SpeedTrader Review and Detailled Analysis 2021

SpeedTrader Review and Detailled Analysis 2021

Home » SpeedTrader Review and Detailled Analysis 2021

SpeedTrader Overview:

    • Regulated: N/A
    • Head Country: United Kingdom
    • Min $2,500 Deposit
    • Operating Since: 1999
    • Type: Market Maker
    • Spread: Variable
    • Commission: From $0
    • Platforms: Spreadex, Web, Mobile
    • Funding: Wire Transfer, Credit/Debit Card, Cheque
    • Spread: Variable

SpeedTrader Review

SpeedTrader is a US brokerage offering premium trading platforms for active traders with a minimum deposit of $30,000. Whilst the fees are competitive, the trading instruments are limited when compared to other online brokers and they do not offer forex, CFD or Crypto trading.

In this detailed SpeedTrader review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

SpeedTrader Overview

SpeedTrader is a direct market access online brokerage primarily for active day traders. They offer competitive commissions for trading stocks and options via flexible and powerful trading platforms with a selection of useful trading tools to choose from.

SpeedTrader is part of Mint Global Markets, founded in 1999 and serving active traders for over 20 years. Mint Global Markets is a New York based online stock broker specializing in online trading services.

SpeedTrader’s brokerage services have been specifically designed with the active trader in mind. They implement the latest market-leading technologies with access to over 25 routing options. They are also able to cater to the specific needs of institutional clients including hedge funds.

SpeedTrader Regulation

Mint Global Markets, Inc. (“Mint Global”) conducts business under the name SpeedTrader. Mint Global is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) scheme in the United States.

FINRA lets investors and firms participate in the financial markets with confidence by helping to safeguard its integrity. It is a non-governmental organisation that regulates member brokerage firms and exchange markets.

The SIPC is an investor protection scheme that was established to help protect clients against the loss of cash and securities in case an online broker cannot fulfil their financial obligations. The SIPC protection is limited to $500,000 with a $250,000 limit for cash.

SpeedTrader’s clearing firm’s policy through Lloyd’s of London (Lloyd’s) provides additional client account coverage up to $24.5 million (including up to $900,000 in cash) per client as defined by SIPC rules.

With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including up to $1 million for cash balances. This coverage does not protect against loss of market value of securities.

SpeedTrader Countries

SpeedTrader accepts clients from the US and some other countries. Check on the SpeedTrader FAQ section for the latest availability in your country. Some SpeedTrader broker features and products mentioned within this SpeedTrader review may not be available to traders from specific countries due to legal restrictions.

SpeedTrader Platforms

SpeedTrader supply traders with a vast choice of powerful and state-of-the-art trading platforms that have been designed for those who trade frequently and thus need an efficient and reliable trading environment. The downside is that the premium platforms require a monthly subscription unless you are meeting specific trading volume requirements. Free trials of the platforms are available upon request.

The SpeedTrader platforms can be used across multiple devices including desktops, web browsers and mobile devices that run on iOS and Android. The mobile and web platforms are very useful for those who need to access their account and manage trades whilst on the go.

SpeedTrader PRO

SpeedTrader PRO Platform

  • Desktop Platform
  • Real-time Streaming Level-2 Quotes
  • Advanced Charting (multiple chart types)
  • Direct Market Access
  • Account Management (Portfolio & Positions)
  • Fully Customisable (save layouts, watchlists, hot keys, stock scanner, etc)
  • Free 14 Day Trial
  • $104 month or free for clients generating $499+ monthly commissions

SpeedTrader ActiveWeb

SpeedTrader ActiveWeb Platform

  • HTML5 Web Platform (runs in any modern web browser)
  • Real Time Candlestick Stock Charting
  • Real-Time Level 1 Quote Data
  • Live Streaming News
  • Online Trading History
  • Trending Data
  • Risk Management Tools
  • Watchlists
  • Multiple Screen Support
  • Direct Access Order Routing
  • $25 per month or free for clients generating $199+ monthly commissions



  • Mobile Platform (trade whilst on the move)
  • Candlestick Charting
  • Real-Time Level 2 Quotes
  • Market Viewer
  • Advanced Charting
  • Order Management
  • News
  • Options Charting


