Speedtrader - Setup, Customer Service, Order Execution

[Lee W 82]

Marek,

 

Speedtrader is attractive to some traders (with regard to pricing) because of the per trade rate. ST charges $2.95/ticket regardless of position size. With IB, using the tiered plan of $.0035/share, you’d reach $2.95 by trading positions of approx 850 shares. So if you’re planning to trade more than that, ST is less expensive.

 

IB’s plans are both per share.  The fixed is $.005 which includes some other fees, as you mentioned.  The minimum per ticket is $1.  The tiered plan is $.0035 + fees, and the minimum is $.35 per ticket.  For me, the tiered has always been less expensive.  As an example of comparison to ST, If I trade 1,000 shares, each ticket will cost me $3.50 +fees (which are tiny). ST would still be $2.95.

 

I can see the benefit of SpeedTrader, but for now, I’m sticking with IB.

 

 

[BBT Member 001 27]

THe problem with Speed Trader is that if you fade out of positions, per trade structure might not be favorable.

[kkoskela 2]

On 5/17/2018 at 8:02 AM, Andrew Aziz said:

Thanks Oba. I am in discussion with them to see if we can get $1 min from them.

Hey, 

Does anyone know if Andrew was able to get $1 minimum commissions? 

 

Thank you,

[Carlos M. 230]

4 hours ago, kkoskela said:

Does anyone know if Andrew was able to get $1 minimum commissions? 

Hey Kevin,  just confirmed we have not received this deal from SpeedTrader yet. We will keep everyone posted if we are able to get it. 

Thanks.

 

[glovtrader 0]

Is there any way to load your desktop from the simulator into your Speedtrader account?  When I try, I am getting an error message and it shuts the Speedtrader software down?

 

[Robert H 453]

13 minutes ago, glovtrader said:

Is there any way to load your desktop from the simulator into your Speedtrader account?  When I try, I am getting an error message and it shuts the Speedtrader software down?

 

I don't think so. There are compatibility issues. Please e-mail me and I will send you a SpeedTrader layout to get you started.

[Michael 0]

@glovtrader I was able to load my ST desktop from my sim desktop. I believe I did a new save on the sim. Then drag that sim to the ST folder and then loaded it from there. Works fine for me.

[glovtrader 0]

18 hours ago, Michael said:

@glovtrader I was able to load my ST desktop from my sim desktop. I believe I did a new save on the sim. Then drag that sim to the ST folder and then loaded it from there. Works fine for me.

Ok. I will try that and see.  Thanks for the help.

 

[Rich Eagle 2]

Carlos, any updates on SpeedTrader? Now that you've been using it for >3+ months.