TradeStation Review

Overall, TradeStation is a trustworthy broker to invest with and utilize its trading services. TradeStation offers traders access to several platforms which allow them to buy or sell foreign currencies. TradeStation is strictly regulated by the Securities and Exchange Commission, or SEC, and the Financial Industry Regulatory Authority, or FINRA.

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 Review – 20 key points quick overview:

1. Who is TradeStation?
2. Tradestation Safe or scam
3. Tradestation Pros and cons
4. Tradestation Leverage
5. Tradestation Accounts
6. Tradestation Market instruments
7. Tradestation Fees
8. Tradestation Deposit and withdrawal
9. Tradestation Trading platforms
10. How to open an account
11. Tradestation Customer support
12. Tradestation Education
13. Tradestation Research
14. Tradestation Awards
15. Tradestation vs FXGlobe vs XM – A Comparison
16. Tradestation Current Popularity Trend
17. Tradestation Customer Reviews
18. Conclusion
19. Disclaimer
20. FAQ’s

Who is TradeStation?

According to research in South Africa, TradeStation is a Forex broker which is based in the United States.

Established in 1982, TradeStation has an impressive track record of superb trading solutions and services provided. It has an exceptional reputation in disclosing its finances and providing transparent fee schedules to its clients.

Its parent company, Monex Group, Inc., is listed on the Tokyo Stock Exchange, or TSE, and it is one of the largest online financial services providers in Japan.

Tradestation Safe or scam

Before choosing a broker to facilitate the trade in numerous financial instruments, it is imperative for traders to research, investigate, and evaluate the level of safety and regulation that a broker has.

This is to ensure that the broker is safe and secure and that the necessary security and safety measures are in place not only to protect the funds of the trader but to ensure that the trading environment they protect is secure.

Should TradeStation become unable to meet its financial obligations in the case of bankruptcy, and or any other event, eligible clients can qualify for up to $500,000 (cash up to $250,000) investor protection per account.

To ensure a secure trading environment, TradeStation makes use of two-factor authentication, or 2FA, and biometric login on mobile devices.

In addition, TradeStation also carries Securities Investor Protection Corporation, or SIPC, insurance.

Tradestation Pros and cons

Tradestation Leverage

Leverage is a tool provided by brokers to help traders magnify their potential profit by allowing them to open larger positions despite their trading account balance.

Although leverage is a useful tool that may lead to great profits, it may lead to an equal amount of loss. Using leverage may pose a great risk of losses incurred that may even clear the trader’s account if it is used incorrectly or misused.

It is mentioned that TradeStation offers leverage, but the website does not offer the exact ratio of leverage provided by the broker.

Tradestation Accounts

Forex brokers issue accounts to their clients with the primary purpose of trading through the various platforms that the broker offers. It also avails traders to specific trading conditions that the broker offers. The type of account along with the number of accounts that a trader may open with a broker will be at the discretion of the specific broker.

It may also depend on the jurisdiction within which the broker operates, the trader’s country of residence, and the regulatory authorities or entities that the broker holds authorisation, regulation, and licenses with.

The structure of accounts differs in the way that spreads, or commissions are applied in addition to the minimum deposit which is required to register a live trading account.

Muslim traders require special conditions, and accounts, which will enable them to trade Forex without swaps, overnight-, or rollover fees, being applied as Muslim traders are prohibited from paying such fees as per the Sharia law which they follow.

There are numerous brokers who adequately cater for a variety of traders, their trading needs, objectives, styles, and trading experience.

Accounts per Financial Instrument

TradeStation makes adequate provision for accounts according to the financial instruments which can be traded.

Equities Account – provides traders with access to stocks, ETFs, bonds, funds, and options.

Futures Account

Futures Options Account

Crypto Account

Traders should note that Crypto was only introduced in 2025 and traders who already have an existing TradeStation account can apply for a Crypto Account whereas new traders must open both a TradeStation account Crypto and an Equities account to access this option.

Accounts per ownership and taxation

Individual Account – where only one trader is the owner

Joint Account – where there is more than one trader who has access to the account

Individual Retirement Account, or IRA, which is only available for US Clients

Entity account – where trading is conducted by a business entity

Custodial Account – for minors aged between 18 – 21 where an adult manages the account on their behalf

Accounts according to leverage

Cash Account – which does not have the option of leverage and has a $500 minimum deposit requirement

Margin Account – which is leveraged and has a $2,000 minimum deposit requirement

Tradestation Market instruments

Brokers offer traders with a great variety of financial instruments which can be traded over numerous asset classes such as Forex, Commodities, Precious Metals, Energy, and Cryptocurrency.

