Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      July 9, 2020

Home  >  Online Stock Brokers  >  Trade Station vs Speedtrader

Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

Your Information Is Secure
7 Ways to Lose Money in the Stock Market Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Bicycle Parts

Credit Counseling

Feather Pillows

GMAT Test Prep

GRE Test Prep

Hemorrhoid Relief

Homeschool Supplies

LSAT Test Prep

MCAT Test Prep

Senior Care

Thyroid Health

 

Individual Reviews

TD Ameritrade

Firstrade

Fidelity

Charles Schwab

E Trade

Merrill Edge

Trade Station

Speedtrader

Robinhood

Sogo Trade

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Trade Station vs Speedtrader

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth comparison of Trade Station and Speedtrader.

To see ALL of our reviews for the Best Online Stock Brokers, please Click Here

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews

2020

Online Stock Broker Reviews

3.5 stars
Trade Station

TRADE STATION

Visit Site

Cost:

$5 per stock trade

Minimum Deposit:

$500

TradeStation is headquartered in Florida and has been in business since 1982, which makes it one of the online stock brokers with the longest history. The service focuses on active trading, with apps and other tools designed for traders - by traders.

One of the most noteworthy aspects of TradeStation is the level of trading technology made available. Often only found in the offices and on the computers of stock brokers and professional investors, the platform offers real-time search and tracking, which can be tailored to the needs of the individual investor - to get the jump on hot opportunities before the rest of the market takes notice.

Another handy tool is the TradeStation Simulator. We appreciate online stock brokers that give clients the ability to try out their investing strategies beforehand, with no risk. Especially for people who are new to real-time stock trading, this tool makes it possible to lose everything - without actually risking a penny.

Individual stock trades are priced at $5, with additional options for those who trade in bulk.

It's obvious who TradeStation is geared towards when you look at the awards they've gotten from Barron's: #2 in their Best for Frequent Traders and Best for International Traders lists, and #5 in Best for Options Traders. If none of those three categories applies to you - in other words, you're just an average investor who wants to invest in stocks every so often - you'll probably find a more comfortable experience with one of the other online stock brokers in our review, particularly those that don't focus solely on active trading.

Visit Site
3 stars
Speedtrader

SPEEDTRADER

Visit Site

Cost:

$4.99/trade

$0.0044/share

$0.40/contract on options

Monthly software fees based on platform chosen

Minimum Deposit:

$30,000

SpeedTrader is a division of Mint Global Markets, Inc. and has been serving active day traders since 1999. They give their traders direct market access, allowing for better fills and faster executions through 25+ routing options.

SpeedTrader focuses on two-day trading platforms: Pro and Elite. We strongly recommend that you take advantage of their free platform demo before making your decision. You can also use ActiveWeb and Mobile Trading; those demos are also available under the Platforms tab. Expect monthly fees ranging from $25 to $120 month, depending on which platform you choose; these fees are often waived for clients who generate at least $199 in monthly commissions.

When buying or selling, pricing choices include per-trade, per-share, and per-contract for options.

We also really like that SpeedTrader offers a free, virtual practice account. You'll have to email or call them to set it up, but once you've been given the green light you can download their online trading software and use your "virtual buying power" to make sure you understand how both their platform and active trading work.

What SpeedTrader does - active day trading - it does very well, with numerous options for platforms and pricing. However, for the average investor looking to manage a retirement account or invest in the market for personal reasons, SpeedTrader will not be an appropriate choice.

Visit Site

Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

Penn National Gaming Stock Can Hit the Jackpot as Online Gaming Soars

Penn stock remains on an excellent long-term trajectory as online gaming surges. In fact, shares may still be cheap compared to rivals.

Published:  Tue, 07 Jul 2020 12:55:03 GMT



Why Senmiao Technology's Stock Is Trading Higher Today

Senmiao Technology (NASDAQ: AIHS) shares are trading higher on Wednesday after the company announced it has signed an investment agreement with Hongyi Industrial Group for roughly $7 million in the ...

Published:  Wed, 08 Jul 2020 08:12:18 GMT



"There's No Way I Can Lose': Inside China's Stock-Market Frenzy

Like millions of amateur investors across China, Min Hang has become infatuated with the country's surging stock market."There's no way I can lose," said the 36-year-old, who works at a technology ...

Published:  Wed, 08 Jul 2020 15:15:00 GMT



A Guide To Investing In The Indian Stock Market During Coronavirus

High levels of market volatility bring both big risks and big rewards. Does the coronavirus pandemic present an opportunity for investors to invest in the Indian stock market? We spoke to analysts ...

Published:  Tue, 07 Jul 2020 05:21:00 GMT



Wayfair (W) Stock Sinks As Market Gains: What You Should Know

Wayfair (W) closed the most recent trading day at $221.48, moving -1.78% from the previous trading session. This change lagged the S&P 500's daily gain of 0.78%. At the same time, the Dow added 0.68%, ...

Published:  Wed, 08 Jul 2020 17:16:00 GMT



Why Sea Limited Stock Just Popped 10%

Shares of Singapore-based e-commerce, payments, and online gaming company Sea Limited (NYSE:SE) continued their fantastic run higher on Wednesday, rising more than 12% in early trading and remaining ...

Published:  Wed, 08 Jul 2020 15:33:00 GMT



Boohoo stock tumbles 30%, wiping $1.25 billion off its market value, after an explosive report into working conditions at one of its factories

The UK's fastest-growing online retailer Boohoo saw its shares tumble 30% over two days after it acknowledged that poor working conditions at a ...

Published:  Tue, 07 Jul 2020 03:40:00 GMT



Bed Bath and Beyond Earnings: BBBY Stock Falls 10% on Poor Q1 Performance

Bed Bath and Beyond (BBBY) earnings for the retail company's fiscal first quarter of 2020 have BBBY stock falling after-hours Wednesday.

Published:  Wed, 08 Jul 2020 18:00:58 GMT



In a stock market teeming with bloated valuations, this could be "the most expensive stock on Earth'

Nortel, Research In Motion/BlackBerry, Valeant - "the history of being of the largest growth stock in Canada has not been great for shareholders," ...

Published:  Mon, 06 Jul 2020 10:40:48 GMT



Levi Strauss Reports Earnings Today. Its Stock Needs Good News.

Levi Strauss & Co. will report earnings after the close of trading and investors will be hoping for some good news to offset the denim maker's nearly 30% year-to-date slide.

Published:  Tue, 07 Jul 2020 08:48:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure