ETrade – reviews and review of the global financial trading platform

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E-Trade Review

Dan Schmidt
Contributor, Benzinga

1 Minute Review

E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.

Best For

  • Active traders
  • Derivatives traders
  • Retirement savers
  • Sophisticated trading platforms
  • Wide range of tradable assets
  • Exceptional customer service
  • Limited currency trading
  • Higher margin rates than competitors
  • No paper trading on its standard platform

Why E*TRADE Brokerage Over Others?

E*TRADE’s come a long way since the days of its funny talking baby commercials. E*TRADE is now a powerhouse — it offers an abundance of account types, tradable asset classes and tools that can empower you to trade or invest.

  1. Best mobile trading: E*TRADE offers 2 different mobile apps, each available for iOS and Android. The standard E*TRADE app is a terrific starter, with accessible features and a short learning curve. Both day traders and buy-and-hold investors can make use of the standard E*TRADE Web app. You may want to leverage the Power E*TRADE app if you’re an advanced trader, which brings advanced charting tools and sophisticated analysis right to your smartphone screen.
  2. Exceptional customer service: E*TRADE offers 24/7 customer support that’s easily reached from a number of different avenues — whether you prefer chat, email or phone, E*TRADE has your back when you need help.
  3. Platform tutorials: Few brokers offer E*TRADE’s robust tools for educating clients about using its platforms. Each platform (E*TRADE Web and Power E*TRADE) offers tutorial videos about how to make different types of trades, use various screeners and manipulate stock charts. These tutorials will have you up and running on the platform quickly. Even veteran traders might learn more through the video section.

E*TRADE Quick Summary

E*TRADE was founded in 1982 as a pioneer in the online trading space. Online trading was a novelty in the discount brokerage space until the dot-com boom. Once the dust settled, E*TRADE was one of the online brokerages still standing. It’s since evolved into a one-stop-shop for your finances with banking services, managed investments and retirement planning advice.

Asset Classes Stocks, ETFs, mutual funds, bonds, options, futures, FDIC-insured savings
Platform Standard E*TRADE Web platformPower E*TRADE for advanced traders
Mobile App One of the top mobile platforms in the industry, retains all functionality from the desktop version.
Account Minimum $0 for standard accounts$500 for Core Portfolios$25,000 for Blend Portfolios$150,000 for Dedicated Portfolios
Available Account Types TaxableCustodialIRA (traditional, Roth, rollover, IRAs for minors, SEP, SIMPLE)401(k) (traditional, individual, Roth) CoverdellManaged portfoliosBanking services (savings, checking, line of credit)

E*TRADE Fees, Commissions, Margin Rates and Account Minimums (5 stars)

E*TRADE has joined the zero-commission revolution and charges no fee to trade stocks, ETFs and most mutual funds. Options contracts are an industry-standard $0.65, but that price drops to $0.50 if you make more than 30 trades per quarter. Futures contracts are $1.50 per side, which is cheaper than E*TRADE’s biggest competitor, TD Ameritrade. Margin rates are also cheaper at E*TRADE than TD Ameritrade, but still fairly expensive compared to Vanguard.

Stocks Free
ETFs Free
Mutual Funds Free, unless a $19.99 transaction fee is noted
Options $0.65 per contract $0.50 per contract if you make more than 30 trades per quarter
Futures $1.50 per side
Bonds $1 per bond
Margin Rates Start at 9.75% for less than $10,000

E*TRADE Usability (5 stars)

E*TRADE leverages multiple platforms, 2 different mobile apps and a variety of account types and financial services to provide an inclusive brokerage experience. Most brokers aim their platform toward a specific type of investor, but E*TRADE offers a little something for everyone. Does this overburden the trading system? Not at all.

E*TRADE wisely splits services into E*TRADE Web and Power E*TRADE platforms, which gives advanced traders the tools they need without overwhelming those who just want to fund their retirement accounts.

