Overall Conclusion:
TradeStation Forex / IBFX has had one regulatory action against it by the CFTC. TradeStation Forex does not score as well on key criteria as other brokers, which may or may not matter depending on an individual trader’s circumstances. This review is based on this broker’s service offering in the United States, which may differ from their offering in other countries.
Summary Of Regulatory Action Against TradeStation Forex:
TradeStation Forex / IBFX has been fined by the CFTC as described in this alert. is an NFA member under NFA ID 0422448.
Review of TradeStation Forex For Key Criteria
| Criteria | Check | Comments |
|---|---|---|
| Counterparty Risk |  | When last checked for November 2014, TradeStation Forex had net capital reserves 1355% higher than what was required by the regulations. |
| Broker Type | | TradeStation Forex provides straight through processing (STP) execution. |
| Spreads |  | Unfortunately, TradeStation Forex spreads are materially worse than the best alternatives for retail accounts. Spreads are more competitive for accounts with opening balances greater than $50,000. Spreads are all-in with no added commissions. |
| Accounts and Funding | | TradeStation Forex provides options to withdraw money by wire transfer or by check. While these options are limited, there is no fee for check withdrawls, and a customary, reasonable fee for wire transfers. |
| User Interface | | Tradestation Pro allows a choice of trading platforms, including the feature rich and award winning TradeStation platform. The TradeStation platform allows for algorithmic trading and strategy backtesting. |
| Other Comments | | TradeStation can also be used to trade equities, futures, and options. |
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