Forex – including minor, major, exotic, and cross-Forex pairs

Commodities – which offers trading in Contract-based tradable goods

Indices – which are either equity or stock indices

Precious Metals – which includes gold, silver, platinum, and other metals which can be traded on a contract-base

Energy – such as gasses, oil, and more

Cryptocurrencies – such as Bitcoin, Ethereum, and others

TradeStation offers the trade in the following form the above:

Stocks, Bonds

Mutual funds

Exchange-traded funds (ETFs)

Options

Futures

Cryptocurrencies

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 Fees

Different brokers have different fee schedules and trading costs depend on factors revolving around the spread, commissions, and margin requirements. The spread in a Forex pair is the difference between the bid and ask price which is expressed in pips. A pip is the smallest increment that an exchange rate can move.

Margin requirement, or margin, is the number of funds that need to be present in the trading account which will allow a trader to open a position or number of positions.

The margin is calculated according to the current price of the base currency against that of the US Dollar, the size or volume of the position, and the leverage which is applied to the trading account.

Commissions are charges or fees which are applied by the broker in return for the services that they deliver as facilitators of the trade. These commissions may be fixed, or tiered, and can depend on the financial instrument or Forex pair being traded.

Some brokers offer wider spreads but charge lower commissions whereas others have tighter spreads but higher commissions. The trading fees charged depend on the broker and it is imperative for traders to ensure that they thoroughly research trading and non-trading fees when choosing a broker to avoid incurring unnecessary, or hidden fees.

TradeStation does not charge commissions where Equity, ETF, or OTCBB, or Penny Stock, is traded for the first 10,000 shares in the order. Should shares be traded over this amount, a $0.005 fee is charged per share.

There may be other commissions applicable with this broker although this is not indicated on the website.

TradeStation waives an inactivity fee of $50 on the TS Select and TS Go accounts.

Tradestation Deposit and withdrawal

The minimum deposit required to register for the new TradeStation TS Go Pricing plan is $500 while it is $2,000 for the TS Select pricing plan.

Traders only have the option of making use of bank transfer when either depositing or withdrawing. US Clients have the option of making use of cheque through which deposits into the trading account can be made.

Both deposits and withdrawals can be made by using a Crypto-wallet, and the following cryptocurrencies are supported:

️​ Bitcoin, BTC

️​ Bitcoin Cash, BCH

️​ Ethereum, ETH

️​ Litecoin, LTC

️​ USD Dollar Coin, USDC

️​ Ripple, XRP

There is no deposit fee when funding the trading account, but a withdrawal fee applies. Despite the high fee on withdrawals, withdrawals are processed quickly.

When registering an Equities account, traders can only open the account in USD. When registering a Futures account, traders have the option to use any of the following currencies:

️​ USD

️​ EUR

️​ GBP

️​ AUD

️​ CAD

️​ HKD

️​ SGD

️​ CHF

️​ JPY

When in possession of an Equities account, traders can make use of an Automated Account Transfer, or otherwise known as ACAT. This allows for the electronic transfer of both cash and securities from one account to another financial institution.

TradeStation has a withdrawal fee of $35 for non-US clients and a fee of $25 for US clients.

Traders should note that third-party payments are prohibited and that withdrawals can only be made into a bank account which is in the same name of the trading account.

Tradestation Trading platforms

A Trading Platform is Forex trading software that is offered to traders by the broker through which trades can be executed. Some brokers make adequate provision for a proprietary platform instead of making use of a third-party developer.

TradeStation provides traders with access to the following trading platforms:

TradeStation 10 – which is TradeStation’s own proprietary trading platform.

A web-based platform, and

FuturesPlus is a trading platform that can be used to trade futures.

How to open an account

Traders can register a live trading account by selecting ‘Open Account’ from the banner located throughout the TradeStation website. The process is done online but may take up to several days to be approved.

Step 1 – Visit the TradeStation Website

Visit the official website of TradeStation.

Step 2 – Click on the “Open Account” tab

On the top right of the menu, click on the “Open Account” tab to start the process of opening an account.

Step 3 – Fill out the registration form

Fill out all the required details to finish setting up your account

Your account has been created.

