Cryptocurrency

Who Owns Trade Station

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 7 minute read

Want to go ahead in the market with the help of cutting-edge technology? Then look no further than this trading platform. Would you like to join a thriving marketplace?

TradeStation is a brokerage that has been around since 1982, providing reliable services to active traders. The firm adapted fast to the changing market, becoming one of the most prominent online brokers in the world as technology made trading in the stock market accessible to regular people.

TradeStation’s modern desktop, web-based, and mobile trading solutions provide comprehensive tools and instructional materials that may help anybody learn to trade like an expert.

The availability of a large number of third-party plugins is one of the main selling points of the service, among many others that set the platform apart from its rivals. Traders may have access to a wide variety of specialized technical indicators, screening tools, and automated trading techniques by using these extensions.

Important Characteristics

Because of its many advantages, TradeStation quickly rose to become a top contender among the many available online trading platforms. When utilizing the platform, you may take use of some of its most appealing features, such as:

Complimentary Stock and ETF Trades

There are still many brokers out there that will charge you a fee for every deal you make. TradeStation, however, is now one of the many brokers to provide commission-free stock trading and commission-free exchange-traded fund (ETF) trades. Traders will still have to pay regulatory fees for each deal, although these costs are negligible on a per-share basis.

The one catch with the no-fee services is as follows. Mobile app swaps (iOS and Android) and online app exchanges (over the Internet) are the only ones that don’t cost anything.

It is possible to incur a $10 premium on stocks and $1.40 per contract on futures if you want to use the company’s cutting-edge TS Go desktop interface for trading. While this may seem insurmountable, there is an escape route. To reap the benefits of cutting-edge technology without paying hefty brokerage fees, investors may switch to the commission-free TS Go platform, where they may take use of all the platform’s charting and technical tools and place trades directly from their mobile devices.

There are two sorts of accounts you may create on the website: TS Go and TS Select. There is a commission for TS Go users who make transactions using the desktop tools, but there are no such fees for TS Select members.

Maintain a minimum initial contribution level of $2,000 per year to be eligible for TS Select membership. Once you’ve financed your TradeStation account, you’ll have access to TS Select for as long as you keep your account active.

Competitive Mutual Fund, Option, and Futures Pricing

TradeStation’s pricing is quite competitive, especially when compared to other asset classes like stocks and ETFs. The $14.95 commission for buying and selling mutual funds is standard in the industry.

Options trading costs range from $0.50 to $0.60 per contract, with the exact amount dependent on the type of membership you have. In addition, the cost per futures contract ranges from $0.85 to $1.50, depending on your membership tier.

It’s interesting to note that TS Go members pay the lesser price on options and futures contracts compared to trading shares and ETFs, so keep that in mind if you’re considering making any of those sorts of trades.

In other words, the platform’s transaction fees won’t eat too deeply into your profits if you plan to trade a wide variety of assets.

Trading Tools and an Advanced Trading Platform

A lot of people think the platform and its trading tools are the best out there because they were made specifically for aggressive traders. Each edition of the platform provides access to the same real-time market data, advanced charting tools, and other features that institutional traders want from their online brokerage.

In addition to having all the tools at your disposal to do a thorough technical analysis, you will also have the option of using the backtesting features to see how well your trading strategy holds up against historical data before putting it into action.

It’s also important to note that TradeStation’s mobile platform is equally as user-friendly as its desktop counterpart, providing a superior mobile trading experience.

As a last bonus, in addition to the many technical indicators, charting tools, and market data sets, users may also construct watch lists to keep tabs on potential investments they aren’t quite ready to make just yet.

Desktop Operating System

TradeStation’s mobile and online platforms are also worth exploring, but if you want to take advantage of all the software has to offer, you need to use the desktop version.

As a desktop service, it provides all of the aforementioned features as well as direct market access, automated trade execution, and the ability to create, test, monitor, and automate trading strategies for stocks, options, and futures.

