support can be reached via live chat, phone, or email.