TradeStation supports the major currencies like USD, GBP and EUR, but does not support minor currencies. TradeStation trading account currencies vs. USD, GBP, EUR and sometimes JPY) and some support a lot more than that. Some online brokers offer trading accounts only in the major currencies (i.e. It's likely not a big deal but something you should be aware of. Why does this matter? A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. For example, at IG, it is possible to have both EUR and USD-based accounts. At some brokers, you can also have more trading accounts with different base currencies. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated.Įach trading account has a base currency, which means that the broker will hold your deposited money in that currency.
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While TradeStation doesn't have a minimum deposit for cash accounts, there is a $2,000 minimum deposit for margin accounts and a $5,000 minimum for futures accounts. Brokers that don't require a minimum deposit do so to encourage people to try their service without requiring a large initial commitment. It is a good broker to start your investment journey with, as you can add more funds to your account later as you get more experienced in managing your investments. This means that it's an ideal broker if you want to trade or invest with a smaller amount.
#Tradestation minimum requirements mac os#
Mac OS and the TradeStation PlatformĬlients using Mac OS can run TradeStation through a Windows emulator.
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Traders that fit this profile are the active TradeStation traders or the user who requires following various active markets at the same time using complex EasyLanguage studies and strategy optimizations. Power UserĪ power user is generally a user utilizing computationally intensive EasyLanguage studies, utilizing large amounts of tick or intraday data (for example, several tick-based charts of highly active symbols such as Google, AAPL or or several strategies with Look-Inside-Bar to the tick level enabled), or generating a large amount of trading activity. The standard user doesn’t rely on processor-intensive analysis techniques running real time on multiple charts. This type of user generally doesn’t need more than a handful of market data requests and follows specific symbols that are not extremely active. Traders that fit this profile are swing or trend traders.
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Standard UserĪ standard user is generally anyone who is moderately sensitive to real-time market data updates and makes intraday decisions based on intraday market analysis. Traders that fit this profile are usually position traders or end-of-day traders. The common profile of the minimum requirements user is a TradeStation platform user who is not sensitive to real-time market data updates and makes decisions on market analysis that is not time sensitive.