Sure Trade Forex Broker

Sure Trade Forex Broker - Complete Information Guide

1. Broker Overview

Sure Trade, officially known as SureTrader, was established in 2011 and operates as an online brokerage firm primarily targeting day traders. Headquartered in the Bahamas, it is owned by Swiss America Securities Ltd. and is not publicly traded. The broker aims to serve a diverse range of clients, including novice and experienced traders, particularly those looking to circumvent U.S. Pattern Day Trader (PDT) regulations.

Since its inception, SureTrade has made significant strides in the trading industry, focusing on providing a user-friendly platform that allows traders to engage in day trading without the capital constraints typically imposed by U.S. regulations. One of the key milestones in its history was the introduction of a trading model that bypasses the PDT rule, which has attracted many traders with smaller capital bases.

SureTrade operates primarily as a retail forex broker, offering trading services in various financial instruments, including stocks, options, and ETFs. The firm's structure is designed to cater to individual traders, providing them with the necessary tools and resources to execute trades efficiently.

2. Regulatory and Compliance Information

SureTrade is regulated by the Securities Commission of the Bahamas (SCB), which oversees its operations and ensures compliance with local financial regulations. The regulatory framework under which SureTrade operates includes:

• Regulatory License Number: The specific license number has not been disclosed in the available information.
• Validity and Scope of License: SureTrades license allows it to operate as a broker-dealer within the jurisdiction of the Bahamas, primarily serving clients outside the U.S.
• Legal Entities by Region: The main legal entity is Swiss America Securities Ltd., which is registered in the Bahamas.
• Client Funds Segregation Policy: SureTrade maintains client funds in segregated accounts to ensure that client assets are protected and not used for operational expenses.
• Investor Compensation Fund Participation: Information regarding participation in any investor compensation scheme is not provided in the available data.
• KYC and AML Compliance Measures: SureTrade implements Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of clients and prevent illicit activities.

This regulatory environment provides a level of oversight, though potential clients should be aware of the inherent risks associated with trading through an offshore broker.

3. Trading Products and Services

SureTrade offers a wide range of trading products, catering to various trading strategies and preferences. The product offerings include:

• Forex Currency Pairs: SureTrade provides access to a variety of forex pairs, including major, minor, and exotic currencies. The exact number of currency pairs available has not been disclosed.
• CFD Product Categories: Traders can engage in Contracts for Difference (CFDs) across several asset classes, including indices, commodities, stocks, and cryptocurrencies.
• Unique Products or Trading Varieties: SureTrade has a notable offering of over 10,000 shortable stocks, making it an attractive option for traders interested in short-selling.
• Product Update Frequency: The platform regularly updates its product offerings, although specific timelines for new additions have not been provided.
• Retail Trading Services: SureTrade focuses on providing retail trading services, allowing individual traders to access the markets with lower capital requirements.
• Institutional Client Services: While the primary focus is on retail clients, institutional services may be available upon request.
• White Label Solutions: Information regarding white label solutions is not mentioned in the available data.
• Asset Management Services: There are no details available regarding asset management services offered by SureTrade.

Overall, SureTrades product suite is designed to cater to both novice and experienced traders, providing them with diverse trading opportunities.

4. Trading Platforms and Technology

SureTrade offers multiple trading platforms to meet the needs of its clients:

• MetaTrader 4/5 Support: The platform does not explicitly mention support for MetaTrader 4 or 5, indicating that it may rely on proprietary platforms.
• Proprietary Platform Details: SureTrade features its own proprietary trading platform, which is designed for ease of use and efficiency, although specific details about its functionalities are not provided.
• Web-Based Trading Platform: The Active Web platform is available for free and provides essential trading tools, including real-time charting and market data.
• Mobile Applications: SureTrade offers mobile trading applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
• Execution Models: The broker operates on a direct market access (DMA) model, which is beneficial for day traders seeking quick execution.
• Server Locations and Technical Infrastructure: Specific details about server locations and the technical infrastructure supporting the trading platforms are not disclosed.
• API Access and Automated Trading Support: Information regarding API access and support for automated trading systems is not provided.

The trading technology employed by SureTrade is geared towards providing a seamless trading experience, particularly for active traders.

5. Account Types and Trading Conditions

SureTrade offers several account types to accommodate the varying needs of its clients:

• Standard Account Conditions: The minimum deposit for opening an account is $500, with trading commissions starting at $4.95 for up to 1,000 shares, and a per-share rate of $0.00495 thereafter.
• Advanced Account Types: Details on VIP or professional accounts have not been provided, suggesting that the offerings may primarily focus on standard accounts.
• Special Accounts: Information regarding Islamic accounts or corporate accounts is not available.
• Demo Account Policy: SureTrade provides a demo account funded with $100,000 in virtual money, allowing traders to practice without risk.
• Leverage Ratios: The broker offers leverage of 6:1 for intraday trading and 2:1 for overnight positions, which is higher than many U.S. brokers.
• Minimum Trade Size: The minimum trade size has not been specified in the available data.
• Overnight Fees Policy: Information regarding overnight fees for holding positions is not provided.

These trading conditions make SureTrade an appealing option for traders looking to start with lower capital and access leveraged trading opportunities.

6. Fund Management

SureTrade supports various fund management options to facilitate client transactions:

• Supported Deposit Methods: The broker accepts deposits via bank transfers, credit cards, and electronic wallets, although specific methods are not detailed.
• Minimum Deposit Requirements: A minimum deposit of $500 is required to open an account.
• Deposit Processing Times: The processing time for deposits is not specified in the available information.
• Deposit Fees: Information regarding deposit fees is not provided.
• Withdrawal Methods and Restrictions: Clients can withdraw funds using similar methods as deposits, but specific limitations are not detailed.
• Withdrawal Processing Times: Withdrawal requests are typically processed within 1 to 3 business days, although exact times may vary based on the method used.
• Withdrawal Fee Structure: SureTrade charges a $40 fee for outgoing funds, which may be higher than some competitors.

The fund management policies at SureTrade are designed to provide flexibility, but potential clients should be aware of the associated fees.

7. Customer Support and Educational Resources

SureTrade offers several channels for customer support:

• Support Channels: Clients can reach out via phone, email, live chat, and social media for assistance.
• Service Hours and Time Zone Coverage: Customer support is typically available during business hours, although specific times are not disclosed.
• Multilingual Support: The available languages for support have not been specified.
• Types of Educational Resources: SureTrade provides limited educational resources, including tutorials and market analysis, but lacks comprehensive training materials such as webinars.
• Market Analysis Services: Clients can access daily market analysis and news updates to inform their trading decisions.
• Trading Tools: The platform includes basic trading tools such as calculators and economic calendars.

While SureTrade provides essential support and resources, traders may find the educational offerings to be somewhat limited.

8. Regional Coverage and Restrictions

SureTrade operates in several regions but has specific limitations:

• Primary Service Markets: The broker primarily serves clients in the United States and other countries outside the U.S.
• Regional Office Distribution: The main office is located in the Bahamas, with no additional regional offices reported.
• Countries/Regions Not Accepted: SureTrade does not accept clients from certain jurisdictions, although specific countries have not been detailed.
• Special Restrictions: Clients should be aware of the regulatory implications of trading with an offshore broker, which may affect their trading experience.

Overall, SureTrade provides a comprehensive trading environment, but potential clients should carefully consider the regulatory aspects and associated risks before engaging with the broker.