Are you considering Tradestation, a popular online broker? There are many, many stock brokers out there. With so many options, it can sometimes be difficult to hone in on the trading software and platform that is best for you. That’s why we’re going to take a moment to go over the Trade Station platform. Our Tradestation review is going to be both thorough and honest, but you should also know that it represents only one opinion. We recommend you do a bit more research before picking the investing and stock trading platform that’s right for you!
Trade station is a great option for advanced traders who have high demands and who need a powerful trading platform. Few stock trading platforms are as powerful as this trading software. If you’re an advanced stock trader who has quite a bit of money and who conducts a high number of trades, then this platform is definitely worth a close look.
Tradestation has been around for over 30 years. The company has established one of the best reputations on the market. It has had decades to hone and craft its services. This means you’ll be able to access powerful, and reliable services. Your trading will be backed by one of the best names in the industry. Obviously, for many investors this is very important.
You should know that tradestation fees, however, can be a bit higher than other less advanced platforms. This shouldn’t come as much of a surprise. After all, you get what you pay for, and if you want an advanced and powerful stock trading platform, than you should expect to pay a little bit more.
TradeStation Comes With A Price
The biggest drawback to trade station is the $99.95 dollar monthly fee that you will be charged if you don’t meet certain minimums. If you don’t want to pay this fee than you will need to either have $100,000 dollars or more in your account, or you will have to meet certain monthly trading levels. If you don’t have $100,000 dollars to invest, then you will need to trade at least 5,000 shares per month. If you trade options, then you will need to trade at least 50 contracts per month.
Obviously, these minimum trading levels are quite high. If you are a newbie investor and not trading at such high levels or investing so much money, then Tradestation.com might not be the best choice for you. On the other hand, if you are a professional investor, or have a lot of money to invest, than Tradestation should make your shortlist.
Outside of the monthly tradestation fees, the fees for this trading platform are actually quite manageable. The options base fee is set at 0.00 dollars, and the flat stock trading fee is set at $9.95. This is basically in line with industry standards. The Options per contract fee is a manageable $1.00, while broker assisted trades are only $20.00, which is quite low as far as industry norms go.
The Trade Station Desktop Platform
Where Tradestation really shines is the desktop platform. Simply put, few trading platforms offer so much power and versatility as Tradestation’s desktop client. The powerful tool offers some of the best and most accurate trading charts available. Few systems are more up to date, and few offer so many insights as the Tradestation desktop client.
Like many great trading platforms, Trade Station comes with multi-monitor support. This is essential because investors often have to keep their eyes on many things at once. Multi-monitor support allows you to watch more things, such as charts, at once. You’ll be able to keep a close eye on a wide variety of factors.
Besides the desktop client, you can also access an online client to conduct trades. This platform isn’t nearly so powerful, but it is pretty useful, especially when you’re in a pinch and you need to make a trade.
OptionsStation Pro for Options
Tradestation also features a separate options trading platform, simply called OptionsStation Pro. This is especially great because it gives options traders access to a wide range of customized options trading tools. If you trade in options, then you already know that the risks are quite high. That’s why it’s important to have the best tools available.
When it comes to options trading, TradeStation is one of the best brokers out there. Given how risky options trading is, it’s important to have access to the best and most up-to-date information. Luckily, Tradestation can provide you with numerous tools and advances features to aid in your options trading efforts.