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Tradestation brokerage

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  #1 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
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Hello, I was wondering if anyone has any experience with tradestation brokerage. I've heard alot of horror stories. But I'm still really interested. Any feed back would be greatly appreciated

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  #3 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
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Posts: 1,721 since Oct 2011
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been a tradetsation user for many years. each to his own. I also use Ninja for Order flow

we have @mattz on forums if you want to understand more on Tradestation.

Various users use different platforms. You should probably explore on your own and make the decision by yourself
Tradestation may have horror stories...but it would also have its good parts. Hence its important to make a conscious decision per ones experiences

cheers and best

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  #4 (permalink)
 mattz   is a Vendor
 
 
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paps View Post
been a tradetsation user for many years. each to his own. I also use Ninja for Order flow

we have @mattz on forums if you want to understand more on Tradestation.

Various users use different platforms. You should probably explore on your own and make the decision by yourself
Tradestation may have horror stories...but it would also have its good parts. Hence its important to make a conscious decision per ones experiences

cheers and best

@paps, I appreciate the mention! Happy and Healthy 2017 to you!

I agree with your sentiment about trading platforms, and I am not sure how to respond to someone who says "I've heard alot of horror stories" (?).

If someone has a specific question about services, execution, a technical issue I would be more than happy to address it. We have been jubilant with the service that TradeStation has given us and our customers. I have a rep inside TS that helps me expedite things and helps me set up customers. They are a good company, and we are happy to carry them as an FCM.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading.Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #5 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 2,987 since Jul 2012
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Tradestation is my platform of choice for developing, testing, automating and live trading futures strategies. It is not perfect, has some quirks, but fars surpasses anything else I have tried. I really on Tradestation heavily.

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  #6 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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I like tradestation a lot as an overall package. You don't have to worry about matching up a data provider with a charts package and brokerage. It's all wrapped into one. They have server-side managed OCO. You can also trade futures, stocks, options all from the same platform. I left them though, because they don't provide day trading margins for overnight trades, which is limiting for small accounts.

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #7 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
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Posts: 1,721 since Oct 2011
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thnx guys...maybe some of the stuff responded above helps the original poster. It maybe a tough choice for someone.

Will also pitch in what i really love about the platform

I use Ninja as some of the tools I use developed by myself/vendors need it for Order Flow & Tape. I love Ninja dont get me wrong as I can see Tape for a instrument very clearly. But I equally or more love Tradestation where I have Full market view using my customized Radarscreens or Customized Tape.

However i use some indicators which cannot really be found elsewhere that I use on Tradestation and will always have me hooked onto the platform ...some of them being the Heartbeat "aka Liquidity" of the market. I can look at Liquidity thru all instruments (Stocks, Futures, Forex) at any given time. Also I use some special software which show me Spikes in the Market which was developed when no other retail platform did Sub-second development. I also have various programs which are used to either read RTH or EOD Prints from Top Instruments & Bear Funds which are automatically transferred to my HDD via developed programs. These are some of the reasons for which I will will never be able to leave Tradestation. Yes it may have some flaws....but the developers of Tradestation have also put some very serious development time into it.

And lastly.... even some of the few free programs by Tradestation Labs cannot be compared as in I have not seen them being offered elsewhere. One can get very relevant information such as Pre-Market analysis...RTH analysis & much more info on crashes etc can be gleaned if one knows what is it being looked at. Ofcourse one needs to develop this on their own or tweak the free programs. This is free if you know how to work it. The amount of vastness and development of the platform can only be appreciated by some and by folks who may need it... just one such example is the following list which is readily available on various charts/radarscreens etc https://tradestation.tradingappstore.com/products/MarketBreadthScore/document/TradeStation_Calculated_Indices.pdf

Likewise Ninja also has its strengths...one can code extreme specialized cases of VPIN using Ninja (Volume Synchronized Probability of Informed Trades). Hence mentioned each user to his own.

cheers n goodluck

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  #8 (permalink)
 mattz   is a Vendor
 
 
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jackbravo View Post
.... I left them though, because they don't provide day trading margins for overnight trades, which is limiting for small accounts.

