The SpeedTrader company invites intraday traders to cooperate. She talks about 20 years of experience in global stock exchanges. SpeedTrader guarantees fast execution of orders and minimal commissions, but how are trades actually carried out? Today we will tell you what the broker does, whether it is worth registering on its website.
Project analysis
On the site of the exchange intermediary, you can find loud statements regarding powerful trading platforms and a convenient demo account. A beginner can try his hand at demonstrative trading. To do this, you need to go through a quick registration, enter your name and email address. After authorization, the exchange player gets access to his personal account. With the help of special buttons, he will be able to manage personal funds.
Broker speedtrader.com claims many years of experience in exchange trading. According to employees, this brand has been serving promising traders for more than 10 years. Each registered player gets full access to analytical tools and working platforms. All this allows you to unlock the trading potential of a market participant. Among the legal documents, only an exchange agreement is presented; no licenses or certificates were found.
The audit showed that the hosting was originally launched in November 1998 and updated in December 2020. There is a possibility that the brand works on the purchased site, which changed according to the needs of the target audience. The firm claims to have been in business for about 18 years, provides flexible pricing and strives to meet any client needs. The stated period of work does not at all coincide with the date of founding or updating the hosting.
This fact suggests fraud, casts doubt on the honesty of the project.
What advantages does the broker talk about?
The exchange intermediary positions itself as a reliable company for active traders. He talks about the advantages that should attract a potential client to invest in a brokerage system. The market player is offered access to advanced technologies, exceptional quality of service. Among the positive aspects of SpeedTrade are:
- Fast data transfer with 25 routing options. The trader gets instant access to the market, he can make any transactions in a split second.
- Relatively small commissions that allow you to save the invested capital. Competitive commissions are charged per share or per trade.
- Advanced trading platforms that run on any device. The trader gets free access to the market regardless of his current location.
- The client is provided with integrated locations. The company provides access to several search services.
- The market player is promised unrivaled support. You can contact the brand staff by phone or email.
- Institutional services for experienced market players. The client will receive powerful tools for a full analysis of global markets.
The company colorfully describes its positive aspects, wishing to attract as many active players as possible. She invites you to start investment activities on her trading platforms. Before replenishing the starting capital, it is recommended to check the real quality of service. An exchange player can read comments on the network, read legal documents.
Online trading with SpeedTrader
To begin with, the market player is offered to try out the demo mode. This is a simulation of real trading activity, during which you can test your potential opportunities on a simulated account. The trader will place his own trades, run scans of global markets and analyze price charts. All this is available free of charge, immediately after registration in the brokerage system.
The client gains free access to advanced charts in real time. He gets the opportunity to trade on several time intervals at once. The trader will monitor the intraday activity of the selected financial instrument. He has access to technical indicators and fundamental news to analyze world markets.
The trading conditions of the exchange intermediary are presented in the table:
| Account currency | US dollar |
| Starting capital | From $2,500 |
| Leverage | Calculated individually |
| Spreads | None |
| Financial assets | Stocks, options, ETF |
| Commissions | From $0.002 per share |
SpeedTrader Platforms: Overview of Available Programs
The company offers to use the SpeedTrader PRO software. It is a solid second layer platform that ensures fast execution of trades.
It provides the ability to route direct access orders and has other notable features:
- Multiple screen support is provided.
- The stock chart is delivered in real time.
- Several types of indicator programs and charts are available.
- One-click trading with hotkey support.
The brokerage company has developed several programs available for a personal computer, mobile phone or tablet. The exchange player can take advantage of market data and advanced features. The client is offered order routing with direct access to the world market. The intermediary announces the creation of a universal trading station. The firm promises to provide advanced features that enable efficient market trading.
What do SpeedTrader clients say? Reviews online
Among client comments there are frank complaints. Market players believe that this office is not at all a leader in its industry. Among Forex brokers, you can find more suitable options for cooperation. Support consultants are very rude and do not want to solve the issues that have arisen. They do not explain anything, leaving the client alone with technical problems.
Some market players are satisfied with the quality of service provided. They had a positive impression of cooperation with speedtrader.com. Reviews point to flexible rates, among which you can find your best option. At the start of the trading activity, the commissions are large, but over time they can be adjusted. Paid routing easily pays for itself after making numerous transactions.
The exchange intermediary has an ambiguous reputation. The obvious disadvantages include blocking your personal account. The employees asked for a copy of the passport, but after the translation of the documents they stopped communicating. Some stock players consider the company a worthy representative of their industry. The positive aspects include decent conditions for cooperation, the absence of serious problems.
The exchange intermediary has an ambiguous reputation. The obvious disadvantages include blocking your personal account. The employees asked for a copy of the passport, but after the translation of the documents they stopped communicating. Some stock players consider the company a worthy representative of their industry. The positive aspects include decent conditions for cooperation, the absence of serious problems.
Can I make money with SpeedTrader?
Despite a fairly large number of positive reviews, we have doubts about the honesty of this brokerage project. Checking the hosting showed that its creation date does not match the declared age of the company. In addition, there are negative comments on independent resources describing the blocking of accounts and other fraudulent actions of the company. A trader should carefully approach the choice of a brokerage project, independently check legal documents before replenishing an account.
