TradeStation Review 2020

TradeStation Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TradeStation Guide

TradeStation are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Spread Betting trading, and Share Dealing trading.

TradeStation are a global broker and have a head office in United States.

TradeStation have a listed stock symbol. This means that TradeStation have publically listed and you can officially buy shares in TradeStation on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of TradeStation we break down the pros and cons. What TradeStation are able to offer, what countries TradeStation are available in. Who TradeStation are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with TradeStation

  • Regulated by: Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
  • Headquarters Country : United States
  • Foundation year 2008
  • Min Deposit : 500
  • Used by over 10,000 traders
  • TradeStation is not available in the following countries :
Open TradeStation's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to TradeStation

With this review we hope to help you see if TradeStation is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding TradeStation that will help you get off to a good start in the world of online trading.

TradeStation Review Table of Contents

TradeStation what you should know

TradeStation offer four ways to trade: Forex trading, CFD trading, Spread Betting, Share Dealing.

With TradeStation you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with TradeStation platform.

TradeStation are able to accommodate various levels of traders whether you are experienced or a beginner.


Are TradeStation safe?

When choosing a broker like TradeStation the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years TradeStation have a head office in United States.

TradeStation is regulated. This means TradeStation are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TradeStation, this will be honored. If TradeStation violate any regulatory rules their regulated status could be stripped.

Any payments funded to TradeStation accounts by traders are held in a segregated bank account.

For added security TradeStation use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with TradeStation. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit TradeStation

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker tradestation eToro XTB Pepperstone
Year Established 2008 2006 2002 2010
Head Office United States Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit TradeStation Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

TradeStation Pros and Cons

What we like about TradeStation

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
  • Min. deposit from $500

What we don't like about TradeStation

TradeStation Financial Regulation and Supervision in more detail

We have checked and TradeStation is regulated and supervised by reputable organisations. You are able to check every TradeStation supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with TradeStation. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect TradeStation traders and provide a safe trading environment.

TradeStation is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as TradeStation you should be sure they're legitimate online agent.

TradeStation General Fees

  • TradeStation withdrawal fees varies on payment method
  • TradeStation does charge inactivity fees
  • TradeStation does charge deposit fees
Broker tradestation eToro XTB Pepperstone
Min Deposit 500 200 0 200
Withdrawl Fees $25 Yes varies No
Inactivity Fees Yes No Yes
Deposit Fees No No No
CFD Commission Fees No Yes Yes

TradeStation Commissions

  • TradeStation does charge commission on CFD instruments.

What can you trade with TradeStation?

You can trade a wide variety of instruments with TradeStation over 233 instruments infact.

If you are looking at trading currency pairs TradeStation offer over currency pairs.

Compare TradeStation with eToro and XTB below.

Your capital is at risk

Broker tradestation eToro XTB Pepperstone
Instruments Available 233 100 1,500 100
Platforms Android ,iPhone,Mac,iPade Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit TradeStation Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit TradeStation Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit TradeStation Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on TradeStation web platforms and other applications

TradeStation offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An TradeStation IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

TradeStation also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See tradestation's platforms

TradeStation Trading benefits :

TradeStation Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • Islamic account

Can I try TradeStation before I buy?

TradeStation offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

TradeStation withdrawl and funding methods.

TradeStation offer the below funding payment methods. learn more about TradeStation

  • Credit cards
  • PayPal
  • Skrill
  • Neteller
Broker tradestation eToro XTB Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with TradeStation?

When opening a trading account with TradeStation, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TradeStation trading platforms here.

Performing trades with TradeStation

TradeStation allow you to execute a minimum of trade of $5. This may vary depending on the account you open. TradeStation allow you to execute a maxium trade of varies.

As a market maker, TradeStation may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

TradeStation Leverage and TradeStation CFDs Explained

let's take a look at some of the basics of using TradeStation leverage.

TradeStation offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

TradeStation leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the TradeStation trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The TradeStation leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

TradeStation CFDs are typically used for short to medium term trades. For example TradeStation intraday trading.

Education resources at TradeStation

To trade effectively with TradeStation, it's important to get a have a good understanding of the TradeStation trading tools and the markets.

TradeStation offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with TradeStation.

Take time to look around the TradeStation platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at TradeStation

TradeStation support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

TradeStation have a D grade support rating because because sometimes the response was slow or our query wasnt answered. TradeStation less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at TradeStation

We tested the TradeStation live chat and it works well. We sent messages to TradeStation livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with TradeStation support in multiple languages in multiple countries. TradeStation where able to resolve our customer issues.

Email Support at TradeStation

We sent several emails to TradeStation and answer times overall were excellent. The fastest response from TradeStation was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with TradeStation, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from TradeStation.

Phone Support at TradeStation

We called TradeStation and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The TradeStation phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual TradeStation team by calling in varying languages. TradeStation made an effort to make sure our queries were answered.

Overall the phone support from TradeStation was okay.

