SpeedTrader Review 2024 (Expert Review)

SpeedTrader Review Summary

SpeedTrader is an online brokerage firm that allows clients from outside of the US to open an account. You can sign up for a free account with SpeedTrader. The application process requires you to provide some basic information and a photo ID. The site will send you an email confirming that your account is ready to go. Once you are a member of SpeedTrader, you can practice trading on a virtual practice account with virtual buying power. You can change your trade rate through email. When comparing online brokerage companies, SpeedTrader has a few unique features. First, it offers real-time market data with updates every second. Secondly, it has a centralized trading desk so that orders are routed to other liquidity providers. Besides offering a variety of products and services, SpeedTrader also provides support for most countries.

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SpeedTrader Platform Features

SpeedTrader main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 30000
๐Ÿ•– Time to open a SpeedTrader account 1-3 Days. *A SpeedTrader demo account can be opened in a few minutes, but live SpeedTrader trading account creation times will vary depending on how long it takes to process your SpeedTrader KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

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SpeedTrader Financial Regulation

SpeedTrader is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC).

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SpeedTrader Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using SpeedTrader include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using SpeedTrader can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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SpeedTrader Advantages

One of the main advantages of using SpeedTrader is around the clock service and support as well as research offerings. Not only this, but SpeedTrader has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of SpeedTrader with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with SpeedTrader makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. SpeedTrader offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • SpeedTrader has been in business over 10 years.
  • SpeedTrader offers Stock Trading.
  • SpeedTrader offers Neteller as a payment method.
  • SpeedTrader offers Skrill as a payment method.
  • SpeedTraderoffers Islamic Accounts.
  • SpeedTrader offers a Apple Mac desktop trading platform.
  • SpeedTrader offers Spread Betting.

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SpeedTrader Disadvantages

Although SpeedTrader has a lot of good points SpeedTrader does not offer the below.

SpeedTrader Review Risk Warning: Your capital is at risk.

SpeedTrader Review

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Things to understand when trading with SpeedTrader

Online trading on trading platforms like SpeedTrader have seen huge growth in the last 3 years. Trading with SpeedTrader requires that you take the time to learn how financial markets work and are able to trade with SpeedTrader using in depth technical analysis and SpeedTrader risk management trading tools. Trading with SpeedTrader involves risk. You should only risk capital with SpeedTrader that you can afford to lose. Understand your risk tolerance with SpeedTrader, and have a trading strategy that SpeedTrader is able to help you execute. SpeedTrader is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments SpeedTrader give you access too.

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SpeedTrader Trading Fees

Trading fees on SpeedTrader are taken in the form of the spreads SpeedTrader offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on SpeedTrader. SpeedTrader fees vary depending on the financial instruments traded and can include, SpeedTrader overnight funding fees, spreads, margins and SpeedTrader inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your SpeedTrader account charged by your 3rd party payment provider if your SpeedTrader base currency is different from your SpeedTrader withdrawal method.

NameSpeedTraderIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesvariesNoYes
Deposit FeesNo
Inactivity FeeNoNo
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SpeedTrader Financial Instrument Fees

SpeedTrader fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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SpeedTrader Stock Trading Fees

The majority of SpeedTrader trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A SpeedTrader stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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SpeedTrader Forex Fees

Commission on SpeedTrader Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for SpeedTrader Forex fees is based on their trade size. To calculate SpeedTrader Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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SpeedTrader Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. SpeedTrader cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. SpeedTrader cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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SpeedTrader Non Trading Fees

SpeedTrader non-trading fees include a variety of SpeedTrader brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the SpeedTrader trading platform. The most common non-trading fees include SpeedTrader withdrawal fees, SpeedTrader deposit fees and SpeedTrader inactivity fees.

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SpeedTrader Deposit Fees

SpeedTrader does charge deposit fees in some cases. When funding your SpeedTrader account there may be some SpeedTrader deposit fees which will vary depending on the payment method you use to deposit to your live SpeedTrader trading account.

