Overview of TradeStation fees and charges
It's safe to say that TradeStation'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 even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of TradeStation's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Commission-free up to the first 10,000 shares per trade for US clients. $5 per trade for non-US clients |
| EURUSD fee | - | Not available |
| US tech fund fee | Average | $14.95 per transaction |
| Inactivity fee | Low | $50 per year if your balance is less than $2,000 or if you make less than 5 trades per year |
TradeStation fees
TradeStation fees explained
We compare TradeStation fees with its closest competitors, tastyworks and Interactive Brokers.
TradeStation fees
TradeStation trading fees
TradeStation'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.
Trading fees
TradeStation's trading fees are low.
Stock fees and ETF fees
TradeStation has low stock trading fees.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $1.0 |
| UK stock | - | - | $3.4 |
| German stock | - | - | $3.0 |
Fund fees
TradeStation fund fees are average.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Mutual fund | $15.0 | - | $15.0 |
| EU mutual fund | - | - | $4.4 |
Bond fees
TradeStation has low bond fees.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| US Treasury bond | $20.0 | - | $5.0 |
| EU government bond | - | - | $10.0 |
Options fees
TradeStation's options fees are low.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| US stock index options | $6.0 | $7.5 | $6.5 |
| UK stock index options | - | - | $19.2 |
| German stock index options | - | - | $16.8 |
Futures fees
TradeStation's futures fees are average.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| US micro e-mini stock index futures | $15.0 | $8.5 | $2.5 |
| UK stock index futures | - | - | $19.2 |
| German e-mini stock index futures | - | - | $7.9 |
Financing rates
TradeStation financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Apple CFD financing rate | - | - | 5.3% |
| Vodafone CFD financing rate | - | - | 4.5% |
| EURUSD financing rate | - | - | 2.7% |
| EURGBP financing rate | - | - | 2.1% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
TradeStation fees
TradeStation non-trading fees
When it comes to looking at all the non-trading fees TradeStation is a cheap broker. This means that they don't 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 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.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | No | No |
| Account fee | No | No | No |
TradeStation fees
TradeStation 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 is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods TradeStation offers.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
TradeStation fees
TradeStation withdrawal fee
Unlike some online brokers we have reviewed TradeStation 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 | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
TradeStation fees
TradeStation inactivity fee
TradeStation does apply an inactivity fee and it is $50 per year if your balance is less than $2,000 or if you make less than 5 trades per year. 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 charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.
TradeStation has low inactivity fee.
| TradeStation | tastyworks | Interactive Brokers | |
|---|---|---|---|
| Inactivity fee | Yes | No | No |
| Inactivity fee | $50 per year if your balance is less than $2,000 or if you make less than 5 trades per year | No inactivity fee | No inactivity fee |
Read more about TradeStation inactivity fee on their own site.