  • User-friendly interface: If you’ve ever used Yahoo Finance, you’ll notice some similarities in the stock quote pages on both platforms. You can view account balances, screen for securities, and access fundamental and technical data with just a few clicks (or taps if you’re on mobile). E*TRADE Web has all the basic aspects most investors will need, but Power E*TRADE opens up the advanced charting features, backtesters, and trade analyzing tools to more seasoned traders.
  • Simple sign-up and trade execution: The onboarding process is a simple application and you can fund your account via ACH. Buying and selling securities doesn’t require a scavenger hunt, either. Just type in your stock ticker and click on either the bid or ask price. Choose your order type and hit send. You just made a trade. E*TRADE prides itself on lightning-fast order execution to ensure clients get the best possible prices on their trades.
  • Powerful analysis tools: Power E*TRADE is aptly named. It’s the platform of choice for sophisticated traders, thanks to a bounty of charting tools, screeners and studies. Power E*TRADE offers over 100 technical indicators and 30 different chart-drawing tools for studying securities, plus an analyzer to help you weigh the risk and reward of each trade. Don’t know technical analysis? It’s explained in plain English right on the chart — even the Greek letters in options trading.

E*TRADE Education (4.5 stars)

E*TRADE offers 3 main avenues for providing clients with research and education to improve not only their trading acumen, but to better understand investing and markets. E*TRADE will walk you through the process of trading on their platform in a way no other broker does.

  • Video tutorials: E*TRADE’s video tutorials aren’t overwhelmed with technical trading jargon or economic minutiae. The narrator breaks down how to trade stocks, options, use screeners and adapt your trading style to the mobile app. You’ll find 13 tutorial videos for the E*TRADE Web platform and 12 for the Power E*TRADE platform.
  • Market research: E*TRADE offers market research available from both fundamental and technical perspectives. Detailed fundamental stock reports give you data like P/E ratio, dividend yield, annual revenues and EPS stats. On the flip side, MarketEdge provides more advanced technical data like Beta, MACD and RSI numbers. You’ll also find the tried-and-true Morningstar reports, which group important data points together.
  • Investor education: E*TRADE is far from intimidating when you’re a new investor. Not only is the platform easy to learn and use, but the new investor education materials can quickly bring you up to speed on how the market works. The investor library breaks down topics by asset class (stocks, options, ETFs), taxes, retirement planning and current events. E*TRADE begins with the basics like buying versus selling and saving versus investing.

E*TRADE Customer Support (5 stars)

E*TRADE offers our favorite customer support feature — 24/7 live chat! Volume delays are common, especially on days when the market whipsaws. Phone support is available for brokerage and banking customers, with separate lines for businesses and employers with sponsored plans.

Email Form on client homepage
Phone 800-387-2331
Chat Chat widget linked at the bottom of each webpage
In-person Support Over 30 branches nationally

E*TRADE Offerings (4.5 stars)

E*TRADE offers all the asset classes you’d expect from a major broker: equities, options, forex, futures and bonds. You’ll find a variety of ETFs and mutual funds but fewer options for trading futures and forex. For example, only 9 currencies are available to trade on E*TRADE and they aren’t available a full 12 months per year. E*TRADE is an exceptional platform for trading stocks, ETFs, mutual funds, and options, but you might find more diverse offerings with other brokers.

E*TRADE Stocks, ETFs and Mutual Funds

Stocks, ETFs, and (most) mutual funds are free to trade on E*TRADE, but that doesn’t stand out much anymore. Mutual fund and ETF screeners are also free, even if you don’t have an E*TRADE account. Search through over 2,300 ETFs and 9,000 mutual funds, sorted by asset allocation, leverage, expense ratio, Morningstar rating and more. Use the advanced search feature to look for securities based on risk profiles and technical indicators.

E*TRADE Forex

E*TRADE’s forex trading doesn’t really have much to offer. Only 9 currencies are listed (10 if you count bitcoin, but special permission is needed) trading is done on the futures market, not the spot market. You won’t trade actual currencies, only futures contracts. E*TRADE forex futures can only be traded a few months a year, too, depending on the currency.