While completing the application form online, traders will be required to enter personal information, employment information, financials, and trading experience.

Traders must also read, and agree to, the terms along with providing TradeStation consent to use the trader’s personal data for processing.

Once the trading account has been approved, traders must verify their identity by providing proof of identification, a copy of either a passport, driver’s licence, or national ID, in addition to proof of residence.

After this has been verified, the trader will be notified of the status of their application, and when successful, the trading account can be funded, and trading can commence.

Tradestation Customer support

Customer Support is one of the crucial factors that traders need to consider and investigate when choosing a broker through which to trade. This ensures that traders can obtain help on issues in a prompt, professional, and helpful manner whenever they need it. TradeStation’s customer support can be contacted either through phone, email, or Live Chat from Monday to Friday, 08H00 to 20H00 ET.

There is also the option of making use of a ChatBot for general inquiries.

Tradestation Education

Education tools and resources are crucial not only for beginner traders but for more experienced traders as well. When choosing a Forex broker, traders should be familiarized with the trading needs that they have, and brokers should make adequate provision for this.

TradeStation does not provide education services directly but makes great use of YouCanTrade.com, which can be accessed for educational presentations and other materials focused on trading.

Tradestation Research

Traders need access to a variety of research tools and resources to help them refine and improve their trading. Brokers should offer a variety of tools or ensure that trading software offered offers a suitable amount to ensure that trader’s needs can be met.

TradeStation offers a News lab that can be set up according to the trader’s preferences. There is general market news displayed on the TradeStation ‘Today’ page and in-house market commentary is provided and can be accessed on the desktop platform.

Tradestation Awards

Forex brokers are often honored with awards obtained from esteemed organizations, as well as publications. These count substantially towards the reputation of a broker as it highlights key areas where the broker shows exemplary performance.

Rewards such as these are either displayed on the homepage of the broker or can often be found under the ‘About’ section on the website.

Although TradeStation is highly praised and rated by its customers in personal reviews which can be found on the website, there is no substantial information available on the TradeStation homepage regarding any rewards the broker may have obtained.

Tradestation vs FXGlobe vs XM – A Comparison

Tradestation Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “Tradestation” is entered into Google’s search engine over a given period of time.

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

Conclusion

TradeStation is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, helping investors reach their objectives. It caters for all types of traders with different levels of experience.

SPREADEX has a range of financial instruments and markets.

Disclaimer

TradeStation warns traders of the risks involved with trading Forex and CFDs and such risks may not be suitable for all investors.

Traders need to adequately evaluate their risk tolerance, and their willingness to be exposed to such risks. Traders need to evaluate their trading objectives, personal financial situation, needs, and their level of experience before considering trading and investing.

Margin trading involves the potential for great profit, but also an equal loss of risk. Movements in financial markets are unpredictable and therefore TradeStation cannot guarantee a maximum loss which a trader may suffer, according to research in South Africa.

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

FAQ’s

Trading environment

How many instruments can I trade with TradeStation?

You can trade several different instruments with TradeStation, which includes 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:

TradeStation 10

Web-based platform

FuturesPlus

Does TradeStation offer leverage?

Yes. Ratios are not indicated.

What spreads can I expect with TradeStation?

TradeStation offers various spreads on various accounts. The information pertaining to this is not clearly stipulated and traders are advised to contact Customer Support for more information.

Does TradeStation charge a commission?

Precise information pertaining to this can be obtained by contacting Customer Support.

Is TradeStation regulated?

Yes. TradeStation is regulated by SEC and FINRA.

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

TradeStation offers a suitable trading environment for both beginners and experts.

What is the overall rating out of 10 for TradeStation?

7/10.

Accounts

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

A demo account is offered by broker companies and funded with virtual money. It enables a prospective customer to experiment with the broker’s trading platforms and its features, before setting up a real account funded with actual capital.

How long is the demo account valid?

The demo account can be used for 30 days.

Which live trading accounts does TradeStation offer?

TradeStation offers a variety of trading accounts according to financial instruments, ownership, and leverage.

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

USD amidst numerous others including cryptocurrency.

Deposits and withdrawals

What is the minimum deposit for TradeStation?

Between $500 and $2,000 depending on the option the trader chooses.

How do you make a deposit and withdrawal with TradeStation?

Non-US Clients can make use of Wire Transfers while US Clients can make use of Cheques.

How long does it take to make a withdrawal?

Depending on bank services it may take several days for the money to be available.