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Crypto Trading TradeStation Review USA 2021

Welcome to our TradeStation Review here at BitReviews.com.

Here, you’ll find out all about the excellent crypto trading platform for both desktop and mobile screens as well as $0 commission rates on all stocks and ETFs. There’s also the award-winning trading site and literally thousands and thousands of assets to be traded with TradeStation.

Is that not enough? Then find out how both active traders and long terms investors can gain up to 4% insurance on qualifying crypto assets!

tradestation crypto review
Pros & Cons of TradeStation
  • Powerful crypto trading platform
  • Zero commission rates and low fees
  • Site and trading platform are intuitive
  • Great for beginner and experienced traders
  • Good help center and educational tools
  • Live chat not available 24/7

TradeStation Crypto - Security, Usability, Look & Feel

The first impressions of the TradeStation website are impressive and refreshing, with the withe and blue color scheme offering a modern alternative to the tired trading site displays of old. The pleasing aesthetic is the perfect front for a website that is overall intuitive and easy to navigate for traders of all ages and experience levels. Despite the high amounts of trading volume that the site sees on a daily basis, we didn’t experience any trouble with loading times or bugging. Logging into your account is quick and easy, but still stringent enough to make you feel confident in your fund and data security. Once inside your account, everything is extremely easy to find within just a few clicks.

85/100
Rating
TradeStation Highlights
  • 0% commission fees on trades
  • Intuitive trading platform
  • Great educational tools available
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The TradeStation crypto trading platform is available both on the web and as a downloadable desktop version. In addition, there’s also an excellent app for traders on the move. As you might very well expect, TradeStation delivers to an extremely high standard in all aspects here. Across all three platforms, clients can enjoy plenty of trading tools and research functions as well as a simple and intuitive trading experience overall. Even if you’ve never made a single trade in your life, you shouldn’t find it too much trouble with TradeStation.

TradeStation Crypto Guide – How to Trade

Learn

If you’re already an experienced trader you can, of course, skip this step. However, if you’re new to trading, you can head to their “Learn” tab, which contains plenty of guides and information that are completely free to use for non-account holders

Register

You can now register your TradeStation account via the quick and easy sign-up form. There are few different account types available, with individual and join accounts being the most popular.

Verify

Once you’ve registered your account, you can then submit your documents in order to verify your identity and residency. This shouldn’t take more than 2 business days in most cases however some complications could result in it taking longer.

Download

You don’t have to sit and twiddle your thumbs while you wait for your account to be fully verified – you can use this time to download the desktop trader and study using the many educational materials and articles available.

Deposit

You can then fund your account using one of the three available deposit methods before you start trading. Remember that to enter the TS Select pricing plan you’ll need to deposit $2,000 or more.

Trade!

Once that’s all said and done, you’re finally ready to start trading in any number of available assets using either the web trader, desktop platform or mobile app.

Company
Company-
Headquarter
Year of Founding-
CEO-
Web Sitewww.tradestation.com
Available Languages-
Customer Support
Email-
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Licence
FINRA - U.S. Financial Industry Regulatory Authority
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Payment Methods
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Payments - Funding Your TradeStation Crypto USA Account

You can make deposits into your Tradestation account using one of three available payment methods. Namely, these are Wire Transfer, Check and Smart Transfer. The quickest way to put money into your TradeStation account is via Wire Transfer, which takes just one business day to process. Additionally, there are no maximum deposit limits when using this payment method, making it both the quickest and most flexible option.

Smart Transfers take up to 3 days and have a limit of $50,00. If you’re a fan of older and more traditional payment options, you can mail a check of any amount which will take between 3 and 5 business days to be transferred into your TradeStation account. There are no fees for any of these payment methods and we should remind you that a minimum deposit of $2,000 is needed if you want to enter the superior TS Select pricing plan.

Customer Service - TradeStation Review of Customer Support

You can contact the TradeStation customer service team via either live chat, email or telephone. When it comes to telephone contact there are both direct and toll-free numbers and separate lines for new accounts, the trading desk and institutional support.

The shortcoming here is that the live chat and phone lines are only available between the hours of 08:00 and 17:00 EST Monday – Friday, which is pretty restrictive for West Coast customers. European customers do have a phone line that’s available the same hours GMT, however, they are very restricted in sociable contact hours when it comes to the live chat.

Overall, the standard of customer service with TradeStation is pretty good, but the lack of availability is a real let down. While only being available during Wall Street trading hours is fine for traditional eastern traders, although given that crypto trading can be done 24/7, some updating is needed.

TradeStation Review USA - License & Security

TradeStation is a member of several institutional and regulatory bodies, therefore we can say with confidence that this is a fully legit and licensed brokerage. They are members of the New York Stock Exchange, the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC), and the Chicago Mercantile Exchange (CME).

TradeStation has a strong history of compliance with the rules and regulations of all the institutions of which it is a member. Their parent company Monex Group is a Japanese based financial services company that was founded in 1999, TradeStation itself was founded in 1982.

