{"id":5094,"date":"2023-01-23T16:58:24","date_gmt":"2023-01-23T16:58:24","guid":{"rendered":"https:\/\/www.wallstreetzen.com\/blog\/?p=5094"},"modified":"2024-09-13T17:22:51","modified_gmt":"2024-09-13T17:22:51","slug":"tradestation-review","status":"publish","type":"post","link":"https:\/\/www.wallstreetzen.com\/blog\/tradestation-review\/","title":{"rendered":"TradeStation Review: Fees, Legitimacy, and Comparisons"},"content":{"rendered":"\n<p>Active&nbsp;traders need an online broker with low fees, powerful technology, and fast executions.<\/p>\n\n\n\n<p>Do some research on online brokers, and you\u2019ll soon find that <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;ranks in the top tier of every category.<\/p>\n\n\n\n<p>TradeStation doesn\u2019t offer the full services that you\u2019ll find at brick-and-mortar brokerages, like professional account managers. It was built by traders, for traders.<\/p>\n\n\n\n<p>It\u2019s this focus that makes TradeStation the best trading platform for active traders (both day and swing traders).<\/p>\n\n\n\n<p>This TradeStation review takes a deeper dive into the features that make TradeStation our most recommended day trading broker &#8211; and platform!<\/p>\n\n\n\n<h2 id=\"h.gfeglxax4r4e\"><strong>TradeStation Review: Is TradeStation Legit?<\/strong><\/h2>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/Tradestation-Review.png\" alt=\"Tradestation review\"\/><\/a><\/figure><\/div>\n\n\n<p><strong>The Bottom Line: <\/strong>Yes, TradeStation is legit &#8211; it\u2019s our most recommended day trading brokerage in 2026.<\/p>\n\n\n\n<p>It\u2019s my favorite trading brokerage because of its sophisticated (yet intuitive) platform that is known for its speed, low fees, and advanced strategy analysis tools that successful traders need.<\/p>\n\n\n\n<p>Unlike every other brokerage I\u2019ve used, there is not a single bad trade I can blame on <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;&#8211; no faulty or lagging executions. If I lost money, it was my fault.<\/p>\n\n\n\n<p>To me, that\u2019s the best day trading brokerage I can imagine.<\/p>\n\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><strong>Get started on TradeStation<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 id=\"h.sfmpyx1rzz4l\"><strong>Who is TradeStation Best For?<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;is a powerful broker for every type of active trading style and asset class variation.<\/p>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/TradeStation-Review-1.png\" alt=\"Tradestation review\"\/><\/a><\/figure><\/div>\n\n\n<p>While long-term investors can use it, it\u2019s definitely not made for this style of investing.<\/p>\n\n\n\n<p>It is best suited for more advanced traders who will make proper use of its capabilities. While the platform can be overwhelming for new traders, novices will find it becomes intuitive the more you use it (even if they aren\u2019t using all of its features).<\/p>\n\n\n\n<p>Plus, if a new trader sticks with active trading, they can \u201cgrow into\u201d <a rel=\"noopener\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\">TradeStation\u2019s more advanced features<\/a>.<\/p>\n\n\n\n<p>TradeStation is best for:<\/p>\n\n\n\n<ol><ul><li>Day traders and swing traders\n<li>Traders who want access to a broad range of asset classes\n<li>Traders seeking intuitive tools for technical analysis and charting\n<li>Traders who want access to a wide range of markets and trading tools<\/ul><\/ol>\n\n\n    <div id=\"callout-box-block_68a530c00da449bed4a05de816560053\" class=\"callout-box info\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon info\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M12 3c-.46 0-.93.04-1.4.14-2.76.53-4.96 2.76-5.48 5.52-.48 2.61.48 5.01 2.22 6.56.43.38.66.91.66 1.47V19c0 1.1.9 2 2 2h.28c.35.6.98 1 1.72 1s1.38-.4 1.72-1H14c1.1 0 2-.9 2-2v-2.31c0-.55.22-1.09.64-1.46C18.09 13.95 19 12.08 19 10c0-3.87-3.13-7-7-7zm2 16h-4v-1h4v1zm0-2h-4v-1h4v1zm-1.5-5.59V14h-1v-2.59L9.67 9.59l.71-.71L12 10.5l1.62-1.62.71.71-1.83 1.82z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Advanced and active traders will feel at home with TradeStation\u2019s broker and platform offerings. If you\u2019re looking for more assistance in long-term investing and money management, this is not the best platform for you.