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E*TRADE Options

Options trading on the Power E*TRADE platform is one of the broker’s best features. Options contracts are available for stocks, indices and futures (if you don’t mind paying extra). Equity options cost $0.65 per contract, but that can be reduced to $0.50 if you make more than 30 trades per quarter.

Options on futures cost $1.50 per contract. E*TRADE offers 4 options trading levels, including a strict Level 1 that only allows covered calls and buy-writes. Long calls and puts require Level 2 approval. You’ll be able make any type of trade, including naked calls and puts, if Level 4 status is granted.

E*TRADE Futures

E*TRADE offers futures trading in 8 different markets: equity indices, energy, interest rates, currencies (including Bitcoin), metals, grains, softs and livestock. Futures are $1.50 per contract and trading is available 24/6. Only a few basic currency futures are available, and the bitcoin futures carry a $2.50 contract fee.

E*TRADE Mobile App (5 stars)

E*TRADE’s standard E*TRADE mobile app and Power E*TRADE are free to clients on both iOS and Android, but they serve different purposes. E*TRADE Web mobile is aimed at the buy-and-hold, “set-and-forget-it” type of investor, while Power E*TRADE mobile seeks out the day trading and derivatives crowds.

E*TRADE Mobile

E*TRADE’s first mobile app is reliable and uncluttered, with a simple design and sleek interface. Major index quotes and market news greet clients as they open the app. New users won’t have any trouble finding their account balances and holdings or navigating their way to the trading widget. Trades are executed as easily as the web platform and still come with E*TRADE’s speed guarantee. Charting and analysis tools are present on this app, but not nearly at the levels found on Power E*TRADE.

Power E*TRADE Mobile

Derivatives traders will appreciate Power E*TRADE’s ability to compress all the bells and whistles of the desktop platform into a smartphone version without losing functionality. All chart patterns and analysis tools convert from the desktop to the smartphone screen without any hiccups. The LiveAction tool can scan for volatility and market moves without needing to enter tons of criteria into a stock screener. Power E*TRADE also allows for complex trading techniques, such as multi-leg options chains, writing puts and calls and even the purchase of bitcoin futures.

All education and research materials can be access through both apps, along with customer service features and important documents.

Final Thoughts (5 stars)

E*TRADE upgraded its reputation from the quirky startup with the baby commercials to a powerhouse broker with tools and technology. The Power E*TRADE platform can go toe-to-toe with Thinkorswim and it’s options and futures fees are lower than many competitors.

E*TRADE’s technology doesn’t overwhelm new traders. No matter which platform you prefer, trading on the go is possible with a paired E*TRADE smartphone app and customer service chat help. E*TRADE’s all grown up and deserves a seat at the big boys’ table.

E*TRADE Review

Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

Top Takeaways for 2020

After spending five months testing 15 of the best online brokers for our 10th Annual Review, here are our top findings on E*TRADE:

  • In our testing, we found that E*TRADE shined most in two areas, mobile trading and options trading, finishing No. 1 overall in both categories.
  • E*TRADE also finished Best in Class (top 5) for Research, Education, Active Trading, Futures Trading, and IRA accounts.
  • Thanks to the sleek designs and overall usability of E*TRADE’s Mobile apps and the Power E*TRADE platform, which is our favorite web-based platform for 2020, E*TRADE is also a winner for beginners.

Overall Summary

Feature E*TRADE
Overall 4.5 Stars
Commissions & Fees 4.5 Stars
Offering of Investments 4.5 Stars
Platforms & Tools 4.5 Stars
Research 4.5 Stars
Education 4 Stars
Mobile Trading 5 Stars
Customer Service 4.5 Stars
Ease of Use 4.5 Stars

Commissions & Fees

Thanks to a pricing war in the beginning of October 2020, regular stock and ETF trades are now $0 (previously $6.95) and options trades run $0 + $.65 per contract (previously $6.95 + $0.75 per contract).

However, despite $0 trades, when trading during pre- and post-market hours, an ECN fee of $.005 per share is added to the regular commission rate. There is also still a $6.95 charge for trading penny stocks. As a result, we do not recommend E*TRADE for these two styles of trading.

