TradeStation is an online broker that still has a lot of room to grow to overcome the mid-tier competitors and become a powerful player in the market. In this TradeStation review we will show you all the interesting stats that you need to have before choosing any broker.
Popularity
Not so popular as other competitors, TradeStation lacks in showing big numbers on social media or other places. Not saying anything bad about the company, just showcasing the stats.
| Query | Answer | Reference URL | Date |
| Number of users (approximate) | 80K+ as of June 2012 | https://www.facebook.com/TradeStation/posts/a-question-how-many-tradestation-users-are-there/346770458730753/ | 24 Aug 2020 |
| Website traffic (estimated) | 1.46m | https://www.similarweb.com/website/tradestation.com/ | 24 Aug 2020 |
| # results on web | 1.26m | https://www.google.com | 24 Aug 2020 |
| Search volume Google | 15K | https://searchvolume.io | 24 Aug 2020 |
| Twitter followers | 14K | https://twitter.com/tradestation | 24 Aug 2020 |
| FB followers | 27K | https://www.facebook.com/TradeStation/ | 24 Aug 2020 |
| How popular on mainstream media? | Low | Benzinga, Finance Magnates, The Tokenist, Business Wire | 24 Aug 2020 |
| Negative media? | Low | https://cftc.gov/PressRoom/PressReleases/7338-16 | 24 Aug 2020 |
| Notable awards | Best Professional Platform, Best Real-Time Data, Best Institutional Platform and more | https://www.tradestation.com/why-tradestation/Awards/ | 24 Aug 2020 |
User Rating
TradeStation has a below average rating on the big sites that collect reviews and feedback from users. Not the worst on the market but could certainly strive for better ratings.
Background Information
| Company public/private | Public | https://en.wikipedia.org/wiki/TradeStation |
| Revenue Data | – | – |
| CEO and bio | John Bartleman – has been with the company for over 20 years, time in which he climbed to very top and became the President of TradeStation Group, Inc. | https://www.linkedin.com/in/bartleman/ |
| Number of employees | 371 | https://www.owler.com/company/tradestation |
| Notable investors (private companies) | None | https://www.crunchbase.com/organization/tradestation-technologies |
Security
All the basic security measures that you are used to are available on TraderStation as well.
| Query | Answer | Reference URL |
| HTTPS Certificate | Yes | https://www.tradestation.com |
| 2FA ? | Yes | https://uploads.tradestation.com/uploads/online-identity-theft-and-security-reminders.pdf |
| Device monitoring? | Yes | https://www.tradestation.com/faqs/ |
| New device extra security? | Yes | https://www.tradestation.com/faqs/ |
Fees & Offering
Not cheapest and probably not the most expensive broker online, you need to careful at all the small writings on the site and be sure to ask question before any type of transaction if you are not an experienced trader already.
| Query | Answer | Reference URL |
| Account minimum | None for TS GO $2,000 for TS Select | https://www.tradestation.com/pricing/ |
| Account fixed fees | None | https://www.tradestation.com/pricing/ |
| Fractional shares? | No | https://www.stockbrokers.com/review/tradestation/fees-features |
| Margin costs | Variable | https://www.tradestation.com/pricing/margin-rates/ |
| ETF buying fees | None | https://www.tradestation.com/trading-products/etfs/ |
| Stock buying fees | None | https://www.tradestation.com/pricing/ |
| Option buying fees | None | https://www.tradestation.com/pricing/ |
| Short selling fees | Fees Vary | https://www.tradestation.com/pricing/service-fees/ |
| Futures buying fees | None | https://www.tradestation.com/pricing/ |
| Future options buying fees | None | https://www.tradestation.com/pricing/ |
| Cryptocurrency fees | Fees Vary | https://www.tradestation.com/pricing/ |
| Fixed income fees | $14.95 + additional $5 per bond | https://www.tradestation.com/pricing/ |
| Mutual funds fees | $14.95 per trade | https://www.tradestation.com/pricing/ |
Trading App
The TradeStation mobile app is well received by its users. With an average rating of 4.35 out of 5, the app has one of the best ratings in the market. A common consensus is that somehow the iOS app works better than the Android version.
Final conclusions:
Not exactly the number one pick for many traders but slowly becoming an option for many. With more exposure in the media, TraderStation could increase the awareness and bring more clients to its platform.