TradeStation review
When talking about one of the best Forex brokers available in the trading world out there, the name TradeStation crops out every now and then. This particular Forex brokerage firm offers the best and most reliable of online trading platforms available. The security and protection of funds is not a problem with TradeStation. If you are tech hungry trader and want to trade with the most technically advanced trading tools available out there then TradeStation is surely one platform that you should not miss out on. Online automated trading, third party platform development allows for a more advanced and interactive trading platform for all types of traders. TradeStation is an active and efficient trading platform for all those traders who want to trade professionally and monetize their money making hunches in the trading world to the maximum.
The propriety rules set out by the governance of TradeStation makes it as efficient a Forex broker it is. For those traders who want a completely professional environment for trading without any loopholes, TradeStation is the best choice there is. Customers with TradeStation can trade in currency and commodities as well. The trading options provided by TradeStation to its clientele include mutual fund, stock, Forex, bond, futures and option trade execution. The trading platform provided by this particular Forex broker is ideal for those traders who want to custom make their own trading strategies and then test the waters before they indulge in trading.
TradeStation requires their clients to pay monthly minimums for every kind of trade they want to get in. the clients need to purchase the real time feed plans available for all trading options before they can begin with their trades. TradeStation charges its clients a monthly fee of $99.95 for performing trade using their main base platform. Other two platforms namely OptionStation and the TradeStation Webtrading are however free for all clients without any monthly or annual fee charges.
The commission TradeStation charges from its customers can be divided into two categories. Firstly the flat fee commission rate or the per share pricing of the commission. The Flat Fee commission varies according to the fixed number of trade done in a month. If the fixed number of trades set is crossed, a fee is charged accordingly. For the Per Share Pricing commission rate all customers have to pay $1 per order. There rates for initial 500 shares are $.01 on ever share. After that the customers are charged $.006 per share after the initial value of 500 shares is crossed. According to the type of accounts they maintain with the company, the customers can select the commission plan they will be willing to pay to the company.
The minimum initial deposit required to set up a TradeStation account varies amongst the categories of daytraders and non-daytraders. The values are $30,000 for all daytraders and a minimum value of $5,000 for non-daytraders.
Customer support is provided 24/7 to all TradeStation customers. An online chat support platform is also available for instant solution of issues with the clientele.