At a Glance
Rates & Fees
Key Features
Advanced desktop platform with custom scripting via EasyLanguage
Deep historical data and backtesting tools for active and algorithmic traders
Paper trading (simulated) accounts for strategy testing
Pros & Cons
Pros
- Professional-grade charting, backtesting, and strategy automation tools
- Zero-commission stock and low-cost options trading
- Strong platform for active and algorithmic traders
Tradeoffs
- No fractional shares
- Advanced platform has a steeper learning curve for beginners
- Higher transfer-out fee than many competitors
Best for: Active and algorithmic traders who want professional-grade charting, backtesting, and automation tools
How to Apply
Decide which account type fits your goal β TradeStation Securities, Inc. offers Individual, Joint, Roth IRA, and more.
Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.
Open the account directly on TradeStation Securities, Inc.'s site or app; identity verification is required by federal law for all brokerages.
Fund the account with any amount β this broker has no minimum deposit requirement.
Review commission schedules and any account fees before placing your first trade.
How It Compares
Current product highlighted| Product | Stock Trades | Options Trades | Min. Deposit |
|---|---|---|---|
| TradeStation | $0 | $0.50/contract | $0 |
| Fidelity Investments | $0 | $0.65/contract | $0 |
| Charles Schwab | $0 | $0.65/contract | $0 |
| E*TRADE | $0 | $0.65/contract ($0.50 for 30+ trades/qtr) | $0 |
Fees and features shown are illustrative as of 2026 and subject to change β always confirm current terms directly with the broker before opening an account.