TradeStation

Rating: 3 / 5

TradeStation is a US-based broker founded in 1982 as Omega Research. In 1987, the company released its first product, System Writer, which allowed traders to back-test their trading strategies using historical data. The release of System Write Plus in 1989 followed before its flagship product, TradeStation, was launched in 1991. It quickly gained popularity, and Omega Research signed an exclusive deal with Dow Jones Telerate to offer TradeStation to institutional clients globally. The success allowed the company to complete an initial public offering (IPO) in 1997, listing on the NASDAQ National Market. In 2000, TradeStation 6 entered the online brokerage market, followed by a 2001 restructuring of the firm to distinct between the brokerage and technology divisions. In 2011, Japan-based financial conglomerate Monex Group acquired TradeStation. Today, it remains a dominant online broker in the US retail market, where it continues to deploy cutting-edge technologies to grant its clients a competitive edge.

TradeStation Website Screenshot

Broker Details

Headquarters
United States
Established
1982
Execution
ECN/STP, Market Maker

Trading Conditions

Trading Hours
Stocks (non-CFDs)Monday 08:00 - Friday 20:00
ETFsMonday 08:00 - Friday 20:00
OptionsMonday 08:00 - Friday 20:00
FuturesSunday 17:00 - Friday 17:00

Platform & Features

Trading Platforms
Proprietary platform

Pros

  • Commission-free futures trading
  • Fast and reliable order execution with average speeds of 0.056 seconds
  • Cutting-edge trading platform with 180+ indicators

Cons

  • Unfair treatment of non-US traders due to stock commissions
  • Only bank-related payment processors

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