TradeStation Account Types

TradeStation offers a variety of account types to cater to different trading needs and preferences. The main account types include:

• TS Select Account:
• Minimum Deposit: $2,000
• Commission: $0 for the first 10,000 shares of U.S. stocks and ETFs; $0.005 per share thereafter.
• Features: Access to the powerful TradeStation desktop platform, margin trading available.
• TS Go Account:
• Minimum Deposit: $0
• Commission: $10 per trade.
• Features: Primarily for casual traders using the web and mobile platforms.
• Crypto Account:
• Minimum Deposit: No minimum required.
• Commission: Maker commissions at 0%; taker commissions range from 0.15% to 0.60% based on the account balance.
• Features: Designed for cryptocurrency trading, managed by TradeStation Crypto, Inc.
• IRA Accounts:
• Types: Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA.
• Features: Tax-advantaged retirement accounts with specific contribution limits and tax implications.

TradeStation Broker Account Opening Process

Opening an account with TradeStation involves several straightforward steps:

• Visit the Website: Go to TradeStation's official website and click on the "Open an Account" button.

• Account Registration: Fill out the registration form with your personal information, including name, address, and email.

• Select Account Type: Choose the type of account you wish to open (e.g., TS Select, TS Go, Crypto, or IRA).

• Equities Account Settings: Configure your equities account settings, including margin trading preferences and investment risk tolerance.

• Personal Information: Provide additional personal information such as your Social Security Number and employment details.

• Financials & Experience: Disclose your annual income and trading experience to help determine your account type and trading capabilities.

• Review and Agreements: Review all provided information and account agreements. Agree to the terms and conditions.

• Funding the Account: After your account is approved, you will be prompted to fund your account. You can link your bank account for deposits.

• Start Trading: Once your account is funded, you can start trading on the TradeStation platform.