EasyLanguage

There is no doubt that TradeStation’s EasyLanguage function is what truly sets it apart from the competitors. EasyLanguage is an in-house programming language for developing personalized trading indicators and algorithms.

Even if you have no interest in learning the language to create these tools yourself, just knowing that it exists can greatly improve your trading.

A number of independent programmers have released plugins that can only be accessed by using this proprietary language, and these may be purchased for a price. Despite the fact that some of the add-ons are rather pricey, the great majority of them are around $100 per month, and some of them are under $100 for lifetime membership, making it well worth delving into the alternatives and determining which will fit in best with your trading approach.

OptionStation Pro

You’d be hard-pressed to find a better options trading experience than OptionStation Pro from TradeStation. TradeStation’s options trading platform provides access to all of the company’s market analysis tools. TradeStation has been a pioneer in automated options analysis for over two decades.

You may swiftly assess the options market, construct options chains, evaluate your strategy with risk graphs, and execute trades depending on the information provided by the platform.

Time is money in the world of options trading, so having access to such potent analytical tools and the speed with which you can place trades based on this analysis provides you a significant competitive advantage.

Trading Community that is Active

Having a support system is invaluable, regardless of whether you’re a stock trader, an options trader, or a trader of any other type of asset. TradeStation delivers precisely that.

There are a lot of individuals that use TradeStation, and many of them are quite involved in the platform’s community forums. For a new trader just starting out, this group is a gold mine of information and support.

After all, if you want to improve your basketball skills, wouldn’t it be fantastic if you could talk to a professional like Lebron James and pick his brain for pointers? The good news is that the TradeStation community is full of seasoned traders who are happy to help those just starting out.

If you consider yourself an expert in a certain field, you might still benefit from the input of your peers. Even if you’re a complete market newbie, you’ll find something useful in the active TradeStation community.

Educational Resources

Education has always been, and will continue to be, the cornerstone of productive business endeavors. After all, to succeed as a trader, you must understand what drives market behavior and how to capitalize on it.

TradeStation is aware that the success of those who utilize its platforms is crucial to the company’s continued dominance in the trading sector. The organization provides you with all the learning resources you’ll ever need to achieve your goals.

Trading lessons and webinars are available for free to members of the service, and they are intended to help traders of all skill levels.

Obtainability of Cryptocurrency

Common investments include stocks, ETFs, mutual funds, options, and futures. But in recent years, the proliferation of cryptocurrencies has been impossible to overlook. Retail investors are flocking to digital currencies like Bitcoin, Litecoin, and Ethereum, fueling growth that even the most momentum-driven equities can’t match.

However, very few online brokers now allow their clients to trade in cryptocurrencies.
TradeStation is not like that in any way. TradeStation Crypto was released in May 2019 to cater to the growing number of investors who are looking to test their mettle in the cryptocurrency market.

You may trade all of the most prominent cryptocurrencies using the firm’s Crypto platform. While doing so, you may take advantage of the company’s regular platform’s highly sophisticated features, offering individuals who are interested in active trading crypto a leg up on the competition.

RadarScreen

Last but not least, most online brokers provide access to a stock screener, although a very basic one. The TradeStation RadarScreen is not like that. You may rapidly uncover potentially profitable chances based on the indications you care about with the help of the screener, which not only looks at price and volume but also combines historical data.

In addition, the screener may be modified in any way. You may also use the hundreds of proprietary EasyLanguage signs that come preinstalled and can be modified to your liking.

When compared to RadarScreen, other stock screeners are like a jogging when compared to the speed at which you can locate the specific sorts of possibilities you’re searching for. Really, there’s no way to compare the two.

Bottom Line

If you are, or aspire to be, an engaged part of the trading community, TradeStation is a fantastic platform from which to do so. The powerful system provides you with all you need to succeed, and more.

As if that weren’t enough, the firm also provides a bustling community and instructional materials that experts can learn from. You may want to seek elsewhere if you are the sort of investor who likes to “set it and forget it,” particularly if you are just starting out with a small amount of money.

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