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SpeedTrader Inactivity Fees

SpeedTrader does charge clients an inactivity fees for dormant SpeedTrader trading accounts. A SpeedTrader inactivity fee is a sum charged on SpeedTrader brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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SpeedTrader Withdrawal Fees

SpeedTrader does charge SpeedTrader clients small withdrawal fees. Withdrawals fees vary between SpeedTrader and SpeedTrader alternatives depending on where you are located and how much money you are withdrawing.

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SpeedTrader Account Fees

SpeedTrader does not charge account fees. Account fees charged differ between SpeedTrader and other brokers. An account is a fee that SpeedTrader and other brokers assesses on all accounts for the ability to keep an account on their platform.

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SpeedTrader Account Opening

The SpeedTrader account registration process is simple, user-friendly, and quick. Within 1-3 Days most SpeedTrader trading accounts are ready for live trades. Our SpeedTrader account was validated in 1 day, but live SpeedTrader trading account verification times will vary depending on the time it takes to process your KYC documents and SpeedTrader trading account application. A SpeedTrader demo account can be opened in a few minutes.

SpeedTrader trading accounts are available in over 194 countries. SpeedTrader is restricted in the following countries.

Apart from the restricted countries a SpeedTrader trading account can be opened globally.

The SpeedTrader trading platform is available for residents in US. Some financial instruments SpeedTrader offer may be restricted in your country.

  • Fast SpeedTrader account opening.
  • SpeedTrader accounts can be opened and KYC can be verified digitally.
  • SpeedTrader minimum deposit is 30000 USD / GBP / EURO.
  • SpeedTrader trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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SpeedTrader Deposit And Withdrawal

SpeedTrader Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by SpeedTrader as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

SpeedTrader offers the following account GBP, USD, EURO.

When trading make sure your SpeedTrader trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. SpeedTrader has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameSpeedTraderIC MarketsRoboforex
Number Of CurrenciesYes104
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SpeedTrader Deposit Fees and Deposit Methods

Investors can log in to their SpeedTrader trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their SpeedTrader trading accounts from an existing bank account or send the funds through a wire transfer or online check.

SpeedTrader Deposit Fees

Making a deposit on your SpeedTrader account is free.

SpeedTrader Deposit Methods

There are several methods through which you can deposit money into your SpeedTrader account. One can use a credit or debit card and SpeedTrader accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your SpeedTrader account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your SpeedTrader account. Funding methods for SpeedTrader include Credit cards, Skrill, Neteller,.

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SpeedTrader Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your SpeedTrader brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open SpeedTrader positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your SpeedTrader account.

NameSpeedTraderIC MarketsRoboforex
Funding MethodsCredit cards, Skrill, Neteller,Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Withdrawal FeevariesNoYes
Deposit FeeVariesNo
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Losses can exceed deposits
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Losses can exceed deposits

SpeedTrader Fees When Withdrawing Your Account Balance

SpeedTrader do not charge withdrawal fees. Some withdrawal fees are out of the control of SpeedTrader and may be due to 3rd party payment providers and your account base currency.

SpeedTrader Withdrawal Methods

Log into your SpeedTrader trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your SpeedTrader account to your bank account. To withdraw money from your SpeedTrader account you can use credit or debit cards. SpeedTrader processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as SpeedTrader processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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SpeedTrader Trading Platforms

As there are a number of tradable financial instruments available on the SpeedTrader trading platform. Before investing in the SpeedTrader platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The SpeedTrader platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. SpeedTrader offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on SpeedTrader is available. Another thing to consider is your financial goals. Make sure that a SpeedTrader account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a SpeedTrader account. Ensure that SpeedTrader allows you to focus on the type of trading that you want to focus on.

Make sure SpeedTrader is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using SpeedTrader, think about how easy it is to use for your personal needs. Does the SpeedTrader platform offer real-time updates or delayed updates that are more informed? Remember to check if SpeedTrader is well regulated, and what tradeable financial instruments SpeedTrader has. Security is very important when it comes to trading with SpeedTrader.

SpeedTrader Web Trading Platform

A SpeedTrader web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through SpeedTrader which acts as a financial intermediary. SpeedTrader is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the SpeedTrader mobile trading platform.

