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No software fees for new Tradestation account!
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No software fees for new Tradestation account!

  #11 (permalink)
Elite Member
Sydney, NSW, Australia
 
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This was my correspondence with one of their reps;


Just reading through that application agreement, on page 12 there is a monthly minimum activity requirement and/or a 99.95 cost, is that still in effect?

Quoting 
That fee no longer applies to "per trade" equities or "single tier" futures accounts.


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  #12 (permalink)
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Ottawa
 
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amoeba View Post
This was my correspondence with one of their reps;


Just reading through that application agreement, on page 12 there is a monthly minimum activity requirement and/or a 99.95 cost, is that still in effect?

That is my understanding too, that the 99.95/month fee is not applicable to the 1.5/contract/side futures account.

Here is what I found:


Pricing Disclosure
An annual fee of $50 will apply to all Single Tier $1.50 per contract, per side futures accounts that fail to maintain an average end-of-month equity balance of at least $2,000 or place at least five (5) trades in the preceding 12 months. No overnight fee will apply to futures accounts on the single-tier pricing plan.

Single tier accounts opened on or after August 1, 2017, or previously established futures account holders who elect to switch commission plans, will receive TradeStation, RadarScreen®, OptionStation Pro®, Portfolio Maestro®, foreign exchange (forex) and Reuters Fundamental data and Benzinga news free of charge. Qualified non-professional subscribers will also receive CME, CBOT, COMEX and NYMEX real-time Globex and E-mini Level 1 and Market Depth data free of charge. If you currently have opened, or intend to open: (1) an equities account under per-share, unbundled, different terms or promotions, or any other plan prior to 3/3/17; or (2) a futures account under any other plan except the single tier $1.50 per contract plan, per side, a monthly $99.95 account service fee will apply to accounts that fail to maintain an end-of-month equity balance of at least $100,000, trade at least 5,000 shares or trade at least 50 options contracts or 10 round-turn futures or futures options contracts in the preceding month.

Tiered future commission plan is primarily designed for use by active individual, institutional and professional futures traders. A monthly $99.95 account service fee will apply to accounts that fail to maintain an end-of-month equity balance of at least $100,000, or trade 10 round-turn futures or futures options contracts in the preceding month. An overnight fee of $0.10 will be applied per net open futures contract on a per settlement date basis for futures accounts on the tiered pricing plan.



https://www.tradestation.com/pricing/futures-pricing-disclosures/


Tradestation really changed a lot in this few months if this is true.

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  #13 (permalink)
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freasno, ca usa
 
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Looks right, not sure if I should switch my account since I have an existing account on hold I stopped using a while back

Sent using the futures.io mobile app

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  #14 (permalink)
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Ottawa
 
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planetmoto View Post
Looks right, not sure if I should switch my account since I have an existing account on hold I stopped using a while back

Sent using the futures.io mobile app

I will open a new account with them shortly. I think it is pretty good now as you get free data (only level 1) with market depth (now becomes free, the data package #1 are free but the explanation underneath is misleading).

Prices available to non-professional single tier futures accounts on the published $1.50 per contract plan, per side. Other non-professional commission plans are subject to the following monthly real-time market data fees: Globex Value Bundle $20.00/month, CBOT Data Package #1 $5.00/month, CBOT Data Package #2 $6.00/month, CME Data Package #1 $5.00/month, COMEX Data Package #1 $5.00/month, COMEX Data Package #2 $6.00/month, NYMEX Data Package #1 $5.00/month, NYMEX Data Package #2 $6.00/month.


BTW, do you know if I can trade Forex in the futures account?

Thanks

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  #15 (permalink)
Market Wizard
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ericgong View Post
I will open a new account with them shortly. I think it is pretty good now as you get free data (only level 1) with market depth (now becomes free, the data package #1 are free but the explanation underneath is misleading).

Prices available to non-professional single tier futures accounts on the published $1.50 per contract plan, per side. Other non-professional commission plans are subject to the following monthly real-time market data fees: Globex Value Bundle $20.00/month, CBOT Data Package #1 $5.00/month, CBOT Data Package #2 $6.00/month, CME Data Package #1 $5.00/month, COMEX Data Package #1 $5.00/month, COMEX Data Package #2 $6.00/month, NYMEX Data Package #1 $5.00/month, NYMEX Data Package #2 $6.00/month.


BTW, do you know if I can trade Forex in the futures account?

Thanks

Tradestation does not offer Forex trading anymore. Also, if you are in Ottawa, you should be able to open account. Canadians not in Ontario cannot...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #16 (permalink)
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If I fund my futures account in CAD dollar, will it be converted to USD? if not, when I trade, will the gain or loss remain in USD like when I trade in IB?

Thanks,

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  #17 (permalink)
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ericgong View Post
If I fund my futures account in CAD dollar, will it be converted to USD? if not, when I trade, will the gain or loss remain in USD like when I trade in IB?

Thanks,

I can't speak directly for Tradestation, but when I traded non-USD denominated futures at Interactive Brokers (Hong Kong Index), my funds were converted to HKD, and stayed in HKD until I converted it back to USD.

Sent using the futures.io mobile app

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  #18 (permalink)
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drm7 View Post
I can't speak directly for Tradestation, but when I traded non-USD denominated futures at Interactive Brokers (Hong Kong Index), my funds were converted to HKD, and stayed in HKD until I converted it back to USD.

Sent using the futures.io mobile app

Oops! I guess I should read your entire question. I see that you are already an IB customer.

Sent using the futures.io mobile app

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  #19 (permalink)
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Fees?

looks like platform and data fees have gone away, but per round trip fees are higher. For the ES it would be $1.50 + 1.18

+ 0.01 per side or $5.38 round trip. For CL $1.50 + 1.50 + 0.01 per side or $6.02 roundtrip.

Is this correct?

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  #20 (permalink)
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Any Official Data



iq200 View Post
I thought I'd bring it to attention of people on this site that I got an email today saying Tradestation will no longer be charging software fees for brokerage accounts. This is a game changer but I suspect it also has to do with the fact that people have been leaving Tradestation.

Hi. I don't think there is an official data on customers leaving or entering Tradestation! If you have, please share it with us bcoz I'm a tradestation customer and I'm enjoying their service till now. There are very few "technical" issues about their NEW LOOK platform and they are keep updating, solving issues and developing it to provide better service for reliable customers.
Looking for others feedback, please?
Best wishes
https://futures.io/images/smilies/ammo/crazy_pilot.gif

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