TradeStation Commissions
- first 500 shares $0.01 per share, $0.006 per share thereafter, $1 minimum per trade for stocks and ETFs
- Stocks and ETFs Flat-Rate Plan: 1 to 9 trades/month - $9.99/trade; 10 to 29 trades/month - $7.99/trade; 30 or more trades/month - $6.99/trade
- Options: $1 per contract with no ticket charge and no minimum
- Futures: 25ยข - $1.20 per side, per contract + exchange, regulatory & overnight fees
- Mutual funds: $14.95
- Bonds: $14.95 plus $5 per bond
TradeStation Important Fees and Surcharges
- IRA setup fee: $0
- annual IRA fee: $35
- IRA Account Closure: $30
- TradeStation IRA Account Termination: $50
TradeStation Pros
- Powerful trading platform with trading modeling functionality
- Rich selection of investment products
- Online social networking
TradeStation Cons
- $99.95 fee to use TradeStation Platform if not traded at least 5,000 shares in previous month
- High stock commissions
- Market data fees
- $35 annual IRA fee
- Trading platform could be hard to use for beginners
TradeStation Account Types
- Individual
- Joint with Right of Survivorship
- Joint as Tenants-in-Common
- Traditional IRA
- Roth IRA
- Sep IRA
- Corporate
- General Partnership
- Limited Partnership
- Trust
- Limited Liability Company
- Sole Proprietorship
TradeStation Review
TradeStation offers two commission plans: pay-per-share and flat-rate. Flat-rate commissions are slightly
higher than average in the industry: $8 per stock and ETF trade on average. Pay-per-share commission plan
is also higher than at the best competitors, and it comes with additional cost: customers have to trade at least 5,000 shares a month
to avoid very steep $99.95 per month fee for using TradeStation Platform.
Minimum to open cash account is $5,000 for non-daytraders, and $30,000 for day-traders.
TradeStation developed one of the best trading platforms in the industry. The brokerage is used primaraly by
futures and options traders because of low futures/options commissions. Since TradeStation's trading platform is so powerdul with all
bells and whistles professional trader needs, it also becomes hard to master for beginner investors.
Because of $35 annual IRA fee, TradeStation is not a good option for a brokerage individual retirement account. There are plenty of
online brokers that do not charge IRA fees.
We recommend opening TradeStation brokerage account for futures and options traders.
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