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Is TradeStation Safe?


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Is TradeStation Safe?

  #1 (permalink)
Andreas Faurholdt
Aalborg, Denmark
 
Posts: 5 since May 2023
Thanks Given: 4
Thanks Received: 0

Hello,

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

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  #2 (permalink)
 
Tripken's Avatar
 Tripken 
Knoxville, TN/USA
Market Wizard
 
Experience: Beginner
Platform: TradeStation
Broker: TradeStation
Trading: ES
Frequency: Several times daily
Duration: Minutes
Posts: 623 since Feb 2010
Thanks Given: 1,562
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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

I believe TS is $0 commission for stocks/ETF's?

https://www.tradestation.com:443/pricing/

TripK

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  #3 (permalink)
Andreas Faurholdt
Aalborg, Denmark
 
Posts: 5 since May 2023
Thanks Given: 4
Thanks Received: 0


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

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  #4 (permalink)
mkjonhston
London UK
 
Posts: 19 since Jan 2015
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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.

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  #5 (permalink)
 
Phoenixoboros's Avatar
 Phoenixoboros 
Paris France
 
Experience: Advanced
Platform: Sierra Chart,TradeStation
Broker: Advantage Futures
Trading: CME Futures & US Treasury Bonds Futures (week) and Bitcoin (week-end)
Posts: 88 since Feb 2021
Thanks Given: 95
Thanks Received: 65

Been with them since 2019, yes they are safe.

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Last Updated on August 10, 2023


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