Tradestation Account types

TradeStation offers 3 main accounts, the individual or Joint account, the Retirement account, and the Entity account. There is no minimum deposit required to open an account with Tradestation and an Islamic or swap-free account can also be opened.

Tradestation at a glance

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

FINRA, SEC

Trading Platform

TradeStation 10, Web-based platform, FuturesPlus

Crypto

Yes

Total Pairs

55

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Tradestation Account Types – 9 key points quick overview:

1. Tradestation Overview
2. Tradestation Account Types
3. Tradestation Account Features
4. Tradestation Demo Account
5. The Islamic Account
6. Tradestation Customer Reviews
7. Tradestation Pros and Cons
8. Conclusion
9. FAQ’s

Tradestation Overview

Tradestation is a forex broker company in the United States that provides traders with access to one or more platforms to buy and sell foreign currencies. Forex brokers can gain access to the 24-hour currency market for speculation purposes through the broker.

Forex broker services can also be provided for institutional clients and large companies such as investment banks.

Tradestation is a stockbroker that was founded in 1982 and is based in Plantation, Florida, where it is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Tradestation’s parent company, and has a long track record., discloses its financials, and its.

Tradestation is a wholly owned subsidiary of Monex Group, Inc., one of Japan’s largest online financial services providers. The Monex Group is listed on the Tokyo stock exchange. Tradestation Group was a NASDAQ listed company from 1997 – 2011 until it was acquired by Monex Group.

Tradestation started developing a cryptocurrency brokerage called Tradestation Crypto Inc. in 2019, as well as its TS GO pricing plan, which offers discounted rates for trading options and futures.

Although Tradestation is rated highly by some customers in personal reviews on review websites, there is no information available on the Tradestation homepage or elsewhere about any awards received by them.

Tradestation offers several account types, according to the products a trader wants to trade as well as according to the account ownership and taxation or to the leverage allowed. Tradestation offers three main Tradestation platforms to clients: the downloadable Tradestation 10, a browser-based platform; Futures traders have a separate platform called FuturesPlus, provided by Trading Technologies.

Tradestation offers equity, options, futures, and futures options trading online. Through a separate entity, Tradestation Crypto, clients can trade cryptocurrencies, but the broker lacks forex trading and fractional share trading.

Tradestation Account Types

Tradestation offers several account types, according to the products a trader wants to trade as well as according to the account ownership and taxation or to the leverage allowed.

TradeStation’s account structure offers a variety of different commission structures, which can be confusing. Amongst them, TradeStation’s most commonly used pricing plans are TS Select and TS Go, both of which offer $0 trades, are easy to understand, include free market data, and incur no monthly platform charges.

Tradestation Account Features

TS Select

TS Select is TradeStation’s most commonly used pricing structure but requires a $2 000 minimum deposit. It does however include access to all three TradeStation platforms. With TS Select, all stock trades (including ETFs) are free, options trades run $.60 per contract, and futures are $1.50 per side per contract.

TS Go

With TS Go, no minimum deposit is required. TS Go offers unlimited $0 stock and ETF trades as well as options trades for just $.50 per contract and futures trades for $0.85 per side per contract. There is however a limitation to using TS Go – although all three platforms are available, any trades placed with TradeStation desktop incur a $10 fee or $1.40 for trading futures.

Under both TS Select and TS Go, penny stock trades are $0 for the first 10,000 shares and $0.005 per share after that.

TradeStation offers two different commission structures for professional traders: either per share or unbundled.

Cryptocurrency trading: If a trader wants to invest in bitcoin or other popular cryptocurrencies, TradeStation Crypto offers competitive fees starting at 0.5% per trade, with commission rates dropping even further for account balances beyond $100,000.

Islamic Account

Tradestation does offer traders who follow the Sharia law the option of an Islamic Account.

Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.

Tradestation Demo Account

Tradestation offers traders the option to open a demo or practice account which can be used in several ways, including the following:

• A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
• Traders who want to evaluate and compare brokers and would like to explore Tradestation’s trading conditions in a risk-free environment.
• Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

The Islamic Account

TradeSation does not offer an Islamic account option for Muslim traders.

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offer an Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

Tradestation Customer Reviews

So far evrything is cool with the…

So far evrything is cool with the service.I would be happy if you could alert clients on intraday margin requirements as they have been changing quite so often such that it sometimes takes traders into margin voilation and penalties.Most of the micro/mini symbols margin requirements should also be regularly kept low enough for small traders.Thanks

Tradestation Pros and Cons

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

FINRA, SEC

Trading Platform

TradeStation 10, Web-based platform, FuturesPlus

Crypto

Yes

Total Pairs

55

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Conclusion

Overall, Tradestation offers several account types, according to the products a trader wants to trade as well as according to the account ownership and taxation or to the leverage allowed. Tradestation is a stockbroker that was founded in 1982 and is based in Plantation, Florida, where it is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

You might also like: Tradestation Sign-up bonus

You might also like: Tradestation Demo Account – Step by Step

You might also like: Tradestation Fees and Spreads

You might also like: Tradestation Islamic Account Overview

You might also like: Tradestation Minimum Deposit

FAQ’s

TRADING ENVIRONMENT

How many instruments can I trade with Tradestation?

You can trade several different instruments with Tradestation, which include the following:

• Stocks, Bonds
• Mutual funds
• Exchange-traded funds (ETFs)
• Options
• Futures
• Cryptocurrencies

Which platforms are supported by Tradestation?

Tradestation provides the following popular trading platforms:

• Desktop platform
• Web trading platform.
• TS GO clients have limited access to online tools

Does Tradestation offer leverage?

Yes, but no ratios are indicated.

What spreads can I expect with Tradestation?

Tradestation offers different spreads on its various accounts.

Since details on the website are not clearly enough stipulated, more information should be obtained from the customer support service to make an informed choice.

Does Tradestation charge commission?

More information on commissions may become available after opening an account or can be obtained from the customer support service.

Are there additional charges on the Islamic account?

Tradestation does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

Is Tradestation regulated and by whom?

Tradestation is regulated by FINRA, SEC.

Is Tradestation a recommended forex trading broker for experts and beginners?

Tradestation offers a fair-trading environment for affluent, experienced, and active traders.

What is the overall rating out of 10 for Tradestation?

7/10.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like Tradestation is usually funded with virtual money and allows a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account which needs to be funded with the customers own real money.

Does Tradestation offer a demo account?

Yes.

How long is the demo account valid?

The demo account can be used unlimited.

Which live trading accounts does Tradestation offer?

Several accounts depending on ownership, leverage, etc.

Does Tradestation offer an Islamic Account?

Yes.

What are the available deposit currencies for a live trading account?

When registering a Futures account, traders have the option to use USD, EUR, GBP, AUD, CAD, HKD, SGD, CHF, or JPY.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with Tradestation?

$ 0.

How do you make a deposit and withdraw money with Tradestation?

Tradestation offers only one deposit and withdrawal method, wire transfer.

Does Tradestation charge withdrawal fees?

Yes.

How long does it take to make a withdrawal?

Withdrawals may take only one day but depending on bank services it may take several days longer for the money to be available in a customer’s bank account.