SpeedTrader Promo Code: Tell SpeedTrader that “Stockhaven” sent you to receive special Stockhaven.com user rates.
If you’re in the market for a new broker, you’ll find there are many to choose from. If you’re a daytrader we can assure you there is no better broker to use for executions, ease of use and customer service than Speedtrader.com. We’ll explain below:
Why do we use Speedtrader?
Executions #1- We’ve tried them all: E*Trade, TDAmeritrade, Zecco
- you name it. The beauty of Speedtrader and what sets them apart from other brokers is the amount of ECN Routes they give access to. In our opinion, this is the most important aspect of choosing a good daytrading broker.
What are ECN Routes?
Scenario: You’re in our penny stock chat room – you see Big News just out on a hot penny stock, you know it’s going to run – you log into your E*Trade account and put your order in well above the ask to buy. It’s been over a minute and no fills? It’s running hard now. Ouch – there goes that opportunity. On the other hand your buddy with with his SpeedTrader direct access brokerage had glorious fills and is taking his mega- profits.
This could’ve been avoided. Why did you get poor fills? Because E*Trade only has direct access to one route: ETMM. When you are looking to get filled on a stock that is moving, always look in the Level 2 ask side and see which Market Makers (ECNs) have shares. If CSTI happens to have a good amount of shares then direct routing through CSTI on your SpeedTrader platform would most likely be the best choice for getting a good fill.
Now don’t get us wrong here, E*Trade (ETMM) can fill you on just about any penny stock, to any ECN. It’s the time is takes for them to execute your order that makes the difference. ETMM trying to buy shares through CSTI, will take longer to execute than CSTI trying to
buy shares through CSTI. Get it? SpeedTrader gives you the EDGE
over other traders – the EDGE that could be the difference between
you being profitable or in the bracket with the other 90% of traders
that lose money.
How many ECN Routes does SpeedTrader have vs. other brokers?
ECN Routes are usually limited to 1 or 2 per broker.
TDAmeritrade Uses these Routes 90% of the time: ETMM, CSTI
E*Trade uses: ETMM
SpeedTrader Direct Routes: NITE, UBSS, HDSN, MURF, FANC, VFIN, MAXM, SUNR, LAFC, CSTI, MICA, NIII, GECO, VNDM, VERT, WDCO, PFSI, POST, RBCM, SURG, SMART, SBSH, LAMP, ALGO, ALGD, ETMM, REDI, CDRG, AUTO, BARC, MSCO, MILL, CVGX, UATS, INET, ARCA, TRAC, NSXX, CBSX, NYSE, BATS, EDGX, EDGA, BELZ, PDQ, BOOK, QUAX, NQBX, KNIT, TRST, CROSS, PLUS, PROP, TSX
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