TradeStation Review & Rating USA 2023

The online business world is awash with new companies, each competing for their share of customers. One way of attracting new customers is by advertising and offering promotional deals and more specifically, sign-up offers. These offers aim at monetizing potential customers and, if packaged correctly, definitely act as an incentive for the customers themselves. A two-way street of sorts. We found such a generous offer during our SogoTrade review, which actively encourages trading.

We noted in our TradeStation review that with one of the TradeStation open account options, you’ll be eligible to claim a cash offer. The size of the cash offer depends on how much you decide to fund your account with. Currently, our TradeStation review has noted that the minimum amount you need to fund your account with is $25,000. You’ll then be eligible for a $100 cash reward. You’ll be able to claim a cash reward up to $2,500. However, you’ll need to fund your account with assets worth $1,000,000 in order to claim the $2,500 reward. For the amounts in-between, you’ll find your cash reward increasing proportionately.

As you might come to realize when perusing online broker sites, many of them have very similar layouts. What really makes one stand out from another, is how well information has been grouped together and whether or not you’re able to find sufficient information on any topic of concern.

Our TradeStation review must commend the broker on the initial impression of the website. The color scheme is inoffensive and it is easy to find what you are looking for. Furthermore, our TradeStation USA review must also note the simple layout and fact that our navigational experience was slick. You’ll find all the main headings top-center of the homepage. Each has a drop-down arrow with relevant subheadings and the landing pages provide you with the clarity you’re inevitably looking for.

We did not experience any issues during our TradeStation review with loading, nor did we find any pages that lacked the insightful knowledge we were out to get. If the official website is anything to go by, we’re certainly eager to find out more about the trading platforms and functionality there-of. Having read various TradeStation opinions, we can only deduce that there will be no disappointment in this department. But first, let us take a look at the available TradeStation open account options.

Before you make a decision on whether you’d like to follow up on a TradeStation open account option, you’ll want to know which account types are available. We’ll discuss several of these in more detail in the subsequent paragraphs of our TradeStation review USA.

Individual/Joint Accounts

These two types of TradeStation open account options are the most popular amongst active traders who use the services of this broker. You can choose an individual account which will only have one account owner.

If you’d prefer to share an account with a colleague or friend, then you’d be better off by creating a joint account. The first joint account has the right of survivorship and in the unfortunate case of one owner passing away, all the assets of the account will be succeeded to the remaining owner. The second joint account is a tenants in common account. With this type of joint account, it is possible to have three owners, each owning their own specified percentage of assets. If one owner is to pass away, the existing assets will be transferred to the agreed upon beneficiaries.

A custodial account can be opened for a minor and will be managed by a guardian until said minor is able and willing to take over the account.

Retirement Accounts

There are four different types of TradeStation open account options in this regard. The traditional IRA account which will allow you to contribute tax-deductible income. The second TradeStation open account option is the Roth IRA, which is very similar to the first although contributions are made with after-tax income (tax-deferred growth and tax-free withdrawals). The latter two accounts are known as a SEP IRA and Simple IRA account. Each has a different spin on contributions made by employers for employees and are subject to certain percentage-of-pay and dollar limits.

Entity Accounts

Our TradeStation review will not go into depth about the various entity accounts on offer. We will state that there are entity accounts which include a trust, corporation, general and limited partnership, LLC, and sole proprietorship. For more information on these types of TradeStation open account options, visit the official website and click on ACCOUNTS > Entity. 

Below, you’ll find our in-depth TradeStation review of the available trading platforms.

In this facet of our TradeStation review, is it clear that TradeStation has managed to excel and is evident by a plethora of TradeStation opinions and our very own TradeStation USA review. TradeStation offers customers a desktop, web, and mobile trading platform. They are very consistent with their web and mobile platform and provide traders with fantastic trading tools and research functions. Low-latency is the order of the day and you’ll find a swathe of market data and responsive order management and execution at your disposal.

Desktop Trading Platform

This trading platform has delivered upon promises and received high praise from TradeStation opinions. We tended to agree with those opinions during our hands on TradeStation review.  The desktop trading platform has incorporated high-end technology which provides traders with an exciting and unforgettable trading experience. The RadarScreen technology continuously monitors a 1,000 symbols and ranks according to preference and potential. EasyLanguage allows traders to customize their indicators with useful statements and phrases while the Strategy Back-Testing allows traders to back-test and automate ideas using tons of market data.

Web Trading Platform

If you don’t have access to your own desktop, you’ll be able to make use of the TradeStation web trading platform. Log on to your account via any computer with an internet connection. You’ll be able monitor markets, read up on the latest news, place trades, and manage your account with this web platform. Our TradeStation review USA is pleased to note that all the fundamental features have been retained for the web platform.

Mobile Trading Platform

TradeStation has managed to design and implement a mobile app that functions well and is easy to use. The mobile app links with your online account and allows you trade and monitor markets as you see fit. If you’d like to compare with another popular trading platform, take a peek at our SoFi Invest review, to draw a comparison.

The TradeStation app has various tech features such as quotes in real time – all the while fitting neatly onto the screen of your mobile device. You’re able to analyze trade options spreads and customize your strategy accordingly via the app. Mobile alerts will keep you updated and you can place orders with the simple click of a button.

