SpeedTrader Review

Alyaziah Hayat | May 26, 2022

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. You can compare their services to other top brokers through our broker ratings.

Broker Pros / Cons
  • Strict regulation
  • Securities Investor Protection Corporation (SIPC)
  • Premium trading platforms
  • Range of trading tools
  • Minimum $30,000 deposit
  • No forex, CFD or crypto trading
  • No MetaTrader platform
  • Restricted leverage
  • No online payment processors


SpeedTrader is a direct market access (DMA) online brokerage primarily for active day traders. They offer you 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 several 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. I like how 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.


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.

I like how FINRA lets you 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 you 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. However, I recommend going through their terms and conditions since they’re pretty specific on who is eligible for this compensation.

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. However, you should know that this coverage does not protect against loss of market value of securities.

SpeedTrader accepts clients from the US and some other countries. Check on the SpeedTrader FAQ section for the latest availability in your country. If your country is not accepted by SpeedTrader, you should check out our broker comparison tool for alternatives.


SpeedTrader supplies you 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. Though I was quite disappointed to find 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 of you who need to access their account and manage trades whilst on the go. I would’ve liked to see them offer their services on the MT4 and MT5 as well like other top brokers such as InstaForex.

SpeedTrader PRO

SpeedTrader PRO Platform

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

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

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


The SpeedTrader platforms have a vast array of built in tools to assist you with conducting in-depth market analysis and helping you to reach your full potential. In addition to this, I also like how 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 offers stocks (US), options, bonds, and mutual funds. Unfortunately, they do not currently offer forex, CFD or cryptocurrency trading. For a better selection of trading instruments, you should check out Swissquote.


SpeedTrader has 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 has 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. I find these conditions to be quite harsh as compared to other top brokers like FXTM.

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


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. I don’t like how they don’t offer 24/7 support as compared to other top brokers like Plus500.


SpeedTrader clients can fund their accounts via wire transfer or ACH. I find this to be very limited compared to other online brokers like IronFX which offers debit/credit card and online payment processor funding. I like how 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.


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.


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


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. I like that there is an abundance of trading tools provided although trading instruments and funding options are limited compared to some other online brokers like RoboForex. They do not offer forex, CFD or crypto trading or the MetaTrader platform. The minimum account balance is quite high at $30,000. I recommend checking out the best trading platforms for better alternatives.

SpeedTrader Logo

Min $30,000 Deposit

SpeedTrader is a US broker offering premium trading platforms for active traders with a minimum deposit of $30,000. Whilst the fees are competitive, the trading instruments are limited & they do not offer forex, CFD or Crypto trading.

All investing involves risk, including loss of principal invested.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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