Pricing plans built for those with trading in their DNA

Stocks and ETFs*
Equities Tiers	Commissions (per share)
Tier 1	$0
Tier 2	$0
Tier 3	$0
Tier 4	$0

Other Trading Fees

Options
Equities Tiers	Monthly volume of contracts traded	Commissions (per contract, per side)	Single-leg (per contract, per side)	Multi-leg (per contract, per side)	Index option fee (per contract, per side)
Tier 1	0 – 500	$0	$0.80	$0.40	$1.00
Tier 2	501 – 1,000	$0	$0.60	$0.30	$0.80
Tier 3	1,001 – 10,000	$0	$0.50	$0.25	$0.70
Tier 4	>10,000	$0	$0	$0	$0.60

Other Trading Fees

 

Futures
Equities Tiers	Monthly volume of contracts traded	Commissions (per contract, per side)	Regular (per contract, per side)	Micros (per contract, per side)
Tier 1	0 – 500	$0	$1.75	$0.50
Tier 2	501 – 1,000	$0	$1.00	$0.40
Tier 3	1,001 – 10,000	$0	$0.80	$0.30
Tier 4	>10,000	$0	$0.50	$0.25

Other Trading Fees

Futures contracts traded through the FuturesPlus platform will incur a fee of $1.75 per contract, per side.

Futures Options
Equities Tiers	Commission (per contract, per side)
Tier 1	$0.85
Tier 2	$0.85
Tier 3	$0.85
Tier 4	$0.85

Traded through the FuturesPlus platform. Standard exchange, regulatory, and overnight fees may apply. For more information about trading futures options on FuturesPlus, please contact us.

Treasuries (T-bills, T-bonds, T-notes)
Equities Tiers	Transaction fee
Tier 1	$50
Tier 2	$50
Tier 3	$50
Tier 4	$50

 

Fixed income (Corporate bonds, municipal bonds)
Equities Tiers	Transaction fee
Tier 1	$14.95 + $5/bond or note
Tier 2	$14.95 + $5/bond or note
Tier 3	$14.95 + $5/bond or note
Tier 4	$14.95 + $5/bond or note

 

Mutual funds
Equities Tiers	Transaction fee
Tier 1	$14.95
Tier 2	$14.95
Tier 3	$14.95
Tier 4	$14.95

See family of available mutual funds

Account fees
Inactivity fee	$10 per month (FREE if account meets minimum activity)
Return mail fee	$5 per item
Uncashed check fee (stale-dated – void after 180 days)	$50
Hardcopy statement/confirmation postage & handling	$5 per page
Physical certificate transfer and ship	$500 per certificate +overnight fee
Physical certificate deposit	$500 per certificate
DWAC transactions	$150 per settled transaction
DRS transfers (book entry held at agent)	$25 per issue (incoming or outgoing)
DRS transfer reject	$100
DTC free receive or deliver	$25 per issue
Receiving wires	$0
Sending wires	$25
Outgoing account transfer	$125
Overnight delivery	$25
Restricted security processing fee	$500 per issue
Returned check	$25
Returned ACH	$25
Legal transfers	$50 per issue
Voluntary tenders	$50
Voluntary unit conversion	$50
Mandatory corporate actions	$30
Maturities, redemptions, calls	$20
Limited partnership/non-standard asset re-registration fee	$150 per issue
Limited partnership/non-standard asset custody fee	$100 per issue
Stop payment fee	$25
Short debit fees	Fees vary
Non-transferable and/or worthless security	$25 per CUSIP per year
IRA administration fee (annual)	$35
IRA account termination fee	$50
Futures IRA	See fee schedule with Futures IRA application
Futures external transfer	$25
Futures physical delivery	$150 per contract + any applicable delivery costs and exchange fees
Delivery liquidation	$75
Margin/risk liquidation	$75
Broker assisted trade	$25

 

Technology subscriptions (non-brokerage customers)
TradeStation platform with RadarScreen® (monthly)	$99.99 for non-professionals/$199.99 for professionals
Portfolio Maestro backtesting tool (monthly)	$59.95
OptionStation® Pro	Included

The TradeStation analysis software platform, which can be used solely for charting and analysis, including back-testing of investment strategies, is offered by our affiliate, TradeStation Technologies, Inc., a software technology company.

