| Broker | SpeedTrader, owned by Stock USA Execution Services |
| Country of origin | Its headquarters are located in New York. |
| Year founded | 1999 |
| Regulation | This broker is registered and regulated by the following financial regulators:
- FINRA (Financial Industry Regulatory Authority) of United States.
- NFA (National Futures Association) in the United States.
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| Type of broker | It is a stock and options broker. |
| Trading accounts | SpeedTrader offers the following types of trading accounts:
- Single: The personal trading account of SpeedTrader, which allows to trade with all the instruments offered by this broker.
- Joint: A joint trading account whose ownership is shared by more than one person.
- Custodial: These are accounts opened by an adult on behalf of a minor.
- Margin accounts: These accounts are designed for traders who wish to trade on margin.
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| Types of trading instruments |
- Stocks: Stocks and ETF of the major stocks markets in United States and Canada, such as NASDAQ and NYSE.
- Options: Financial options based on shares of American and Canadian markets. In this case these are American style options.
- Bonds: United States government bonds.
- Mutual Funds: The most important mutual funds of United States.
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| Trading platforms | SpeedTrader offers a lot of trading platforms to operate with different investment instruments offered. These applications are:
- SpeedTrader ActiveWeb: A web-based platform designed to trade with shares and options. This application offers Real-Time Level 1 Quote Data, Option Chains, Risk-Management Tools and more.
- SpeedTrader Pro: It is a professional trading platform which specializes in stock and option trading. This application has many trading features such as Fast Trade Executions + Level II, Direct Access Order Routing, Advanced Charting, Supports Multiple Screens and more.
- Mobile Trading Platform & Level-2 Trading iOS App: Is an application designed to trade with shares and options from mobile devices like the iPad, iPhone and other smartphones.
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| Margin account minimum | SpeedTrader's margin account minimum is $2000. |
| Commisions/fees |
- Stock: $0.0044 per share, or $ 4.65 per transaction for accounts with a balance greater than $ 25,000 or $ 6.95 per transaction for accounts with a balance less than $ 25,000.
- Options: $0.50 per contract. Exercise or assignment of contract charges the trader a commission of $ 30.
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| Routing Fees |
- NASDAQ: $0.002
- NYSE: $0.0014
- Edge: $0.002
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| Minimum deposit to open an account |
- $500 for the regular accounts in cash.
- $2000 for margin accounts.
Depending on the financial instrument, the trading account requires the following minimum deposit:
- The minimum account balance is $2,000 to trade with options.
- The minimum account balance is $25,000 to open a day trading account for stock trading.
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| Options to deposit / withdraw funds |
- Wire transfer.
- Credit card.
- Cheque.
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| Demo account | SpeedTrader offers a demo account for a period of 30 days. |
| Promotions |
- The broker SpeedTrader is offering a $100 bonus to those trades who refer a new client who open a trading account and deposit funds.
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| Trading contest | -At the moment this broker does not offer trading contests. |
| Ventajas adicionales para el trader |
- SpeedTrader is a properly registered and regulated broker in United States.
- The client can trade up to 1,000,000 shares per order on our per-trade pricing
- SpeedTrader gives customers direct access to major stock exchanges in the United States and Canada through more than 50 routes.
- Fast trade executions.
- This broker offers various options of trading platforms to trade with stocks and options.
- SpeedTrader offers the possibility to trade in the stock market from mobile devices.
- It offers several options for trader education, including seminars, free webinars, video tutorials and other similar resources.
- Through its website, offers several trading resources as market news, live quotes and price charts.
- Various automated trading solutions.
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| SpeedTrader website |
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