FINRA - U.S. Financial Industry Regulatory Authority
SIPC - Securities Investor Protection Corporation (USA - not governmental)

TradeStation Crypto Review – Reputation and Customer Feedback

Having been founded in 1982, TradeStation has a long and decent track record of security and trustability both here in the United States and throughout the world. They enjoy a strong reputation with their clients and at industry level, with their trading platform winning multiple awards throughout their years of activity. Given that customer reviews in the trading world are mostly written by disgruntled clients who have lost money, TradeStation enjoys a lot of positivity. Across most expert reviews, TradeStation has received top ratings. The common complaints are usually about the customer services lack of available hours, especially outside of East Coast US time zones.

TradeStation Crypto

Cryptocurrencies - TradeStation Crypto USA

All clients can trade crypto on TradeStation via the dedicated TradeStation cryptocurrency platform, which users of all experience levels should find fairly easy and intuitive to navigate and use. Although they have a platform exclusively for buying, selling and trading crypto, it is linked in with all of the other TradeStation platforms. You can therefore flit seamlessly between trading crypto and other assets, including stocks, EFTs options and futures, which we’ll explain more about below. The USP that TradeStation bitcoin and crypto trading offers is that clients can earn up to 4% interest on all eligible crypto assets. This covers all available cryptocurrencies, and is available to both active traders and long term investors alike.

85/100
Rating
TradeStation Highlights
  • 0% commission fees on trades
  • Intuitive trading platform
  • Great educational tools available
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If you’re already a seasoned crypto trader, you should find that crypto trading with TradeStation offers you a simple, easy to navigate experience without being overly simplistic. However, those of you who are new to crypto will find plenty of tools to get you started, as well as an intuitive and user-friendly trading platform. By submitting a six box sign up form, you can download 8 Key Considerations to Trading Crypto guide. Should you go on to become a fully signed up and verified member, you can use plenty of educational tools to help you every step of the way. All in all, TradeStation has more to offer here than most cryptocurrency brokers.

If you’re interested in checking out some of our other crypto favorites for American traders, check out our SoFi Review and Robinhood Review.

TradeStation Review 2021 - Fees and Pricing

As we already mentioned above, TradeStation offers $0 commission fees on all stocks, options, EFTs and futures. When it comes to your overall fees, TradeStation has two different pricing plans; TS GO and TS Select. TS GO is the most basic pricing plan that still gets you $0 commission fees and low contract fees in some cases, surcharges are applied for using the TradeStation Desktop Trading Platform, which can mount up eventually.

With the TS Select pricing plan, the contract fees are slightly higher in some cases, however, TradeStation Desktop is completely free and gets your tailored trading experience. The more beneficial TS Select pricing plan doesn’t have any upfront fees, but you do require an initial deposit of at least $2,000. Overall, TradeStation fees are low and the pricing is competitive.

Jurisdiction and Limits - Who Can Use the TradeStation Crypto Platform?

As well alluded to above, TradeStation is a US-based company that’s headquartered in Florida, with offices also in New York, Chicago and Richardson in Texas. However, Tradestation doesn’t limit itself solely to US clients.

85/100
Rating
TradeStation Highlights
  • 0% commission fees on trades
  • Intuitive trading platform
  • Great educational tools available
-

In addition to their American headquarters and three other offices, Tradestation also has a major office in London, Sydney and Costa Rica, meaning clients from multiple countries throughout the world can use at least some of their services.

However, as an American company, US clients still have the largest range of capabilities and platform access with TradeStation. Their live chat service is only available during Eastern Time trading hours, making life a bit difficult for traders elsewhere in the world and in the Western United States. There are however none of the 50 states with functional exemptions with TradeStations platforms.

TradeStation Review - Other Trading Options

As well as crypto trading as spoken about above, TradeStation also has TradingPlatforms that all clients and account holders can use to trade in a variety of other assets. Included in these assets are stocks, ETFs, options and futures on the TradeStation Securities platform. There are no commission fees charged on stocks and EFTs, with reasonable rates on options and futures – we’ll explain more about this in the Fees section of our TradeStation Crypto Review below.

When it comes to stocks trading, all clients can enjoy complete and full access to their award-winning trading technology. Added to that, clients have access to over 2,000 commission-free EFTs and competitively priced options and futures. Trades can also build up diverse portfolios with IPOs Mutual Funds and Bonds. Overall, TradeStation has an excellent range of assets on offer, with the only notable omission being forex currency pairs. However if currency trading is of particular interest to you, then take a look at our Forex.com Review right here. Like TD Ameritrade Crypto, TradeStation is an American-based and run brokerage. If your current residents is outside of the United States, check out our eToro Review.

85/100
Rating
TradeStation Highlights
  • 0% commission fees on trades
  • Intuitive trading platform
  • Great educational tools available
-

TradeStation Review 2021 - Our Final Summary

We’ve reached the end of our TradeStation crypto review, and so we’d like to summarize our thoughts on why we would recommend this trading site and platform overall to a variety of traders. Firstly, the $0 commission rates are obviously a massive plus, as are the low fees elsewhere on the site. The two main pricing plans offer a lot of flexibility for both low and high volume traders.

Secondly, both the site and platform are easy and user-intuitive to navigate, whilst still having plenty of tools and functions for more experienced traders of all assets to make use of. Beginners, in addition, are extremely well taken care of thanks to the guides, articles and educational tools that are in place to help get you started. The customer service undoubtedly needs improving, but we’re confident that TradeStation will listen to us and the rest of their clients eventually.

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