Futures – Pricing Disclosures

Pricing Disclosures

1. Commission tiers at TradeStation are determined based on your cumulative monthly trading volume for each asset class (equities, options, and futures). Each asset class is evaluated separately, and your commission tier may differ by asset class. For example, you could be tier 2 for equities but tier 1 for options. At the start of each month, your commission tier is set to the highest level reached during the previous month and is reviewed daily. If your trading activity moves you into a higher tier during the current month, your lower rate will take effect the next trading session. Futures and futures options traded through the FuturesPlus platform, sub-dollar and non-NMS trades, including most OTC trades, as well as third-party, direct-routed, delegated, or externally executed trades are excluded from tier-volume calculations and applicable commission tiers. Additional commissions and fees may apply to FuturesPlus platform trades, sub-dollar and non-NMS trades, including most OTC trades; direct-routed, delegated, or externally executed trades, as well as certain trades depending on asset type, routing method, and account status; direct routing, clearing and international tickets; and market data and premium services. Trades executed through non-TradeStation applications may be subject to custom pricing. For more details on applicable charges, please consult our online Fee Schedule or contact the Client Experience team. TradeStation may modify commissions and fees at any time.
2. Legacy Pricing: TradeStation Securities no longer offers TS GO or TS SELECT pricing to new customers. For those customers where TS GO pricing is applicable, TS GO rates apply only to mobile app and web trading. If you are on this plan and place trades using the TradeStation Desktop platform, an additional $10.00 fee will apply to each equities and options trade you make. For futures trades, a $1.40 surcharge per contract will apply. You can avoid these higher desktop fees by using the TS Select price plan. No overnight fee will apply to futures accounts on the TS GO pricing plans. For those where TS SELECT pricing is applicable, no commission is charged for the first 10,000 shares of an exchange-traded equities order executed at or above $1.00 per share. For exchange-traded equities orders that exceed 10,000 shares, and which are executed at or above $1.00 per share, a commission charge of $0.005 per share, with no maximum, will be charged. For exchange-traded equities orders which are executed below $1.00 per share, and for all OTC equities executions, the commission charge will be $0.005 per share, with a minimum commission charge of $1.00 per executed order and a maximum commission charge of $50.00 per executed order, both of which are subject to a cap of 5% of the notional value of the executed order. The execution of any direct-routed equity order will incur an additional commission charge of $0.005 per share. Index options orders will be subject to a fee of $1.00 per executed contract, and direct-routed option orders, regardless of the underlying security, will be subject to a fee of $1.00 per contract per execution. A $0.0003 per share professional trader execution fee will be assessed to any professionally designated account with quarterly volumes in excess of 50 million shares per month.

   a. Single tier accounts opened on or after August 1, 2017, or previously established futures account holders who elect to switch to the TS Select commission plans, will receive TradeStation, RadarScreen^®, OptionStation Pro^®, Portfolio Maestro^®, foreign exchange (forex) and Reuters Fundamental data and Benzinga news free of charge.

   b. No overnight fee will apply to futures accounts on the single-tier or TS SELECT pricing plans.

   c. Tiered future commission plan is primarily designed for use by active individual, institutional and professional futures traders. An overnight fee of $0.10 will be applied per net open futures contract on a per settlement date basis for futures accounts on the tiered pricing plan.

3. TradeStation Desktop Platform: You must use the TradeStation Desktop platform to receive RadarScreen, OptionStation Pro, Portfolio Maestro, TradeStation Scanner, Easy Language, Strategy Back-testing, and the full Matrix.
4. Information regarding the Futures Exchange Execution and Clearing fees, and the NFA regulatory fee, can be found here.
5. Other Fees and Charges: Service fees, premium service fees and other fees and charges may apply. For additional information, please visit our account fees section and our exchange execution and clearing fees section.
6. Futures trading is not suitable for all investors. To obtain a copy of the futures risk disclosure statement visit www.TradeStation.com/DisclosureFutures.