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Stock

Broker

SpeedTrader

About Company

Overview

Information

Review

Unproved

Recommended

Unproved

Recommended

Unproved

Recommended

SpeedTrader

United States

Founded date :

N/A

0 Reviews

No Review

Not enough to calculate score

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Security Information

5.00

Verification on TrustFinance

0.00

Traffic & Engagement

2.67

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Security Information

FINRA...

Regulated

Licenses No: CRD 107403

SEC

Regulated

Licenses No: 8-53035

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

FINRA...

Regulated

Licenses No: CRD 107403

SEC

Regulated

Licenses No: 8-53035

What are the differences in regulations for each ?

Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

Unauthorized

Nov 08, 2566

This broker is not regulated.

News

TrustFinance Intelligence Agency

Research date: May 28, 2025

SpeedTrader, Inc. has settled with FINRA due to violations of best execution obligations, including inadequate reviews of execution quality and failure to maintain a supervisory system. The firm also faced issues with order routing and anti-money laundering compliance. As a result, FINRA has imposed a censure and required SpeedTrader to retain an independent consultant to improve its supervisory procedures.

SpeedTrader, Inc. has settled with FINRA due to violations of best execution obligations, including inadequate reviews of execution quality and failure to maintain a supervisory system. The firm also faced issues with order routing and anti-money laundering compliance. As a result, FINRA has imposed a censure and required SpeedTrader to retain an independent consultant to improve its supervisory procedures.

The website provides a comprehensive guide to direct access brokers, detailing the features, fees, and suitability for various types of traders. It highlights the strengths and weaknesses of top brokers like Interactive Brokers, SpeedTrader, TradeStation, Cobra Trading, and TradeZero, catering to active traders seeking direct market access, low costs, and advanced trading tools. The content also includes FAQs about direct access brokers and their benefits for active trading.

The website provides a comprehensive guide to direct access brokers, detailing the features, fees, and suitability for various types of traders. It highlights the strengths and weaknesses of top brokers like Interactive Brokers, SpeedTrader, TradeStation, Cobra Trading, and TradeZero, catering to active traders seeking direct market access, low costs, and advanced trading tools. The content also includes FAQs about direct access brokers and their benefits for active trading.

SpeedTrader, Inc. has settled with FINRA, agreeing to pay a $165,000 fine for failing to supervise potentially manipulative trading by its customers adequately. The firm did not assess its third-party surveillance system's parameters, leading to ineffective monitoring of trading activities. Furthermore, SpeedTrader's procedures lacked clarity and guidance on reviewing exception alerts for manipulative trading. The settlement includes a censure and additional fines to various exchanges, highlighting significant lapses in the firm's risk management and supervisory practices.

SpeedTrader, Inc. has settled with FINRA, agreeing to pay a $165,000 fine for failing to supervise potentially manipulative trading by its customers adequately. The firm did not assess its third-party surveillance system's parameters, leading to ineffective monitoring of trading activities. Furthermore, SpeedTrader's procedures lacked clarity and guidance on reviewing exception alerts for manipulative trading. The settlement includes a censure and additional fines to various exchanges, highlighting significant lapses in the firm's risk management and supervisory practices.

SpeedTrader, an online brokerage firm, has agreed to pay a $165,000 fine and accept a censure from FINRA for failing to supervise potentially manipulative trading and maintain adequate market access controls. The violations occurred between November 2017 and January 2020, with SpeedTrader not establishing a reasonable supervisory system and improperly relying on a third-party surveillance system. The firm also faced issues with inadequate follow-up on suspicious trading alerts and improper customer credit threshold management. This is not the first regulatory action against SpeedTrader, as it was previously fined $595,000 for similar issues in 2015.

SpeedTrader, an online brokerage firm, has agreed to pay a $165,000 fine and accept a censure from FINRA for failing to supervise potentially manipulative trading and maintain adequate market access controls. The violations occurred between November 2017 and January 2020, with SpeedTrader not establishing a reasonable supervisory system and improperly relying on a third-party surveillance system. The firm also faced issues with inadequate follow-up on suspicious trading alerts and improper customer credit threshold management. This is not the first regulatory action against SpeedTrader, as it was previously fined $595,000 for similar issues in 2015.

This article compares M1 Finance and Charles Schwab, two investment platforms that cater to different types of investors. M1 Finance is known for its easy-to-use interface, zero management fees, and innovative pie investing system, making it ideal for beginners. It allows users to invest with no minimum deposit and offers a variety of account types. In contrast, Charles Schwab is a traditional brokerage with a larger array of investment options and human financial advisors, but it requires a $5,000 minimum to open an account and has higher fees. The article concludes that M1 Finance is more suitable for average investors looking for a user-friendly and low-cost investing experience, while Schwab may appeal to higher net-worth investors seeking more comprehensive services.

This article compares M1 Finance and Charles Schwab, two investment platforms that cater to different types of investors. M1 Finance is known for its easy-to-use interface, zero management fees, and innovative pie investing system, making it ideal for beginners. It allows users to invest with no minimum deposit and offers a variety of account types. In contrast, Charles Schwab is a traditional brokerage with a larger array of investment options and human financial advisors, but it requires a $5,000 minimum to open an account and has higher fees. The article concludes that M1 Finance is more suitable for average investors looking for a user-friendly and low-cost investing experience, while Schwab may appeal to higher net-worth investors seeking more comprehensive services.

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