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Trading Tools
TradeStation's direct-access platform is one of the best in the industry. It offers all the sophisticated trading tools investors can expect to find in professional trading software. Equities, futures, options, and forex can all be traded from the platform.
The broker's back-testing software is very popular among futures traders. Order entry and execution are flawless. The platform is fully customizable.
One of the most valuable tools in the platform is the simulator, which allows users to try out their trading plans and ideas in a simulated scenario without putting real money on the line. Traders can create different custom trading strategies and back test them before placing an actual trade. Users can also follow market trends and plan strategies according to the trends. TradeStation delivers this through a comprehensive database, consisting of historical market data and analysis.
The platform has useful testing tools, powerful strategy creation, and custom-built analytics. It is very popular among futures traders because of excellent futures trading tools and low commissions ($1.20 to $0.25 per contract). The advanced trading platform is difficult to learn, and might be too complex for novice investors.
Sophisticated smartphone and tablet applications are available for Apple and Android. Users rated apps at 4.5 stars at iTunes and Google Play stores.
TradeStation app clients can access core features of award-winning desktop platform and their TradeStation accounts in real time. They can set
price and volume alerts or use their iPhone or iPad to chart, trade and monitor their portfolio on the go.
Awards
TradeStation has won numerous awards. For example, Kiplinger’s Personal Finance named TradeStation as “Best for Active Stock Traders”. Barron's gave TradeStation the highest rating for "Best for Frequent Traders" and "Best for International Traders" categories. The broker also received high ratings in six major categories in the Technical Analysis of Stocks and Commodities (TASC) Readers' Choice Awards. TASC readers voted TradeStation "Best Trading System for Stocks" and "Best Trading System for Futures". TradeStation has also won awards for "Best Institutional Platform", "Best Professional Platform", and "Best for Real-Time Data". For several years, we have rated TradeStation "Best for Futures Trading" and "Best for International Investors".
Alternative Investments
In addition to stocks and ETFs, TradeStation also offers options, mutual funds, fixed income, forex, futures, and over-the-counter stocks.
Brokerage Highlights
TradeStation offers webinars throughout the week to keep investors knowledgeable of market trends. For example, traders can take webinars on the
futures market or a daily stock market session.
TradeStation Cons
Mutual fund selection. TradeStation does not publish the number of funds it has. It probably has fewer funds than most prominent brokers. The lack of NTF funds is another disappointment.
Fees for market data. TradeStation still charges for many data packages, including Level II quotes, which are free at TD Ameritrade.
Fixed-income securities. The broker charges $5 per trade for bonds, with a $14.95 minimum. U.S. Treasuries are not exempt from this price. U.S. debt has no commissions at many other broker-dealers, although there may be a markup/markdown.
No dividend reinvestment. TradeStation does not offer DRIP service, even for clients who are willing to pay for it.
Tradestation Promotion
Get Up to $3,500 with a Qualifying Deposit.
Open Tradestation Account
