Looking for the best and most popular brokerage services to trade U.S stocks outside the United States? Or you need a broker to help evade your certain regulations? Or perhaps, you’re a beginner trader looking to kickstart your stock trading career, and equally on the search for the best online broker with powerful trading tools and solutions? SureTrader is one of the best online stock broker in the game; a big fish in a big pond.
Established in 2008, SureTrader as a division of Swiss America’s Securities, Ltd became fully operational in 2011. Barely a year after, the company became pretty popular, averaging 30,000 transactions as at May 2012. Now, the company boasts of over 20,000 clients, 12,000 trades per day, and over 60 licensed and experienced employees.
SureTrader is particularly renowned as a low-cost brokage that allows traders below the $25,000 PDT level begin trading with the little amounts they have — as low as $500.
SureTrader is a great online broker to consider if you are looking for low-cost brokerage.
Let’s have a look at some of the highlight features of SureTrader under the headings below.
SureTrader: Platforms and Tools
Sure Trader has three platforms/tools available to traders:
- SureTrader Pro, and
- SureTrader Mobile App
ActiveWeb is a web-based platform of SureTrader that is completely free to use i.e zero monthly charges, zero hidden charges. It is also super easy to use, navigate, and understand. This is the most basic platform of Sure Trader and it gives users access to all the tools required to kickstart trading e.g watchlists, level 1 quotes, basic order entry and intraday charting, time & sales, profit and loss display etc.
Per trade rates, ST charges as little as a cent per minimum share of $4.95 on its ActiveWeb trading platform.
This is SureTrader’s premium and advanced trading platform. With a monthly access cost of $49, users get access to more complex (read: not beginner-friendly) and advanced trading tools, more functionalities, and customization options. Speaking of customization, SureTrader Pro allows users tweak languages as it supports numerous languages like English, Russian, and Chinese.
This Pro platform adopts state-of-the-art direct-access software (DAS) to allow users scan the stock market, trade faster via point-and-click, while also providing real-time stock news. SureTrader Pro was designed (and perfected) with the average professional day trader mind. Features of the Pro platform includes level 2 market depth, hotkey order execution, window linking and customization, customizable shortcuts, time and sales, profit and loss display, quote list, orders trades etc.
SureTrader Mobile App
SureTrader has a mobile app which is more of a convenient utility for traders who are mostly or always on the go but still want to monitor their trades and receive quotes. With SureTrader’s app, you can also place orders/trades and view your account status while you are in a bus, on a train, aboard a plane, anywhere! As long as your mobile device has a reliable internet connection.
If you are subscribed to SureTrader’s Pro platform, the Mobile App is absolutely free to use with no monthly or hidden charges. However, to use SureTrader’s app together with ActiveWeb will warrant a monthly charge of $35 USD. Presently, Sure Trader’s Mobile app is supported on iOS devices only (iPhones and iPads) and is downloadable on the Apple App store. It is fast, responsive, and just as secure as trading the Pro or Desktop version.
Commission and Rates
Sure, trade rates and commissions among many other brokers are very competitive but SureTrader has one of the lowest commission rates. The fact that SureTrader doesn’t charge routing fees is also noteworthy. On SureTrader, rates are ranked by volume and the higher your monthly trade volume, the cheaper your commissions become. See the company’s commission rates per volume in the image below.
Other features and Benefits
Free Demo Account
If you are a trading newbie looking to get your feet wet and dip your toes in water, SureTrader gives you the platform to needed platform to test the waters with its $100,000 Free Demo Account.
High Accounts Security
Apart from securing users accounts and data with cloud-based Site Lock and Secure Socket Layer (SSL) protection, ST is also regulated by the Securities Commission of The Bahamas to ensure compliance with regulations and standards.
Enhanced Trading Leverage
Another of the feature that makes Sure Trader the go-to brokerage among stock traders is the enhanced level of leverage it offers. With SureTrader, on marginal securities of Iver $3, users will enjoy an intraday leverage of 6: 1 and an overnight leverage of 2:1.
Fast Order Executions
Need your trade to go live immediately you send the order? Sure Trader offers one of the fastest order execution in the industry.
There are many brokers in the proverbial stock trading pond where SureTrader is a big fish and stands out for so many reasons: competitive pricing, wide range of products, zero routing fees, great customer services, 6:1 leverage, bypasses Pattern Day Trading (PDT) rule and trading limitations, and ability to trade with a minimum of $500 USD and many more.
Be you a beginner or a professional, a full-time or part-time trader, got small money or big money, SureTrader has the tools and capabilities to get you started and get you going.