SpotInvest is an excellent brokerage for active traders and investors who demand a robust platform with sophisticated trading tools and advanced market research functions.
Most of its clients are impressed with the rich educational resources available in multiple formats.
SpotInvest also provides diverse asset classes that ensure more flexibility to traders and investors. However, its accessibility is limited to specific countries only.
Pros
- Superior tools and market research
- Excellent order executions
- Diverse asset classes
- Rich educational materials
Cons
- Limited geographical coverage
- SpotInvest lacks a mobile app
Pros Explained
Superior tools and market research
SpotInvest offers powerful desktop and web versions packed with a wide range of advanced tools and features for professional trading. The devices also support high-level customizability, allowing you to streamline the platform to your needs and preferences.
Excellent order executions
This broker’s platforms leverage a smart order routing software that automatically routes trades to multiple market centers and then executes each leg at the best price. However, you can still route orders to specific market centers.
Diverse asset classes
Investing with SpotInvest also allows you access to a broader selection of domestic and international assets. The broker also has several fixed-income offerings with high-growth potential.
Rich educational materials
SpotInvest provides an extensive library comprising well-curated videos, articles, infographics, and webinars. The resources cover a wide range of topics and are readily available across all SpotInvest platforms.
Cons Explained
Limited geographical coverage
SpotInvest currently commands many retail traders and institutional investors from multiple countries. However, their services are still not accessible in some regions.
No mobile app
SpotInvest does not have a mobile app, but it says the platform is in development and will be out soon.
Trading Experience
SpotInvest offers professionally designed desktop and web versions. Both platforms are equipped with robust and more advanced tools to enable traders to choose, place, execute and monitor trades effectively. The onboarding process is straightforward, and users can access the same product offerings across SpotInvest desktop and web versions.
The broker’s platforms leverage cutting-edge trading technologies such as smart order routing software. It routes orders to numerous market centers and executes every trade at the best price. That ensures the best price executions. However, you can also route orders to specific markets.
SpotInvest desktop and web versions incorporate several technical tools and features, including custom watchlists, drawing tools, back-testing, advanced screeners, conditional orders, calculators, and research. The platforms provide sophisticated analysis tools, multi-leg options, live data streaming, and news.
Product Offerings
SpotInvest offers a long list of investment options to meet the varying needs of retail traders and institutional investors. Its product offerings comprise a vast selection of traditional assets, new asset classes, and other unique investments with fixed returns. The following are the currently tradeable products on SpotInvest.
- Stocks
- Exchange Traded Funds (ETFs)
- Bonds
- Mutual Funds
- Forex
- Cryptocurrencies
- Commodities
- Options
Costs
SpotInvest’s clients are subject to different fees and margin interest rates.
- Zero account minimum
- No fees for stock trades
- About a $0.65 per contract fee for options trading
- International transactions are subject to exchange fees
- Trading through live brokers attracts a cost of about $32
- No fees for domestic wires, checks, and account inactivity
Traders and investors may still incur other costs on SpotInvest. Therefore, confirm the specific fees and margin interest rates before you commence trading.
Education
SpotInvest offers rich educational resources that cover a wide range of online trading topics. The materials are available to all clients in diverse formats, including videos, articles, infographics, and webinars. You can easily search the content using keywords for quick answers.
SpotInvest is Best for?
SpotInvest is an established professional-level trading platform that offers superior tools, in-depth market research, and rich educational resources. It also provides an incredible selection of high-growth potential assets and fixed-income products.
However, the broker’s limited geographical coverage and lack of a mobile app can be problematic to beginners and passive investors. SpotInvest is mainly recommended to professional traders and active investors.
Disclaimer: This is sponsored marketing content.