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TradeStation review

Connect TradeStation to sync your account and place supported orders through QuantWheel. TradeStation handles execution.

Founded 1982Headquarters Plantation, United StatesCountries US, UK and other countriesPlatforms Web, desktop, mobile and API

Open a TradeStation account (opens in a new tab)

TradeStation pays QuantWheel for the Quant plan of traders who qualify for this offer.

Quant plan$0/monthRegular price $119/month
  • $0 per contract
  • $0 exercise
  • $0 assignment

Via QuantWheel only. No paid plan needed. Index options carry a $0.75 surcharge per contract.

What you need each month

  • At least $10,000 in total account value, cash plus positions, on at least one day of the month. Your live TradeStation accounts are added together.
  • At least 75% of the trades you place from QuantWheel, across your connected accounts, go to TradeStation.

TradeStation is your only connected broker? You meet the 75% already.

Questions about this offerSee what the Quant plan includes
Connect TradeStation

Questions about this offer

No. Place as many orders as you want with your brokers. The 75% counts only the trades you place from QuantWheel.

Every trade you place from QuantWheel counts, across all your connected accounts. At least 75% of them go to TradeStation. With only TradeStation connected, you are at 100%.

Yes. There is no minimum number of trades. A month with no trades from QuantWheel still meets the 75%.

Your total account value: cash plus the value of your positions, not cash alone. All your live TradeStation accounts are added together, so two accounts at $5,000 each qualify. Paper accounts do not count. One day at $10,000 or more in the month is enough.

No. Only orders you place from QuantWheel on your TradeStation account count toward the offer and get the $0 option rates.

No. Futures and options on futures are not part of the offer.

TradeStation pays for the $119/month Quant plan of traders who qualify.

The $0 contract, exercise and assignment rates apply only through QuantWheel. You do not need a paid QuantWheel plan or a trial for them. Index options carry a $0.75 per-contract surcharge. Options approval and country access still depend on TradeStation.

Yes. Confirm the offer from your dashboard. Your subscription pauses while you meet the two requirements, so you are not charged.

QuantWheel tells you which requirement is missing and gives you time to fix it. If you do not fix it, your Quant plan pauses until you fix it or pay the regular $119/month.

How to get the offer

Four steps to the Quant plan for $0

  1. Open an account and fund it

    Open a TradeStation account and fund it. Your live accounts need $10,000 in total, cash plus positions. Already a client with $10,000 or more across your accounts? Skip to step 2.

    Open a TradeStation account (opens in a new tab)
    TradeStation's account page with Sign Up for new users and Log In for returning users

  2. Sign in to QuantWheel

    Sign in, or create a free account with your email or Google. Already signed in? Skip to step 3.

    Sign in
    QuantWheel sign-in page with email and Google sign-in

  3. Connect your account

    Press Connect TradeStation and sign in on TradeStation's site. Already connected? Skip to step 4.

    Connect TradeStation
    TradeStation card with the Connect button in QuantWheel

  4. Confirm offer

    Press Confirm offer. If your account qualifies, your Quant plan switches to $0.

    Confirm offer
    QuantWheel's offer window with steps 1 to 3 done and the Confirm offer button

What does TradeStation charge for options?

Pay $0 per options contract, and $0 for exercise and assignment, through QuantWheel. Index options carry a $0.75 per-contract surcharge. Margin rates are negotiable.

Special rates through QuantWheel

Via QuantWheel only. No paid plan needed.

Options contract
$0
Exercise
$0
Assignment
$0
Index options
$0.75
Surcharge per contract
Margin
Negotiable

What TradeStation costs for the way you trade

A year of fees at QuantWheel's TradeStation rates, with each fee they do not name estimated.
How you trade

Selling cash-secured puts, then covered calls on the shares you get.

8
1
$1.20
Through QuantWheel#1Costs less than every broker that publishes all its fees. About $0.08 a trade, under 0.1% of your premium. Clearing, options regulatory, audit trail, SEC, FINRA, quote, platform and inactivity fees estimated.
about $0.60 a monthabout $7.20 a year

What makes up the year

Commission to open
$0
Commission to close
$0
Other fees, estimated
$7.20
Compare every broker for the way you tradeA month and a year at each broker, from the fees each publishes

What you can trade

From the options agreement
  • 0DTESelling (credit) 0DTE strategies needs Level 4 or higher
  • Index options (SPX)For example SPX, VIX
  • Options on futuresVia FuturesPlus, $5,000 minimum equity
  • Spreads in an IRASingle and multi-leg
  • Paper tradingAt no additional fee with a funded account

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only
One cash-secured put1 contract
$0
Ten-lot iron condor40 contracts
$0
Twenty covered calls20 contracts
$0
One turn of the wheelput assigned, call exercised, 2 contracts
$0

Exchange fees and per-order minimums are extra where the fee schedule has them.

