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Call TradeStation 800.808.9336
There are two ways you can open an account with TradeStation.
The following documents are required. Please be sure to include all the documents applicable to your firm for all entities that are a part of your firm. For example, a Limited Partnership that has a Limited Liability Company as the general partner must provide all applicable documents for both the Limited Partnership and Limited Liability Company.
Account type where each account owner has an equal and undivided interest in the cash and securities in the account. Upon the death or declaration of incompetency of any account owners, account ownership passes to the survivor(s).
Account type where each owner has a percentage interest in the account. Upon the death or declaration of incompetency of any of the account owners, the deceased owner's percentage interest is retained by that owner's estate and is not passed to the surviving tenant(s).
No. However, IRS Publication 590 provides guidance as to how a Trust may be named as a beneficiary if certain requirements are met. Please visit www.irs.gov for more information. If you wish to name a Trust as your beneficiary, TradeStation requires a legal opinion indicating that your Trust meets the requirements outlined in IRS Publication 590.
The following items are required:
Note: All applicants using a paper application, if qualified, will automatically be given margin usage permissions. If you decide that you do not want a margin account, please contact an Account Executive at 800.808.9336.
Note: The Base Account Services fee does not include access to real-time data. For information pertaining to real-time data, please click here.
You are deemed a "Non-Professional" Data Subscriber if you meet all of the following requirements:
You are deemed a "Professional" Data Subscriber if you meet any of the following requirements:
Please visit http://www.tradestation.com/products/stocks-and-etfs/funding-instructions for funding instructions
We provide a variety of ways for you to contact TradeStation Securities. Visit the Contact Us page of our website to find contact information for the department that relates to your specific question or concern.
How much will I be charged for monthly access?
For equities accounts, you are charged $99.95 each month for the Account Services Fee, plus fees for any real-time exchanges to which you are subscribed. The Account Services Fee will be waived if you meet the minimum trading criteria in the prior month. The base Account Services Fee does NOT include access to real-time data. When adding exchanges to your account, you will be billed immediately for the entire month, per the exchanges’ billing agreement. If you do not want to be billed the full exchange fee for part of a month, you will need to add your exchanges on the first day of the month. Exchange fees are not pro-ratedand are non-refundable.
For clients with forex accounts only, there are no fees.
Information about your account can be found online in the TradeStation Client Center.
Your online account information is updated in real time.
Yes. Log into the TradeStation Client Center, simply choose "Change My Information" from the menu to the left. To add or change your account features, simply choose "Change Platform Features" from the menu to the left.
To make changes to your personal information, please call TradeStation Client Services at 800.822.0512 or 954.652.7900 or use our Live Chat service.
Yes. Please contact TradeStation Client Services to request this service.
Can the equity account commission structure be changed from flat fee to per share or vice versa?
Yes. TradeStation will allow you to change the commission structure on your equity account once, as a courtesy.
Please refer to the brokerage commission page on the TradeStation website.
Your access to the TradeStation platform must be placed on hold by the end of the previous month in order to prevent further billing.
Yes. The Client Services Department can provide you with a login that will allow access to the TradeStation website.
To close your account, please contact TradeStation Client Services via phone, chat, email or mail.
Equities Account-Specific Information
TradeStation Securities offers two types of accounts: margin and cash.
Based on FINRA day trading rules, any properly qualified margin account that places four or more day trades within five business days is deemed to be a pattern day trading account.
Pattern day trading accounts must maintain an Account Net Worth (both Beginning Day and Real-time) of at least $25,000 USD. If the Account Net Worth falls below $25,000, trading is restricted to closing transactions only until the account equity is increased above $25,000.
On a one-time basis, you may elect to either:
If my pattern day trading Account Net Worth falls below $25,000, why can’t I just reclassify the account as either a non-pattern day trading or cash account rather than opening a new account?
Once a pattern day trading account is classified as such, we do not permit you to reclassify it as another account type. Any opening transaction in a pattern day trade account could (upon its liquidation) be deemed a "day trade." If we allowed this to happen after the Account Net Worth falls below $25,000, your account would be subject to regulatory restrictions for up to 90 days. You must therefore either re-fund your pattern day trading Account Net Worth above $25,000 to resume trading or open one of the "non-pattern day trading accounts" referenced above.
What if my non-pattern day trading account appreciates above $25,000 in Account Net Worth?
If your non-pattern day trading Account Net Worth appreciates above $25,000, the non-pattern day trading account limitations will still apply.
