The Bottom Line
- Very Low Commissions
- Excellent Trading Software
- Numerous Awards Won
- Base Platform Fee With Less Than 10 Trades
- Trading platform that is among the most popular with futures and stock traders.
- You would be hard-pressed to find lower commission when you are trading futures and futures online.
- TradeStation charges a base platform fee of $99.95 per month if you don't make at least 10 round-turn futures trades.
Guide Review - TradeStation Securities
Trading platform / SoftwareTradeStation has the best trading software in the business. Their technical analysis and back-testing software has been recognized as the most popular among futures traders for many years. Now, the order entry and execution part of the software makes TradeStation a superior product. You can also automate the execution of your trading strategies by inputting your trading rules. It’s hard to believe, but the system will automatically place your trades, and if executed, it will monitor the positions and close them at your specified points.
It will take a little reading and practice to utilize fully the capabilities of their software, but it is well worth the effort. TradeStation does charge a monthly platform fee of $99.95 per month if you do not make at least 10 round-turn trades. If you are an inactive trader, you might want to take that into consideration.
CommissionsTradeStation has just about the lowest fees for online futures trading. For electronically traded markets, you can expect to pay about $4 to $6 per round turn, including exchange and regulatory fees. If you trade over 300 contracts per month, the rates are even lower.
Opening an AccountThe minimum size to open a futures account is $5,000. You can call their customer service to have the account forms sent to you or you can fill-out the online application. TradeStation also allows you to trade stock, and options from your account.
Website: TradeStation Securities