TradeStation Securities, Inc., a securities broker-dealer and registered futures commission merchant, announced the launch of a new product this Wednesday – TS SELECT.
TS SELECT is a pricing plan that offers free commissions if investors trade on web or mobile platforms. When trading on the TradeStation desktop platform, the solution will give investors competitive fees, according to the statement released today.
The solution has been designed for the broker-dealer’s advanced traders, and clients can open a TS SELECT account, as opposed to TS GO. In addition to being a pricing plan, TS SELECT also allows clients to trade a variety of asset classes – stocks, options, equities, equity options, and futures. The account is only available for US residents.
TS SELECT is part of zero-fee movement
TS SELECT is part of a wider commission-free movement of the company. As Finance Magnates reported, TradeStation joined the zero-fee race in the United States back in October of this year.
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In order to stay competitive, the US broker-dealer arm of Japanese financial services giant Monex Group reduced its brokerage fees on stocks, options, and exchange-traded funds to zero.
Commenting on the announcement, John Bartleman, President of TradeStation Group said: “We are excited to be a part of the commission-free movement and help traders access the markets with our recent launch of TS GO for mobile app and web traders, but we didn’t want to stop there.”
“Now, with TS SELECT, we are providing a valuable alternative designed for the advanced trader who craves a broader and more sophisticated suite of tools and services to try to gain a financial edge – a pricing plan that offers free commissions if you trade on web or mobile and highly competitive fees when you need to use the powerful TradeStation desktop platform with all of its bells and whistles.”
“Part of our longstanding commitment to our customers means offering fair, highly competitive pricing. TS SELECT achieves this by giving traders a pricing plan they can tailor to their own trading profile and objectives.”