<\/p>\n<\/div>\n    <\/div>\n\n\n\n<h2 id=\"h.5xc9fazhusd4\"><strong>TradeStation\u2019s Key Features<\/strong><\/h2>\n\n\n\n<p>Active traders appreciate TradeStation\u2019s strengths: Lightning-fast executions and low fees.<\/p>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-charting.png\" alt=\"Tradestation charting\"\/><\/a><\/figure><\/div>\n\n\n<p>TradeStation\u2019s average order is executed in 0.038 seconds. That matters to traders looking to get the best price on their orders &#8211; which should be everyone. <\/p>\n\n\n\n<p>There are no TradeStation fees or commissions for orders on stocks and ETFs. <\/p>\n\n\n\n<p>Plus, the technology that powers TradeStation\u2019s trading platforms is what its success is built on, and it hasn\u2019t stopped innovating.<\/p>\n\n\n\n<p>Here\u2019s a run-down of TradeStation\u2019s top features:<\/p>\n\n\n\n<ol><ul><li><strong><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">RadarScreen<\/a><\/strong>&nbsp;&#8211; a supercharged stock screener, incorporating alerts and real-time watchlists\n<li><strong><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">Matrix<\/a><\/strong>&nbsp;&#8211; a do-it-all command window, integrating market depth, buy and sell signals, and an order-entry tool\n<li><strong><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">Window Linking<\/a><\/strong>&nbsp;&#8211;&nbsp;allows you to list related tickers in one window, then switch between their charts in another window\n<li><strong><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">EasyLanguage<\/a><\/strong>&nbsp;&#8211; TradeStation\u2019s intuitive programming language allows non-coders to automate trading strategies\n<li><strong><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">OptionStation Pro<\/a><\/strong>&nbsp;&#8211; this options analysis tool lets you visualize your options trades, calculating their chances for success\n<\/ul><\/ol>\n\n\n\n<h2 id=\"h.ojlo8a23wigq\"><strong>Tradable Assets<\/strong><\/h2>\n\n\n\n<p>TradeStation\u2019s range of asset classes is hard to beat. If you\u2019re looking to trade or invest in any of the following, TradeStation will have you well covered:<\/p>\n\n\n\n<ol><ul><li>Full access to U.S. stock markets\n<li>Over 2,000 commission-free ETFs\n<li>Mutual Funds\n<li>Options\n<li>Bonds\n<li>Futures\n<li>Micro Futures\n<li>Future Options\n<li>Cryptocurrency trading in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC) available on the TSCrypto platform\n\n\n\n<p>You can trade these assets in individual brokerage accounts and Traditional, Roth, and rollover IRAs.<\/p>\n\n\n\n<h2 id=\"h.gkn6zkmlwmvv\"><strong>Charting<\/strong><\/h2>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-19-at-8.05.57-PM.png\" alt=\"tradestation review\"\/><\/a><\/figure><\/div>\n\n\n<p>There are 2 different solutions for TradeStation charts.<\/p>\n\n\n\n<p>Firstly, <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation\u2019s charts<\/a>&nbsp;are one of the main attractions of the platform for many investors. TradeStation charts are incredibly versatile &#8211; there is limitless customizability.<\/p>\n\n\n\n<p>Secondly, if you prefer a more structured and modern experience, TradeStation users can plug into TradingView. By doing so, you can trade directly from TradingView charts:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-x-tradingview.png\" alt=\"Tradestation charting\" class=\"wp-image-5121\" srcset=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-x-tradingview.png 1024w, https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-x-tradingview-768x432.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While I would rank TradeStation as the best day trading brokerage and TradingView as the best charting software even if they weren\u2019t able to connect, the synergy created by using the two in concert is the best trading experience I\u2019ve ever had.<\/p>\n\n\n\n<p>I\u2019ll never go back to my pre- TradeStation x TradingView days.