SpeedTrader Takion Platform

  • Advanced Charting
  • Real-Time Level 2
  • Direct Access Routing
  • Options Chains
  • Sophisticated Scanners
  • News
  • Customisable Hot Keys
  • Trade Alerts
  • Basket Trading
  • Portfolio Management
  • API Access
  • Organized Platform

SpeedTrader Trading Tools & Education

The SpeedTrader platforms have a vast array of built in tools to assist with conducting in-depth market analysis and helping traders to reach their full potential. In addition to this, the SpeedTrader website has a selection of video tutorials that will show you how to use SpeedTrader’s various stock trading platforms and software. They also run day trading webinars and stock market educational articles. You may browse through the archive of free webinars and join them for their next event.

SpeedTrader Instruments

SpeedTrader offer stocks (US), options, bonds, and mutual funds. Unfortunately, they do not currently offer forex, CFD or cryptocurrency trading.

SpeedTrader Accounts & Fees

SpeedTrader have flexible pricing options to meet different trader needs. You can choose between per-share or per-trade pricing models, with competitive commission rates.

  • Per-Trade Pricing from $2.95 per trade
  • Per-Share Pricing from $0.0025 per share
  • Options Pricing from $0.30 per contract

SpeedTrader have a $30,000 minimum required to open a day trading account. Accounts that fall below the required minimum will be subject to certain restrictions, and additional funds may be required. SpeedTrader accepts applications for margin and option accounts only – no cash. They do not currently offer debit card and/or checking accounts. The minimum required to open and maintain margin account is $25,000. An inactivity fee of $30.00 per quarter will be charged unless 15 trades per calendar quarter are executed.

  • Corporation
  • LLC
  • Investment Club
  • Formal Trust
  • Partnership
  • Sole Proprietorship

As broker fees can vary and change, there may be additional fees that are not listed in this SpeedTrader review. It is imperative to ensure that you check and understand all of the latest information on the official SpeedTrader website before opening a brokerage account.

SpeedTrader Support

The SpeedTrader customer support team values each and every client the same, ensuring that they take the time to make sure all of your trading needs are met in a prompt and efficient manner. The support team can be reach via email, online chat and telephone. Support hours are Monday-Thursday: 8AM-5PM EST, Friday: 8AM-4:30PM EST.

SpeedTrader Deposit & Withdrawal

SpeedTrader clients can fund their accounts via wire transfer or ACH. This is very limited compared to other online brokers who offer debit/credit card and online payment processor funding. You can also transfer your account from another broker by completing an Account Transfer form (ACAT) for listed securities and sending them a copy of your last brokerage statement.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

SpeedTrader Account Opening

You can open an account using the online application form and submitting it or you can download it, print and sign then email or fax it to them. If you experience any difficulties when completing the application, the SpeedTrader support team will be happy to assist. In order to complete the application, you will need the following to hand:

  • Social security number or Tax Identification Number
  • Valid photo ID: Driver’s license, passport or government issued identification card
  • Bank account information
  • Employer’s address and telephone number
  • Financial information (annual income, liquid and total net worth)

When they have received your completed application and approved your account, they will send you a confirmation email. You can then login to your account, choose from the available funding options and start trading. Account funding instructions will be provided to you at the end of the application process.

SpeedTrader Summary

SpeedTrader is a regulated US broker with a good selection of powerful and advanced premium trading platforms for the professional active day trader. They also have the capabilities for servicing institutional traders. There is an abundance of trading tools provided although trading instruments and funding options are limited compared to some other online brokers. They do not offer forex, CFD or crypto trading or the MetaTrader platform. The minimum account balance quite high at $30,000.

All investing involves risk, including loss of principal invested. Past performance of a security or strategy does not guarantee future results or success.

SpeedTrader Review and Detailled Analysis 2021 Details

Trading Software
Min Deposit
Restricted Countries
Head Country
Broker Type
Price & Leverage
Trading Options & Tools
Comisions & Payment options
Customer Support
5.0 Overall Rating
SpeedTrader Review and Detailled Analysis 2021
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