Speedtrader

BASIC INFORMATION:

SpeedTrader is an online brokerage aimed at active clients. Users can trade US stocks and options through a high-speed web platform and mobile app. SpeedTrader is a New York-based online broker established in 1999. The company is part of Mint Global Markets and is registered with FINRA & SIPC.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKETS

SpeedTrader has a relatively narrow product range with users only able to trade US stocks, options, bonds, and mutual funds.

SPREADS & FEES

SpeedTraders commission structure permits clients to choose between a per trade or per share charge. Per-trade pricing begins at $2.95, per-share at $0.0025, and options pricing at $0.30 per contract. An inactivity fee of $30.00 will also be charged to accounts if fewer than 15 trades are executed per quarter.

See the Commission Fees section of the website for further details.

LEVERAGE

Leverage up to 1:400 is available and 1:200 on overnight trades.

ACCOUNT TYPES

SpeedTrader offers two account plans for stocks and options trading – COR and ETC. The COR account offers per trade and share options. The ETC account offers only per-share trade options. The price structure on the ETC account starts at $0.0039 per share. Fees on the COR account begin at $3.95 per trade and $0.00039 per share.

PAYMENT METHODS

Funding your SpeedTrader account can be done via wire or electronic transfer. Domestic transfers (US) will take up to 24 hours to clear, and international transfers up to 48 hours. The minimum deposit is $30,000 and the maximum daily deposit permitted is $50,000.

Withdrawals can be requested via electronic transfer or check. Electronic transfers are free of charge while checks may be charged an overnight delivery fee of $40.00. Overnight delivery cannot be made to international addresses.

DEMO ACCOUNT

SpeedTrader offers users a 14-day free trial of the PRO platform.

TRADING HOURS

SpeedTrader platforms are available to view 24/7, however trading hours follow general market opening and closing times. Standard US trading hours are from 09:30 to 16:00 local time, Monday through to Friday.

CUSTOMER SUPPORT

Customer support is located in the bottom right of the homepage. Help is available via:

· Email – info@speedtrader.com

· Phone number – 800-874-3039

ACCEPTED COUNTRIES

SpeedTrader accepts traders from Australia, Thailand, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Luxembourg, Qatar and most other countries.

Traders cannot use SpeedTrader from Afghanistan, Albania, Algeria, Angola, Belarus, Cambodia, Canada, Congo, Cuba, Korea, Ethiopia, Ecuador, France, Ghana, Indonesia, Iraq, Jamaica, Kenya, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Mongolia, Namibia, Nepal, Nicaragua, Nigeria, Pakistan, Sao Tome and Principe, Somalia, Sudan, Syria, Tajikistan, Tanzania, Turkey, Viet Nam, Yemen, Zimbabwe