 

Margin Rates

Leverage your assets and increase your buying power with our competitive equities margin interest rates. Active traders can get rates as low as 4.50%.

Margin interest rates1
Less than $50,000	$50,000 – $499,999	$500,000+2
12.00%	11.00%	Please call 800-770-4049 to learn about our latest rates.

 

Margin requirements
Position		Margin accounts2		Cash Accounts
		Day trading3	Overnight
Long stock	Buy stock or ETF	25% value of the position	50% value of the position	100% cost of the position
Short stock	Sell stock or ETF	25% value of the position	50% value of the position	Not available

1. Margin interest rates vary per the base rate and the size of the debit balance. The base rate may be adjusted at TradeStation’s discretion concerning commercially recognized interest rates, current market trends, liquidity in the marketplace, and other industry conditions, and is subject to change without prior notice.
2. Margin balances between $500k-$1,999,999 will default to an effective rate of 6.50% and margin balances greater than $2,000,000 will default to an effective rate of 4.50%.
3. Day Trading requires that certain levels of equity be deposited and maintained in day-trading accounts and that these levels be sufficient to support the risks associated with day-trading activities. Learn more here: https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules.

Non-Day Traders: Non-Day Traders may execute up to three day trades in a five-trading-day period. If exceeded, the Non-Day Trader will be reclassified as a Pattern Day Trader, and all of their margin accounts will become subject to Pattern Day Trader rules. See the “Pattern Day Traders” section below for more details. The sum or total number of all margin day trades that have been executed in the previous 4 trading days can be viewed in the platform’s “Balances” section.

Additionally, each individual margin account that is held by a Non-Day Trader is limited to three opening transactions per day, less the number of day trades in that account made in the preceding four trading days. For example, if you have made two day trades in one of your margin accounts in the preceding four trading days, you will be permitted to place one new opening transaction in that account (buy or sell short) on the current day. You will still be able to place as many closing transactions (sell, buy to cover) as you would like on the current day. In some cases, this limitation may not stop the Non-Day Trader from being reclassified as a Pattern Day Trader.

You may qualify to have this opening transaction limitation removed across all your margin accounts. Please talk with the  Equities Trade Desk for details.

Pattern Day Traders: Based on FINRA day trading rules, any client that places four day trades in a five-trading-day period is deemed to be a “pattern day trader”. Each of a Pattern Day Trader’s margin accounts must maintain a daily equity balance above U.S. $25,000 to have the ability to place opening transactions. If an account’s equity balance falls below $25,000.01, trading is restricted to closing transactions only until that account’s equity balance is increased to above of $25,000.

Margin requirements are structured for a diversified portfolio. Accounts that are using margin for holding concentrated positions may be asked to make immediate changes.

Special Margin Requirements: Due to low liquidity, volatility, or other conditions, some stocks and ETFs may have a special margin requirement. You can view a list of these symbols here: https://my.tradestation.com/lists/borrow-special-margin.

A minimum of $2,000 is required to open and maintain a position on margin, and a minimum of $2,000 is required to open and maintain a short stock position.

Please contact us for information about TradeStation Securities margin requirements and concentration parameters.

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The FINRA Margin Disclosure Statement outlines many of those risks, including:

• You can lose more funds than you deposit in your margin account.
• Your brokerage firm can force the sale of securities in your account.
• Your brokerage firm can sell your securities without contacting you.
• You are not entitled to an extension of time on a margin call.

Review the Margin Disclosure Statement and the Margin Lending Program Rates Disclosure Statement.

Interest

TradeStation Securities will pay interest on cash balances

TradeStation Securities will pay interest on free credit balances (“cash balances”) over $100,000 in non-IRA securities and futures accounts (the “minimum threshold”). The annual percentage interest rate is 0.15%. Customers with cash balances of at least $500,000 may contact customer service to discuss a custom annual interest rate based on their needs and trading style (the “negotiated threshold”). The interest is calculated using the posted annual percentage interest rate prorated for the number of days the cash balance remains above the minimum threshold or the negotiated threshold. Interest will not be paid for days the balance is below the minimum threshold or negotiated threshold. Interest is paid out monthly on either the last business day of the month or the first business day following the end of the previous month. TradeStation reserves the right to right to modify or end the program at any time.

Market data

Certain basic market data is available at no charge to non-professional subscribers. Additional market data fees may apply for added markets. For additional information, please review our Market Data Pricing page.