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TradeStation logo

TradeStation

US online broker with a desktop trading platform for stocks, options and futures, plus a trading API.

Updated · AppBreakup editorial · Windows, Web, iOS, Android

Is TradeStation free?

Free plan, plus paid plans

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About TradeStation

TradeStation is a US brokerage known for its desktop platform aimed at active and technical traders. You can trade stocks, ETFs, options and futures from the desktop app, the web platform or the mobile apps, and the desktop version is where it stands out: detailed charting, market scanners, and EasyLanguage, its own scripting language for writing indicators and automated strategies, with historical backtesting. Developers can use the REST brokerage and market data API to build their own trading tools, and a simulator environment allows paper trading with fake money. Third-party tools such as TradingView can also send orders through a TradeStation account. Stock and ETF trades are commission-free on standard plans, while options and futures carry per-contract fees. The full desktop platform runs on Windows only, so Mac users rely on the web and mobile versions. It suits traders who want to build and test strategies; long-term investors may find it more than they need.

Best for: Active US traders who want to script, backtest and automate strategies on stocks, options and futures.

Pros and cons

What works

  • EasyLanguage scripting for custom indicators and strategies
  • Stocks, options and futures in one account
  • REST API with a paper-trading simulator for developers
  • Orders can be placed from TradingView

Why people leave

  • Full desktop platform is Windows only
  • Options and futures carry per-contract fees
  • Busy interface with a steep learning curve for new investors

TradeStation vs Fidelity Trader+, TradingView and MetaTrader 4

From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.

AttributeTradeStationFidelity Trader+TradingViewMetaTrader 4
PricingFree plan + paidFreeFree plan + paidFree
Verified price————
Free planYesFree appYes ($0, no card)Free app
Open sourceNoNoNoNo
Self-hostableNoNoNoNo
PlatformsWindows, Web, iOS, AndroidWindows, macOS, Web, iOS, AndroidWeb, Windows, macOS, Linux, iOS, AndroidWindows, macOS, Linux, iOS, Android, Web

Top TradeStation alternatives

See all 4
  1. 1Fidelity Trader+ logo
    Fidelity Trader+

    Fidelity's active-trading platform, a good fit if you want a large full-service broker for retirement accounts too.

    64.8
  2. 2TradingView logo
    TradingView

    Browser-based charts and Pine Script strategies that connect to many brokers, including TradeStation.

    61.8
  3. 3MetaTrader 4 logo
    MetaTrader 4

    Widely used platform for scripting and automating forex and CFD strategies through many brokers.

    57.5
  4. 4Webull logo
    Webull

    Commission-free app with solid charts and paper trading, simpler for newer traders than TradeStation's desktop.

    51.2

Why people left TradeStation

In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.

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TradeStation: common questions

What is TradeStation?

TradeStation: US online broker with a desktop trading platform for stocks, options and futures, plus a trading API. Best for active US traders who want to script, backtest and automate strategies on stocks, options and futures. Available for Windows, Web, iOS and Android.

Is TradeStation free?

TradeStation has a free plan and paid plans.

Is TradeStation open source?

No, TradeStation is not open source.

What platforms does TradeStation run on?

TradeStation is available for Windows, Web, iOS and Android.

What are the best alternatives to TradeStation?

The highest-ranked TradeStation alternatives right now are Fidelity Trader+, TradingView and MetaTrader 4. See the full ranked list for pricing, platforms and verified facts.

TradeStation vs Fidelity Trader+: what's the difference?

TradeStation is free with paid plans; Fidelity Trader+ is free to use. Only Fidelity Trader+ runs on macOS.

See all 4 TradeStation alternatives