TradeStation Securities Binary Option Broker
| Foundation Year: | 2001 |
|---|---|
| Regulated By: | NFA (US), FINRA (US), SIPC (US) |
| Website Languages: | Arabic, Czech, English, French, German, Italian |
| Broker Type: | Market Maker |
| Account Currencies: | JPY, GBP, CHF, USD, CAD, EUR, SGD, HKD |
| Minimum Deposit: | $2,000 |
| Majors Spread: | |
| EUR/USD: | 1 |
| GBP/USD: | 1.5 |
| USD/JPY: | 1 |
| Maximum Leverage: | |
| Scalping: | No |
| Hedging: | No |
| Retirement Account: | No |
| Free Demo Account: | Yes |
| Option on Asset Types: | Indices,Stocks |
| Touch Options: | No |
| Traders From USA: | No |
| Islamic Account: | No |
| Commissions: | |
| Forex: | No |
| Futures: | $0.25 – $1.2/Contract |
| Stocks: | >500: $0.01/Share |<500: $0.006/Share |
| Options: | $1/Contract |
| Binary Options: | No |
| Rollover Fee: | Yes |
| Margin Interest: | No |
| Depositing Fees: | No |
| Withdrawal Fees: | Wire: $25-$50 |Check $15 (Over |
| Supported Languages: | English |
| Customer Service By: | Forums, Phone, Email |
| Customer Service Hours: | 24/5 |
| Email Response Time: | More than a week |
| Telephone Orders: | No |
| Personal Account Manager: | Yes |
| Trading Platforms | TradeStation By TradeStation Securities |
| Stop Order: | No |
| Limit Order: | Yes |
| Market Order: | No |
| Trailing Stop Order: | No |
| OCO Orders: | Yes |
| One Click Trading: | No |
| Charting Package: | Yes |
| Trade off Charts: | No |
| Streaming News Feed: | Yes |
| Email Alerts: | No |
| Mobile Alerts: | No |
TradeStation Securities binary option broker which has their office headquarter in Florida. TradeStation Securities is considered to be a broker that has been able to make his traders successful through use of advanced software products and educational services. TradeStation also provides to their clients the opportunity to use their own trading rules or through the use of advanced order-entry tools place the trades manually. The assets that are traded in this way include those that are found in forex, futures, options and equities market. TradeStation offers to its customers the possibility of trading automatically or manually. The company acts as direct access broker allowing trade in market Exchanges of US and Europe.
The trading platform offered by TradeStation to its customers is known as Trade Station and is providd by TradeStation Securities and hence is the proprietary of the company. The trading platform is loaded with many features like Limit Order, OCO Orders, Charting Package and Streaming News Feed. The trading platform is completely web based and does not require any software downloading or installation. The trading website is available in six languages that are Czech, Arabic, English, German, French, and Italian. The company is well regulated and is licensed by NFA, FINRA and SIPC in USA. The company was founded in the year and is one of the pioneers of binary option trading in the market.
The broker type is market maker and can be opened easily by filling up an online form and furnishing the required information. However, the minimum deposit required to open an account with the broker is $2000 which is on the higher side. The account currencies allowed are GBP, JPY, USD, CHF, EUR, CAD, HKD and SGD. They also have a free demo account which the traders can use to get acquainted with the trading platform and to understand the nuances of trading. They however, do not provide retirement account and Islamic account to the traders. They have only two types of option assets that are Indices and Stocks. They have commission on trading futures and is $ 0.25 to $1.2 per contract, for stocks for >500 it is $1.01 per share and <500 it is $0.006 per share. For options trading the commission is $1 per contract but they do not have any commission on binary options trading. They do not have any margin interest and depositing fees. They also have roll over fees. The withdrawal fee on wire transfer is $25 and for check withdrawal it is $15.
The customer support service provided by the company is excellent but is available only in one language that is English. The customer service is provided through forums, email and phone and is available 24 hours a day and for 5 days in a week. They do not take up any telephonic orders and they provide personal account manager to their customers who help them trade successfully and also manage their account better.