In this Ustocktrade review we will take a look at how it all works and how you can save money by using them.
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.
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.
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.
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 (learn how to open an investment account).
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. Check out a list of the top trading companies.
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. Need good trading tools? Check out our stock trading tools page.
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. Make sure to check out our best brokerage firms page to learn more about other top companies.
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.
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.
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 (learn how to swing trade stocks in our free stock courses).
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!
Excellent group, they care a lot about the people in itRichard C.
This is the real deal; no hype, no get-rich-quick rich schemes, just solid advice and training from the pros.John P.
Excellent resource for trading insight. Thanks to the owners and operators of Bullish Bears.Jeff H.
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