Individual Retirement Account, or IRA, which is only available for US ClientsĮntity account – where trading is conducted by a business entityĬustodial Account – for minors aged between 18 – 21 where an adult manages the account on their behalfĬash Account – which does not have the option of leverage and has a $500 minimum deposit requirement
Joint Account – where there is more than one trader who has access to the account Individual Account – where only one trader is the owner Traders should note that Crypto was only introduced in 2020 and traders who already have an existing TradeStation account can apply for a Crypto Account whereas new traders must open both a TradeStation account Crypto and an Equities account to access this option. TradeStation makes adequate provision for accounts according to the financial instruments which can be traded.Įquities Account – provides traders with access to stocks, ETFs, bonds, funds, and options. There are numerous brokers who adequately cater for a variety of traders, their trading needs, objectives, styles, and trading experience. Muslim traders require special conditions, and accounts, which will enable them to trade Forex without swaps, overnight-, or rollover fees, being applied as Muslim traders are prohibited from paying such fees as per the Sharia law which they follow. The structure of accounts differs in the way that spreads, or commissions are applied in addition to the minimum deposit which is required to register a live trading account. It may also depend on the jurisdiction within which the broker operates, the trader’s country of residence, and the regulatory authorities or entities that the broker holds authorisation, regulation, and licenses with. The type of account along with the number of accounts that a trader may open with a broker will be at the discretion of the specific broker. It also avails traders to specific trading conditions that the broker offers. It is mentioned that TradeStation offers leverage, but the website does not offer the exact ratio of leverage provided by the broker.įorex brokers issue accounts to their clients with the primary purpose of trading through the various platforms that the broker offers. Using leverage may pose great risk of losses incurred that may even clear the trader’s account if it is used incorrectly or misused. Leverage is a tool provided by brokers to help traders magnify their potential profit by allowing them to open larger positions despite their trading account balance.Īlthough leverage is a useful tool that may lead to great profits, it may lead to equal amount of loss. Commission-free trading for US Clients only In addition, TradeStation also carries Securities Investor Protection Corporation, or SIPC, insurance.ġ. To ensure a secure trading environment, TradeStation makes use of two-factor authentication, or 2FA, and biometric login on mobile devices. Should TradeStation become unable to meet its financial obligations in the case of bankruptcy, and or any other event, eligible clients can qualify for up to $500,000 (cash up to $250,000) investor protection per account. TradeStation is strictly regulated by the Securities and Exchange Commission, or SEC, and the Financial Industry Regulatory Authority, or FINRA. This is to ensure that the broker is safe and secure, and that the necessary security and safety measures are in place not only to protect the funds of the trader, but to ensure that the trading environment they protect is secure.
Its parent company, Monex Group, Inc., is listed on the Tokyo Stock Exchange, or TSE, and it is one of the largest online financial services providers in Japan.īefore choosing a broker to facilitate the trade in numerous financial instruments, it is imperative for traders to research, investigate, and evaluate the level of safety and regulation that a broker has. It has an exceptional reputation in disclosing its finances and providing transparent fee schedules to its clients. TradeStation offers traders with access to several platforms which allows them to buy or sell foreign currencies.Įstablished in 1982, TradeStation has an impressive track record of superb trading solutions and services provided. Best Discount Forex Brokers ( Reviewed )Ī quick overview of our TradeStation review:Īccording to research in South Africa, TradeStation is a Forex broker which is based in the United States.
0 kommentar(er)
