Stock Broker Reviews



TradeStation review 2010


TradeStation review 2010: professional, well-designed trading platform, cheap futures trading, but expensive to trade stocks and ETFs

TradeStation 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)
  • Investment products: stocks, options, mutual funds, bonds, futures, T-Bills, OTCBB, Pink Sheet Stocks, ETFs
  • Minimum to open account: $30,000


TradeStation.com Trading Tools Review


TradeStation review
TradeStation review

TradeStation direct-access trading platform is one of the best I've seen! It offers all the bells and whistles you might expect to see in professional trading software. You have an ability to trade equities, futures, options, and forex from one trading platform. They even offer automated trading but you have to be very careful with this tool. Their technical analysis and back-testing software has been recognized as the most popular among futures traders for many years. The order entry and execution part of the software makes TradeStation a superior product. Everything there is fully customizable.

Aside from using think Desktop - their trading application that you must install on your computer - you could also use browser-based trading, think Anywhere for trading from your PDA device, and think Mobile for trading from your cell phone.


TradeStation Pros/Advantages

  • Great trading platform
  • Trading modeling functionality
  • Lots of investment products to trade
  • Active online community


TradeStation Cons/Disadvantages

  • Somewhat high stock and ETF trading costs
  • In Flat-Fee plan there is additional charge of $.005 per share on every share above 5,000
  • $99.95 fee to use TradeStation Platform if not traded at least 5,000 shares in previous month
  • Lots of fees for market data
  • IRA annual fee: $35
  • Steep learning curve: trading platform is too complicated for beginner investors
  • Minimum amount to open account is $5,000


TradeStation Review Summary

TradeStation is known for one of the best trading platforms. The firm is most popular among futures traders because of low futures commissions.

You have to trade at least 5,000 shares a month to avoid very steep $99.95 per month fee for using TradeStation Platform. There are also multiple monthly market data fees which non-professional traders would not want to pay. So the firm is obviously only suited for very active traders.

If you trade mostly futures and options then TradeStation is a broker for you. For stocks, mutual funds and ETFs there are brokers with much lower stock commissions.


TradeStation Promotional Code: none right now


TradeStation review 2010
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