TradeStation
Active traders needing multi-tier margin pricing and futures/options capability at a traditional discount broker.
Last verified 2026-10-04
Legal entities
TradeStation Securities, Inc. (FINRA BrokerCheck firm id 39473)
Details
| minimum to open | not verified |
|---|---|
| monthly fee | not verified |
| equity trade fee | not verified |
| fractional min | not verified |
| etf fee | 0 USD per tradeCONFIRMED $0 per share for US clients: 'Stocks and ETFs | Commissions (per share) | $0'. Two material qualifiers. (1) REGION: 'U.S. customers can trade ETFs and stocks at $0 per trade' but 'International clients can trade ETFs and U.S. stocks at $5 per trade'. (2) CLEARING FEE: a per-share clearing fee tiers from $0 to $0.003 depending on monthly share volume, and sub-dollar/OTC securities cost $0.005 per share. There is NO broker-assisted waiver; broker-assisted trades are listed at a flat $25. |
| margin apr low | 4.5%Tiered on margin debit balance. IMPORTANT: the existing dataset recorded 4.50% against a tier labeled '$2,000,000+' and 6.50% against '$500,000+'. The live page clarifies that 6.50% applies across the whole $500,000-$1,999,999 band and 4.50% only above $2,000,000: 'Margin balances between $500k-$1,999,999 will default to an effective rate of 6.50% and margin balances greater than $2,000,000 will default to an effective rate of 4.50%.' Rates are base-rate linked and 'subject to change without prior notice'. No published base rate figure. |
| margin apr high | 12%Tiered on margin debit balance. IMPORTANT: the existing dataset recorded 4.50% against a tier labeled '$2,000,000+' and 6.50% against '$500,000+'. The live page clarifies that 6.50% applies across the whole $500,000-$1,999,999 band and 4.50% only above $2,000,000: 'Margin balances between $500k-$1,999,999 will default to an effective rate of 6.50% and margin balances greater than $2,000,000 will default to an effective rate of 4.50%.' Rates are base-rate linked and 'subject to change without prior notice'. No published base rate figure. |
| cash apy gold | not verified |
| cash apy standard | 0.15%FILLS A GAP: the existing dataset recorded cash_apy_pct as null. TradeStation does NOT pay interest on typical retail cash. 'TradeStation Securities will pay interest on free credit balances ("cash balances") over $100,000 in non-IRA securities and futures accounts (the "minimum threshold"). The annual percentage interest rate is 0.15%.' TWO IMPORTANT EXCLUSIONS: the program applies only to non-IRA accounts, and balances under $100,000 earn ZERO. Customers with at least $500,000 may contact customer service to negotiate a custom rate. Interest is calculated prorated for days above the threshold and paid monthly. TradeStation reserves the right to modify or end the program at any time. |
| crypto available | not verified |
| account types | cash, taxable, ira, roth iraAccount types not published. |
| coverage | SIPC member.Coverage terms not transcribed. |
What we could not verify
Listed here rather than filled with a plausible guess. An honest gap is more useful than a confident number that turns out to be wrong.
- Fractional share minimum not published in retrievable text.
Sources
Each URL and the specific claim it supports.
- www.tradestation.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- www.tradestation.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04