Carrying overnight positions margins are determined by the exchange. You will have the same issue with every FCM.

Maybe you meant that don't apply day trading margins when the next session Globex session starts at 6 PM EST 5 PM CST (?)

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #9 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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Posts: 1,339 since Jun 2014
Thanks: 4,346 given, 2,389 received


mattz View Post
Carrying overnight positions margins are determined by the exchange. You will have the same issue with every FCM.

Maybe you meant that don't apply day trading margins when the next session Globex session starts at 6 PM EST 5 PM CST (?)

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Yea, that's what I meant, they do not offer day trading margins for the entire globex session....which other brokerages offer

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #10 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,040 since Dec 2013
Thanks: 3,343 given, 7,983 received


As a clearing broker I have no issues with Tradestation, but will point out that they charge an additional fee (yes fee not margin) for positions held overnight.

As an executing platform (9.5), the fact that you can not enter a spread order to roll positions, is in this modern day and age, medieval! And since I'm complaining about lack of instruments, access to the Trade At Settlement would also be nice.

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  #11 (permalink)
 FastTrading 
Boston
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: NQ
 
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Posts: 11 since Jan 2017
Thanks: 1 given, 3 received

TradeStation works well fullstop! I can say that as a client of their services. Maybe not the best everything but EasyLanguage is great. EasyLanguage is fairly easy-to-learn and powerful program language; you can get some pretty cool customization out of the programming for creating technical indicators and trading strategies. It's a great to start for a novice from my perspective. Easy to migrate to other products that you can trade outside of futures if that is your type of thing. Plus they won't give you ridiculous margin terms where you can get yourself into a whole lot of trouble ...$400 to $500 for one ES contract is very dangerous proposition in my opinion especially if you are new to futures trading and you test your buying power intraday.

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  #12 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
Thanks: 18 given, 12 received

Sorry for the long delay guys. How about tradestation as a broker. I've read that customer service is worse than IB and moving funds around or even the intial funding of a account can take weeks. Plus I'm also into euro equities, is that possible with tradestation. Any comments would be greatly appreciated

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  #13 (permalink)
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ....that's what it boils down to
 
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Posts: 1,339 since Jun 2014
Thanks: 4,346 given, 2,389 received

I have had no issues with withdrawing or depositing funds by wire. They have a Eurex data package, but I never tried it.

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"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #14 (permalink)
 JohnS 
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
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I used Tradestation brokerage and I had no problem with moving funds. I used the Eurex package and had no problems.

but Tradestation did not have double layer security to enter in to the account when I used it in 2014. IB does have a second layer of security so you don't have to worry about your account getting hacked.

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  #15 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
Thanks: 18 given, 12 received

That's very true. I really like that little key card. I'll probably just stay with IB and go with esignal for their scanner.
Thanks

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  #16 (permalink)
 FastTrading 
Boston
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: NQ
 
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Posts: 11 since Jan 2017
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Leatherneck View Post
Sorry for the long delay guys. How about tradestation as a broker. I've read that customer service is worse than IB and moving funds around or even the intial funding of a account can take weeks. Plus I'm also into euro equities, is that possible with tradestation. Any comments would be greatly appreciated

Hey Leatherneck (I like your handle!),
I use TradeStation, I love it. Some users in the TradeStation community complain about it a bit ...its older, margins aren't as generous as Ninja's, etc. I love Easylanguage where I can easily customize some things (but I just scratched the surface there, need to learn more and more to do on that front). The platform is very stable and have not had a crash and I am running a lot of stuff, maybe too much on it; but I have never had to call into broker desk because my computer was down with TradeStation while in a trade and I am fairly active. On the margins I don't want to even come close to using the $400 to $500 per contract that others offer (I would probably get myself into whole lot of trouble thinking ok, here is once a lifetime opportunity "I got this" leverage to the hilt and then get smoked). I have the ability to trade options on futures if I wish (I don't as I only day trade but want to explore it) and of course I can do FX and trade equities & options on all the platform. I really just trade index futures and manage some of my retirement money in stocks and sell options against my portfolio. They have a London operation from what I understand so I think European equities you are definitely good. .

