speedtrader Alternatives: Pros & Cons Updated for 2024
This alternatives to speedtrader guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to speedtrader to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to speedtrader like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that speedtrader is not quite right for you then it would be worth getting a demo account with a lot of the best speedtrader alternatives and check if they are a better fit for you before moving any money around.
The most detailed review of speedtrader alternatives on the internet
There's many reasons speedtrader may not be a good fit for your trading needs. Whatever reason you are hunting for the best speedtrader alternative or speedtrader competitor with similar services, comparebrokers.org will always try to give you as much useful information so you can make an informed choice. Below you can discover the top speedtrader alternatives.
For each of the below alternative to speedtrader, we break down the key differences to speedtrader and for each section show you the best alternatives. For each speedtrader alternative online trading platform listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with speedtrader, find some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Having a reputable and dependable broker is crucial to your trading success. All of the speedtrader alternative platforms listed in this speedtrader alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
speedtrader has a minimum desposit of $250, you should check how the minimum deposit requirements of speedtrader compare with the minimum deposit requirements of speedtrader competitors. Brokers often offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit requirement isn’t necessarily a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
speedtrader |
$250 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Demo Accounts
speedtrader offers demo accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we detail some of the best alternatives to speedtrader that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
speedtrader |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
speedtrader doesn't offer negative balance protection. If your balance is unfavorable, speedtrader suggests you contact client services. So you are able to correct any imbalances within your own account.
Below we detail some of the best alternatives to speedtrader that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
speedtrader |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
speedtrader unfortunately, doesn't offer guaranteed stop loss. speedtrader provides an opportunity for its traders to close their trades at their specified price. Aside from this, speedtrader does not provide guaranteed stop loss.
Below we detail some of the best speedtrader alternatives that offer guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
speedtrader |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of speedtrader don't allow scalping. It's a trading technique that is not allowed on the agent's platform. You should refer to speedtrader's terms and conditions to read more about its policies.
Below we list some of the best alternatives to speedtrader that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
speedtrader |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of speedtrader don't condone hedging. It is a trading technique that is not allowed on the broker's platform. You can consult with speedtrader's provisions and conditions to see more about its policies.
Below we list some of the best alternatives to speedtrader that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
speedtrader |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
speedtrader's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the best alternatives to speedtrader that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
speedtrader |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
speedtrader's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we detail some of the best speedtrader alternatives that allow copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
speedtrader |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare speedtrader To All Other Brokers