TradeStation Global fees explained

Dec 2018
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Overview of TradeStation Global fees and charges

TradeStation Global logo

It's safe to say that TradeStation Global's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use TradeStation Global even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of TradeStation Global's fees

TradeStation Global Fees snapshot
AssetsFee levelFee terms
US stock feeLow$0.007 per share, min $1.5
EURUSD feeHigh0.6 bps*trade value; min $2 per trade
US tech fund feeHigh$25 per trade
Inactivity feeAverage$10 after one year of inactivity

TradeStation Global fees
TradeStation Global fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that 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 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare TradeStation Global fees with its closest competitors, DEGIRO and Saxo Bank.

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. multiple times a week).

Let's break down the trading fees into 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.

Stock fees of a $2,000 trade
TradeStation GlobalDEGIROSaxo Bank
USA$1.5$0.6$9.9
UK $2.4$5.4$7.2
Germany$2.4$5.7$11.4

Forex fees

TradeStation Global's forex fees are average.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
TradeStation GlobalDEGIROSaxo Bank
EURUSD benchmark fee$23.0-$58.4
EURGBP benchmark fee$17.0-$27.2

Fund fees

TradeStation Global fund fees are average.

A $2,000 fund buy fees
TradeStation GlobalDEGIROSaxo Bank
USA tech fund buy$25.0$10.6-
Europe stock fund buy$2.4$10.6-

Bond fees

TradeStation Global has low bond fees.

Bond fees of a $10,000 trade
TradeStation GlobalDEGIROSaxo Bank
USA$1.5-$91.2
Europe$17.1$11.5$91.2

Options fees

TradeStation Global's options fees are low.

Stock index options fees of 10 contracts
TradeStation GlobalDEGIROSaxo Bank
USA$15.0$6.5$60.0
UK$21.8-$72.5
Germany$17.1$10.3$68.4

Futures fees

TradeStation Global's futures fees are low.

Stock index futures fee of 10 contracts
TradeStation GlobalDEGIROSaxo Bank
USA$17.5$6.5$60.0
UK$13.8$30.2$72.5
Germany$15.4$10.3$68.4

CFD fees

TradeStation Global has high CFD trading fees.

CFD fees, commission of a $2,000 trade
TradeStation GlobalDEGIROSaxo Bank
USA $1.5$0.7$10.0
UK$15.0$5.7$11.6
Germany$15.0$5.7$11.4

Crypto fees

Financing rates

TradeStation Global financing rates are average.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

TradeStation Global yearly financing rates
TradeStation GlobalDEGIROSaxo Bank
Apple financing rate5.8%4.3%7.1%
Vodafone financing rate3.9%2.5%5.3%
EURUSD financing rate4.9%-15.5%
EURGBP financing rate3.3%-6.7%

TradeStation Global fees
TradeStation Global non-trading fees

When it comes to looking at all the non-trading fees TradeStation Global is an expensive broker. This means that they tend to charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at TradeStation Global that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how TradeStation Global stacks up in non-trading fees
TradeStation GlobalDEGIROSaxo Bank
Withdrawal fee$0$0$0
Deposit fee000
Inactivity feeYesNoYes
Account feeNoNoNo

TradeStation Global fees
TradeStation Global deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and TradeStation Global is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods TradeStation Global offers.

TradeStation Global deposit methods
TradeStation GlobalDEGIROSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoYesNo
Deposit fee000

TradeStation Global fees
TradeStation Global withdrawal fee

Unlike the majority of the online brokers we have reviewed TradeStation Global does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

TradeStation Global withdrawal fees and options compared
TradeStation GlobalDEGIROSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoYesNo
Withdrawal fee$0$0$0

TradeStation Global fees
TradeStation Global inactivity fee

TradeStation Global does apply an inactivity fee and it is $10 after one year of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that TradeStation Global charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

TradeStation Global has average inactivity fee.

TradeStation GlobalDEGIROSaxo Bank
Inactivity feeYesNoYes
Inactivity fee$10 after one year of inactivityNo inactivity fee$25 per quarter if you don't trade in the previous quarter

Read more about TradeStation Global inactivity fee on their own site.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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