E*TRADE pricing summary:

Feature E*TRADE
Minimum Deposit $0.00
Stock Trade Fee (per trade) $0.00
ETF Trade Fee $0.00
Options Base Fee $0.00
Options Per Contract Fee $0.65
Mutual Fund Trade Fee $19.99
Broker Assisted Trades Fee $25.00
Commission-Free ETFs all

Platforms & Tools

Built as a web-based platform, Power E*TRADE innovates and delivers speed, ease of use, and the tools needed for traders to succeed. Once again, in our 2020 Review, Power E*TRADE won our award, “Best Web-Based Platform.” E*TRADE also took our top spot for options trading.

Charting: Power E*TRADE’s charting engine is powered by Chart IQ, an excellent third-party provider of HTML 5 charts. Highlights include extremely smooth panning and zooming, integrated Recognia technical analysis, 119 optional technical indicators, and 32 drawing tools. To uncover flaws, we had to get picky. For example, running multiple charts at the same time can be a bit cumbersome, versus say the preset grid functionality offered by TD Ameritrade’s thinkorswim platform.

Options trading: For casual and active options traders, Power E*TRADE offers the perfect blend of usability, excellent tools (screening via StrategySeek, scanning via LiveAction), and seamless position management (custom grouping, real-time streaming greeks, risk analysis, and more). And, for newer investors, there isn’t a better platform than Power E*TRADE on which to learn how to trade options. For example, using the Snapshot Analysis tool, not only is Risk/Reward translated with smiley faces, but key events to watch out for are also listed alongside a P&L chart. It’s a work of art.

Futures Trading: Like options trading, Power E*TRADE also provides a great experience for trading futures. Multiple futures ladders can be run at once, orders can be fired off with ease thanks to the Quick Trade widget, and like options, managing positions is a breeze.

Research

While E*TRADE’s research experience is thorough and provides investors with nearly everything they need to succeed, some aspects that left us wanting more.

Good stuff: For investors who value analysts’ recommendations, E*TRADE offers consensus ratings from multiple third-parties, including breakdowns from individual analysts via TipRanks. Also, charting on the website includes the Trefis price estimate right on the chart, with a quick link to view Trefis’s full analysis.

Bad stuff: When it comes to usability and modern design, E*TRADE’s screening and quote experiences do not stack up to the hand-crafted designs of Fidelity and Charles Schwab. Also, while E*TRADE provides in-house market commentary and analysis (articles), it trails its closest competitors in quality, depth, and quantity. Finally, live broadcasting is absent, which is an area both TD Ameritrade and Charles Schwab excel.

Customer Service

To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks.

Results

  • Average Connection Time: 1 – 2 minutes
  • Average Net Promoter Score: 8.9 / 10
  • Average Professionalism Score: 8.4 / 10
  • Overall Score: 8.62 / 10
  • Ranking: 6 th (14 brokers)

Mobile Trading

In our 2020 Review, E*TRADE once again placed first because its apps, E*TRADE Mobile and Power E*TRADE Mobile, are easy to use and feature-rich. My recommendation: use E*TRADE mobile for stock trading and Power E*TRADE Mobile for options trading.

Mobile features: Both apps are supported in iOS and Android, while E*TRADE Mobile also supports the Apple Watch. Furthermore, E*TRADE Mobile has a handful of features few other brokers offer. Unique features include streaming live Bloomberg TV, customized stock screening, third-party research ratings, and a customizable dashboard, among others. In our testing, the modern designs of both apps, which are built for speed, shine.

Mobile charting: Charting is a clean experience on Power E*TRADE, thanks to the fact that ChartIQ, the same engine that runs the charting experience on web-based Power E*TRADE, is used. That said, depth varies by app. While Power E*TRADE Mobile provides 40 indicators, E*TRADE Mobile offers ten. Indicator differences aside, panning, zooming, and conducting high-level analysis are all extremely user-friendly.

