If you no longer want to make trades on TradeStation, you should learn how to close your TradeStation account. First, you will have to transfer all of your money out of it. To make that transfer, you can use TradeStation ‘s Automated Clearing House transfer tool, which is free, or make a wire transfer, which has a small fee, or by having TradeStation mail a check to you.
If you've been trading with TradeStation and have decided to try doing something different with your money then you need to learn how to close your TradeStation account. This article will show you how to do it.
Most methods of closing a TradeStation account don't have any closure fees. That's true for individual accounts, non-IRA brokerage joint accounts, and all other types of accounts. However, if you transfer your assets to another trading firm using ACAT, you will pay a $125 fee.
Before you can close your account, you will need to transfer your funds out of it. If you don't have a bank account or something similar linked to your TradeStation account, you can't make the transfer very quickly. Here are the instructions for linking the accounts:
There are three ways to transfer your money out of your TradeStation account. To use any of them, just follow these steps:
The Smart Transfer option is free. It uses an Automated Clearing House to quickly move your money to your bank. The wire transfer option will cost you $25 to $35, depending on where your bank is located. It's also a very fast option. The check option is free, and it doesn't require you to have a bank account linked to your TradeStation account. However, it will take some time to receive your money that way.
Once you've emptied your TradeStation account, you can close it. To do that, just call a TradeStation customer service agent and say that you want to close your account. You will need to have your account information on hand when you call. There is no online contact option for reaching TradeStation's customer service department.
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