<\/p>\n\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradingview-pro\/\" target=\"_blank\" rel=\"noopener\"><strong>Check out TradingView here<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n    <div id=\"callout-box-block_483688250751cfba1bc59dfa3805f518\" class=\"callout-box info\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon info\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M12 3c-.46 0-.93.04-1.4.14-2.76.53-4.96 2.76-5.48 5.52-.48 2.61.48 5.01 2.22 6.56.43.38.66.91.66 1.47V19c0 1.1.9 2 2 2h.28c.35.6.98 1 1.72 1s1.38-.4 1.72-1H14c1.1 0 2-.9 2-2v-2.31c0-.55.22-1.09.64-1.46C18.09 13.95 19 12.08 19 10c0-3.87-3.13-7-7-7zm2 16h-4v-1h4v1zm0-2h-4v-1h4v1zm-1.5-5.59V14h-1v-2.59L9.67 9.59l.71-.71L12 10.5l1.62-1.62.71.71-1.83 1.82z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Check out our <a href=\"https:\/\/www.wallstreetzen.com\/blog\/tradingview-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">TradingView review<\/a>.<\/p>\n<\/div>\n    <\/div>\n\n\n\n<h2 id=\"h.5mfqtmx02nvz\"><strong>Trading Platforms<\/strong><\/h2>\n\n\n\n<p>TradeStation\u2019s various trading platforms are geared toward different trading products and user experiences.<\/p>\n\n\n\n<h3 id=\"h.pb49z7swmw7\"><strong>TradeStation Desktop<\/strong><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation Desktop<\/a> is TradeStation\u2019s core product. It\u2019s available for Windows, and Mac.<\/p>\n\n\n\n<p>All of TradeStation\u2019s most impressive features, like RadarScreen\u2019s watchlists with their 329 customizable criteria, can be found here. There are over 300 indicators to use on the program\u2019s dynamic charts.<\/p>\n\n\n\n<h3 id=\"h.kf3i8jzgzqjp\"><strong>TradeStation Mobile<\/strong><\/h3>\n\n\n\n<p>The mobile app is available on iOS and Android. It features 44 of TradeStation\u2019s most popular technical indicators, as well as drawing tools that can work with a stylus.<\/p>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-mobile.png\" alt=\"Tradestation mobile\"\/><\/a><\/figure><\/div>\n\n\n<h3 id=\"h.40ownlypdecd\"><strong>TradeStation Web Trading<\/strong><\/h3>\n\n\n\n<p>TradeStation Web Trading works on Mac and PC web browsers, using the mobile platform engine.<\/p>\n\n\n\n<h3 id=\"h.seav1wphnm91\"><strong>TSCrypto<\/strong><\/h3>\n\n\n\n<p>TSCrypto is a standalone platform that supports the trading of four cryptocurrencies and one stablecoin.<\/p>\n\n\n\n<h3 id=\"h.hxejx3pwigko\"><strong>FuturesPlus <\/strong><\/h3>\n\n\n\n<p>A standalone app for trading options on futures. The app provides price visualization, customized strategy builders, advanced contract analysis, an accurate time and sales window, and heavy-duty risk management.<\/p>\n\n\n\n<h2 id=\"h.vpbaqwgl9pgj\"><strong>Other Tools &amp; Resources<\/strong><\/h2>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/tradestation-web-trading.png\" alt=\"Tradestation web trading\"\/><\/a><\/figure><\/div>\n\n\n<p>If you\u2019re looking to get even more out of TradeStation, it also offers:<\/p>\n\n\n\n<h3 id=\"h.em6w525fqxpl\"><strong>Discussion Forums<\/strong><\/h3>\n\n\n\n<p>If you like bouncing ideas and market insights with other expert &#8211; and not-so-expert &#8211; traders, you\u2019ll like the TradeStation Forum. The market is made up of traders; knowing current sentiment can help your trading immensely.<\/p>\n\n\n\n<h3 id=\"h.z45j2dyjyfa4\"><strong>TradeStation Simulator<\/strong><\/h3>\n\n\n\n<p>You don\u2019t have to trade before you\u2019re ready to access TradeStation\u2019s charting. Its free trading simulator is just as powerful as the main application, with real-time executions and historical data.<\/p>\n\n\n\n<p>TradeStation\u2019s technology advantage comes into play with flexible back-testing and all the technical analysis that real-money traders get access to.<\/p>\n\n\n\n<h3 id=\"h.frxxz1ouh9ea\"><strong>Research and Educational Content<\/strong><\/h3>\n\n\n<div class=\"wp-block-image aligncenter\">\n<figure class=\"\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-19-at-8.13.35-PM.png\" alt=\"Tradestation strategy automation process\"\/><\/a><\/figure><\/div>\n\n\n<p>The platform doesn\u2019t lean into the featured analysts and research reports favored by some fundamental investors.<\/p>\n\n\n\n<p>But if you\u2019re looking to combine fundamental data with technical analysis, TradeStation can map a wide range of fundamentals onto its charts.