Offering of Investments

E*TRADE provides everything an investor would come to expect from a full-service brokerage. All investment vehicles offered, from stocks and options to bonds, banking products, and financial-planning services.

The only notable offerings E*TRADE lacks include international trading and forex trading, both of which are uncommon among US-based brokerages.

Education

Relying mostly on third-party content providers, E*TRADE provides a thorough selection of educational content. All investing topics are covered, from stock trading to retirement, and at least 12 free webinars offered each month.

However, overall, E*TRADE’s learning experience left us disappointed and wanting more for beginner investors. As part of E*TRADE’s website overhaul, all educational content is now organized by topic in a “Library.” Once you select a topic, there are no preset flows or progress tracking. Yes, there is a lot of content, but if you easily can’t find what you’re looking for and it isn’t engaging, then it won’t get used.

Banking

Besides trading, E*TRADE also offers essential banking services with 30 branch office locations across the US. Banking services include checking accounts with no ATM fees, high-yield savings accounts, and debit cards. E*TRADE Bank is a registered member of the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits up to $250,000.

Compared to leaders Bank of America Merrill Edge and Chase You Invest Trade, E*TRADE doesn’t come close to competing. That said, FDIC-insured banking is rare in the online brokerage industry.

Final Thoughts

E*TRADE is an industry leader in its mobile and options trading (thanks to Power E*TRADE) offerings and continues to innovate each year. Overall, E*TRADE provides a well-rounded offering.

Regardless of your investing style, E*TRADE is a reliable, full-service broker that gives its competitors a run for their money.

About E*TRADE

Headquartered in New York City, E*TRADE was founded in 1982 and, like its closest competitors, was also one of the first online brokerages in the United States (1). E*TRADE acquired online broker OptionsHouse in September 2020 for $725 million, paving the way for what is now branded as the Power E*TRADE platform (2). As of December 31st, 2020, E*TRADE had 4.9 million brokerage accounts and processed over 280,000 online trades per trading day (3).

2020 Review Methodology

For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

TradeStation Global Review 2020

Summary

Recommended for traders and investors looking for low fees and a wide selection of products

TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, while introducing broker of Interactive Brokers (IB).

Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB’s markets almost at IB’s fees. You can trade on both IB’s and TradeStation’s desktop platform. The customer service is by TradeStation.

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on NASDAQ, TradeStation itself is not: only TradeStation’s parent company Monex is listed on the Tokyo Stock Exchange.

We selected TradeStation Global as Best broker for buy and hold for 2020, based on an in-depth analysis of 57 online brokers that included testing their live accounts. Check out the complete list of winners.

TradeStation Global pros and cons

TradeStation Global has low trading fees. You will get access to a wide range of products and exchanges. In addition, the customer support is fast and relevant.

TradeStation Global’s deposit and withdrawal processes could be improved. It is poorly designed and you can only use bank transfers. To fully open an account, you have to deposit a minimum of $1000. The available education material is limited.

Pros Cons
• Low trading fees • Not user-friendly deposit and withdrawal
• Wide range of products • Complicated account opening
• Fast and relevant customer service • Limited education materials
TradeStation Global main features and highlights
��️ Country of regulation UK
�� Trading fees class Low
�� Inactivity fee charged No
�� Withdrawal fee amount $0
�� Minimum deposit $1,000
�� Time to open an account 1 day
�� Deposit with credit card Not available
�� Depositing with electronic wallet Not available
�� Number of base currencies supported 20
�� Demo account provided Yes
��️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products, Indices, Metals

Gergely Korpos

Author of this review

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

TradeStation Global review
Fees

TradeStation Global has low trading fees, especially for stock and ETF. It’s also great that there is no inactivity fee and the first withdrawal in each month is free of charge. On the other hand, mutual fund fees are high.

Pros Cons
• Low trading fees • High fund fees
• Low non-trading fees
• Low stock and ETF fees
TradeStation Global fees snapshot
Assets Fee level Fee terms
US stock Low $0.007 per share, min $1.5
EURUSD Average 0.6 bps*trade value; min $2 per trade
Mutual fund High $25 per trade
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked TradeStation Global’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of TradeStation Global for each asset class. For example, in the case of stock investing, commissions are the most important fees.

