Has Tradestation Securities taken a major setback, since Japanese Monex Takeover

T

TradeTune

Tradestation used to be talk of the town even 15-20 years ago, They used to a be one of sponsor of ET too, but i feel since 2011 Japanese Monex take over, Tradestation has taken a set back in term of popularity, marketing and further plateform advancements . Monex basicaly has done nothing for Tradestation.

I'm not sure how solid is Tradestation securities as a compnay now, and which direction it will head in future, as monox Group aren't doing much for this platform, even recently they took TS desktop version of the table for their Janpanese market clients for cut some costing which sounds stupid ? !!
 
You may want to look into your protection if they ever file for bankruptcy a la Lehman brothers.

That's the only thing that matters really.
 
For me
tonyf said:
You may want to look into your protection if they ever file for bankruptcy a la Lehman brothers.

That's the only thing that matters really.
More...

I'm not concerned with their financial strenght, as I don't even need to have my fund at Tradestation to use the platform for trading purpose, though there is SIPC coverage for customers fund like any other brokers.

My main concern is investing time to learn ins & out of this plateform, but later i have to leave it for other softwares.
 
It's a bit of a problem. They messed it up with TS10, most active traders still run their TS9.5 or 9.1 which both can't be even installed on Windows10.

A quick look also shows they are financially not really doing that well. Tradestation missed the next wave. Very serious retail traders moved to IB or went to guys like Lightspeed.
 
traderslair said:
It's a bit of a problem. They messed it up with TS10, most active traders still run their TS9.5 or 9.1 which both can't be even installed on Windows10.

A quick look also shows they are financially not really doing that well. Tradestation missed the next wave. Very serious retail traders moved to IB or went to guys like Lightspeed.
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Afaik they are very busy since last 4 months opening many accounts. Where did you get the report that they not doing well ?
I think TS.10 cosmeticly looks much better than TS 9.5 to the eyes.

The thing that bothers me the most, is the software has not brought much innovations or new features since TS v.8...

As an example in a chart if you have several indicators under a chart, makes that chart look completely squeezed, unlike Amibroker where you can have several tabs under a chart, you can click each tab to see each indicator individually

Another example your setting, workspace, scans , charts etc doesn't sync across all devices on the cloud.

Seems monex Japanese group were wrong people behind such a powerful plateform.
 
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TradeTune said:
Afaik they are very busy since last 4 months opening many accounts.
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You can only say this if you work there, if not, then this statement is void.

And if you work there, your information has an agenda.

Tradestation balance sheet is not looking good. NFA reports show also issues with their cash situation. The Japanese either sucked them dry or they are failing as a business.

If you are going to argue here saying that TS10 is better because it's better on your eyes well then our conversation is over. Tradestation10 is full of bugs and many, many of their best traders told me personally they can't use it and still use TS9.5 and TS9.2 and if you are going to deny this you are either delusional, don't know what you are talking about or have an agenda.
 
I have opened an account with them a few days ago when ToS was down for 2-days. I never funded it and I never heard a peep from them which is bizarre. Any other broker would have been emailing about "funding" time or some other nudge for me to put some money up.
 
traderslair said:
You can only say this if you work there, if not, then this statement is void.

And if you work there, your information has an agenda.

Tradestation balance sheet is not looking good. NFA reports show also issues with their cash situation. The Japanese either sucked them dry or they are failing as a business.

If you are going to argue here saying that TS10 is better because it's better on your eyes well then our conversation is over. Tradestation10 is full of bugs and many, many of their best traders told me personally they can't use it and still use TS9.5 and TS9.2 and if you are going to deny this you are either delusional, don't know what you are talking about or have an agenda.
More...

https://www.investing.com/equities/monex-group-inc-financial-summary
https://www.bloomberg.com/quote/8698:JP
https://app.stockopedia.com/share-prices/monex-inc-TYO:8698#_=_

All above shows Tradestation group net profit has increased year over year from 2018.
I don't see any issue. Maybe i'm missing an aissue , can you show me NFA report ?
 
HomelyWizzard said:
I have opened an account with them a few days ago when ToS was down for 2-days. I never funded it and I never heard a peep from them which is bizarre. Any other broker would have been emailing about "funding" time or some other nudge for me to put some money up.
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I opened account with them late march and took almost 9 days. I was assigned an relation manager in online account opening. After account approved, he was in constant contact with me and he was excellent. FYI I'm not in US.
Maybe now situation has changed lately, as i read in other facebook groups, some guys saying support is minimal or down accoording to them
 
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