TradeStation Review

TradeStation appears among great brokers in Forex Market, which has been assaulted by FPA in their reviews.
For Jason from New York has claimed:

"They are a den of thieves. Allow to me explain. (preface - TradeStation as a charting/system development package is fine. I also hear their futures and equities trading is ok too.) As far as FX trading is concerned, avoid them at all costs. First & foremost, they outsource FX trading to Gain, which utilizes a hybrid dealing desk. "Hybrid" in the sense that the spread is controlled, they are not an ECN. Spreads are tighter than other dealing desks, but not as tight as ECNs. Since they're charging the same commission as other ECNs, the spreads should be competitive. They are NOT competitive. Now for the real kicker, TradeStation adds 0.5 pip to Gain's spread at all times to all currency pairs (except eur/usd, they add 0.3 pip). You can download the Gain demo and run it simultaneously side-by-side to compare. **TradeStation has the audacity to steal a pip from their clients per r/t trade.** This has been confirmed from multiple sources at TradeStation, the extra pip goes to them. For this "service" they have the audacity of charging an ECN commission. What a joke... Keep in mind Gain's spreads, while tight, do not compare with other retail ECNs (InteractiveBrokers, MBT/EFX, etc). You're effectively paying a commission for a higher spread at Gain, then paying an extra pip to TradeStation! On top of this, they rob you of any interest on idle funds. Inactive funds receive 0% interest. Absolutely ridiculous... To reiterate, TradeStation's FX offerings are a joke compared to reputable ECN brokers. The extra pip they take is blatant robbery. 0% interest just adds to the disgrace. Avoid at all costs. Use an ECN broker."