Introduction
Are you considering using a trading platform like TradeStation but wondering how much it will cost you per month? You’re not alone. Many traders and investors want to know the pricing models of trading platforms before they commit to using them. In this article, we’ll break down TradeStation’s pricing structure and help you determine if it’s the right platform for you.
What is TradeStation?
TradeStation is a multi-asset broker that offers a trading platform for active traders and investors. The platform offers a wide range of features, including advanced charting tools, customizable indicators, and automated trading strategies. TradeStation is known for its powerful trading tools and its ability to connect to various data providers.
TradeStation Pricing Plans
TradeStation offers two pricing plans: TS Select and TS Go. TS Select is the more advanced plan, while TS Go is the simpler plan.
TS Select Pricing
TS Select requires a minimum account balance of $2,000 and charges a monthly fee of $125. This plan includes access to TradeStation’s full range of trading tools and features, including advanced charting, backtesting, and trading automation. It also includes free access to real-time market data for stocks, options, futures, and forex.
TS Go Pricing
TS Go is the simpler plan and has no minimum account balance requirement. It charges a monthly fee of $10 and offers access to TradeStation’s core trading features, including basic charting and trading automation. However, it does not include access to real-time market data. Instead, users have to pay for that separately.
Additional Fees
In addition to the monthly fees, TradeStation charges additional fees for certain features and services.
Real-Time Data Fees
Real-time market data is not included in the TS Go plan, and users have to pay for it separately. The fees vary depending on the type of data and the exchange.
Commission Fees
TradeStation charges commission fees for trades. The fees vary depending on the type of asset and the volume of the trade. Options trades have a base fee of $0.50 per contract, while futures trades have a base fee of $1.50 per contract.
Other Fees
TradeStation also charges fees for certain services, such as wire transfers and account transfers. These fees are not included in the monthly fee and vary depending on the service.
Conclusion
TradeStation offers two pricing plans that cater to different types of traders and investors. The more advanced plan, TS Select, requires a minimum account balance of $2,000 and charges a monthly fee of $125. The simpler plan, TS Go, has no minimum account balance requirement and charges a monthly fee of $10. In addition to the monthly fees, TradeStation charges additional fees for certain features and services, such as real-time market data and commission fees for trades. When choosing a trading platform, it’s important to consider not just the pricing but also the features and services that come with it.
