TradeStation mobile app turns focus to new users

Maria Nikolova

TradeStation adds preview mode to its application for iOS gadgets, targeting users without a TradeStation account.

TradeStation Group, which operates in the US as TradeStation Securities, Inc., has not attracted much media attention over the past several months.

This is partially because it sold its TradeStation Forex (aka IBFX Inc) subsidiary to OANDA Corporation in February last year. Furthermore, just a couple of weeks after the OTC FX accounts transfer, the US Commodity Futures Trading Commission (CFTC) ordered IBFX to pay a $1 million penalty for failing to meet minimum capital requirements, failing to timely report minimum net capital violations, supervisory failures, and violating a prior CFTC Order. To many, these events signified that TradeStation is out of the picture. Which is not the case…

TradeStation Group, a subsidiary of Japanese online trading services provider Monex Group, Inc.(TYO:8698), is offering its clients trading in a raft of securities, including stocks, futures, and options. Moreover, the Japanese market is a key one for TradeStation – in August last year, Monex launched a new version of the TradeStation platform, including a new Japanese stocks trading tool, for its active clients.

In the meantime, TradeStation has been regularly updating its mobile applications – since June 2016, the company has been releasing updates to its iOS app once a month on average. This is a decent rate for an online trading company. Some of the biggest online trading companies update their mobile apps once per six months, with the update description containing the disheartening message “Bug fixes”.

This is not the case with TradeStation, with the latest update (version 3.5) to the TradeStation mobile app for iOS devices showing a focus on potential customers, that is, those who’d like to use the app but do not have an account with the broker.

The company has added a preview mode of the app for users without a TradeStation account. The Preview mode enables users to create custom quotes lists, analyze charts with indicators, drawing objects, etc., and monitor their favorite symbols with delayed data.

Another interesting addition will be appreciated by delayed data subscribers who can now place trades from within the mobile app.

The application is available in English and Japanese.

The solid technological foundation of TradeStation solutions was underlined by Franco Dimuccio, one of the original Tradestation developers, who has provided details on the platform to FinanceFeeds’ readers.

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<