TradeStation Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-07-12 18:46

Abstract：TradeStation, based in the UK, previously held an FCA Investment Advisory License that is now expired. They offer diverse financial instruments, including stocks, futures, bonds, currencies, metals, and options, accessible through their TradeStation Global Platform on PC and mobile, and support funding in numerous currencies.

TradeStation Review Summary
Founded	2010
Registered Country/Region	United Kingdom
Regulation	FCA (Exceeded)
Market Instruments	stocks, futures, bonds, currencies, metals, futures and options
Demo Account	/
Trading Platform	TradeStation Global Platform
Minimum Deposit	/
Customer Support	Live Chat
Customer Support	Email: TradeStationGlobal@tradestation.com

TradeStation Information

　　TradeStation, based in the UK, previously held an FCA Investment Advisory License that is now expired. They offer diverse financial instruments, including stocks, futures, bonds, currencies, metals, and options, accessible through their TradeStation Global Platform on PC and mobile, and support funding in numerous currencies.

Pros and Cons

Pros	Cons
Supports multiple funding currencies	Exceeded regulation
Wide range of instruments	Limited information on leverage
Live chat support	No MT4 or MT5
	Commission fees charged

Is TradeStation Legit?

　　TradeStation once had an Investment Advisory License regulatedby the Financial Conduct Authority (FCA) in the United Kingdom with a license number of 445531. However, this license now has an exceeded status.

What Can I Trade on TradeStation?

　　TradeStation Global allows trading in stocks, futures, bonds, currencies, metals, futures and options across financial markets, but CFD trading is not available.

Tradable Instruments	Supported
Stocks	✔
Futures	✔
Bonds	✔
Currencies	✔
Metals	✔
Futures	✔
Options	✔

Account Type

　　TradeStation offers account structures designed for individual traders and investors, including individual, joint, and corporate accounts, which can be opened through a new application or linked if you're an existing Interactive Brokers client.

TradeStation Fees

　　Stocks Commissions: TradeStation charges commissions for stock, ETF, and warrant trading that vary by region.

Market	Commission Rate	Minimum per Order
US Stocks, ETFs, Warrants	USD 0.01 per Share	USD 1.5
EU Stocks, ETFs, ETPs	0.12% of Trade Value	EUR 1.75 / CHF 2.25 / USD 2.50
UK Stocks, ETFs, ETPs	0.1% of Trade Value	GBP 1.50

　　Stocks Trading in the US:

Fee Type	Amount/Details
NSCC, DTC Fees	USD 0.00020 per share
Transaction Fees	USD 0.0000218 * Value of Aggregate Sales + Pass-Through Fees
NYSE Pass-Through Fees	IB Tiered Commissions * 0.000175
FINRA Pass-Through Fees	IB Tiered Commissions * 0.000056
FINRA Trading Activity Fee	USD 0.000119 * Quantity Sold
Minimum Trade Allocation Fees	Minimum (Trade value * 0.00005, USD 0.35)

　　Stocks Trading in CANADA:

Fee Type	Listing Type	Amount/Details
Clearing Fee	All not listed below	CAD 0.00017 per share (cap CAD 2.00)
Clearing Fee	VENTURE	CAD 0.00010 per share (cap CAD 2.00)
Transaction Fee	Regulatory Fee	CAD 0.00011 per share (cap CAD 3.30 per trade)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
TradeStation Global Platform	✔	PC and Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　There's no minimum level of trading activity. But fees for deposit/withdrawal are not mentioned on their website. TradeStation Global allows deposits and withdrawals in your residential country's currency, your account's base currency, or common currencies like USD, EUR, HKD, GBP, AUD, SGD, CHF, CAD, and JPY, with broader support for currencies including AUD, GBP, CAD, CNH, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KRW, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, SEK, CHF, TRY, and USD.