TradeStation, the company in charge of the operations of Japanese forex group Monex Group in North America and Europe, said it has introduced a simplified model for commission pricing for trades for stocks, ETFs and options. The new model will apply for new customers, but existing one can also benefit from it.
The new pricing model is available as of 3 March, 2017.
Under the new model, traders will pay a per-trade fixed fee of $5 for equities and $5 per trade plus $0.50 per contract for options. Previously, the commission was tied to the trading volume and could reach as high as $8.99 per trade and contained other fixed and potential monthly fees that have now been eliminated.
“This new $5 per-trade plan offers significant potential cost savings for equities and options traders who trade less frequently or in larger share sizes,” said John Bartleman, President of TradeStation Group, Inc. “We think that this new per-trade pricing plan, together with the availability of the per-share and unbundled plans, when combined with the power and value of the award-winning TradeStation platform, is an offering hard to beat in today’s online trading market for active traders and investors.”
Customers on the new per-trade pricing plan will pay no additional monthly service fees for using the broker’s TradeStation proprietary platform. They will have free access to real-time market data from the NASDAQ, AMEX, NYSE and OPRA exchanges, as well as to TradeStation’s RadarScreen market-monitoring tool and Portfolio Maestro portfolio-level back-testing tool.
TradeStation will continue to offer its per-share pricing plan, starting at just $.01 per share to as low as $.006 per share (with a $1.00 per trade minimum), for customers who trade frequently in small-share lots. In addition, investors who trade at least 100,000 shares per month will be continue to be offered a pricing model, under which they can earn execution rebates and cut their commission cost to as low as $.002 per share.
Options traders can also choices between the new options pricing plan or the per-contract commission pricing plan currently offered at $1.00 per contract, but with no base/ticket charge.
TradeStation Securities offers the TradeStation analysis and trading platform that employs electronic order execution. Users can design, test, optimize, monitor and automate their own custom equities, options and futures trading strategies.
TradeStation Group is a wholly owned subsidiary of Monex Group, one of the leading online financial services providers in Japan. Monex Group operates internationally and consists of a group of companies based in Japan, Asia, North America and Europe. It operates under three retail trading brands – Monex, TradeStateion and Boom. The majority, or about 60%, of its revenue comes from operations in Japan and the remaining 40% from operations in the US.