TradingApps: Install apps with additional research tools.OptionStation Pro: Use visual option chains to calculate probabilities.Backtesting: Backtest stocks and futures using historical data.Programmable indicators: Customize indicators and trading strategies.RadarScreen: Rank and monitor up to 1,000 symbols.One-click order entry: Quickly enter advanced orders with a single click.This platform provides the greatest number of research features and is the best option for the most active traders. However, you will need to use the web or mobile editions if you have a Mac computer unless you install a parallel Windows operating system first. The desktop platform is free to download on Windows computers. Most of the TradeStation features focus on providing interactive charts, options chains and advanced order types that complex trading strategies require. Since TradeStation doesn’t offer those features, beginning and long-term investors are not the best fit for TradeStation and should consider another online brokerage. The ability to purchase fractional shares of stocks or ETFs.TradeStation might not be for you if you want: The platform is also excellent for short-term traders who use stock charts and technical data to research investments.Ĭonsider this platform if you pursue these trading strategies:Īdditionally, instead of using a stock screener, you may be able to apply similar studies and indicators with the platform’s free charting tools. There is even a trading simulator to test new strategies.

Since most investing apps no longer charge trading fees, the right brokerage for you could be the one with the most investment options and in-depth research tools.Īctive traders will benefit the most from TradeStation’s research tools and investment options. Taxable and retirement accounts are available. However, you must maintain a minimum $2,000 balance to waive the trading commissions when using the desktop platform. New and experienced traders can join the platform and enjoy free stock and ETF trades. The TradeStation investment options include: This brokerage can make it easy for short-term traders to research price charts and perform short-term trades. Active investors can manage their portfolio and research investments using the web, mobile and desktop trading platform. TradeStation is one of the oldest online stock brokerages.

Tradestation simulator