SpeedTrader Apple IOS Trading Platform

A SpeedTrader iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

SpeedTrader Google Play Android Trading Platform

A SpeedTrader Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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SpeedTrader Mobile Trading User Experience

SpeedTrader mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. SpeedTrader mobile trading refers to trading using a mobile phone.

Leading brokerages like SpeedTrader offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire SpeedTrader portfolio. All an investor needs is a Web-enabled smartphone and a trading account with SpeedTrader. Once you have download the SpeedTrader trading app, you are ready to begin.

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SpeedTrader Desktop Computer Trading Platform

A SpeedTrader computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The SpeedTrader desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The SpeedTrader desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

SpeedTrader PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using SpeedTrader. A trading computer with access to a SpeedTrader PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

SpeedTrader Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the SpeedTrader trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the SpeedTrader trading platform is very user friendly on a Mac device.

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SpeedTrader Trading Look And Feel

The SpeedTrader user interface (UI) is what SpeedTrader traders will see and interact with first when trading with the SpeedTrader trading platform. The SpeedTrader is well designed. The goal of the SpeedTrader trading UI is to make the SpeedTrader user's experience intuitive. The SpeedTrader application has good user experience and a good level of customer satisfaction.

SpeedTrader Security

SpeedTrader is a secure trading platform. SpeedTrader offers traders security via 2 factor authentication, SSL encription when trading with SpeedTrader. SpeedTrader trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with SpeedTrader. Rate limitation on SpeedTrader suspicious account activities is another layer of protection that is provided for SpeedTrader trading accounts, for example multiple failed login attempts with SpeedTrader. You have the option to further safeguard your account by using SpeedTrader Two-Factor Authentication (2FA), which provides an extra layer of security.

The SpeedTrader trading infrastructure is constantly watched and guarded by a trained team at SpeedTrader In addition, SpeedTrader never send sensitive information without first encrypting on the SpeedTrader trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On SpeedTrader

Available SpeedTrader order types. # market, limit, stop, stop limit, Good until end of day / canceled.

SpeedTrader Market Order

A SpeedTrader market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. SpeedTrader market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. SpeedTrader market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

SpeedTrader Limit Order

A SpeedTrader limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

SpeedTrader Stop Order

A SpeedTrader stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

SpeedTrader Stop Limit Order

A SpeedTrader stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The SpeedTrader stop-limit order triggers a limit order when a stock price hits the stop level. A SpeedTrader stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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SpeedTrader Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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SpeedTrader Trading Platform Features

Online trading platforms like SpeedTrader are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with SpeedTrader. The SpeedTrader trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using SpeedTrader.

SpeedTrader Margin Trading

SpeedTrader margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, SpeedTrader margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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SpeedTrader Account Types

SpeedTrader Demo Account

SpeedTrader offers demo accounts that gives traders the ability to purchase and sell SpeedTrader financial instruments in a practice environment, using fake SpeedTrader digital money and live market conditions and data. When you practise on a SpeedTrader demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the SpeedTrader platform. SpeedTrader demo accounts allow you to experience and practice a variety of market charts, SpeedTrader trading indicators, and trading strategies using SpeedTrader.

SpeedTrader Standard Account

SpeedTrader offers a standard trading account, allowing SpeedTrader traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich SpeedTrader trading platform.

SpeedTrader Islamic Accounts

SpeedTrader islamic accounts respect Islamic finance law. SpeedTrader swap free accounts do not accumilate interest and SpeedTrader transactions are actioned immediately. A SpeedTrader Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using SpeedTrader following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with SpeedTrader Islamic accounts do not pay or receive interest rates.

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SpeedTrader Tradable Financial Instruments

SpeedTrader tradable financial instruments are the financial instruments that are specifically available to trade on the SpeedTrader trading platform. This refers to the different types of financial markets you can trade with through SpeedTrader. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on SpeedTrader.

