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Tradestation credit interest rate
- Thread starter detective
- Start date
Multicharts does not seem to have backtesting, portfiolo level testing or Money Management from the web site and the product reviews are 'iffy' at best. I am still looking at TradersStudio, but I have not decided whether that is the direction I want to go yet.
Does anyone have comments about TradersStudio's Technical Support?
Does anyone have comments about TradersStudio's Technical Support?
Quote from humble1:
Are there any charting programs out there that have trendline alarms, continuous contracts with automatic data adjustment at rollover, and clean sharp graphics that run off IB? I would be interested in seeing those so I could get away from TS. Thanks.
Try Medved's quotetracker. No continuous contracts, but it has everything else on your list, and way more things that should be on your list, but which you haven't yet considered. QT is free! Give it a try.
Quote from jimrockford:
Try Medved's quotetracker. No continuous contracts, but it has everything else on your list, and way more things that should be on your list, but which you haven't yet considered. QT is free! Give it a try.
I am familiar with QT. Since it does not meet my limited needs on my list of "charting" programs, and it freezes a lot, no thanks. I am willing to pay for a good product.
Quote from agtrader777:
Multicharts does not seem to have backtesting, portfiolo level testing or Money Management from the web site and the product reviews are 'iffy' at best. I am still looking at TradersStudio, but I have not decided whether that is the direction I want to go yet.
Does anyone have comments about TradersStudio's Technical Support?
I purchased Traders Studio 3 weeks ago,and have to say their technical support is excellent.As i am a beginning programmer,I had many questions regarding the language and how to code,and not only was tech support extremely patient,but Murray got involved and went out of his way to assist me.
Quote from detective:
Tradestation credit interest rate on balances over $10,000 is 1.125%!
That's highway robbery!! To compare, IB pays 4.55% (LIBOR-0.50%) over $10,000.
On a balance of $100,000, thats $3,082 LESS interest that you get paid by Tradestation than IB. So for daytraders, who end the day flat, that $3,082 that you are losing per year for every $100,000 that you have.
On top of that, Tradestation charges $99.95/month for its software, a lot of other brokers don't. Plus higher commissions than most other active trading retail firms.
Can anyone tell me the benefit to being with Tradestation over other brokers?
There's gimmick for IB too.
IB's interest rate is somewhat less attractive if you take its interest calculation into account.
The calculation is a bit complicated because the interest is calculated on pro-rate basis(which is very different from other brokers and banks).
For the first $10,000, you get no interest.
For the next $90,000 (100k-10k), you get benchmark interest rate - 0.5%.
for the rest, it's benchmark interest rate - 0.25%
So, as you see, you may think the first $10,000 is "robbery" too - no interest at all.
This calculation method applies to other fees and commissions - higher for the first tier, then it goes lower and lower at each tier.
I purchased tbills in the TS account. I'm confused about the accounting though and was hoping someone else who's done this can corroborate my experience
Where does the 5% non-marginable portion of the bills get accounted for? It appears to come out of 'securities on deposit' and thus 'real-time account equity' without appearing anywhere else.
Where does the 5% non-marginable portion of the bills get accounted for? It appears to come out of 'securities on deposit' and thus 'real-time account equity' without appearing anywhere else.