Editor’s Verdict
Overview
Review
Headquarters | United States |
|---|---|
Year Established | 1999 |
US Persons Accepted? |
MarkeTrade.com describes itself as a service of WR Hambrecht + Co. In fact it is a fully owned division of that aforementioned company. MarkeTrade.com describes its operation as dedicated "to the needs of the Asian-American community." One specific need is the desire by members of that community to "use their native language for daily communication."
The company's mission, since it’s founding over ten years ago, has been to fuse technology with traditional trading services, which, presumably, are non-technical in nature. Nowadays MarkeTrade.com offers its clients Web-basing trading and direct access to Electric Communication Network (ECN) trading. This is a private order matching system maintained separately from public markets such as NASDAQ and NYSE.
The platforms offered by MarkeTrade.com include Marketrade.PRO designed for frequent traders and featuring Level I and II real-time streaming quotes, routing of orders directly to ECNs, real-time buying power calculation and daily profit and loss analysis all wrapped up in what is described as a user-friendly interface. Also available is MarkeTrade.BASIC which offers commission rates starting at $5.95, a minimum of only $200 to open an account, Level I streaming quotes and free real-time quotes and real-time confirmations and buying power calculations. MarkeTrade also offers clients the option to invest in fixed income products that offer less risk than day trader type products and access to mutual fund opportunities as well as retirement plans.
The best place find out how things work at www.marketrade.com is the FAQ section. This section very thoroughly outlines the conditions and features of the products that the company makes available to its clients. Information on how client investment funds are secured is also referenced there.
Applying for an account at MarkeTrade is simple. Each step to apply is listed clearly on their site walking you through the process. There are pages throughout the website that explains each process to opening an account, and what do if you will need a foreign account etc. You can also access a forex demo account before you open a live account. MarkeTrade is known for their account protection and there is no additional cost for it. The site lists customer support numbers in case you need help applying.
Customer Support Reps are available 6:15 am - 4:00 pm Monday - Friday PST to assist clients with questions on trading or other procedures.
Trading Platform
