Trading stocks and commodities is becoming more and more popular. Almost every day you can find a new broker offering its services to clients from all over the world. Most of them are regular and legit brokers, but there are some who definitely aren’t. In this article we’ll write about a brokerage company called TradeStation. Thanks to the awards they won over the last couple of years, they’re quite popular among traders. That’s why we decided to test them in order to see if they’re really legit. Check out our “Is TradeStation a Scam?” article and learn all you need to know about this broker!
Is TradeStation a Scam? | Login and Data Security
The very first thing to be discussed in our Is TradeStation a Scam? analysis is the protection of clients’ data. As we all know, we live in a digital world, so it’s quite important to protect your data from those who would like to abuse them. In this case, TradeStation does the protection for you with several safety measures. First of all, you’re obligated to select a strong password when you open your account. Minimum strength requirements disable every possible unauthorized access. Moreover, when you try to log in from an unknown device, you’ll have to answer some security questions. Although this might seem silly, it’s quite important and really keeps you safe.
Also, as we’ve mentioned in our TradeStation Review 2017, TradeStation uses strong, extended verification security certificates (EV SSL). Having all that in mind, we can conclude that your data is completely safe with this broker. But to really show you that you don’t have to worry about is TradeStation a scam or a legit company, we dug deeper. The results are just below.
Is TradeStation a Scam? | Licenses
The most important thing you have to check when trying to deduce is a broker trustworthy or not is whether or not it has a license. TradeStation is a fully regulated broker and one of the biggest companies of this kind in the industry, so you can rest assured you will not encounter any frauds here. The broker is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), and its London branch is licensed by the Financial Services Authority, a UK regulatory body, which allows this broker to freely operate on the European market. Apart from this, the company is also a member of several other reputable organizations, like the Chicago Stock Exchange, NASDAQ OMX, Boston Options Exchange and many others, so you can definitely see that you don’t have to worry about a thing. Is TradeStation a scam? No, they are as professional as brokers come!
Is TradeStation a Scam? | Conclusion
As you can see, TradeStation cares a lot about their clients. They made everything possible to protect the information and money of their clients, and you really want to have a broker like that at your side. On top of that, they are a member of some of the most reputable organizations in the world of finance and fully regulated on both sides of the Pond. Therefore, you can trust our firsthand “Is TradeStation a Scam?” analysis – open an account and start trading with them today!