Trade Station Review

Updated June 30, 2013
Bottom Line

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.

ProsExcellent research tools, Direct-access trading, Fully customizable trading platform, Active online communityConsSoftware-based only, Costlier than most, Learning curve

Our Sources