SureTrader Review 2018
If you have looked for a way to do day trade stocks & options with up to a 6:1 leverage and a minimum deposit of only US$ 500, now you can do so with SureTrader. SureTrader is a great online broker to consider if you are looking for low-cost brokerage.
By now they are among the best and most popular brokerage services for international traders trading U.S.-stocks and options outside the United States.
SureTraders advanced trading software allows traders to view real-time market data and more for instant transactions, just like a professional institution.
Powerful trading tools offer instant access to multiple charting features and advanced order types, enabling investors to track and to respond quickly to events and news in the market.
With pre-market trading and post-market trading investors may react immediately to market news or to events all through the day, even when regular market hours are over.
Background information about SureTrader
SureTrader was established in 2008. As a division of Swiss America Securities Ltd., SureTrader is regulated by the Securities Commission of the Bahamas.
The Corporate Address is:
Swiss America Securities Ltd.
Elizabeth on Bay Plaza Bay Street, Suite 17
P.O. Box N8340
With 20,000 clients and more than 8,000 trades per day, SureTrader offers its clients competitive pricing and services.
Most online brokers require a minimum deposit of US$ 25,000 to allow their clients intensive day trades. With less than US$ 25,000 in an account and with more than four trades within five business days, most brokers bar their clients from day trading for a certain period of time.
SureTrader, on the other hand, allows its clients to day trade without limitations set by the pattern day trading rule. The minimum deposit is US$ 500 and securities above US$ 3 may be traded with a 6:1 leverage during the day.
Keep reading the SureTrader Review to find out more about this online broker and their services …
SureTrader trading platforms
SureTrader clients may choose from three different trading platforms:
SureTrader Active Web may be used completely free of charge
There is no monthly platform fee and free real-time market data is included as well (Level 1 Nasdaq and Level 1 NYSE + AMEX Data). Since SureTrader Active Web is 100% web-based, traders can use it everywhere and have access to streaming real-time data.
This makes it easier for traders to place their orders.
The web-based platform has been created for day traders who need to place their orders quickly and accurately. With real-time quotes provided for free traders may also use the watch list and the charting feature.
Quite often day trading is based on news with a significant impact on market movements. That’s the reason why SureTrader give their customers access to live streaming Bloomberg news.
SureTrader Desktop / Pro – designed for professional day traders
Traders who need more functionality and widerg customization options, charting capabilities and market depth may opt for SureTrader Desktop / SureTrader Pro.
With SureTrader Pro, traders make use of a state of the art direct access software that allows users to scan the stock market and to trade via point-and-click.
Thus traders can place their orders even faster. With advanced features, like advanced charting, window linking, real-time profit and loss information, and with customizable shortcuts traders enjoy using this professional software for US$ 49 per month (plus exchange fees).
SureTrader Mobile for day trading everywhere
Probably every trader has a mobile device. With SureTrader Mobile provides a convenient solution for day traders to watch their account status and allowing them to receive quotes directly on their mobile devices.
But that’s not all.
Traders may also place their orders by using the mobile app. At the moment, SureTrader Mobile is available for iOS via AppStore/iTunes.
Traders who want to use SureTrader Mobile along with SureTrader active web pay a monthly fee of US$ 35.
Customers who have already subscribed to SureTrader Desktop/Pro may use SureTrader Mobile for free along with their SureTrader Desktop/Pro subscription.
- Trade Rates
- Software Fees
- Miscellaneous fees
SureTrader Commissions and Trade Rates
The trade rates of this online broker are very competitive. When compared with other brokers and banks, SureTrader helps private investors to avoid paying too much in trade fees.
Remember, every dollar paid for trading fees is a dollar that must be compensated by better performance.
For especially active traders SureTrader offers a rate per share traded of 0.4 cent per share with a minimum of US$ 1.95. The tiered commission rates per volume in detail are:
Rate per Share
Minimum rate per Trade
High volume traders may join the Active Trader Program by sending an e-mail to: firstname.lastname@example.org
A majority of private investors doesn’t meet this criteria, so 1 cent per share is the way to go for them, a very good rate when compared with other stock brokers.
As already mentioned clients have the choice from among three different trading platforms: SureTrader ActiveWeb, SureTrader Desktop (also known as SureTrader Pro) and Sure Trader Mobile.
While SureTrader ActiveWeb is free of charge (including Level 1 Nasdaq, NYSE and AMEX Exchange Data), SureTrader Desktop costs US$ 49 per month while additional fees for market-depth – Level 2 data-apply – depend on one’s individual needs regarding the market data may rise up to US$ 310.
But it is almost impossible for an average private investor to use or need all these subscriptions. SureTrader is absolutely transparent about pricing, and users find a comprehensive overview of software fees on the company’s homepage.
SureTrader Desktop (Pro) including Nasdaq Total View (Book Depth) costs US$ 109 per month, while SureTrader Desktop including CME Futures costs US$ 139 per month, just to name two examples.
Some miscellaneous fees may apply. Traders pay US$ 40 for every withdrawal. There is also a quarterly US$ 50 inactivity fee for traders with less than 15 trades per quarter.
