Published by Blain Reinkensmeyer
On Tuesday, February 23rd, 2016
Blain has been involved in the markets for over 15 years, heading StockBrokers.com broker research and reviews. His personal blog, StockTrader.com, provides education articles as well as to-the-point market recaps to over 17,000 subscribers.
* - SpeedTrader did not to participate in the 2016 Online Broker Review. As a result, there are no current ratings to display.
SpeedTrader 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 did not participate in the 2016 Online Broker Review, as a result the following data may not be up to date.
All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.