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Which pricing plan best fits your trading style?
With an even lower commission rate of $0.006 after the first 500 shares per trade.
No additional charge on cancelled/unexecuted shares.
Starting at $4.99/trade
With FREE direct routing on every first 1,000 shares per trade.
$0.004 per share thereafter.
Note: Both stocks and options can be traded in a TradeStation equities account. The commission plan you choose (per-share vs. per-trade) applies to both stock and options trading in that account.
As low as $0.002/trade
Take advantage of liquidity rebates when you maintain qualifying minimum trading volumes.
To set up a new account under this plan, contact the unbundled pricing sales team directly at 1-800-770-4049 or firstname.lastname@example.org or Click here to apply online.
Upgrade your stock & ETF trading to TradeStation today
A monthly Account Service Fee may apply based on trading volume or account balance. There is a regulatory transaction fee of 0.00221% of the total dollar amount of securities sold. TradeStation may pass through certain charges, including financial transaction taxes, on the purchase of foreign-related securities, like American Depositary Receipts, that remain long in your account at the close of trading on the day of purchase. Prices, fees, costs and terms are subject to change.
Per-share equities commissions, which under certain circumstances may be lower and more advantageous to smaller-share-per-order traders, are primarily designed for use by active individual, institutional, and professional stock traders desiring the highest level of execution quality and speed. As such, the intelligent-routing algorithm predominantly leverages the advantages of more expensive execution destinations such as ECNs and electronic exchanges.
Flat-fee equities commissions, which under certain circumstances may be lower and more advantageous to larger-share-per-order traders, are primarily designed for use by individual traders who value execution quality and speed, and desire the highest level of flexibility with their execution costs. As such, the intelligent-routing algorithm may favor less expensive execution destinations including market makers.
Per-Trade, also known as flat-fee equities commissions, which under certain circumstances may be lower and more advantageous to larger-share-per-order traders, are primarily designed for use by individual traders who value execution quality and speed, and desire the highest level of flexibility with their execution costs. As such, the intelligent-routing algorithm may favor less expensive execution destinations including market makers. Per-Trade/flat-fee and per-share commissions shown are based on intelligent order routing. Direct routing of per-trade/flat-fee orders is available at no additional charge for orders of up to 1,000 shares; direct-routed per-trade/flat-fee orders of over 1,000 shares will be charged an additional $.004 per share in excess of 1,000 shares. For new accounts, the per-trade/flat-fee commission rate for the first calendar month will be $4.99 per trade for all equities trades. In subsequent calendar months, the per-trade/flat-fee commission rate will be based on the equities and options trading activity in your account from the prior month. For example, if the total number of equities and options trades in all your TradeStation per-share/flat-fee accounts under the same customer ID is 20 in July, then all equities and options trades placed in your commission accounts in August will be $7.99 per trade.
A clearing fee of $0.0002 per share will be added to every transaction. There is no additional fee for direct routing. $1 minimum per order up to 100,000 shares executed per month, $0.70 minimum up to 1 million shares executed, and $.50 minimum per order for monthly volumes exceeding 1 million. This is only applicable for the commission. The pass-through rebate and fee are not taken into consideration for the minimum commission charge. If intelligent routing is selected, the order will get routed to the destination based on our intelligent routing algorithm, not necessarily the destination with the lowest fee or highest rebate. Care should be taken when using intelligent routing on the unbundled commission plan. In most cases, the same fee/rebate the exchanges charge TradeStation is passed on to the client, but this is not guaranteed. Some normalization does take place.
You’re long 1,500 shares, and decide to scale out of your position as the price continues to move.
($9.99 ticket charge and 1/2¢ ECN fee)
You place a buy order for 1,500 shares and receive a partial fill on 1,000 shares.
The market moves away from your price, so you move your order
with cancel and replace for the remaining shares.
Also known as flat-fee pricing, this plan adjusts commission charges based on your monthly trading volume, allowing you to save more when you trade more.
$4.99 per trade (200 or more trades/month)
$5.99 per trade (100 – 199 trades/month)
$6.99 per trade (30 – 99 trades/month)
$7.99 per trade (10 – 29 trades/month)
$9.99 per trade (1 – 9 trades/month)
Direct routing up to 1,000 shares is no additional charge, $.004 per share thereafter.
You’re long 5,000 shares, and decide to close your position.
If you trade 30 or more times per month, you can save even more when trading large-share orders.
Unbundled stock and ETF pricing is a new commission plan that complements our current per-share and flat-fee offerings. This new plan allows TradeStation to offer competitive commission rates and pass through to clients execution fees and rebates from the exchanges.
For additional information, contact the unbundled pricing sales team directly at 1.800.770.4049, email@example.com or click here to apply online.
View Execution Fees & Rebates
A client who trades 4 million shares per month places a market order to buy 1,000 shares of GOOG. He selects BYX as the destination to route the order. The commission for the 1,000 shares is $3.00 (1,000*0.003). The rebate from BYX for removing liquidity is $0.70 (1,000*-0.0007). The clearing fee is $0.20 (1,000*0.0002)
The total commission for this trade is $2.50 ($3.00 - $.70 + $0.20).
A client who trades 5 million shares per month places a limit order to buy 10,000 shares of MSFT that will add liquidity. She selects BATS as the destination to route the order. The commission for the 10,000 shares is $20.00 (10,000 * 0.002). The rebate from BATS for adding liquidity is $25.00 (10,000 * -0.0025). The clearing fee is $2.00 (10,000*0.0002).
The total commission for this trade is a rebate of $3.00 ($25.00 - ($20.00 + 2.00)).
A client who trades 1 million shares per month places a market order to buy 5,000 shares of BAC. He selects NYSE as the destination to route the order. The commission for the 5,000 shares is $25.00 (5,000*0.005). The fee from NYSE for removing liquidity is $12.50 (5,000*0.0025). The clearing fee is $1.00 (5,000*0.0002).
The total commission for this trade is $38.50 ($25.00 + $12.50 + $1.00).
* The fees and rebates listed are only examples. Please refer to the Fees and Rebates page for actual pricing.
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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.
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