Negotiable commission rates for active clients.
No research tools or education; basic DAS Trader WEB platform minimalist solution; expensive options exercise and assignment fees; numerous fees associated with other platforms.
|Commissions & Fees||N/A|
|Platform & Tools||N/A|
|Ease of Use||N/A|
2013 Review Star Ratings
N/A - Not Applicable
|N/A||Commissions & Fees|
|N/A||Platforms & Tools|
N/R - Not Ranked in Top 10
N/A - Not Applicable
Compare SpeedTrader to Key Competitors
Trade Commissions Breakdown
|$6.95||Flat-Fee Trade Plan*|
|N/A||Per-Share Trade Plan|
|N/A||Options Base Trade Fee*|
|N/A||Options Exercise Fee|
|N/A||Options Assignment Fee|
|$50.00||Mutual Fund Trade Fee|
|N/A||Broker Assisted Trade Fee|
|N/A||Bond Trade Fee|
|N/A||Treasury Trade Fee|
|N/A||Certificate of Deposit (CD) Trade Fee|
|N/A||Interactive Voice Response (IVR) Phone Trade Fee|
|N/A||IRA Annual Fee|
|N/A||IRA Closure Fee|
|N/A||Forced-Margin Sellout Fee|
|N/A||Returned ACH Fee|
|N/A||Returned Wire Transfer Fee|
|N/A||Stock Certificate Processing Fee|
|N/A||Stock Certificate Delivery Fee|
|N/A||Paper Statement Fee|
|N/A||Paper Confirmation Fee|
|N/A||Outgoing Domestic Wire Transfer Fee|
|N/A||Outgoing International Wire Transfer Fee|
Commission NotesSpeedTrader has two main platforms: SpeedTrader 2.0 (Free) and SpeedTrader PRO. PRO costs start at $49.00 per month unless $49 spent in commissions that month. There are additional market feeds that be purchased for extra. All accounts are subject to a $30 quarterly inactivity fee if less than 15 trades are placed in the quarter.
Stock Trades - SpeedTrader offers two sets of commission rates for trading equities. Plan A offers $6.95 flat rate trades. Plan B offers a $.0039 per share rate with a $.99 minimum order.
Options - Options are $1 per contract, no minimums. Option exercise and assignments are $30 each.
Mutual Funds - Are supported at a minimum charge of $50 per transaction and must be phoned in.
Other Offerings - SpeedTrader also offers futures and forex trading.
Retirement accounts - Are supported but there is a $25 setup fee and a $35 yearly maintenance fee.
SpeedTrader was reviewed by Blain Reinkensmeyer on 2013-02-19.
Misc. Account Information
|N/A||No. of Commission-Free ETFs|
|N/A||No. of Retail Locations|
|N/A||No. of Mutual Funds (w/ Load)|
|N/A||No. of Mutual Funds (No Load)|
|N/A||No. of 3rd Party Research Report Providers|
|N/A||Max. No. of Legs (Complex Options)|
|No Minimum Deposit|
|No Maintenance Fees|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
|Long Term Trading|
|Credit Card Accounts|
|Debit Card Accounts|
Trading Platform Features
|Web Browser Platform|
|Windows Desktop Platform|
|Mac Desktop Platform|
Active Trading Features
|Direct routing offered to clients|
|Broker receives payments for order flow|
|Broker internalizes trades|
|Clients receive rebates for adding liquidity|