Introduction
TradeStation is a leading online brokerage firm that offers advanced trading tools and technology to active traders and investors. Whether you’re a seasoned trader or just starting out, TradeStation offers a range of pricing plans and features designed to meet your needs. In this article, we’ll explore how much it costs to trade on TradeStation in 2023, including pricing plans, fees, and other important details.
Pricing Plans
TradeStation offers two primary pricing plans: TS Select and TS Go. TS Select is designed for active traders and offers advanced features such as advanced order types and real-time market data. TS Go is designed for casual investors and offers a simplified trading experience with no monthly fees.
TS Select pricing starts at $0.01 per share with a minimum charge of $1 per trade. Options trades are priced at $0.60 per contract with a minimum charge of $1 per trade. Futures trades are priced at $1.50 per contract with a minimum charge of $1.50 per trade.
TS Go pricing is a flat rate of $0 per trade with no monthly fees. However, options trades are priced at $0.50 per contract with a minimum charge of $1 per trade. Futures trades are priced at $1.50 per contract with a minimum charge of $1.50 per trade.
Fees
In addition to trading fees, TradeStation also charges a range of other fees. Here are some of the most common fees you should be aware of:
Account Fees
TradeStation charges a monthly account fee of $99.95 for TS Select accounts that do not meet certain trading activity requirements. TS Go accounts are not subject to this fee.
Inactivity Fees
If you do not trade for a period of 12 months, TradeStation will charge an inactivity fee of $50 per year. This fee is waived for TS Select accounts that meet certain trading activity requirements.
Wire Transfer Fees
TradeStation charges a fee of $30 for domestic wire transfers and $50 for international wire transfers.
ACH Fees
TradeStation charges a fee of $10 for outgoing ACH transfers.
Margin Interest
If you trade on margin, TradeStation charges interest on the amount you borrow. The current margin interest rate is 8.50% for balances under $25,000 and 7.50% for balances over $25,000.
Other Important Details
Here are a few other important things to keep in mind when trading on TradeStation:
Minimum Account Balance
There is no minimum account balance required to open a TradeStation account.
Trading Platform
TradeStation offers a range of trading platforms, including a desktop platform, a web platform, and a mobile app. All platforms offer advanced charting and analysis tools, as well as real-time market data.
Customer Service
TradeStation offers customer support via phone, email, and live chat. Customer service is available 24/7.
Education and Research
TradeStation offers a range of educational resources and research tools to help traders improve their skills and make informed trading decisions. These resources include webinars, articles, and market analysis.
Conclusion
TradeStation is a popular online brokerage firm that offers advanced trading tools and technology to active traders and investors. Whether you’re a seasoned trader or just starting out, TradeStation offers a range of pricing plans and features designed to meet your needs. By understanding how much it costs to trade on TradeStation, as well as other important details like fees and account requirements, you can make informed trading decisions and take your trading to the next level.
