About the company:
SureTrader specializes in intraday trading, allowing investors to buy and sell securities within the same trading day.
About company. Safety of funds
SureTrader is a division of Swiss America Securities, Ltd., founded in 2008. The broker is registered in the Bahamas and is regulated by the Securities Commission of the Bahamas.
Let’s see what is an intraday trader and why SureTrader is a unique broker. The FINRA and NYSE define a system intraday trader as any trader who makes four or more deals (including the opening and closing of a position on a security or stock option) within 5 working days. According to the FINRA rules, clients who are considered day traders must have at least $25,000 on the account. However, customers can trade with a smaller capital, since SureTrader is not a member of FINRA and is registered in the US. As a result, the broker is not required to follow the established rules.
SureTrader is controlled by the Securities Commission of the Bahamas. The Bahamas serves as an offshore jurisdiction for companies that provide financial services. This is the downside of the broker. We recommend you to think carefully before investing a large amount of money in offshore companies. The company’s license does not set any minimum capital requirements. Thus, if the broker turns bankrupt, the risk of losing the invested funds becomes much higher than when you are working with the licensed companies.
In general, SureTrader is an excellent option for novice traders.
SureTrader offers trading stocks and options. Moreover, the broker’s clients can trade on the over-the-counter market. Unfortunately, the broker does not provide access to other popular securities: mutual funds, bonds, and futures.
The minimum deposit is $500. This is the most profitable offer in the industry when it comes to trading securities. It is also an excellent opportunity to conduct trading for beginners who do not have $25,000.
The standard commission for trading shares is $0.005 per share and $1.95 for one deal, provided that a client trades at least 1,000 shares a month. Commission for options trading is $0.50 per contract and $4.95 for every deal.
Clients have to pay an interest rate of 7.5% APR for holding positions on margin overnight.
In addition, a $50 fee is charged if a trader conducts less than 15 deals per quarter.
The leverage is 1:6. This is a very reasonable offer when it comes to trading securities.
SureTrader clients can choose one of the three different versions of the SureTrader platform: Active Web, Desktop/Pro, and Mobile.
Active Web is available for free, clients trade directly in the browser. All you need is stable Internet connection. The platform provides real-time data on quotes, charts, as well as Bloomberg live feed.
Traders who want a platform with extended settings and additional charting capabilities can use SureTrader Desktop or SureTrader Pro. This version includes an advanced graphical interface, windows fixation, and real-time profit and loss data. This software is available for $49 per month.
In addition, you can place your orders using a mobile application. At the moment, SureTrader Mobile is available for iOS via AppStore/iTunes. The monthly fee is $35.
SureTrader can contact the support service team via Skype, online chat, and email. The broker also has phone numbers for American and Canadian customers for fax and voice messages. The VOIP numbers are available for traders from the US, the UK, and Australia.
The broker accepts deposits made via credit/debit cards. SureTrader charges a commission of 3.5% for withdrawals via bank cards. Withdrawal of funds through ACH and electronic wallets (Skrill and Neteller) is charged with a $40 fee.
You can withdraw profit only through ACH or bank transfer. The minimum withdrawal amount is $100.
The application for withdrawal of money is processed within 1-3 days. After that, the money goes to the customer's account within a week.
SureTrader 1/10 (votes 2185)