If the traders use the margin to day trade and also if they hold their positions overnight, additional fees apply.
Top 9 Advantages of SureTrader
SureTrade created a great information graphic showing the main benefits and providing even more detailed information about their well designed website.
SureTrader Review | Final Thoughts
There are not that many opportunities for traders around the world to day trade U.S. stocks intensively with less than US$ 25,000 of capital. SureTrader allows traders to open an account with a US$ 500 minimum deposit to trade with a 6:1 leverage (US$ 500*6=US$ 3,000 buying power).
There are other online brokers offering competitive trading rates, like 1 Cent per traded share, but the unique advantage of SureTrader is based on the fact that other brokerage companies cannot offer that rate combined with a US$ 500 minimum deposit.
That’s SureTraders unique selling statement and it makes SureTrader one of the best online brokers and trading platforms outside the United States. SureTrader is a leading online stock broker offering a free demo as well as a bonus of up to US$ 50 in free trades for new accounts.
Best in class Trading Tool:
Traders focused on strategy development, based on Artificial Intelligence and a fully automated trade execution of those strategies, should take a closer look at Trade Ideas Pro. Free educational material and hundreds of trading strategies and trade ideas may be explored here. Continue reading the comprehensive Trade Ideas Review.
SureTraders Advantages and disadvantages
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Frequently asked Questions
How does SureTrader protect and insure client funds?
The company behind SureTrader is Swiss America Securities, Ltd. Swiss America Securities holds Financial Institution Professional Liability Insurance through American Home Assurance Co. The latter is an affiliate of AIG and authorized for business in the Bahamas. The liability limit is up to $ 1,000,000.00 US$.
Can I short stocks in my account?
Since SureTrader clears through different clearing firms. Any given stock deemed shortable on these firms’ lists would be available to short by SureTrader as well. As an additional service we are able to perform outside locales in case certain securities cannot be located by the clearing firms.
Is there an automatic charge for margin calls?
The automatic charge for margin calls amounts to US$25.
What is the difference between an Unregistered Broker Dealers and a Foreign Broker Dealer?
SEC – Unregistered Broker Dealers Vs. Foreign Broker Dealer
An Unregistered Broker Dealer is a company operating within or outside the United States and operating a securities business within the US, while soliciting persons living in the United States.
A Foreign Broker Dealer is a company exempt from registration with the SEC (Rule 15a-6) because of operation a securities business outside the United States and not soliciting US citizens living in the United States.
Swiss America Securities, Ltd. Advises against doing business with Unregistered Broker Dealers, since the risks involved include
- Possible lack of regulation
- Risk of undercapitalization
- Lack of licensed staff
- Risk of being shut down at any given time without prior notice
- Little recourse in case of loss or fraud
We recommend that traders check if the broker they are taking into consideration is registered for doing business in the United States at the website of www.finra.org .
If you wish to conduct due diligence on a foreign broker dealer you have the options of
- checking the securities regulating authority for their jurisdiction to ascertain they are licensed.
- checking if they maintain a physical office in their jurisdiction.
- checking their good standing with the corporate registry within their jurisdiction.
- researching the personal and professional background of the executives (president, compliance officer, CFO).
- validating their insurance coverage.
- checking their FATCA compliance.
Please consult your attorney or accountant to find out which of the various ways to conduct a due diligence review is best for you.
If you want to find out if your Foreign Financial Institution (broker) is registered with FATCA you may check at http://www.irs.gov/Businesses/Corporations/FATCA-Foreign-Financial-Institution-List-Search-and-Download-Tool .
Can I use SureTrader PRO on a Mac?
It is possible to use the SureTrader Pro software on a Mac. All you need is Parallels Desktop or a similar software.
Will I be able to trade Pink Sheets, Penny Stocks or OTCBB?
Yes, indeed, at SureTrader you’ll be able to do this.
Where do I find the SureTrader login?
The SureTrader login is available here: https://sure.dastrader.mobi/
Here you can log in to your account manager: https://accounts.suretrader.com/
Does SureTrader provide a mobile App?
Yes, SureTrader offers a mobile App. Please, find the details here: xyz
Are there any hidden fees when I open an account with SureTrader?
All SureTrader fees are published on their website. Use the navigation at the bottom of the website to find all kinds of fees being related to SureTrader.
Is there any SureTrader demo being available?
Yes, there is a 100k demo being available on their website https://www.suretrader.com/
Does SureTrader offer live chat options for their customers?
Yes, SureTrader offers this great customer friendly service feature to their clients and to interested traders.
Are there any SureTrader ECN-Fees?
The new SureTrader Commission Rates offer ZERO Routing / ECN-Fees NOW.
What is the SureTrader account minimum?
The SureTrader account minimum is $500.
Is SureTrader legal for U.S. citizens?
For traders who are permanent residents of the U.S., it is a little bit difficult to open an account. It is possible for U.S. residents to open an account, but to make it possible to open an account, the traders have to provide additional paperwork to SureTrader. Check this out for more information on SureTrader's website.