TradeStation reviews, ratings, pros and cons, complaints from brokerage customers

TradeStation Ratings

TradeStation average user rating: brokerage firms reviews

TradeStation BrokerageReviews.org rating: 4-star brokerage firm rating

TradeStation Review: Stocks, ETFs & Options Trading Commissions

Stocks and ETFs Per-Share: First 500 shares $.01 per share, $.006 per share thereafter. $1 minimum per trade
Stocks and ETFs Flat-Rate: 1 to 9 trades - $9.99/trade; 10 to 29 trades - $7.99/trade; 30 or more trades - $6.99/trade
Options: $1 per contract with no ticket charge and no minimum
Futures: 25¢ - $1.20 per side, per contract + exchange, regulatory & overnight fees
Mutual funds: $14.95
Bonds: $14.95 plus $5 per bond
T-Bills: equities - $50, futures - $10
OTCBB: $9.99 (100,000 share position maximum)
Pink Sheet Stocks: $9.99 (100,000 share position maximum)

Minimum To Open TradeStation Online Brokerage Account

Annual net income of at least $50,000 and liquid net worth of at least $75,000. Minimum initial Equities account balance: $30,000 for Pattern Day Trading Accounts, $10,000 for Non-Day Trading Accounts. Ability to use risk capital of at least $50,000.

TradeStation Promotional Code/Offer/Bonus 2012

(no promotional offers at this time)

TradeStation Reviews


by John, 11/22/2011 Pros: Cons: If you want to deal with sleasy car-sales person kind of people, go ahead open your tradestation account. High data fees. Trading fees don't make up for it. Poor customer service. Platform does not work with most firewalls. Web based access is extremly limited.
by Angelajk, 10/21/2010 Pros: Cons: There are lots of little things with TS that irritate me..... The EZ Language is nice but lots of alerts and datafeeds just don't execute an efficient, timely way.... I think you can find other apps to do the same thing more efficiently.... The account managment is not good, difficulties transfering money.... changing account statuses.... the platform fees seem high, there is a reason the tradestation stock price failed to perform over the years.
by Demersal, 10/21/2010 Pros: Cons: TradeStation is definitely among the best for a reason. The platform is truly amazing, the customer support is even better, and the entire "customer experience" is first-class without a doubt. If you trade more than 5k shares/month, the platform and scanner is free, with minor exchange fees (i.e. $4/month for NYSE/NASDAQ/AMEX). And for the price, wow you definitely can't beat it. More customizations than almost any other brokerage, complex and conditional orders supported, etc. And charting, scanning, rule-based trading, backtesting, automation, EVERYTHING is just beautiful and fully supported and reliable and amazing. The community is extremely active, and there are forum answers to almost every question, no matter how detailed. This is definitely a brokerage for life. I've been with them for two years, and despite many other brokerages that have fallen by the wayside, Tradestation will be my broker for life. They also enforce Pattern Day Trading mechanically, meaning you physically cannot go over PDT regulations. It's electronically impossible. This is very nice for discipline :-). Tradestation is amazing. Their commissions are a little high, but it's worth it for the platform and the service and mechanically-enforced discipline.
by TraDaToR, 9/11/2010 Pros: Cons: Good: - Reliable automation - Quite reliable platform and trading network - Nice Matrix for order entry - Nice charting - Free platform Bad: - Horrible datas( missing sizes everywhere on futures ) - Impossible to use bid-ask real time quotes to program( tick snapshot ) - No calendar spread trading
by Daytradz, 7/9/2010 Pros: Cons: The customer services is the worst. The company trys to find any fee they to charge clients and the customer service could care less about the client. The platform is great, but they will find a way to make you pay more.
by Rabbitone, 4/20/2010 Pros: Cons: I have had 2 TradeStation accounts for 3 years (one I recently closed). Tradestation account management functions are what you would expect from a brokerage 40 years ago. The lack of unified financial data on their screens gives the appearance that a group of amateurs is managing the deposited funds. Their “Customer service” is very rude. When my mother passed away recently they demanded that I submit 2 types of notarized Florida affidavits to transfer the account to myself. They refused to give me example documents. My lawyers comment was “…close that account and find a reputable broker. I withdrew all the funds and went to IB. Tradestation tech support and Tradestation reliability are poor. A technician recently messed up a procedure to reinstate all of the file icons on my desktops. All of the workspaces were detached from my desktops (leaving the desktops empty). This is typical. Tradestation does have a stable programming language. However, they have done precious little to add meaningful additions to it. In all fairness many beginning traders will learn better in this environment because of the large base of programming available. For the cost of the data, it should be timelier. There are too many delays in transmission. I am only there until I can convert my applications to Multicharts.
by colonelangus, 4/2/2010 Pros: Cons: i like the order execution and charting software better than IB's but not quite with IB on the commissions or margins. executions seem similar.
by Chris Dunn, 2/26/2010 Pros: Cons: I use TradeStation to trade the e-minis. The ability to customize virtually every aspect of charting is a great tool for pro traders. Over-all, I like EasyLanguage, and the software program. The biggest con is their matrix. I haven't had many issues with slippage, but the functionality of the matrix has some notable issues.
by ML QUANT, 11/24/2009 Pros: Cons: I had it run side by side with NT/ZEN that kept up beautifully and this ridiculous Tradestation platform disconnected at the worst time more than once and then fell behind more than I could keep count!!! Why on earth would any day trader suffer losses and reward these prehistorical platform run by a bunch of Market Cons who don't give a damn about their clients? What is interesting is that Zen sends unfiltered ticks and TS filters heavily and still fall behind minutes. On TS I just had T&S for the ES/NQ running, my connection is 1 Meg.!

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TradeStation reviewed by BrokerageReview.org users. 9 customer reviews. Rating: 3.

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