Tradestation is $113 per month

Discussion in 'Retail Brokers' started by rowenwood, Mar 25, 2004.

  1. Man, That's way too bad to say:eek: :confused: :D
    #31     Mar 26, 2004
  2. #32     Mar 26, 2004
  3. Hey, c'mon guys. I was just kidding.
    #33     Mar 26, 2004
  4. Ebo


    I wasn't!
    When this becomes a pay site I will be the first to pay.
    Maybe the TROLLS will go away.
    #34     Mar 26, 2004

  5. LOL. He set himself up for that. It is quite a ridiculous thing to say seeing it's universally accepted as one of the best brokerages offering high quality software.
    #35     Mar 26, 2004
  6. I have been using eSignal over six monthes now, and totaly
    satisfies, but looking at TS, it look more advances in charting
    than even Esignal.

    I have version of TS2000i to use with my Esignal feed, and
    decided to move to TS when i get proficient with EL to be taking
    full advantage of the charting plateform.

    Sure TS is very promising in the future, because soon they will
    have their own clearing that means lower commision, and
    in process to make changes to their data feed in near future
    as announced recently
    #36     Mar 27, 2004
  7. Luto


    I use TS and there are tradeoffs.

    Cons: Subscription software is not a good model. If they ever start raising the fees I will defect.
    Platform is moderately buggy. New releases have regression bugs. But at least they have new releases.
    No Options orders on-line until TS8.
    No Eurex-Bund quotes.

    EL is simple although sometime obtuse. However creating a system you believe in is critical to success imo. This is the main reason I use it.

    I never trade through them. TS is a backup broker.
    Data feeds are "ok" they used to be really bad but are better now.

    Bottom line is everyone needs to make their own evaulations for THEIR needs. Besides it is not like you are married to the system because you can always change.

    Lastly, keep in mind that trading, not coding or building cpu's is the main goal. All the "system" stuff has to be reliable and usable, that is it. There is so much more to trading than which platform. I would guess I good trader could use about any platform and do well. while a poor trader will not have a chance with the "best" platform.

    #37     Mar 27, 2004
  8. a-ha! correct for all platforms except TS!

    The first problem is, that if you don't pay the TS software fee ($100/mo.), you cannot trade through them. You can only place orders through the phone.
    Now, even if you use TS as a backup broker, then once you stop paying for the software, effectively you don't have a backup broker anymore, because you can't place orders.

    The second problem is, that if you want to use TS for $100, you need to open an account there, and wire $5K minimum for an uninsured futures account. If you want to keep your money in a securities account (sipc insured), then you need to wire $10K.
    That's a whole procedure of opening an account and depositing $10K, just to be able to use the software.
    Alternatively you can use the software without the account but that would cost you $200/mo., and you don't want that.

    This whole thing really sucks. I go eSignal. But then again I don't do strategy developing.
    #38     Mar 27, 2004
  9. Ebo


    I would be really concerned with RJOBrien's solvency with my future's account.
    #39     Mar 27, 2004

  10. Beware of that one, because it has inaccurate quotes many times.
    #40     Mar 27, 2004