Trade Station

Est. $6.99 to $9.99 per trade
July 2013
by ConsumerSearch

  • Excellent research tools
  • Direct-access trading
  • Fully customizable trading platform
  • Active online community
  • Software-based only
  • Costlier than most
  • Learning curve

Our Analysis

TradeStation is a good choice for those who trade frequently and want the latest technology. The software-based trading platform provides minute-by-minute quotes and executes market orders in a split second, according to Barron's. An active online social network adds to TradeStation's appeal. Customers who don't make a certain number of trades per month pay $99.95 monthly to use the software platform. The account minimum is $5,000 for non-day traders. If you want a less expensive broker with sophisticated trading technology, Interactive Brokers (Est. $0.005 per share) may be a better choice, reviewers say.

TradeStation is not as extensively reviewed as some other online brokers. However, we did find a thorough review from Barron's, and the publication Technical Analysis of Stocks & Commodities lists this broker as the winner of a few 2011 Readers' Choice Awards.

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