NameSpeedTraderIC MarketsRoboforex
CFD TradingYesYesYes
Stock MarketsNo210053
Fractional SharesNoYes
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SpeedTrader Trading Stocks

Stock trading with SpeedTrader is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with SpeedTrader; if you possess the stock on SpeedTrader, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on SpeedTrader involves purchasing and selling stocks and share using SpeedTrader periodically in order to time trades against the stock markets, with the aim of using SpeedTrader to profit from your stock trading. SpeedTrader stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on SpeedTrader. Stock traders on SpeedTrader conduct significant study, frequently dedicating several hours every day to market monitoring using SpeedTrader trading tools.

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SpeedTrader Trading ETFs

What Are ETFs

SpeedTrader does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

SpeedTrader does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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SpeedTrader Trading Cryptocurrencies

SpeedTrader does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by SpeedTrader, so you will need to find a SpeedTrader alternative that allows you to buy and sell the underlying cryptocurrency assets. SpeedTrader CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a SpeedTrader alternative and make sure you undertand the risks fully before trading.

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SpeedTrader Forex Trading

Forex trading with SpeedTrader is a method through which to invest money which involves trading one currency for another in a Forex currency pair with SpeedTrader. The main aim of SpeedTrader Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with SpeedTrader. As a SpeedTrader Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like SpeedTrader. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like SpeedTrader. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on SpeedTrader.

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SpeedTrader Commodities Trading

Commodity trading is a type of trading available on SpeedTrader where individuals or businesses buy and sell financial instruments using SpeedTrader related to commodities, such as metals or oil.

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SpeedTrader Options Trading

SpeedTrader options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. SpeedTrader option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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SpeedTrader Futures Trading

Futures trading with SpeedTrader is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using SpeedTrader to facilitate the trade. A SpeedTrader futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on SpeedTrader. Typically, futures contracts are traded on an exchange such as SpeedTrader; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling SpeedTrader trader to the contract agrees to provide it.

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SpeedTrader Bonds Trading

Bonds trading on SpeedTrader is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the SpeedTrader trader. Bonds can be bought and sold on SpeedTrader after they are issued. While some bonds are traded publicly through SpeedTrader, most trade over-the-counter between large broker-dealers like SpeedTrader acting on their clients' or their own behalf. Yield is therefore based on the SpeedTrader purchase price of the bond as well as the coupon.

SpeedTrader CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameSpeedTraderIC MarketsRoboforex
Forex CFD6135
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDNoYesNo
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SpeedTrader Trading Research Tools

Taking advantage of SpeedTrader trading research tools which are designed to help traders analyse potential investments using the SpeedTrader trading platform. Some SpeedTrader research tools include charts, technical analysis, and SpeedTrader trading indicators.

SpeedTrader Trading News

Traders can follow the markets and make wise investment decisions on SpeedTrader by using the news to help form a strategy when it comes to choosing investments. A SpeedTrader news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

SpeedTrader Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A SpeedTrader economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

SpeedTrader Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. SpeedTrader fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

SpeedTrader Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on SpeedTrader are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

SpeedTrader portfolios

Trading portfolios are useful when trading with SpeedTrader.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A SpeedTrader trading portfolio is a traders collection of investments, which may include a variety of SpeedTrader financial instruments.

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SpeedTrader Payment Methods

A SpeedTrader payment method is required to fund your SpeedTrader trading account before placing a buy or sell order on a financial instrument.

When trading with SpeedTrader, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that SpeedTrader do not have any control over.

NameSpeedTraderIC MarketsRoboforex
Payment MethodsCheque, Wire TransferBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
Try Now

Losses can exceed deposits

SpeedTrader review
SpeedTrader Withdrawl Methods

When trading with SpeedTrader at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your SpeedTrader account balance. SpeedTrader may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your SpeedTrader account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

SpeedTrader Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your SpeedTrader account.

Withdrawal requests can take up to three business days to be processed by SpeedTrader.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your SpeedTrader should arrive in less than 24 hours.

SpeedTrader review
SpeedTrader Customer Support

Customer support represents the resources within the SpeedTrader company that provides technical assistance to its customers after they use the SpeedTrader service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

SpeedTrader offer email, livechat, phone, customer support.

SpeedTrader Email Support

SpeedTrader offers email support.

