SpeedTrader is a wonderful and revolutionary trading platform aimed at traders who require more advanced tools. It offers the absolute highest level of trading services and industry insiders praise it exclusively for its fast execution as well as a variety of routing options. This SpeedTrader review showcases just why SpeedTrader is one of the best trading platforms of all time for day traders.
It is an extremely fast platform which makes it perfect for those who are wanting to begin day trading. There is a minimum deposit that sits at $30,000, however, day trading requires at least $25,000 of equity per US regulation. At this point, SpeedTrader is best for:
- Day traders
- Full-time traders
- Those who are looking for 24/7 support
If you are looking for the ideal platform to help you make money with day trading, SpeedTrader is here to help and exceed your expectations. It is designed for advanced traders who want to obtain solid, reliable, and direct access to an online broker. You can gain access to it via multiple platforms, and it utilizes the Das Trader trading software. If you are a trader who requires more advanced tools to facilitate your day trading, SpeedTrader is the one for you.
It provides state of the art tools including a huge range of routing options and shortlists. Now, let’s take a look into the pros and cons of SpeedTrader to figure out if it is the right platform for you. While you are at it, check out this ForexSignal review.
The pros and cons of SpeedTrader
SpeedTrader has been operating in the day trading world since 1999. It is based out of New York and is part of Stock USA Execution Services Inc. It is aimed specifically at day traders who require far more advanced tools that will help to maximize their profitability. Most reviews on SpeedTrader specifically highlight the flexible fee structures, however, many think it is more confusing than not.
That is why SpeedTrader is not often recommended for beginners. There is a quite steep learning curve which is why first-time users should have adequate experience in the field. Prior day trading experience is an absolute necessity if you want to use this platform to its true potential. While there are many people who can use SpeedTrader, it is mainly aimed at active veteran traders.
The fees of SpeedTrader favour people who make regular trades with $30 inactivity fees being charged if fewer than 15 trades are made per quarter. That means that the more trades you make, the better deal you get. Now, let’s look at the pros and cons.
- Hotkey customization
- Extremely fast day trading platform
- Low trading fees
- Free 100k demo account
- Fees can become expensive
- Limited mobile trading
Is SpeedTrader the right platform for you?
SpeedTrader is believed to be the number one trading platform for the experienced trader who is in need of a more advanced platform. When compared to other brokerages, people can extract far more value from this great, lightning-fast platform. Create an account with SpeedTrader and try out the 14-day free trial of SpeedTrader Pro.