Spartan Trade is an excellent trading platform that offers vital resources for experienced traders and investors.
Why We Choose Spartan Trade
Spartan Trade has not been in the industry long enough as most of its immediate competitors.However, it has some unique offerings that many traders and investors find attractive.The following are the main perks that users can expect from the platform.
Excellent trade execution
Trade execution is everything in online trading and Spartan Trade leverages technology to give its users better experiences.Its trade execution algorithms focus on price improvements and incorporate an innovative routing technology to allow traders access to multiple markets and trading systems.
Sophisticated trading tools
Spartan Trade also offers robust and advanced trading tools and resources.Some of the tools are pre-built, but most are customizable.For example, the trading platforms have custom stocks, ETFs, and options screeners to help traders find their subsequent investments easily.Users also have extensive research materials that make the platforms ideal for seasoned traders and novice investors.
Low-cost trading
Many traders and investors will find Spartan Trade relatively easy to love because of their lower fees and commissions.
The broker has eliminated fees on most of its products, including ETFs, stocks, and options.It also boasts lower marginal rates than most industry players.
Spartan Trade Pros and Cons
Spartan Trade has several perks, but that does not mean it is automatically the right platform for you.Check out its pros and cons below to determine whether the broker meets your needs and goals.
Pros
– Fast and efficient trade execution
– Robust trading and research tools
– Lower fees and commissions
– Multiple product offerings
– 24/7 customer support
Cons
– The advanced tools may intimidate beginner traders and investors
– Services are not available globally
Spartan Trade is Best for
Spartan Trade primarily appeals to experienced traders and investors who need sophisticated trading tools and research materials.
However, the platform’s lower fees, extensive educational resources, and round-the-clock customer support make it an excellent fit for casual traders and beginner investors.Overall, Spartan Trade is best suited for all investors, including institutional and retail traders.
Product Offerings
Spartan Trade’s portfolio is less expansive than many leading brokers.
However, it has multiple product offerings that include the standard asset classes and several new investments for different types of traders and investors.Here is what they offer.
– Stocks
– Options
– ETFs
– Cryptocurrencies
– Forex
– CFDs
– Commodities
The platforms feature more than 50 currency pairs and all the major cryptocurrencies.Besides, Spartan Trade also provides high-growth stocks of leading corporations worldwide.Its clients have exclusive access to numerous global stock, commodity, and crypto markets.
Order Types
Spartan Trade’s trading platforms support multiple order types, including limit orders, market orders, stop orders, trailing stop orders, and conditional orders.
However, conditional orders are not currently available on the mobile platform.The platforms allow traders to allocate investments automatically across multiple securities.Besides, investors can also choose specific tax lots when investing in stocks.
Trading Experience
Spartan Trade provides three trading platforms with robust tools and resources for excellent trade execution and better research.Traders and investors can create accounts from the web program, desktop platform, or mobile app to access the broker’s services.All the venues are free for download from the company website.
The trading experience relies on various features and aspects.
The platforms’ innovative order routing technology is a key highlight that facilitates faster and more efficient trade execution.The technology focuses on price improvements, speeding up order execution, and reducing transaction costs.
Clients can also access tools and platform features, including real-time quotes updates, news streaming, trading defaults, personalized layouts, charts, options analytics, and watchlists.The venues also provide extensive research and educational materials such as tutorials, market analysis, and articles.
About Fees and Commissions
Trading ETFs, stocks, and options on Spartan Trade platforms attract no fees or commissions.
Crypto, currency exchange, CFDs, and commodity trades are subject to different fees and commissions.However, the rates are relatively lower than the industry average.
Verdict
Like other investments, trading cryptocurrencies, stocks, ETFs, and other asset classes online has different risks that you should understand before making any financial decisions.Nevertheless, Spartan Trade is a great platform that offers multiple investment products, enhanced tools, research, lower fees, and reliable customer support, ideal for all traders and investors.Kindly contact this broker or visit their website for more information.
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