TradeStation Global Pros & Cons | Get Information at a Glance

Introduction

TSG, or TradeStation Global is a brand of TradeStation International Ltd that’s founded in 2004, UK. It’s regulated by top-tier financial authorities like the FCA, the Financial Conduct Authority in the UK. TSG also has a variety of trading instruments like forex, CFDs, ETFs, crypto, mutual funds, and more. Its parent company is listed on the NASDAQ stock exchange as well. With over a million users worldwide and free deposits/ withdrawals, TSG becomes one of the best choices for you to trade with.

In this article we’re addressing the main pros and cons of TradeStation Global in each broker aspect.

TradeStation Global

Pros

Cons

Safety

  • Regulated by FCA
  • Listed on NASDAQ
  • Client protection
  • No negative balance protection

Offering of Investments

  • Wide range of trading products
  • Forex and CFD trading
  • Shares, futures, and options trading
  • Mutual funds and crypto trading
  • None

Account Opening

  • Digital opening process
  • Various account types available
  • Complicated and slow opening process
  • High minimum deposit
  • No islamic account option

Fees and Commissions

  • Low spreads and commissions
  • Low non-trading fees
  • No inactivity fee
  • High mutual-fund fees

Deposit & Withdrawal

  • No minimum deposit
  • Various base currencies
  • Free deposits and withdrawals
  • No credit/ debit card or electronic wallet option

Platforms and Languages

  • Has a customized trading platforms
  • Available on IBKR trading platforms
  • Available on Web, Desktop, and Mobile platforms
  • Notification and price alerts
  • Good searching function
  • Various order types
  • Two-step verification method for login
  • None

Research Tools

  • Good charting tool
  • Trading ideas
  • Various analytical tools
  • Limited fundamental data available

Customer Service

  • Phone calls
  • Email support
  • Only 24/7 support
  • No live chat available

Education

  • Demo account
  • Educational videos
  • Trading platform tutorials
  • Events
  • None

FAQs

  1. How long does it take to verify my account?
  • It takes about 1 to 3 business days to verify your TradeStation Global account.
  1. I am a current client of TradeStation – how can I link my TradeStation platform to an Interactive Brokers account?
  • Please click on ‘open account’ and ‘new account’ in order to begin your new account opening process for this TradeStation Global and Interactive Brokers brokerage account. Your new account will be independent from your existing TradeStation (US) brokerage account.
  1. I am a current client of Interactive Brokers but would like access to the TradeStation platform.
  • In order to get access to the TradeStation platform you must click on ‘open an account’ and then click on ‘current IB client’. You must accept our Terms and Conditions and then contact your Interactive Brokers account representative to finalise the process.
  1. Can I run Trader Workstation and Interactive Broker Gateway at the same time?
  • Yes. You can run both applications on the same computer at the same time; however, you cannot be logged into both applications with the same user ID and establish a connection with the TradeStation Global platform. The TradeStation Global platform will only establish one connection with the first active connection that it detects with either the Trader Workstation or the Interactive Brokers Gateway. *Note: If you are signed up for the TradeStation-Interactive Brokers BETA program you should only be using the TWS Gateway.
  1. Does TradeStation Global allow bot trading?
  • Yes, it does allow bot trading through API trading tools.
  1. Does TradeStation Global give a bonus?
  • It does offer a £50 Amazon Gift Card if you refer a friend to open an account on TSG for you and your friend.
  1. Does TradeStation Global allow scalping and hedging?
  • Yes, it does.
  1. Where is my money held?
  • With Interactive Brokers UK (IBUK).
  1. Does TGS offer a swap-free option in my account?
  • No, it does not.
  1. When trading forex, will you lose more than your initial deposit?
  • Yes, as TradeStation Global has no negative balance protection.
  1. Does TradeStation Global accept payments from third parties?
  • Payments should be from accounts that have the same name as yours.

If you want more information, please check out TradeStation Global Full Review.

 



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