Commission-Free and Innovative Pricing Plans
Choose the pricing plan that best suits your needs

$0.01/share

With an even lower commission rate of $0.006 after the first 500 shares per trade.

• No additional charge on cancelled/ unexecuted shares
• Includes all direct routing fees
• $1 minimum per trade.

Example 1

Scaling In/Out of Positions

You’re long 1,500 shares, and decide to scale out of your position as the price continues to move.

• 500 Shares @ 1¢ = $5
• 500 Shares @ 1¢ = $5
• 500 Shares @ 1¢ = $5

TOTAL COMMISSION – $15

Example 2

Fast Moving Market

You place a buy order for 1,500 shares and receive a partial fill on 1,000 shares.

1,000 Shares = $8
(500 shares @ 1¢, 500 shares @ .6¢)

The market moves away from your price, so you move your order with cancel and replace for the remaining shares.

500 Shares @ .6¢ = $3

TOTAL COMMISSION – $11

How unbundled pricing could reduce your trading costs

Unbundled Pricing

Unbundled stock and ETF pricing is a new commission plan that complements our current per-share and flat-fee offerings. This new plan allows TradeStation to offer competitive commission rates and pass through to clients execution fees and rebates from the exchanges.

For additional information, contact the unbundled pricing sales team directly at 1.800.770.4049, sales@tradestation.com or click here to apply online.

View Execution Fees & Rebates

Example 1

A client who trades 4 million shares per month places a market order to buy 1,000 shares of GOOG. He selects BYX as the destination to route the order. The commission for the 1,000 shares is $3.00 (1,000*0.003). The rebate from BYX for removing liquidity is $0.70 (1,000*-0.0007). The clearing fee is $0.20 (1,000*0.0002).

The total commission for this trade is $2.50 ($3.00 – $.70 + $0.20).

Example 2

A client who trades 5 million shares per month places a limit order to buy 10,000 shares of MSFT that will add liquidity. She selects BATS as the destination to route the order. The commission for the 10,000 shares is $20.00 (10,000 * 0.002). The rebate from BATS for adding liquidity is $25.00 (10,000 * -0.0025). The clearing fee is $2.00 (10,000*0.0002).

The total commission for this trade is a rebate of $3.00 ($25.00 – ($20.00 + 2.00)).

Example 3

A client who trades 1 million shares per month places a market order to buy 5,000 shares of BAC. He selects NYSE as the destination to route the order. The commission for the 5,000 shares is $25.00 (5,000*0.005). The fee from NYSE for removing liquidity is $12.50 (5,000*0.0025). The clearing fee is $1.00 (5,000*0.0002).

The total commission for this trade is $38.50 ($25.00 + $12.50 + $1.00).

The fees and rebates listed are only examples. Please refer to the Fees and Rebates page for actual pricing.

A clearing fee of $0.0002 per share will be added to every transaction. There is no additional fee for direct routing. $1 minimum per order up to 100,000 shares executed per month, $0.70 minimum up to 1 million shares executed, and $.50 minimum per order for monthly volumes exceeding 1 million. This is only applicable for the commission. The pass-through rebate and fee are not taken into consideration for the minimum commission charge. If intelligent routing is selected, the order will get routed to the destination based on our intelligent routing algorithm, not necessarily the destination with the lowest fee or highest rebate. Care should be taken when using intelligent routing on the unbundled commission plan. In most cases, the same fee/rebate the exchanges charge TradeStation is passed on to the client, but this is not guaranteed. Some normalization does take place.