SureTrader is a Bahamas-based broking company regulated by the Securities Commission of the Bahamas. It is an option for the traders who are willing to trade below the PDT level of $25,000 and those with the less amount in their hand can trade as much as they want. SureTrader has an issue with some platform glitches and customer service department and it depends on each individual to undertake these bugs in their own way.
SureTrader even allows international investors to trade and the people having experience and low money can actually benefit from it. The company offers low brokerage with a minimum deposit of $500. There are sophisticated trading rules allowing Instant access to real-time market data and multiple chart features. It also gives $50 for the new accounts as a trading bonus.
Use of SureTrader
This could be an encouraging platform for the beginners as they can learn the trading concepts with a free demo and a nominal account without bearing any losses before making a trial for the real world. The account minimum levels are low and the new day traders can flexibly begin and get the idea about day trading. A section of the website is dedicated to the new day traders.
Any advance trader will understand the value of the no-pattern day trading rules but on hitting the $25,000 mark, they will be gone. SureTrader Pro/SureTrader Desktop will be run by the professional traders. There are advanced charts and features to assist the seasoned dry trader in a better way. Shares of pink sheet stocks will even make the traders fall in love with SureTrader.
Three trading platforms
- SureTrader Web-based trading: Free of Cost
- SureTrader Mobile (iOS and Android app): $25/month
- SureTrader Desktop: $49/month
The software comes with a fully integrated point and clicks trading for customized market views. The overall glance of the web trader can be viewed on these platforms and they can have easy access to the PL reports.
The customer service of the company is a little on the controversial side. The reviews suggest that live help is slow and phone lines have long waiting or no-response. There are controversial comments of the people regarding the response of the customer service department of the company.
This is the major factor for which the money-makers become inclined towards SureTrader. The customers have found a user-friendly approach for the platform. The new account can be opened by providing the scanned identification and utility bills. It takes only a couple of days to approve the account by the trader.
SureTrader offers Options, ETFs and Equities at the moment and there are no commodities, forex or mutual funds traded at present. The traders need to understand every aspect before diving into the world of trading with SureTrader. The US clients need to comply with IRS rules to trade with SureTrader. It is a great option for newcomers to get to the world of easy trading and attain the best possible experience.