Looking for someone who has speedtrader. I want to start using them as I don't like etrade anymore. Thier website says a margin account has a minimum of 15k?? Doesn't seem right, I looked it up and some people said you only need 2k.. Anyone have an account with them that can give me a solid answer? Thanks in advance!
Doesn't that seem high to you? I'm pretty sure even centerpoint is what 40k?? I read that a pattern day trader account is 30k, a margin account is 15k.. can't find the link right this second but they do have different account types. But then this review link says 2k?? https://topratedfirms.com/brokers/customer/speedtrader-review.aspx
This is why I'm confused with it.. I'm finding it hard to believe that speedtrader has that kind of opening deposit requirements
That and in Tim g's video, he says he started with 1500, plus 12k something from his parents, and that he has used speedtrader since day 1. He also opened 3 accounts to get 9 day trades instead of 3. This is why I'm so confused with speedtrader supposed "minimum" their stating.
to open an account with speedtrader you need 25k, you can withdraw the funds after it clears your account if you like.
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