Is TradeStation Global free?
TradeStation Global does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with TradeStation Global though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.
We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at TradeStation Global. To check and compare fees at other brokers, go to our main Fee calculator page.
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TradeStation Global fees
Overview of TradeStation Global fees and charges
It's safe to say that TradeStation Global's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of TradeStation Global's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0.01 per share, min. $1.5 |
| EURUSD fee | Low | 0.6 bps*trade value; min $2 per trade |
| US mutual fund fees | High | $25 per trade |
| Inactivity fee | Low | No inactivity fee |
TradeStation Global fees
TradeStation Global fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare TradeStation Global fees with its closest competitors, Saxo Bank and Swissquote.
TradeStation Global fees
TradeStation Global trading fees
TradeStation Global's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at TradeStation Global.
Trading fees
TradeStation Global's trading fees are low.
Stock fees and ETF fees
TradeStation Global has low stock trading fees.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| US stock | $1.5 | $10.0 | $25.0 |
| UK stock | $2.0 | $9.9 | $31.0 |
| German stock | $2.4 | $10.7 | $26.8 |
Forex fees
TradeStation Global's forex fees are low.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| EURUSD benchmark fee | $14.8 | $13.7 | $13.9 |
| EURGBP benchmark fee | $12.8 | $11.6 | $12.4 |
Fund fees
TradeStation Global fund fees are high.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| Mutual fund | $25.0 | $0.0 | $9.0 |
| EU mutual fund | $2.4 | - | $9.0 |
Bond fees
TradeStation Global has low bond fees.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| US Treasury bond | $7.5 | $85.6 | $75.0 |
| EU government bond | $15.0 | $85.6 | $53.5 |
Options fees
TradeStation Global's options fees are average.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| US stock options | $15.0 | $30.0 | $14.9 |
| US stock index options | $15.0 | $30.0 | $19.9 |
| UK stock index options | $18.6 | $31.0 | - |
| German stock index options | $16.1 | $42.8 | $10.7 |
Futures fees
TradeStation Global's futures fees are low.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| US micro e-mini stock index futures | $5.0 | $40.0 | $19.9 |
| UK stock index futures | $11.8 | $37.2 | - |
| German e-mini stock index futures | $14.4 | $42.8 | $10.7 |
CFD fees
TradeStation Global has average CFD trading fees.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| Apple CFD | $1.6 | $10.1 | - |
| Vodafone CFD | $6.0 | $10.3 | - |
| Germany | $15.0 | $11.4 | - |
Currency conversion fee
TradeStation Global will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.6 bps * trade value; min. $2 per trade.
Margin rates
TradeStation Global margin rates are average.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| USD margin rate | 9.6% | - | 9.1% |
| EUR margin rate | 7.6% | - | 7.2% |
TradeStation Global fees
TradeStation Global non-trading fees
When it comes to non-trading fees, TradeStation Global is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at TradeStation Global that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $10 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | No |
| Account fee | No | No | No |
TradeStation Global fees
TradeStation Global deposit fee
Usually, brokers don't charge anything for deposits, and TradeStation Global is no different.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
TradeStation Global fees
TradeStation Global withdrawal fee
TradeStation Global generally doesn't charge a withdrawal fee.
| TradeStation Global | Saxo Bank | Swissquote | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes |
| Electronic wallets | No | No | No |
| Withdrawal fee for bank transfer | $0 | $0 | $10 |
TradeStation Global fees
TradeStation Global inactivity fee
TradeStation Global does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
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