Reviews

TradeStation Review

3 Mins read
9.2

TradeStation is an online brokerage firm that provides investors with access to the global markets. It offers a wide range of products and services, from trading stocks and options to futures and forex trading. TradeStation also has powerful tools for charting and technical analysis, as well as backtesting capabilities for testing strategies before making real trades. In this review, we will cover all aspects of TradeStation’s platform, including its features, fees, customer service, research materials, and more.

Features

  1. Trading Platform: TradeStation offers both its proprietary platform as well as the popular MetaTrader 4 (MT4) platform. It is easy to use and comes with a wide range of features, including customizable charts, powerful indicators, trader-friendly tools such as the Strategy Builder, backtesting capabilities, and an array of order types.
  2. Trading Tools: TradeStation also provides access to advanced trading tools for charting and technical analysis. These include more than 100 built-in studies and drawing instruments, time & sales data for market depth analysis, spreadsheets for tracking earnings results or other data points, etc.
  3. Research: TradeStation has comprehensive research materials available on its website and through its mobile app. Their resources include in-depth market analysis, company and sector-specific research, news & events, trading strategies, and more.
  4.  Fees: TradeStation offers competitive fees for stocks, options, futures, and forex. They have no minimum balance requirements or maintenance fees and offer discounts for larger trades. 
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Pricing

TradeStation offers different pricing plans depending on the user’s needs. The options include:

  • TS Select: This plan includes zero commission fees for equities and ETFs, with a per-share charge of $0.01. It also has access to advanced features such as RadarScreen and OptionStation Pro. The cost is $0 for account minimums of $2,000 or more.
  • TS Go: This plan has a slightly higher commission rate of $0.06 per share, but there are no account minimums or monthly fees. It gives access to basic features and tools such as charting and scanning tools, but not the more advanced offerings.
  • TS Select: This plan includes zero commission fees for equities and ETFs, with a per-share charge of $0.01. It also has access to advanced features such as RadarScreen and OptionStation Pro. The cost is $0 for account minimums of $2,000 or more.

User Experience

The TradeStation platform offers a user-friendly experience with a clean interface that is easy to navigate. The customizable settings and intuitive design make it easy to personalize the trading experience. The platform runs smoothly and quickly, without any lags or crashes. Additionally, TradeStation provides ample resources and educational materials to help users learn how to use the platform effectively. Overall, TradeStation offers a great user experience for both novice and advanced traders.

Customer Service

TradeStation offers a few different ways to contact customer service for assistance with the platform:

  • Phone: Users can call TradeStation’s customer service phone line for assistance with their account and platform issues.
  • Email: Users can also send an email to TradeStation’s customer service team for assistance.
  • Live Chat: Live chat support is also available through the TradeStation website during select hours.

Mobile Trading

TradeStation offers a mobile app for both iOS and Android devices, allowing users to trade on the go. The mobile app offers a user-friendly interface that is easy to navigate, with customizable settings and real-time market data. Using the mobile app, users can monitor their account, place trades, and access charts and technical indicators. Additionally, the app has a biometric login feature that allows for secure access to the user’s account. However, it’s important to note that not all of the desktop platform’s features are available on the mobile app. Overall, TradeStation’s mobile app provides a convenient way for users to manage their trades and accounts while on the go.

Security

TradeStation Security

TradeStation places a high value on security, taking extensive measures to protect users’ sensitive information and transactions.

The company uses 128-bit SSL encryption to secure all data transmitted between the client and the server, including login credentials, trading information, and other personal data. Additionally, TradeStation utilizes multi-factor authentication to add an extra layer of protection to users’ login credentials.

TradeStation also employs physical and electronic security measures to protect its infrastructure from unauthorized access, including 24/7 video surveillance and access controls.

Overall, TradeStation’s security measures appear to be robust and effective, providing users with peace of mind when it comes to their personal and financial data.

Summary

9.2
TradeStation is a powerful online trading platform and brokerage offering competitive pricing, advanced features, and accessible customer service. Its user-friendly interface and range of tools make it a suitable choice for both novice and experienced traders. Additionally, TradeStation takes security seriously, employing various measures to protect users' data from unauthorized access. Having considered all these factors, TradeStation appears to be an excellent option for traders looking for an online trading platform.
10.0

Pricing:

8.0

Features:

8.0

Usability:

10.0

Education & Resources:

10.0

Security:

Pros

  • +Competitive pricing for stocks, options, ETFs
  • +Advanced features such as RadarScreen and OptionStation Pro
  • +Easy-to-use interface with customizable settings
  • +Ample educational materials and resources
  • +Secure infrastructure with 128-bit SSL encryption and multi-factor authentication

Cons

  • -Limited features available on the mobile app
  • -Per share charge for certain ETFs
  • -No virtual trading platform available
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