See how TradeStation Support Compares Against Other Brokers

Broker tradestation eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit TradeStation Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with TradeStation

As TradeStation is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore TradeStation's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TradeStation you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.tradestation.com on 12th August 2018.

Is TradeStation A Good Broker?

We spent over 3 months examining TradeStation in depth. Although we found some very useful aspects of the TradeStation platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative TradeStation broker.

  • TradeStation have a good track record of offering Forex trading, CFD trading, Spread Betting, Share Dealing.
  • TradeStation has a history of over 37 years.
  • TradeStation has a reasonable sized customer support of at least 10.
  • TradeStation are regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). This means TradeStation fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • TradeStation have regulation from a Tier 1 reputable country.
  • TradeStation has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • TradeStation have an international presence in multiple countries. This includes local TradeStation seminars and training.
  • TradeStation are able to hire people from various locations in the world who can better communicate in your local language.

TradeStation Risk Disclaimer

Your capital is at risk

TradeStation not quite right?

Check out these TradeStation Alternatives

We have spent years researching the best alternatives to TradeStation. Click the links below to learn more.

If you feel some of the above TradeStation are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of TradeStation alternatives below.

Related TradeStation Comparisons

If you would like to see how TradeStation stands up against other brokers you can read some of our TradeStation comparisons below. We compare side by side some of our top rated TradeStation versus comparisons. Read some indepth TradeStation VS pages below.

TRADESTATION Frequently Asked Questions

Can I try TradeStation before I buy?

TradeStation offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do TradeStation accept?

TradeStation offer the following funding payment methods accept Credit cards, PayPal, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is TradeStation safe?

TradeStation are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). Any payments funded to TradeStation accounts by traders are held in a segregated bank account. For added security TradeStation use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is TradeStation trading good?

TradeStation is considered good and reputable to trade with. TradeStationTradeStation is used by over TradeStation active traders. TradeStation offers Forex trading trading, CFD trading trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with TradeStation is mindeposit.

Is TradeStation trading Legit?

TradeStation was founded in United States in 2008. TradeStation has been facilitating trade on the financial markets for over 12 years. TradeStation offers clients Forex trading trading, CFD trading trading, Spread Betting trading, and Share Dealing trading. All funds deposited to TradeStation are held in segregated tier 1 bank accounts for security. TradeStation is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered legit.

Is TradeStation a good broker?

TradeStation is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) so can be considered a good broker.TradeStation allows Forex trading trading, CFD trading trading, Spread Betting trading, and Share Dealing trading.

Is TradeStation trustworthy broker?

TradeStation can be considered trustworthy. All money funded to TradeStation is placed into a segregated tier 1 bank account. this means your money in not held by TradeStation directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also TradeStation is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

What is the minimum deposit for TradeStation?

The minimum deposit to trade with TradeStation is 500.

How long do TradeStation withdrawals take?

Withdrawing money from TradeStation processing time varies but averages 2-5 days.

Is TradeStation regulated?

TradeStation is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC).

Is TradeStation a market maker?

TradeStation is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with TradeStation?

When opening a trading account with TradeStation, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TradeStation trading platforms here.

Is my money safe with TradeStation?

TradeStation is regulated by Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC). One of the most important criteria for traders when choosing a broker like TradeStation is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TradeStation, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is TradeStation a con?

TradeStation is regulated and well established having been in business for over 12 years. TradeStation is definitely not a con.

Can you make money with TradeStation?

Although traders have had great success with TradeStation. Trading on the financial markets with TradeStation is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does TradeStation have fees?

TradeStation withdrawal fees varies on payment method. TradeStation does charge inactivity fees. TradeStation does charge deposit fees.

When was TradeStation founded?

TradeStation was founded in 2008.

How many people use TradeStation?

TradeStation is used by over 10000 registered traders.

What is TradeStation Headquarters country?

TradeStation has its head quarters office in United States.

Does TradeStation offer negative balance protection?

TradeStation does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does TradeStation offer guaranteed stop loss?

TradeStation does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does TradeStation allow scalping?

TradeStation does not offer scalping.

Does TradeStation allow hedging?

TradeStation does not offer hedging.

Does TradeStation offer CFD trading?

TradeStation offers CFD trading.

Does TradeStation offer STP?

TradeStation does not offer STP trading.

How many people use TradeStation?

TradeStation is used by over 10000 traders.

Is TradeStation an ECN broker?

TradeStation does not offer ECN trading.

Does TradeStation offer a demo account?

TradeStation offers a demo account.

Does TradeStation offer an Islamic account?

TradeStation offers a Islamic accounts.

What are the funding methods for TradeStation?

TradeStation accept the following funding methods : Credit cards, PayPal, Skrill, Neteller,

TradeStation review written by Andrew Blumer and Mark Hansen

We hope you found our review of the TradeStation brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

TradeStation review written by Mark Hansen of Comparebrokers.co