USTOCKTRADE REVIEW ON WHETHER THEIR PEER TO PEER PLATFORM IS WORTH IT

In this Ustocktrade review we will take a look at how it all works and how you can save money by using them.

Ustocktrade is an Alternative Trading System (ATS) that uses their own network to match buy and sell orders. Because of this they can keep their fees low, charging only $1/trade and a $1 monthly fee.

Ustocktrade Review

USTOCKTRADE REVIEW

Tony & Cindy Weeresing spent over 20 years automating global stock exchanges. They realized regular folks like you and I faced many barriers if we wanted to enter the trading arena.

Barriers like high costs, complicated trading requirements, lack of affordable resources and poor trade executions kept many out. 

Operating under the motto "Wall Street to Main Street", Tony & Cindy ambitiously set out to create Ustocktrade in order to level the playing field. They provided sophisticated financial technology at a price that was affordable to the general public.

Furthermore, they wanted to use the profits from Ustocktrade to fund The Cainan Foundation to build school for disadvantaged children throughout the world.  

HOW DOES IT WORK?

Ustocktrade is an Alternative Trading System (ATS) platform that offers peer-to-peer stock trading without the use of an outside broker to facilitate the trade. The benefits are two-fold.

Firstly, because Ustocktrade uses their own network they are able to eliminate the use of brokers and keep their fees low. 

Secondly, you can  benefit from faster settlement as you don’t need to route or sell your trade orders via a middleman.

Keep in mind peer-to-peer trading platforms aren’t some fly-by-night set up. They are fully regulated by the SEC. They are officially labeled as Alternative Trading Systems and Ustocktrade is fully regulated by the SEC.

USTOCKTRADE REVIEW ON ATS DOWNSIDE

The Ustocktrade platform is primarily comprised of small investors. This means that you might not be able to find a buyer for your stocks.

Whereas in a standard exchange you can always buy and sell stock – even if the prices are unfavorable. This requirement doesn't exist for Alternative Trading Systems which can be a disadvantage.

Finally, Ustocktrade cannot guarantee liquidity which could result in orders not being executed or a delay in execution. With time, they hope more users will use the platform to help secure liquidity.

WHAT CAN I TRADE? & WHAT WILL IT COST ME?

Ustocktrade allows you to invest in most equity securities listed on U.S. stock exchanges. They also allow you to invest in 92 exchange traded funds and notes.

One of the most attractive features we note in this Ustocktrade review, is their pricing. They only charge $1 per trade and a $1 monthly membership fee to trade in their community.

You can click HERE for their full fee schedule.

USTOCKTRADE REVIEW ON SAME DAY SETTLEMENT

Generally it can take up to two days (T+2) for your trades to settle by the time brokers negotiate and money changes hands. This can be very frustrating and limiting to the aspiring day trader because your money is not available for two days.

In 2016, Ustocktrade revolutionized stock trading by being the first US broker to offer Same-Day Trade Settlement (T+0). This means that you are paid immediately and your cash is available to be reinvested in another stock right away.

THE TRADING SIMULATOR

Most importantly, Ustocktrade allows you to practice trading with zero risk. Their trading simulator is free to use, and it provides you with virtual cash to practice investing using real-time market data.

This will help you prepare for real-world investing activity without risking any of your own money.

Check out our trading service to watch us do trading live each day in our trade rooms.

USTOCKTRADE REVIEW ON THE TOP 5 PROS & CONS

USTOCKTRADE REVIEW PROS
  • PRICE - At $1/trade and $1/month subscription fee and no account minimums it's one of the lowest priced platforms out there 
  • VIRTUAL TRADING SIMULATOR - you can build your training skills without risking your hard earned money
  • FAST SETTLEMENT TIMES - Your cash is available to trade in the same day due to a T+0 settlement time frame
  • YOU'RE SUPPORTING A CHARITY - No explanation needed here!
  • ZERO BROKERS - help to keep fees low 
USTOCKTRADE REVIEW CONS
  • TRADING LIMITED - Only stocks, ETFs and ETNs can be traded. You can't trade options and mutual funds 
  • SHORT SELLING & MARGIN TRADING UNAVAILABLE 
  • LIMITED SUPPORT - no live, in-person support available, only e-mail
  • LIQUIDITY ISSUES - due to the closed network structure of the platform, can be problematic especially in volatile markets.
  • CAPPED ORDERS - Trades over $10,000 not permitted so it's not suited for large scale investors

USTOCKTRADE REVIEW BOTTOM LINE

Liquidity risk is the biggest concern when the markets are volatile. In an ATS it's possible no one takes the other side of your trade leaving you bag holding. Coupled with a $10,000 trade limit, large investors might find Ustocktrade limiting. 

All things considered, low fees, no account minimums and same day trade settlements means new and small investors might find this investment platform useful.

Furthermore, Bullish Bears can relate to Ustocktrades mission as we strive to break the barriers to entry. We make making trading simple and easy to understand! 

People are our passion, why don't you check us out if you want to see what a good trading community feels like!

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