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TradeStation was founded in 1988 in the US. Currently, the broker`s clients can trade stocks, futures, options, funds, and ETFs. Importantly, the official website of the company is available only in English. The company does not work with traders from Russia, as well as from CIS countries, excluding Latvia, Estonia, and Moldova.
IBFX Holdings was acquired by TradeStation Group in 2011.
The broker is licensed by well-known financial regulators such as NFA, SIPC, and FInRA.
Trading conditions
Trading platforms:
- WebTrader
- TradeStation
- TradeStation Mobile
Trading instruments:
- stocks
- futures
- bonds
- currency pairs
- options
From November 2019, the broker gives access to the cryptocurrency trading: bitcoin (BTC), bitcoin Cash (BCH), ethereum (ETH), litecoin (LTC), and ripple (XRP).
The registration is quite simple, but it is available only to citizens of certain countries, such as Bulgaria, the Czech Republic, Estonia, Lithuania, Latvia, Romania, etc. To open an account, traders should enter the first and last name in Latin, provide an email address,a personal phone number, and a country of residence. Furthermore, clients specify the parameters of their trading accounts and pass verification. For verification, investors need to upload photos of the main page of their passport, residential address, and utility bills (for the last three months).
TradeStation offers clients to execute deals on its own TradeStation trading platform.
Traders can deposit their money via wire transfer. To top up their trading accounts, they can use Visa and MasterCard credit cards, as well as checks.
Unfortunately, the broker does not offer any bonuses. However, traders can count on an affiliate program where they can receive passive income for each invited client who opens an account with the company. The bonus amount depends on the activity of the new client, as well as the number of profitable trades.
Training
The TradeStation educational section is available in the TradeStation University section and includes free video tutorials, articles, and e-books. The company also offers daily pre-session briefings and interviews with savvy traders in the TradeStation Labs section. The TradeStation Today section provides clients with real-time news and tutorials. The Using TradeStation section shows traders how to organize and use a set of trading instruments of the platform by experts. To help clients, the TradeStation TraderWiki section is made with the aim of providing assistance to clients. It contains useful tips, as well as recommendations from more experienced traders. The company`s website also offers the Support Forums where customers communicate with each other and discuss their trading strategies.
Support service
You can contact the company’s managers via online chat and phone. The company`s office is located in the US, Florida.
Feedback
On the Internet, there are mostly positive reviews of traders about work with TradeStation. Clients praise the broker for the quick money withdrawal, the good work of the support service, as well as the correct quotes.
Advantages and disadvantages
Pros:
- high-quality trading platforms
- trading stocks, ETFs, and options without commission
- regulated broker
Cons:
- limited number of countries for cooperation
- lack of mutual funds without transaction fees
