Tradestation option pro review
There are no software or data fees as well. This makes TradeStation highly attractive for options traders. Some of the biggest complaints traders had were software and account fees and those have both been axed. The downloadable TradeStation platform has everything a modern-day options trader needs.
Unfortunately, it only works on PCs, but Mac users can run it using a desktop parallels program. Or Mac users might find that the web-based platform is just as capable, along with the mobile version. One of the best features of TradeStation platform is the ease of customization. You can drag and drop windows wherever you want them. Know one thing…the downloadable TradeStation platform is a professional trading platform. OptionStation Pro features an options scanner to filter by option probabilities on different underlyings with varying IV.
They were initially focused on developing trading strategy software, but today they operate as a broker catering for investors and traders of all types. In the 30 plus years since TradeStation has been formed they have built themselves a very strong reputation and are well known for their rich and highly functional platform.
They offer several powerful trading tools which are especially appealing to active and professional traders. There are very few broker services out there today that can offer as much in terms of trading features as TradeStation does. Not only do they cover an extensive list of products but they continue to improve what they offer their customers. In this review of TradeStation, we have assessed everything they have to offer from the perspective of an options trader.
Most traders will find some benefits in using TradeStation, but this broker is particularly well suited to active and experienced traders who can make the most of the powerful technology. The fees are reasonable even for low volume traders, but high volume traders will get the best value.
TradeStation offers two pricing plans for trading options: The flat fee trading plan is variable, and the costs depend on the number of trades made in a calendar month. The best value for your money here is definitely at the higher volume levels, but two separate trading plans along with reasonably competitive charges for low volume traders suggest that TradeStation is trying to appeal to everyone.
It takes some getting used to and there's a fairly steep learning curve, but the potential benefits can make the effort more than worthwhile. You can extensively evaluate almost any equity you choose, with data provided from several leading sources in real time. There are also effective market scanning and pattern recognition tools for monitoring activity and finding trading opportunities. The charting tools have an impressive depth of features and make technical analysis as straightforward as it can be.
They come with over indicators as standard and you can create your own to enhance your analysis capabilities. With so much advanced software available, good customer service is essential. TradeStation doesn't disappoint in this respect, and they are quick to deal with any questions or concerns you may have. They even offer a free customization session to teach how you tailor everything to your own needs.
Opening hours are This isn't particularly uncommon, but a lot of online brokers do now offer around the clock support. The features and tools available here compare to those available at large financial institutions and they can really help you to maximize your profitability.
You will need to put some work into getting the most out of them though. This is probably not the broker for you if your preference is to keep things as simple as possible, because the software really is very advanced.