If you wish to trade without those limitations, you may transfer your equity back to the original pattern day trading account. TradeStation discourages and may elect to restrict excessive transfers between pattern day trading accounts and non-pattern day trading accounts.
TradeStation Securities provides integrated, direct-access order execution using our intelligent order-routing algorithm. Clients also have the ability to route orders to various market centers to which TradeStation directly connects. Orders can be placed from the Order Bar, Matrix and Market Depth Windows, or using Macros, Hot Keys and automated strategies on the TradeStation platform.
TradeStation Securities has fully staffed trade desks of experienced trading professionals waiting to assist you with any trade-related questions, queries and/or issues.
Equity/Options Desk 800.871.3563
Through our securities lending division, TradeStation has built numerous relationships with various broker/dealers. Through these relationships, TradeStation clients have access to a larger-than-normal number of equities for short sale. If an equity is not "easy to borrow," clients may contact the equity trade desk and we will attempt to locate shares for you to short. A trade desk representative will enter your order on the platform. You will then be able to modify/cancel the order yourself. There is no additional charge for this service.
*Short-debit fees are applicable
As a TradeStation client, you have the ability to trade securities on all listed exchanges (Nasdaq National Market, Nasdaq Small Cap Market, NYSE, NYSE AMEX and NYSE Arca). TradeStation does not support OTCBB and Pink Sheets securities electronically. Orders for OTCBB and Pink Sheets can be called into the equities trade desk and placed at no additional charge.
TradeStation Securities connects and routes to all of the major options exchanges and allows clients to place options orders up to and including four legs.
Level 1 – Covered calls, protective puts
Level 2 – Buying calls and puts, collars, covered puts
Level 3 – Stock and index option spreads
Level 4 – Writing naked stock and index option puts (margin accounts), writing cash-covered puts (cash accounts)
Level 5 – Writing naked stock and index option calls (margin accounts)
You have three buying power indicators in your margin account(s), which work as follows.
Your day trade marginal equities buying power figure is based on the premise that the stock you are purchasing is set to the 25% day trade requirement. Certain equities, for risk-related reasons, may be set at a higher margin requirement (50%, 75%, etc.). Any equity that carries a margin requirement higher than the 25% day trade rate can be found on the Special Margin Requirements page in the TradeStation Client Center. To determine the dollar amount of a security that can be purchased or sold short, you can use the following formula:
Day Trade Buying Power (DTBP) x .25/SMR%
$200,000 x .25/.75 = $66,666
You can purchase up to $66,666 worth of SKF.
$350,000 x .25/.60 = $145,833You can sell short up to $145,833 worth of SDS.
$300,000 x .25/.75 = $100,000
You can sell short up to $100,000 worth of HGSI.
Generally, options contracts that close in-the-money by $.01 or more on the last trading day before expiration will be auto-exercised. You must ensure that sufficient buying power is in the account if you plan on being exercised or assigned. Short option holders do not have any control over when assignments will occur; only the probability of such can be estimated. No options traders can know when stocks will be halted from trading or removed from Ex by Ex-automatic "in-the-money" exercise processing at the Options Clearing Corporation (see its website for memo releases).
If sufficient equity or buying power is not in the account, or if you wish to avoid taking possession of the underlying assets of an options contract that may lead to a highly margined transaction and substantial risk exposure, the options position or strategy may simply be unwound by taking market action before the expiration of trading. TradeStation Securities reserves the right to close out any options position or deny an auto-exercise of such if an account has insufficient equity or buying power to collateralize the resulting transaction. Account owners are responsible for all options-related transactions and financial obligations in their accounts.
Call a TradeStation Specialist 800.808.9336
No offer or solicitation to buy or sell securities, securities derivative, futures products or off-exchange foreign currency (forex) transactions of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any TradeStation affiliate and the information made available on this Website is not an offer or solicitation of any kind in any jurisdiction where any TradeStation affiliate is not authorized to do business, including but not limited to Japan.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. Options trading is not suitable for all investors. Your account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. Please click here to view the document titled Characteristics and Risks of Standardized Options. Before trading any asset class, customers must read the relevant risk disclosure statements on our Other Information page. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
TradeStation Group, Inc. Affiliates: All proprietary technology in TradeStation is owned by TradeStation Technologies, Inc. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities, Inc. (Member NYSE, FINRA, NFA and SIPC). TradeStation Securities, Inc.’s SIPC coverage is available only for equities and equities options accounts. Forex products and services are offered by the TradeStation Forex divisions of IBFX, Inc. (Member NFA) and IBFX Australia Pty Ltd, ABN 84 142 210 179, holder of AFSL #363972.
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