We also compared TradeStation Global’s fees with those of two similar brokers we selected, Degiro and Saxo Bank. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of TradeStation Global alternatives.

To have a clear overview of TradeStation Global, let’s start with the trading fees.

TradeStation Global trading fees

TradeStation Global has low stock, ETF, futures, and CFD fees. The forex and options fees are average, while trading with mutual funds is expensive.

Stock fees and ETF fees

TradeStation Global has generally low stock and ETF commissions. Only Degiro can compete with them.

TradeStation Global stock and ETF commission of a $2,000 trade

TradeStation Global Degiro Saxo Bank
US stock $1.5 $0.6 $10.0
UK stock $2.4 $2.4 $9.6
German stock $2.4 $5.4 $11.0

TradeStation Global’s fee conditions are mostly a percentage of the traded volume. For US and Canadian stocks the commission is based on the traded number of shares.

TradeStation Global stock fees

Belgium, France, Germany, Italy, Netherlands

Market Commission Min
North America
$0.007 / share $1.5
CAD 0.012 / share CAD 1.5
Europe
UK 0.12% of the trade value £1.5
0.12% of the trade value €1.8
Switzerland 0.12% of the trade value CHF 2.25
Austria 0.12% of the trade value €6
0.075% of the trade value NOK/SEK 15
0.12% of the trade value €1.8
Asia-Pacific
0.12% of the trade value AUD 7.5
0.12% of the trade value HKD 20
0.75% of the trade value JPY 120
0.12% of the trade value SGD 3.75
India 0.12% of the trade value No minimum

If you prefer stock trading on a margin or short sale, you should check TradeStation Global’s financing rates.

What is the financing rate? A financing rate, or margin rate, is charged when you trade on margin or short a stock. This basically means that you borrow money or stocks from your broker to trade. For this borrowed money/stock you have to pay interest. This is the financing rate. It can be a significant proportion of your trading costs.

TradeStation Global’s financing rates are low. The financing rates vary based on the base currency of your margin account.

TradeStation Global annual financing rates for stocks, futures and options

TradeStation Global Degiro Saxo Bank
USD margin rate 2.6% 3.1%
GBP margin rate 2.0% 1.9%
EUR margin rate 1.5% 0.8%

The financing rates above are also applied for the options and futures trading.

Forex fees

TradeStation Global’s forex fees are average. It charges higher fees than Saxo Bank for most currency pairs, except AUDUSD.

To have a clear picture on forex fees we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

TradeStation Global forex benchmark fee of a $20,000 30:1 long position held for one week

TradeStation Global Degiro Saxo Bank
EURUSD benchmark fee $17.9 $15.5
GBPUSD benchmark fee $13.6 $12.8
AUDUSD benchmark fee $12.0 $13.7
EURCHF benchmark fee $7.1 $4.6
EURGBP benchmark fee $13.0 $10.2

The forex fees are calculated through commissions, which is 0.006% of the trade volume with a minimum of $2.

Fund fees

TradeStation Global’s fund fees are high. We calculated the fees for US mutual funds.

TradeStation Global commission for a $2,000 fund purchase

TradeStation Global Degiro Saxo Bank
Mutual fund $25.0 $10.3 $0.0

US funds have a $25 transaction fee per trade, while the commission for European mutual funds is 0.12% of the trade volume with a $2 minimum.

Bond fees

TradeStation Global has generally low bond fees.

TradeStation Global commission of a $10,000 government bond trade

TradeStation Global Degiro Saxo Bank
US Treasury bond $7.5 $88.0
EU government bond $15.0 $10.5 $88.0

The bond commissions are volume-tiered with a minimum fee.

TradeStation Global bond commission

Commission Min
US corporate 0.15% of trade value $1.5
US Treasury 0.03% of trade value $7.5
US Municipal 0.15% of trade value No minimum
EU bonds 0.15% of trade value €3

Options fees

TradeStation Global’s options fees are average.