Call or email Mitch Field my broker he would love to hear from you and he is out of the Florida office. He's a great guy, he will sort you out:
Mitchel Field
Sales Supervisor
Direct: (888) 853-9748
Local: (954) 652-7409
UK Phone (0808) 234-1049 x 7409
Fax: (954) 652-5409
E-Mail: mfield@Tradestation.com

Good luck,
FastTrading

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  #17 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
Thanks: 18 given, 12 received

Thanks fastrading. I'll call him Monday for some info

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  #18 (permalink)
 sam028 
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JohnS View Post
...
but Tradestation did not have double layer security to enter in to the account when I used it in 2014. IB does have a second layer of security so you don't have to worry about your account getting hacked.

AFAIK TS is checking the incoming IP address and you have to allow this address to access your account from their web site. No as good as a double identification but that's something.

I can't judge the broker itself but the software (the 9.5 version) doesn't seems to be very stable. Most of my clients (a large majority are using automation) still use the 9.1, they had to go back to it after numerous 9.5 bugs.

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  #19 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
Thanks: 18 given, 12 received

Just a follow up, I've been with Tradestation for a couple weeks now. I split my account 50/50. Interactive brokers and tradestation. I'm really impressed with tradestation. Thanks for all the comments guys

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  #20 (permalink)
 sienna 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
 
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Leatherneck View Post
Sorry for the long delay guys. How about tradestation as a broker. I've read that customer service is worse than IB and moving funds around or even the intial funding of a account can take weeks. Plus I'm also into euro equities, is that possible with tradestation. Any comments would be greatly appreciated

I did have trouble funding an account at TS, in that it took over three weeks for the funds to arrive, by wire, from a major Australian bank. My bank made 3 formal enquiries, , which were all ignored. The accountmanager at TS was puzzled and could not/would not actively pursue the various deparments within TS. Finally the funds arrived. Withdrawl by wire, was speedy.

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  #21 (permalink)
 FastTrading 
Boston
 
Experience: Intermediate
Platform: TradeStation
Broker: TradeStation
Trading: NQ
 
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Posts: 11 since Jan 2017
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Leatherneck View Post
Just a follow up, I've been with Tradestation for a couple weeks now. I split my account 50/50. Interactive brokers and tradestation. I'm really impressed with tradestation. Thanks for all the comments guys

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Leatherneck good to hear! I am gong to open a second brokerage account, thinking Ninja possibly Sierra if anyone has some thoughts, please let me know if you care to share.

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  #22 (permalink)
 Leatherneck 
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 59 since Jan 2017
Thanks: 18 given, 12 received

Have you ever considered a IB/ sierra combo.

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  #23 (permalink)
 tradingest 
Milan (Italy)
 
Experience: Advanced
Platform: TradeStation, MC, MT4
Broker: TradeStation, IB
Trading: Futures, Forex
 
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Posts: 98 since Dec 2014
Thanks: 7 given, 9 received

TradeStation Account & Margin Requirements for Futures

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  #24 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
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sam028 View Post
AFAIK TS is checking the incoming IP address and you have to allow this address to access your account from their web site. No as good as a double identification but that's something.



I can't judge the broker itself but the software (the 9.5 version) doesn't seems to be very stable. Most of my clients (a large majority are using automation) still use the 9.1, they had to go back to it after numerous 9.5 bugs.



This feature can be turned off.


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  #25 (permalink)
 iq200 
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 304 since Jun 2010
Thanks: 117 given, 194 received

Trading US equities can be a struggle as I found the HB (hard to borrow) list was huge. This was the primary reason I made the move to IB.


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  #26 (permalink)
 tradingest 
Milan (Italy)
 
Experience: Advanced
Platform: TradeStation, MC, MT4
Broker: TradeStation, IB
Trading: Futures, Forex
 
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Leatherneck View Post
Just a follow up, I've been with Tradestation for a couple weeks now. I split my account 50/50. Interactive brokers and tradestation. I'm really impressed with tradestation. Thanks for all the comments guys

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I'm agree with you

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