Tradestation Promotion and Bonus 2021

Current Tradestation promotion code, $600 bonus offer - free cash, commissions rebates. May 2021 best Tradestation promotions for opening new account.

Tradestation Promotion

Open Tradestation Account

Tradestation Promotion Code For $600

Open and fund a new TradeStation account and get up to $600 - Offer expired.

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Simulated Trading Within the Browser Window

There are two virtual trading platforms at TradeStation. One is on the firm’s browser-based trading system. To reach it, you simply need to go to TradeStation.com and click on ‘LOG IN’ at the top of the page. A short drop-down menu will appear. One of them is ‘Web Trading – live,’ and the other is ‘Web Trading – Simulated.’ Clicking on the second option produces a login screen that requires a user name and password. You will need to have a TradeStation account to access this paper trading platform.

Once you’re logged in, you’ll have access to all the great features that the regular platform has. These include option chains, hot lists, balance information, orders, and positions. The simulated trading environment starts with a $1,000,000 account balance.

Inside the virtual trading environment, you can easily toggle between a real account and a practice account by clicking on ‘SIM’ in the upper-right corner of the platform and select ‘Live Trading.’ The simulated environment actually displays an account number. It begins with SIM, so it’s easy to know which account you’re working with.

The charting in TradeStation’s browser platform is the most notable of the software’s features. It comes with a variety of technical studies and drawing tools. Limited customization is also available, providing OHLC bars, candlesticks, mountain, and line as graph formats.

The all-important trade bar sits at the top of the browsing window. There are several complex orders that can be practiced. Besides limit, these include order cancels order, and exotics like ‘Entry Short – with exit – stop market only.’

Paper Trading on the Desktop

Traders who demand even more sophistication can find it on the broker’s desktop platform, which offers both live trading and a practice environment. Like its browser cousin, the desktop platform has two choices at login: live trading and a practice environment. Instead of a login button, TradeStation simply has two buttons, one for the paper-trading account and one for the actual account.

All of the platform’s advanced features are available in the practice environment. These include advanced option search tools and charting that is more complex than the browser-based software. Available order types that can be practiced (and that aren’t on the browser platform) include ‘Entry – OCO Breakout/Fade Buy (Buy Limit/Buy Stop) With no Exit Order.’

Virtual Trading Using the Mobile App

The broker’s mobile app also has a simulated trading account. Like the other two platforms, you simply choose simulated or live when logging in. The mobile platform has all the app’s regular features. These include good charting tools, including technical studies and a drawing program. Watchlists are available along with alerts, positions, and the simulated account’s balance information.

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TradeStation Advantages

TradeStation is probably the most interesting company on the list. Its an U.S. subsidiary of one of the largest financial firms in Japan, Monex Group. Initially the company targeted as customers only very active equities, options, and futures traders. It had a steep account inactivity fee of $100 per month and therefore was too expensive for most investors. But this year TradeStation decided to move into broader retail investor market by dropping the inactivity fee and drastically cutting commissions. Right now the firm is one of the most attractively priced brokerages in the industry for both regular investors and active traders.

TradeStation is one of the very few brokers (and the best among them) who offers both flat-rate commission plan that most brokers use as well as per-share commission structure where amount paid for a trade depends in the number of shares in that trade. With TradeStation's per-share plan all trades of up to 100 shares will cost only $1.00. Similarly, trades with 200 shares will set a client back just $2.00. It is a perfect opportunity for customers to save a fortune on trading commissions.

Aside from super low commissions, TradeStation's second value proposition is its powerful, professional, feature-rich trading platform. Every year this software gets a number of awards from many financial publications. Along with TD Ameritrade's Thinkorswim it is the best trading platform for equities traders. When it comes to futures trading it is second to none.

TradeStation Bonus Disclaimer

Current TradeStation promo code offer details to open new account could change at any time without notice.