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I want to daytrade S&P500 ETF's instead of micro emini futures, as they offer less exposure which is useful for me as a beginner, so I don't lose as much when I lose.
I also want to use TradeStation because they offer integration with TradingView, which allow me to get $0 in comissions per full trade, instead of $10 if I use their TradeStation desktop platform. As I become more profitable, I want to trade futures on the TradeStation desktop platform.
Because of the PDT rule, I need to deposit at least $25,000 and my question is, as an international client, is this safe to do? Do they freeze accounts? Are withdrawals always available?
I have already deposited some because I had totally forgotten about the PDT rule, but this is a big chunk of my savings which I worked hard for, and I'd like to know your experiences with TradeStation regarding safety of money in accounts.
Kind regards,
Andreas F
Can you help answer these questions from other members on NexusFi?
Hi, I've been with TS since 2010 and have no issues. I started with stocks and had in excess of $25k for PDT rule. I've since switched to futures so the account size is a little smaller, but never an issue.
I wasn't aware of the TradingView connection, I will look into it, thx
Sounds promising. I am an international client from Denmark, so my commissions are different from US clients.
TradingView is great for charting, but I am not sure how good it is for trading as it seems to be a bit laggy and setting profit taking orders etc. is not the best yet. Perhaps that is just me.
If anyone here is an international client with TradeStation, I'd like to hear your opinion as well.
Andreas
mkjonhston
London UK
Posts: 19 since Jan 2015
Thanks Given: 0
Thanks Received: 5
Not sure about safety, but they are definitely low on automatic trade execution. Say, even if you wanted to trade/develop something on the platform, few major issues - such as platform is not stable and strategy generated orders are not filled 90% of the time.