
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
Switch from TradeStation to
All 4
Fidelity Trader+Free
TradingViewFree plan: Yes ($0, no card)
MetaTrader 4Free
- Verified facts
- 4 of 4
- Alternatives ranked
- 4
- Approved reviews
- 0
- Visits sent from here
- 0
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.
| Attribute | TradeStation | Fidelity Trader+ | TradingView | MetaTrader 4 |
|---|---|---|---|---|
| Pricing | Free plan + paid | Free | Free plan + paid | Free |
| Verified price | — | — | — | — |
| Free plan | Yes | Free app | Yes ($0, no card) | Free app |
| Open source | No | No | No | No |
| Self-hostable | No | No | No | No |
| Platforms | Windows, Web, iOS, Android | Windows, macOS, Web, iOS, Android | Web, Windows, macOS, Linux, iOS, Android | Windows, macOS, Linux, iOS, Android, Web |
Top TradeStation alternatives
See all 4- 1
Fidelity Trader+64.8Fidelity's active-trading platform, a good fit if you want a large full-service broker for retirement accounts too.
- 2
TradingView61.8Browser-based charts and Pine Script strategies that connect to many brokers, including TradeStation.
- 3
MetaTrader 457.5Widely used platform for scripting and automating forex and CFD strategies through many brokers.
- 4
Webull51.2Commission-free app with solid charts and paper trading, simpler for newer traders than TradeStation's desktop.
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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Reviews
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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.