|Troy A. Paredes has served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) since August 1, 2008. (Photo credit: Wikipedia)|
SureTrader was founded in 2008 and it is part of Swiss American Securities Ltd. Guy Gentile, the founder, based the business in the Bahamas. This means the business is regulated by the Bahamas Securities and Exchange Commission rather than the US Security and Exchange Commission. SureTrader investors are not bound by PDT (Pacific Day Trader Rule) which places restrictions on investors who have less than $25,000 on account. Furthermore, SureTrader investors don't require large amounts of money to commence trading. So, is Suretrader good? The answer is a resounding yes!
The SureTrader website is a little outdated which can make it difficult to navigate, however, the pricing is competitive. The company offer a live customer support service which can be accessed by clicking a link.
Traders who wish to sign up with SureTrader must scan proof of identity including a current utility bill and new accounts are activated in a couple of days.
SureTrader operates from three investment platforms, hence investors can check their accounts wherever they can access the Internet.