Regulation and Collateral

ElitePlatforms is the support representative of TradeStation in Israel.

TradeStation is one of the oldest and leading brokers in the US on stand-alone trading platforms on US and international exchanges. The broker is located in the US but maintains a global presence.

Finra supervision on TradeStation can be found on the website under the name TradeStation

https://brokercheck.finra.org/search/genericsearch/grid

We give support to TradeStation customers in Israel. We do not constitute brokerage and your money does not pass through us and not held by us.

Like any other TradeStation customer, an account with federal insurance, will be open in your name at JP Morgan.

You will receive a username and password from TradeStation, not from ElitePlatforms. Your personal reports can be retrieved either from the system itself or from the TradeStation website using your customer’s username and password.

The safety of your funds is very important to TradeStation. You can be assured that TradeStation does not engage in any proprietary trading. TradeStation Securities operates as a subsidiary of parent company, TradeStation Group, Inc., which in turn is owned by Monex Group, Inc. Monex Group is among Japan’s leading financial services companies. Both Monex Group and Monex Securities, its main subsidiary, are subject to stringent oversight by Japanese regulatory authorities. TradeStation is subject to stringent US. industry regulations and account-protection requirements and has continuous reporting requirements that are subject to regulatory review and regular audits. These regulatory requirements include reserve and segregation requirements for your equities and future accounts.

Following are ways of protecting your funds within the TradeStation family of companies:

TradeStation Equity accounts – Held at TradeStation Securities, Inc.

Brokerage firms are required to follow certain rules that are designed to minimize the chances of financial failure and, more important, to protect customer assets if they do fail. For example, the SEC’s Rule 15c3-1 – the “Net Capital Rule” – requires brokerage firms to maintain certain levels of their own liquid assets. The minimum net capital a firm must have on hand depends on its size and business. As of March 31, 2018, TradeStation Securities, Inc. had net capital of approximately $ 89.1 million, which was approximately $ 84.4 million in excess of its required net capital of approximately $ 4.7 million.

In addition, the SEC’s Rule 15c3-3 – the “Customer Protection Rule” – requires brokerage firms that have custody of customer assets to keep those assets separate from their own accounts. In other words, customers’ cash must be placed in a special, separate “reserve” account, and fully paid customer securities must be kept separate from firm and customer margin securities. As of March 31, 2018, TradeStation Securities, Inc. had approximately $ 1.31 billion of customer funds reserved and segregated in bank accounts Clearly identified as customer funds in accordance with Rule 15c3-3. The amount required to be segregated is computed every week and any shortage needs to be deposited before 10:00 a.m. of the following business day. As an additional safety precaution, TradeStation maintains funds in excess of the required amount to be segregated from its own proprietary funds.

Your TradeStation equities accounts are further protected with SIPC insurance. SIPC insures your equity accounts up to $ 500,000, including $ 250,000 for cash. Beyond this, TradeStation has arranged for additional protection through Lloyd’s of London, insuring each account up to $ 24.5 million, subject to a $ 900,000 per account maximum for cash, with an aggregate firm limit of $ 300 million. For more information on SIPC coverage, we encourage you to visit the SIPC website.

TradeStation Futures accounts – Held at TradeStation Securities, Inc.

TradeStation Securities Inc., as a Futures Commission Merchant (FCM) that carries customer accounts, is subject to the Customer Protection Rule requirements of the Commodity Futures Trading Commission (CFTC) Rules 1.20 and 30.7. These rules state that the company is required to maintain sufficient cash and cash equivalents in special reserve accounts, and identified as such, to cover at all times the required segregation reserve amounts. The reserve requirement must be calculated daily and filed electronically through the National Futures Association’s (NFA) web-based WinJammer system. Additionally, the company must also properly segregate these funds from any other proprietary bank account of the company. As of March 31, 2018, TradeStation had $ 605.4 million segregated in accordance with the above CFTC requirements. For detailed information, please see the Firm’s FCM disclosures.

    Contact Us

    Confirms receipt of information