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Age Requirement: How Old Do You Have To Be To Open Tradestation Account?
Tradestation age limit. How old do you have to be to open an account at Tradestation in
2025? Can you use Tradestation under 18 years old?
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TradeStation Age Requirement
The minimum age to open a trading account at TradeStation is 18. TradeStation does not offer accounts for minors, so parents and guardians must consider other reliable options.
Continue reading to discover why Schwab is a great alternative.
Key Takeaways
• TradeStation does not currently provide accounts for minors.
• Schwab offers custodial accounts, enabling adults to manage investments for minors until they reach adulthood.
• Schwab features an easy-to-use platform, low fees, and comprehensive educational resources suitable for investors at all experience levels.
TradeStation's Custodial Accounts
TradeStation has many appealing features, but unfortunately, it does not offer accounts specifically for minors.
If you want to open an account for a minor, you'll need to consider an alternative broker. Schwab is recommended because it offers many advanced features similar to TradeStation along with several account options for minors.
Schwab as an Alternative
Schwab provides 'Schwab One' custodial accounts, along with other account types. Whether you're interested in a custodial account or specialized accounts like Coverdell ESAs or 529 plans, Schwab offers various options to meet your needs.
How Schwab's Custodial Accounts Work
The Schwab One account follows one of two laws: the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA), depending on your state of residence. Anyone familiar with UGMA or UTMA rules will find Schwab’s custodial accounts similar.
If you're unfamiliar, here's how it works:
The Schwab One account is an investment account managed by an adult custodian for the benefit of a minor. When the minor reaches legal adulthood, they assume control of the account. The age at which this occurs varies by state.
While the custodian manages the account, the minor can participate in investment decisions as if it were their own. However, all assets in the account always belong to the minor.
Charles Schwab Website
Visit Schwab Website
Why Investors Like Schwab
Charles Schwab offers several features that are especially beneficial for long-term investors, including custodial account holders. Here are some top features:
No Fees and Commissions: Pay zero commissions on stock and ETF trades, maximizing your investment returns.
Diverse Investment Options: Choose from various investments like stocks, mutual funds, ETFs, and more to create a balanced portfolio.
Educational Resources: Access detailed educational resources to build your investing knowledge and set clear financial goals.
Customer Support: Receive high-quality customer support to answer questions or help resolve issues.
Other Accounts for Minors
Schwab also offers additional account types specifically designed for minors, providing flexibility based on the unique goals of young investors and their families.
Coverdell Education Savings Accounts (ESA)
Schwab provides Coverdell Education Savings Accounts (ESA) to help families save for educational expenses. Funds grow tax-free, and withdrawals are tax-free when used for qualified expenses like tuition, books, and supplies. Coverdell ESAs are ideal for educational planning from kindergarten through college.
529 College Savings Plans
529 College Savings Plans are excellent for saving for higher education. They offer significant tax advantages and can cover a wide range of education-related expenses. Contributions grow tax-deferred, and withdrawals for eligible expenses are tax-free, making them ideal for managing rising college costs.
Final Thoughts
Schwab is a strong alternative to TradeStation for investing on behalf of minors. Whether choosing a custodial account or an education savings plan, Schwab offers flexibility, tax benefits, and valuable educational resources.
Free Charles Schwab Custodial Account
Visit Schwab Website
Updated on 5/25/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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