There is a helpful FAQ that answers some questions that futures customers may have. There are several videos that cover trading tactics, but these are geared mostly to equity traders. The TradeStation website has limited information on futures education. Beginners who need to practice trading futures will benefit from these practice environments, which cost nothing extra. Charting is available along with advanced order types, like fill or kill and stop limit orders.īoth the mobile app and desktop platform have paper trading features. The broker’s mobile app can also be used to trade futures contracts. A contract’s price history can also be shown on a chart, and technical studies and drawings can be added by right-clicking on the chart. Clicking on futures produces appropriate trading fields for contracts.Īdvanced order types are available, including limits, brackets, OCO’s, fades, and breakouts. As already mentioned, TradeStation no longer offers trading in currencies, so the forex option doesn’t work. On the left-hand side of it, four choices are shown: equities, options, futures, and forex. A handy trade bar sits at the top of the screen. TradeStation offers a sophisticated desktop platform where stocks, options, and futures can all be traded together. To open this type of account, you must contact the broker directly.
They have to be traded separately with a discrete login on the Futures+ platform. TradeStation provides options on futures as well.
TRADESTATION FUTURES SOFTWARE
The single-tiered schedule charges a very steep $99.95 monthly fee, although it can be waived by meeting one of the criteria that is mentioned above for avoiding software fees in the multi-tiered account. It can be avoided by placing five or more trades in a 12-month period, or simply maintaining a $2,000 account balance. There is an annual $50 fee for a multi-tiered account. For example, T-Bills in a futures account cost $10, while securities accounts pay $50. There is no day trading rate for this contract.įutures accounts at TradeStation have a different pricing schedule that securities accounts have. London Cocoa Futures has an initial margin of £940, which is also the maintenance margin. The contract has a maintenance margin of $4,200, and a day trading rate of $1,155 (25% of $4,620). The broker requires $4,620 of initial margin to trade the E-mini S&P 500, for example. Margin rates for futures trading varies by contract at TradeStation. Some of these memberships can be in the thousands of dollars per year.
Interest rate futures traded on Eurex Exchange cost €0.20 per side, per contract.Įxchanges usually offer discounts to traders who have memberships. For example, the Chicago Mercantile Exchange charges $2.03 per side for commodities. Other fees will apply, depending on the exchange a contract is traded on. There is a one penny surcharge from the National Futures Association applied to each contract. With either commission format, regulatory and exchange fees are passed onto the trader.
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