TradeStation
Pros
- $0 stock and ETF commissions in the pricing table
- Options fall to $0 per contract above 10,000 monthly contracts
- Micro futures commissions start at $0.25 per contract, per side
- FuturesPlus has no platform fees
- Simulated trading supports paper trading and backtesting
- API access supports custom multi-asset execution workflows
- Cash balances over $100,000 can earn 0.15%
Cons
- $10 monthly inactivity fee unless minimum activity is met
- Outgoing account transfers cost $125
- Sending wires cost $25 or $35 depending on account type
- Mutual fund trades cost $14.95 per transaction
- Sub-dollar and OTC equity trades cost $0.005 per share
- FuturesPlus futures trades cost $1.75 per contract, per side
- Margin positions require a minimum of $2,000
- Non-brokerage platform access costs $99.99/$199.99 monthly