TradeStation Global stock index options commission of 10 contracts

TradeStation Global Degiro Saxo Bank
US stock index options $15.0 $5.0 $40.0
UK stock index options $18.0 $36.0
German stock index options $16.5 $9.9 $44.0

The options fees are volume-based, i.e. the number of contracts.

TradeStation Global options fees for equity options

CHF 1.5 / contract

Market Commission Min
North America – all options
US Smart routed USD 1.50 / contract No minimum
US Direct routed USD 2.00 / contract No minimum
Canada CAD 1.90 / contact No minimum
Mexico (AMXL) MXN 50 / contract No minimum
European stock options
EUR denominated EUR 1.5 / contract SEK 15
GBP denominated GBP 1.5 / contract SEK 15
CHF denominated SEK 15
SEK denominated SEK 0.525% of trade value + external fees SEK 15
Asia-Pacific – index options
Australia AUD 3.0 / contract No minimum
Hong Kong HKD 45 / contract No minimum
India INR 22.5 per board lot No minimum
Japan (stock options) JPY 135 / contract No minimum
Singapore (NIFTY) USD 4.25 / contract No minimum
South Korea 0.3% of the option value KRW 1,500

Futures fees

TradeStation Global’s futures fees are low.

TradeStation Global stock index futures commission of 10 contracts

TradeStation Global Degiro Saxo Bank
US stock index futures $17.5 $5.0 $40.0
UK stock index futures $11.4 $27.5 $36.0
German stock index futures $14.9 $8.3 $44.0

Similarly to options, you pay commissions based on the number of contracts you trade.

TradeStation Global futures fees

Futures Commission
North America
US USD 1.75 / contract
Canada CAD 1.35 / contract
Europe
USD denominated USD 1.55 / contract
EUR denominated EUR 1.35 / contract
GBP denominated GBP 0.95 / contract
CHF denominated CHF 2.10 / contract
SEK denominated SEK 15 / contract
Asia-Pacific
Australia (SPI Minis) AUD 1.10 / contract
India INR 0.018 % of trade volume*
Japan (all other) JPY 345 / contract**
USD denominated USD 1.55 / contract
EUR denominated EUR 1.35 / contract
HKD denominated HKD 12.75 / contract
SGD denominated SGD 3.35 / contract
CNH denominated CNH 8.25 / contract

*Extra fees, like securities transaction tax, exchange charges, and service tax may be charged

**Japanese futures fees differ from each stock index. In the table, we have written the price of every futures contract except a few main ones like for example NKVI, JGB, MJ, TOPX, MNTPX, or N225.

CFD fees

TradeStation Global has low CFD trading fees in general.

To have a clear understanding of CFD fees we calculated a CFD benchmark fee for the selected products. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

TradeStation Global CFD benchmark fees, for a $2,000 long position held for one week

TradeStation Global Degiro Saxo Bank
S&P 500 index CFD fee $4.6 $2.2
Europe 50 index CFD fee $4.0 $2.1
Apple CFD fee $4.5 $22.2
Vodafone CFD fee $11.8 $21.3

TradeStation Global’s stock and stock index CFD fee calculations are commission-based and have a set minimum.

TradeStation Global stock CFD fees

CFDs Commission Min
US share CFDs $0.007 per share $1.5
European share CFDs 0.075% €4.5
UK share CFDs 0.075% £4.5
Australian share CFDs 0.075% AUD 7
Hong Kong Share CFDs 0.075% HKD 18
Japanese Share CFDs 0.045% JPY 150
US 500 index CFD 0.0075% $1.5
UK 100 index CFD 0.0075% GBP 1.5
Japan 225 index CFD 0.015% JPY 60
Forex CFD 0.6 basis points * trade value $3

Non-trading fees

TradeStation Global has low non-trading fees. There is no account, inactivity or deposit fee. The withdrawal fee is also free of charge for the first withdrawal per month. The subsequent withdrawals have a fee.

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