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TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.

TradeStation has great web and mobile trading platforms, which are user-friendly and well-designed. Trading fees are average across the board, and we also liked TradeStation’s research and educational tools.

On the negative side, similarly to most US brokers, TradeStation doesn’t support deposits by bank card. Forex trading is not available, and customer service could be improved.

Fees

TradeStation has average trading fees, and you can choose from multiple fee structures. On the negative side, there’s an inactivity fee and only ACH is free for withdrawals.

We compared TradeStation’s fees with two similar brokers we selected, tastytrade and Interactive Brokers. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of TradeStation alternatives.

Low stock and ETF commission

TradeStation US stock fees are higher than the industry average. US stock fees are calculated as follows: $5 per trade for non-US clients. For US clients, commission-free up to the first 10,000 shares per trade.

The commission for stocks and ETFs is $5 per trade. Commission-free trading of equities and ETFs is available if you are a US resident.

High margin rates

TradeStation USD margin rate fees are higher than the industry average. USD margin rate fees are calculated as follows: For positions less than $50,000: 12.5% per year

Average options commission

TradeStation US stock index options fees are slightly lower than the industry average. US stock index options fees are calculated as follows: For US clients: $0.6 per contract; for non-US clients: $5 flat fee plus $0.6 per contract.

Low inactivity fee, no withdrawal fee

There is an inactivity fee of $10/month, but it’s waived if you made 10 or more trades in the prior 90 days or have a $5,000 average end-of-month balance.

There is no fee for deposits and for withdrawals using ACH. However, for bank wire or international bank wire withdrawals, there’s a $25 and $35 fee, respectively.

Other commissions and fees

High mutual fund commission: trading mutual funds involves the following charges: $14.95 per transaction.

Low futures fees: US index futures fees are as follows: $1.5 per contract for standard products, $0.5 per contract for micro products.

High bond commission: US treasury bonds come with the following charges: $50 per trade.

Safety

TradeStation is a legit brokerage. It is overseen by top-tier US regulators, and its parent company is publicly listed, boosting transparency. However, negative balance protection is not provided.

Mobile app

TradeStation’s mobile platform is great. It is very user-friendly and well-designed, offering price alerts and excellent order management. However, the search function could be better.

Desktop platform

TradeStation offers a desktop trading platform with many advanced features and customization options. For that reason, though, it is not really suitable for beginners.

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TradeStation
1.5/10