TradeStation Account Types

TradeStation offers a variety of account types designed to meet the needs of different traders and investors. The main account types include:

• Individual Account: This is a popular choice for individual traders looking to manage their investments independently.
• Joint Account: Suitable for two or more individuals who wish to share ownership of the account.
• Retirement Accounts: TradeStation provides several retirement options, including Traditional IRA, Roth IRA, and SEP IRA, to help clients meet their retirement goals.
• Entity Accounts: These accounts are tailored for businesses, corporations, partnerships, trusts, and sole proprietorships, allowing them to invest under a specific legal structure.
• Custodial Accounts: Designed for minors, these accounts are managed by an adult until the minor reaches legal age.
• Institutional Accounts: Available for institutional clients, providing tailored services for larger investment needs.

There is no minimum deposit required to open an account, making it accessible for new traders.

TradeStation Broker Account Opening Process

Opening an account with TradeStation involves a straightforward process that can be completed online. Heres a step-by-step guide:

• Complete the Application Form: Start by filling out the online application form on the TradeStation website.
• Select Account Type: Choose the type of account you wish to open (Individual, Joint, Retirement, etc.) and create a username and password.
• Upload Required Documents: Prepare to upload identification documents, such as a government-issued ID (passport or driver's license) and proof of address (utility bill or bank statement).
• Account Approval: After submitting your application, await account approval from TradeStation.
• Fund Your Account: Once approved, fund your account using the available deposit methods.
• Download the Trading Platform: After funding, you will receive instructions to download the TradeStation platform and configure your trading workspace.

For assistance during the application process, you can contact TradeStation customer support at tradestationglobal@tradestation.com.