SpeedTrader Review 2021
 |
||
| SpeedTrader offers online trading in US stocks, options, bonds & mutual funds. | ||
SpeedTrader is broker that offers traders Stocks, options, bonds, mutual funds. Surprisingly, SpeedTrader does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, SpeedTrader has Demo Accounts and Signals but is missing Islamic Accounts, Social Trading and Auto Trading.
Careful traders will be reassured knowing that SpeedTrader is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
SpeedTrader Summary
SpeedTrader offers online trading in US stocks, options, bonds & mutual funds.
Ratings
| Bonus | None |
|---|---|
| Instruments | Stocks, options, bonds, mutual funds |
| Demo Account | ✓ |
| Min. Deposit | $25,000 |
| Min. Trade | One share |
| Regulated By | FINRA, SIPC |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
Binary Options Trading
| Payout Percent |
|---|
FAQ
Is SpeedTrader Safe?
Yes, most likely, as we gave SpeedTrader a trust score of 40% in our review. The main negative factor in this score is that SpeedTrader is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does SpeedTrader Accept PayPal?
No, SpeedTrader does not accept PayPal payments.
Is SpeedTrader Halal?
Probably not, as SpeedTrader does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is SpeedTrader Regulated?
Yes, SpeedTrader is regulated by 2 different regulators: FINRA and SIPC.
The fact that SpeedTrader is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
SpeedTrader vs Other Brokers
If you want to compare SpeedTrader with other brokers, use the detailed comparisons below.
SpeedTrader vs |
||
| SpeedTrader offers online trading in US stocks, options, bonds & mutual funds. | ||