The TradeStation website is neatly designed to provide all the information a potential client needs to start trading with them. Everything is conveniently located and easy to find.
TradeStation is among the more expensive brokers to use, and a trader should take the steep rates into consideration when deciding if this is the broker for them.
The best parts about choosing TradeStation are the $0 commission fees, originating from the introduction of the new plans: TS GO and TS Select. These plans enable a client to trade stocks, exchange-traded funds, and trade options with no commission. There is only a $10 commission for any trades TS GO users do on the Desktop platform. These pricing plans are limited to up to 10,000 shares per trade. For larger volumes of trades, there are 2 extra plans to select from. A per-share unbundled pricing is also available. Potential clients may agree it’s worth taking the time to research the full terms of each of these pricing plans before deciding which is best for them.
TradeStation is famous for its well-developed desktop platform. This is the platform used by TS Select users. The platform enables users to personalize their trading method and test out and automate their personal strategies. Users can change the visibility of the platform with a wide variety of colors made to highlight the data they find significant. The platform has a simulator where users can “practice” and test out their trading methods and strategies.
Another benefit of TradeStation is the large collection of educational resources available to its users. This includes e-books, tutorials, and daily market updates. There is ever a traders-wiki section and discussion forums where traders can help other traders.
TradeStation is one of the few brokers offering crypto trades, and with a 0.5% commission, this is a very appealing place for crypto trading.
This is a great broker for the more experienced traders, but not necessarily for inexperienced ones, as the pricing structures can easily cause confusion. That said, this broker has around 30 years of experience in the industry, which is nothing to scoff at.