<\/p>\n\n\n\n<p>Education is another strength of TradeStation. The broker has a well-structured educational curriculum on the YouCanTrade YouTube channel, geared to both beginning traders and those looking to understand the TradeStation platform better.<\/p>\n\n\n\n<p>One-on-one training sessions are also available.<\/p>\n\n\n\n<h2 id=\"h.yjogr9bnbxaw\"><strong>TradeStation Fees &amp; Cost<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;doesn\u2019t have account minimums or charge commissions for buying shares of a stock or ETF. <\/p>\n\n\n\n<p>For options trading, there is a $0.60 charge per contract. TradeStation\u2019s margin rates at the time of this writing start at 12.5% for small account traders, and can get as low as 3.5% for larger accounts.<\/p>\n\n\n\n<p>A few years ago, TradeStation divided its offerings into two tiers &#8211; TS Go and TS Select. TS Go is currently being phased out, so new members will get access to TS Select\u2019s superior offerings.<\/p>\n\n\n\n<p><strong>Here\u2019s an overview of TradeStation pricing for US residents:<\/strong><\/p>\n\n\n\n<h2><strong>TradeStation Pricing Structure<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout mtr-table mtr-tr-td\"><tbody><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\"><\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\"><strong>TS Select<\/strong><\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Desktop Trading<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">Free<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Web Trading<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">Free<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Mobile Trading<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">Free<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Stock\/ETF Trade Costs<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">$0 commissions (up to 10,000 shares)<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Margin Rates<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">\u2022 Accounts &lt; $50,000: 13.5%<br>\u2022 Accounts from $50,000\u2013$499,999: 12.5%<br>\u2022 Accounts &gt; $500,000: Negotiated<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Option Trade Costs<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">$0 commission + $0.60 per contract<\/div><\/td><\/tr><tr><td class=\"has-text-align-left mtr-td-tag\" data-align=\"left\" data-mtr-content=\"\"><div class=\"mtr-cell-content\">Futures Trade Costs<\/div><\/td><td class=\"has-text-align-center mtr-td-tag\" data-align=\"center\" data-mtr-content=\"TS Select\"><div class=\"mtr-cell-content\">$0 commission + $1.50 per contract, per side<\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h.xqvt1tgknb1z\"><strong>Pros and Cons of TradeStation<\/strong><\/h2>\n\n\n\n<p>I consider <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;the best online broker for active trading because of its low costs, quick executions, and technology advantages.<\/p>\n\n\n\n<p>Check out this list to see if TradeStation will be the best broker for you:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout mtr-table mtr-thead-th\"><thead><tr><th data-mtr-content=\"Pros\" class=\"mtr-th-tag\"><div class=\"mtr-cell-content\">Pros<\/div><\/th><th data-mtr-content=\"Cons\" class=\"mtr-th-tag\"><div class=\"mtr-cell-content\">Cons<\/div><\/th><\/tr><\/thead><tbody><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Low fees and no commissions<\/div><\/td><td data-mtr-content=\"Cons\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">No credit card deposits. Bank transfers only, with a fee for wire transfer withdrawals<\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Fast executions on stock and options trades<\/div><\/td><td data-mtr-content=\"Cons\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Forex trading only available with TradeStation Global<\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">High-level education tools<\/div><\/td><td data-mtr-content=\"Cons\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">A lack of research reports and other standbys of passive wealth