Our TradeStation review has only good things to say about the trading platforms in use and you should find them just as convenient and inspiring. If you’re looking for a streamlined trading experience, you’ve found it with our TradeStation review USA.

With modern payment methods available, funding your online account is relatively simple. Waiting for payments to clear shouldn’t be a tedious process – that’s why we’ve outlined three payment methods below that should assist you in funding your account with the utmost ease and reduce waiting times.

Wire Transfer: You can link your bank account with your TradeStation account and funds should be received the next business day (ensure you transfer funds before 4pm). If you own an American bank account, you’ll be able to follow the steps and linking your account is straightforward. Keep in mind that the details required differ depending on whether you’re funding your account for equities and options or futures. If you don’t possess an American bank account, you’ll be able to fund your account using one of seven transfer services:

• TorFX
• OFX
• Continental Currency Exchange
• Currency Fair
• Transfer Wise
• OnePip
• World First UK Ltd

Lastly, TradeStation does not charge a fee for wire transfers. However, your chosen transfer service might and it’s best to double-check this before completing your payment.

Check: You can deposit funds via check. Waiting times are longer (3-5 business days). This payment method allows you to transfer funds from an external bank to your TradeStation brokerage account. Ensure that you transfer funds in USD and make sure you’ve supplied the correct account details. There is no deposit limit and TradeStation does not charge a fee for deposit made via check.

Smart Transfer: This allows you to transfer cash assets to and from your TradeStation account. Funds will be available in 3 days and it’s cost free. There is a limit however, set at $50,000. The great thing about Smart Transfer is that you can access it just about anywhere by accessing the TradeStation Client Center.

In the current climate, TradeStation has limited certain customer service features. Enquiries via telephone are limited to trade-related inquiries. Other questions and requests should be sent via email or through their chat function.

The chat function is displayed on the right of the page and you’ll be able to click on the CHAT ONLINE image. Choose between two options – questions about new accounts or existing accounts – and you’ll then be connected to a TradeStation representative.

You can contact the broker via email or telephone. Make sure you use the correct email address or telephone number as there are different ones depending on your client status and TradeStation open account option.

New Accounts

Retail: Telephone – 800.770.4049 / Email – [email protected]

Institutional: Telephone – 800.579.7616 / Email – [email protected]

Client Support

Telephone – 800.822.0512 or 954.652.7900 (The Trade Desk times vary depending on trading product and be sure to check the website for official time).

International

• New Accounts: Telephone – 00800 242 78190 (European countries)

954 652 7677 (Non-European countries)

• Client Support: Telephone – 00800 777 76543 (European countries)

954 652 7900 (Non-European countries)

This host of support options should leave you with a worry free experience at TradeStation. If great customer service is of high importance to you, we recommend you take a look at our latest Vanguard review.

TradeStation is a regulated broker under American law and adhere to European rules and policy enactment. Stricter laws are being enforced in Europe with regards to data protection and TradeStation has made it clear that their data handling and protocols are circumscribed by this new law. TradeStation ensures that they protect the data of European citizens in accordance with these laws. They hold various SSL Certificates; securely store on-sight data within their databases by way of monitoring and encryption techniques; do not provide sensitive details to third-party entities.

TradeStation is a member of the New York Stock Exchange (NYSE), the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC), and the Chicago Mercantile Exchange (CME). Due to their active membership within these bodies, it is clear that TradeStation adheres to industry standards and regulatory oversight.

In addition to the new customer offer, TradeStation has engaged with various stakeholders in an effort to provide promotional causes that satisfy the needs and aspirations of their customers.

From earning extra income to trading more futures with less, TradeStation has a couple of exciting offers at hand. It’s possible to boost your account balance with a fully paid stock lending program. Here, you stand the chance of receiving fully paid or excess margin securities in your account and profiting from interest earned.

Capitalizing on reduced intraday margin rates is also possible, but we’d only recommend this to experienced traders. Find out more about this option by checking out the current promotions on the TradeStation website.

One of the downfalls of this online broker, is the apparent lack of a demo account option. For beginners or would-be traders looking to find out what TradeStation is all about, you are out of luck. The only way of partaking in virtual trading with TradeStation is once you’ve created, and funded, your account. If you’re a novice trader, this might be a letdown. You might like to take a peek at our Stash review to see how a platform aimed at newcomers compares. It doesn’t mean TradeStation isn’t attempting to appeal to beginners. On the contrary, they provide great educational tools for new traders.

Other TradeStation Trading Products

TradeStation has various other products that one can trade with. Specialized sections for bonds, mutual funds, and crypto are available. You’ll also be able to make use of an IPO trading platform! In the past, retail traders haven’t been able to get in on IPOs before the actual shares are listed. Now, you’ll have ground-floor access allowing you to speculate and apply for shares via TradeStation’s conditional ordering service.

For more information on the latest trading products, our TradeStation review urges you to check out the official TradeStation website. Here, you’ll find an abundance of information on all the available products up for trading. Click on the TRADING PRODUCTS tab in the middle of the homepage and you’ll find a drop-down menu with all the available products. Click on a product of your choosing and you’ll find all the necessary information needed to make the right choice.