SpeedTrader Review – Is SpeedTrader Legit?

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SpeedTrader REVIEW

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Summary

Created by Mint Global Markets

SpeedTrader is an established low-commissions trading platform

Read 100% Free SpeedTrader Review by Scamorno Team

Details

System SpeedTrader
Website URL www.SpeedTrader.com
Trial Start Trial
Overall Score 9.3/10

FULL REVIEW OF SpeedTrader

Do you want to learn more about the SpeedTrader platform and whether or not you can really put your money and trade with this platform? This platform is touted as the platform that offers trading services for the lowest cost possible, while providing a high level of service. They are best catered for active day traders, investors and stocks/options traders because of their very competitive commission rates. They are also very well-known for fast trade executions and multiple routing options.

Stocks and options traders can take advantage of all the feature provided by this broker. For advanced day traders, SpeedTrader comes with ECN order route options which gives them tremendous advantages in the day trading arena. This gives day-traders the ability to circumvent software platform fees and quarterly inactivity fees due to their high trading activities.

Review Verdict: SpeedTrader is a legitimate platform that works

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How Much Commissions Will You Have To Pay On SpeedTrader Platform?

Right from the time when you sign up, you will have to pick the option between per-share or per-trade commission structure for stock options trading. Per share pricing is priced at $0.0044 + pass-through and ECN routing costs, for accounts that hold at least $25k in balance. Once you have chosen a commission structure, you will not be able to change it afterwards, so you will want to know your trading needs before pick the option. For account balances below $25,000, the per trade option fee starts at $6.95 and then goes back down to $4.49 once your balance has hit a minimum of $25,000.

Which Markets Can You Trade On SpeedTrader?

SpeedTrader is not really known for a huge list of tradable markets. However, what they are really good at is making sure that their traders are able to trade with the best tools on the list of markets that provide access to. They provide plenty of ways for traders to get ahead of other traders and take advantage of all the liquidity on offer.

Even though we don’t have access to global trading on SpeedTrader, we got access to super-fast fills and direct access to more than 25 routing options. Having faster fills mean that you can take advantage of better pricing and be able to profit much more quickly. Do ensure that SpeedTrader offers the markets that you want to trade before you sign up. If you are looking to trade US-available options and US stock markets, SpeedTrader should be a great option for you to get started with.

Review Verdict: SpeedTrader is a legitimate platform that works

Visit SpeedTrader Website

Consumer Fraud Alert Regarding SpeedTrader

The success of SpeedTrader has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are subscribing and should do some research before they join any website. To spot these, watch out and avoid sites that claim to write about SpeedTrader, yet the writeup is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other website other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy join the site from the official website here – http://SpeedTrader.com/Official (link opens in a new window). The official website that they have includes the legitimate platform.

Conclusion about SpeedTrader

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With a whole list of benefits including their competitive commissions schedule, shorting services and suite of trading platforms, we have to say that SpeedTrader is definitely a highly recommend platform on our list. There are more than 4,500+ stocks on its shortlist too, one of the highest in the industry and makes it great for short-sellers. If you too would like to access the top day-trading broker for the past 20 years, then we highly recommend you to learn more about SpeedTrader at the button link below!

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