Thursday, September 21, 2006

TradeStation Drops Platform Fee Bypass Requirement

Effective November 1, TradeStation customers who trade 5,000 shares or more in a month will have the platform fee waived for the following month.  This is a serious cut—from 25,000 shares—that will reduce costs for more TradeStation customers. 

For those who don’t made enough transactions, it costs $99.95 per month to use the TradeStation analytical platform.  I have long been a fan of the charting and trade automation capabilities of this platform.  It’s aimed at frequent traders—casual investors would be overwhelmed by what the program offers.

Janette Perez, TradeStations VP Communication, tells me that for the month ended August 31, 2006, year over year, TradeStation’s DARTs increased 40% and total client assets increased 20%.

Posted by twcarey on 09/21 at 02:48 PM
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