Tradestation Stocks and Futures Accounts

Discussion in 'Retail Brokers' started by Splat, Apr 10, 2003.

  1. Splat



    I was planning to create an account with Tradestation.
    I have the forms for the stocks and futures account. However
    it seems that its not *account* but *accounts*. The stocks
    account seems to be managed by Bear Stearns and the futures
    ones is managed by Refco. Does it mean that I would have to
    double fund? i.e. for Pattern Day trading, will I have to have > 30k in each account to trade? My IB account seems to be a single
    account from which I can trade stocks and futures.

  2. I trade through Tradestation and I have multiple accounts - 1 for stocks and 1 for futures. Each have their respective limits for active trades - I believe that for stocks it's 30K and for futures it's 5K. As far as I know, there are no PDT rules for futures accounts. They clear through Bear Sterns (Stocks) and Lind-Waldock/Refco (Futures).

    In other words, there is no such thing as a "Universal Account" a-la Interactive Brokers :(