Costs, account and safety

From the broker's own pages, checked 8 October 2026

Account and safety

Account types
10 types
Individual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover IRA, Beneficiary IRA, Trust, Business
Registration
FINRA
TradeStation Securities, Inc. (FINRA CRD 39473)
Clearing firm
Self-clearing
For stocks and options, Wedbush carries some futures trades
Account protection
SIPC $500,000
Including $250,000 cash plus Lloyd's excess up to $24.5M per account, $900,000 cash, $200M total
Support
Mon to Fri
Client support Mon to Fri 8 am to 5 pm ET. Futures desk 24 hours Sun to Fri

Account access

Options approval
Naked options require approval
Countries
US, UK and other countries
EU residents open through TradeStation Europe.
Platforms
Web, desktop, mobile and API

Broker details

Founded
1982
Headquarters
Plantation, United States

Regulation and disclosures

FINRA BrokerCheck
TradeStation Securities, Inc. appears in FINRA BrokerCheck under CRD 39473 as an SEC-registered broker-dealer and FINRA member.
The record includes registration details and disclosures. It does not confirm your account eligibility or make every account balance protected in every situation.
Record
View FINRA record (opens in a new tab)

Fees explained

What each line of the fee schedule means for an options order

$0 via QuantWheel, charged on each leg. A ten-lot iron condor is 40 contracts, so $0 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

No fee per event. An assigned put or an exercised call costs nothing beyond the per-contract fee. Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are allowed in an IRA.

Offered.

Questions people ask

Answered from the documents above

Yes, it is Trade & Sync. QuantWheel syncs the account's positions and trades, suggests trades and rolls, and sends the orders you approve to TradeStation. Connect TradeStation

Quant plan at no additional fee, paid by TradeStation. New and existing TradeStation clients. At least $10,000 in total account value, cash plus positions, on at least one day of the month. Your live TradeStation accounts are added together. At least 75% of the trades you place from QuantWheel, across your connected accounts, go to TradeStation. Worth $119 a month at the regular price. See the TradeStation offer

It allows every options level up to naked calls and puts, plus 0DTE, index options and futures options. Pay $0 per options contract, and $0 for exercise and assignment, through QuantWheel. Index options carry a $0.75 per-contract surcharge. Margin rates are negotiable.

The broker is TradeStation Securities, Inc. (FINRA CRD 39473). It is self-clearing for stocks and options, Wedbush carries some futures trades. Account protection is SIPC ($500,000, including $250,000 cash) plus Lloyd's excess up to $24.5M per account, $900,000 cash, $200M total.

US, UK and other countries. EU residents open through TradeStation Europe. Check with TradeStation before you open an account. Brokers by country

There are five levels (1 covered calls and protective puts, 2 long calls and puts, 3 spreads, 4 uncovered puts, 5 uncovered calls), approved on investment objectives, investment experience and other criteria. The application asks for annual income, total and liquid net worth and years of experience. Upgrades go by emailing the Options Information Form, review takes 24 to 48 hours. Selling 0DTE credit strategies needs Level 4 or higher.

QuantWheel shows the call wall, put wall and gamma flip for each ticker it publishes, free and without an account. TradeStation connects to QuantWheel with Trade & Sync. Open the GEX levels

Before opening an account

Confirm eligibility for your country, legal entity and account type.

Check market data, platform, foreign exchange, funding and withdrawal charges.

Confirm which order types and options strategies your account can use.

What changed at TradeStation

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Sources

  • The special rates and the offer requirements come from TradeStation, QuantWheel's sponsored broker.

  • TradeStation's other facts come from its own fee schedule and options agreement, checked 8 October 2026.

  • The regulation details come from the FINRA BrokerCheck firm record for TradeStation Securities, Inc., checked 4 October 2026.

    View FINRA record (opens in a new tab)