Email support is a a convenient method of SpeedTrader customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from SpeedTrader regarding your support request.

SpeedTrader Livechat Support

SpeedTrader offers livechat support.

SpeedTrader live chat support is a way for customers to obtain help from SpeedTrader through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

SpeedTrader Telephone Support

SpeedTrader offers telephone support.

SpeedTrader telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the SpeedTrader call centre to give or take information.

SpeedTrader review
SpeedTrader Educational Resources

SpeedTrader educational resources are used throughout the SpeedTrader learning environment to help and assist with customer's development and learning of trading on SpeedTrader. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using SpeedTrader trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

SpeedTrader Trading Platform Tutorials

SpeedTrader offer a range of learning resources and tutorials and guides made available to registered SpeedTrader users. The SpeedTrader guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate SpeedTrader users on basic trading principles.

SpeedTrader Trading Videos

SpeedTrader offer a selection of online trading videos.

Trading videos on SpeedTrader help new and even more experienced investors gain insights into SpeedTrader technical analysis tools and how the different financial markets work when trading on SpeedTrader.

SpeedTrader trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some SpeedTrader training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using SpeedTrader to trade live financial markets.

SpeedTrader Webinars

SpeedTrader offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of SpeedTrader clients who participate by asking questions, replying to polls, and using other interactive technologies available on the SpeedTrader trading platform.

SpeedTrader review
SpeedTrader Financial Regulation When Trading

Financial regulations on SpeedTrader protect consumers' investments. Regulations prevent financial fraud and limit the risks that SpeedTrader as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. SpeedTrader financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is SpeedTrader Regulated?

SpeedTrader is regulated by Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC).

SpeedTrader is licensed by financial regulators in certain jurisdictions. You can find out if brokers like SpeedTrader are licensed in your country, if they have had run-ins with regulators, or received serious complaints from SpeedTrader investors, directly with financial regulators in your country.

SpeedTrader Regulatory Protection Limits

When registering with SpeedTrader you must check with regulatory body your SpeedTrader trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your SpeedTrader account is over seen by. SpeedTrader client funds are stored in segregated 3rd party bank account in accordance with SpeedTrader financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

SpeedTrader Trading Signals

SpeedTrader does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does SpeedTrader make money?

Because SpeedTrader acts as an intermediary, SpeedTrader gets compensated on buy and sell transactions of financial instruments. As a result, SpeedTrader profit is determined by the volume and number of transactions. SpeedTrader earns revenue to fund their SpeedTrader platforms and wide range of trading services through market spreads.

Can you buy shares on SpeedTrader?

SpeedTrader provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. SpeedTrader offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and SpeedTrader on the speculative up or down price movement on an agreed stocks price movement.

Does SpeedTrader offer Cryptocurrency?

SpeedTrader does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

SpeedTrader Lower fees, lower costs?

SpeedTrader have reasonable trading fees and costs. SpeedTrader do not charge a deposit fee. SpeedTrader may charge a withdrawal fee. Some withdrawal fees are out of the control of SpeedTrader and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

SpeedTrader minimum deposit is 30000 USD / GBP / EUR.

How to start your SpeedTrader account?

You can sign up for a live or demo SpeedTrader trading account by visiting SpeedTrader and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an SpeedTrader account here.

How's the SpeedTrader trading app?

SpeedTrader allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the SpeedTrader trading app here. Your capital is at risk

Is the quality of SpeedTrader customer service satisfactory?

SpeedTrader have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

SpeedTrader is a good trading platform for new traders as SpeedTrader offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from SpeedTrader?

SpeedTrader offer a good selection of withdrawal options. Once SpeedTrader have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best SpeedTrader Alternatives Reviews

If SpeedTrader isnt quite what you are looking for you can check out some of the best SpeedTrader alternatives below.

Best SpeedTrader Alternatives In Detail

If you would like to see SpeedTrader compared agains some of the best SpeedTrader alternatives available right now you can do so by clicking on the links below.

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Ashly Chole - Senior Finance & Technology Editor

SpeedTrader Review 2024 (Expert Review) guide updated 21/05/24