If you’re an active trader looking for a robust platform that offers advanced features and a competitive fee structure, TradeStation may be on your radar. With its wide range of financial instruments and comprehensive pricing options, TradeStation caters to both novice and experienced traders. But how much does TradeStation cost per month?
Commission-Free and Flexible Pricing with TradeStation Securities
TradeStation Securities offers a commission-free pricing plan for equities, equity options, and futures trades, called the TS SELECT plan. This plan is particularly enticing to U.S. residents who trade frequently.
The commission-free aspect applies to exchange-traded stocks priced at or above $1.00 per share and the first 10,000 shares per trade. However, stocks trading at less than $1.00 per share and all OTC stocks will attract a commission charge.
While the platform itself is free to use, TradeStation charges a per-contract fee for trading futures and options. Direct-routed equity orders and options orders have an additional fee as well.
A Look at TradeStation Crypto Pricing
TradeStation Crypto employs a volume-tiered fee structure. The more you trade, the less you pay in fees. The maker-taker model means fees vary depending on whether your orders are immediately marketable or not.
TradeStation IRA: A Blend of Crypto and Traditional Investments
TradeStation allows you to have an Individual Retirement Account (IRA) where you can make trades in cryptocurrencies and traditional investments. The transaction fee for crypto trading is $1 + 0.50%. However, cryptocurrencies cannot be deposited or withdrawn from the IRA.
Equities and futures pricing follow the TS SELECT plan’s structure. There are also administration and termination fees associated with the IRA account.
TradeStation Global Fees
For non-U.S. residents, TradeStation Global is available, with a fee of $1.50 per contract per side for futures options and futures contracts traded through the FuturesPlus platform.
The Reddit Perspective: What Users Are Saying
Reddit users generally provide positive feedback on TradeStation’s pricing structure, citing the lack of inactivity fees and the reasonable trading costs, especially when compared to other trading platforms.
However, some users have expressed concern about the charges for international calls to customer service. Others have noted the importance of taking into account not just the trading fees, but also the additional fees for certain services and strategies.
Conclusion: Is TradeStation Worth The Cost?
Ultimately, the monthly cost of using TradeStation varies depending on the type of trading you’re involved in, the volume of your trades, and the specific financial instruments you’re trading.
With its commission-free pricing for many trades and competitive per-contract fees, TradeStation can be a cost-effective choice for active traders. However, bear in mind that additional fees can add up, particularly if you’re making complex trades or need to access premium services.
Remember, investing always comes with risks. As such, make sure you’re comfortable with the fees and charges involved, and consider seeking advice from a financial advisor if you’re unsure.
Is TradeStation free? While there is no monthly fee for the basic platform, trading fees do apply, and certain premium features may incur additional charges. Is TradeStation available to non-US residents? Yes, through TradeStation Global. But remember, the pricing structure may vary.