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SpeedTrader(speedtrader.com): Reviews-SCAM

Attention! The company is suspected of fraud

Contact 

  • Site: speedtrader.com;
  • Email: info@speedtrader.com;
  • Phone: 800-874-3039;
  • Office location: USA (NY).

General information

SpeedTrader is an American broker founded in 1999. The company works officially and honestly fulfills the requirements of international law. SpeedTrader is a member of FINRA. There is a link on the platform to check the license. On the official website of the regulator, you can find information about the brokerage organization (address of the headquarters in New York, telephone number, names of top managers, etc.). We found out that JOSEPH LEO ELY is the CEO of SpeedTrader.

The company is also a member of SIPC (Securities Investor Protection Corporation). In the event of force majeure situations, traders can count on damages up to $500,000. The broker has introduced regional restrictions. The site does not provide services to residents of Afghanistan, Mongolia, Sudan, Nigeria and some other countries.

In order to avoid conflicts in the process of cooperation with the company, you need to familiarize yourself with the internal rules and FAQs, where answers to frequently asked questions are given.

How does SpeedTrader offer to make money?

SpeedTrader allows you to start cooperation with a demo account ($100K free for training). If you decide to switch to real trading, you will have to pay for the terminal:

  • SpeedTrader PRO – from $99 per month;
  • Web-Based Online Trading – from $35 per month;
  • SpeedTrader Mobile – from $35 per month.

The site has the ability to trade shares of American companies (commission from $0.0009 per share to $2.49 per transaction) or options ($0.25 per contract). Beginners can count on training: webinars, blog articles. To promote the offer, the brokerage organization uses an affiliate program. There is a $100 reward for each newcomer.

Summing up

There are many positive reviews from real clients on the SpeedTrader platform. What do you think is a good or bad broker? Post reviews under our material and share your personal opinion with other investors.

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