management<\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Great technology free with the TradeStation platform<\/div><\/td><td data-mtr-content=\"Cons\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Level I and Level II real-time data costs extra for OTC stocks<\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h.fzouognhvoll\"><strong>Final Word: TradeStation Review<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;is the best broker for most traders because of its versatile technology and wide range of tradable assets. No matter your trading style or focus, you\u2019ll likely find a match in TradeStation. <\/p>\n\n\n\n<p>If you\u2019re looking for exceptional charting with a high degree of customizability, look no further than TradeStation.<\/p>\n\n\n\n<p>But if you are more of a buy-and-hold, long-term investor, or someone looking for a managed portfolio, we recommend choosing a full-service brokerage.<\/p>\n\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><strong>Open an account on TradeStation<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n\t\t<div class=\"wp-faq-schema-wrap\">\n\t\t\t\t\t\t\t<h2>FAQs:<\/h2>\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<h3>Can TradeStation be trusted?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Yes, TradeStation can be trusted.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>It was established in 1982, has maintained a stellar reputation, and is regulated just as strictly as other online brokers. That doesn\u2019t mean you won\u2019t lose money - make sure you understand the risks before you trade.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>How much are TradeStation costs per month?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>TradeStation\u2019s basic costs per month are minimal. There is no minimum for opening a brokerage account, which gives you free access to TradeStation\u2019s trading platforms. If you\u2019re outside of the U.S. and only want to use the powerful desktop platform, it will cost you $99 per month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>Is my money safe with TradeStation?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Yes, your money is safe with TradeStation.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>The platform's U.S. accounts are protected by SIPC insurance, which will safeguard up to $500,000 in securities and cash. Customer data is protected by 256-bit data encryption (TLS\/SSL) and advanced firewalls, with alerts initiated whenever significant changes are made to customer accounts.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>How much do you need to trade on TradeStation?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>TradeStation requires no account minimum to start trading. If you want to trade on margin, a $2,000 account minimum is required.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Active&nbsp;traders need an online broker with low fees, powerful technology, and fast executions. Do some research on online brokers, and you\u2019ll soon find that TradeStation&nbsp;ranks in the top tier of every category. TradeStation doesn\u2019t offer the full services that you\u2019ll find at brick-and-mortar brokerages, like professional account managers. It was built by traders, for traders. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":5088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false},"categories":[43],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TradeStation Review: Fees, Legitimacy, and Comparisons<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wallstreetzen.com\/blog\/tradestation-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TradeStation Review: Fees, Legitimacy, and Comparisons\" \/>\n<meta property=\"og:description\" content=\"Active&nbsp;traders need an online broker with low fees, powerful technology, and fast executions. Do some research on online brokers, and you\u2019ll soon find that TradeStation&nbsp;ranks in the top tier of every category. TradeStation doesn\u2019t offer the full services that you\u2019ll find at brick-and-mortar brokerages, like professional account managers. It was built by traders, for traders. 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