SPEEDUP TRADER REVIEW – An Unbiased Review of SpeedUp Trader

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SPEEDUP TRADER REVIEW

As a foreign broker, SpeedUp Trader provides traders access up to $600,000 trading capital, and a promising 80% profit split. Based in New York, they are among the best in the business for futures funding in addition to forex trading.

This article provides a balanced evaluation of the Speedup Trader and examines traders opinion of the Speed Trader prop firm on Trust Pilot.

For an unabashed description of their policies, plans and packages, click here

  • Location: New York
  • Year of establishment; 2020
  • Licenses and registration: 33741
  • Number of verified traders: un specified
  • Broker: Not Specified
SPEEDUP TRADER PROP FIRM
SPEEDUP TRADER

Speedup Trader Package/ Rules

The Speedup Trader prop firm offer three account Types to traders;

  • $25,000
  • $50,000
  • $100,000

Bear in mind that you get to keep the first $7,000 in profits and 80% of anything you make after that. Take however long you need to reach your profit target, but make sure you trade for at least ten days.

Speedup Trader Account Sizes Rules

Following your selection of an account—forex or futures—there are a few considerations to make. You must abide by the rule for all accounts.

$25,000 Account

-15 trading days minimum
-$1,500 profit target
-3 Contract maximum
-Daily loss limit of $500
-Maximum Drawdown of $1,500
-Must close positions by 4:10 P.M. Eastern time.
-May not trade through major news events.

$50,000 Account

-15 trading days minimum
-$3,000 profit target
-6 Contract maximum
-Daily loss limit of $1250
-Maximum Drawdown of $2,500
-Must close positions by 4:10 P.M. Eastern time.
-May not trade through major news events.

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$100,000 Account

-15 trading days minimum
-$6,000 profit target
-9 Contract maximum
-Daily loss limit of $2,500
-Maximum Drawdown of $3,500
-Must close positions by 4:10 P.M. Eastern time
-May not trade through major news event

What Makes Speedup Trader Different From Other Prop Firms?

  1. Speedup connects to over forty trading platforms which favors traders and allows them the choice to trade with any platform they desire.
  2. In addition to a 1:100 leverage, Speedup Trader pay for your data while you trade. While using a US exchange, any data fees incurred have already been paid for.

How To Get Funded By Speedup Trader

  1. Select the trading account size you like, and you will be set up to practice a trade on the LIVE market.
  2. If you pass the test, your account will get funded under the same conditions as your successful trading test.
  3. After getting funded, Speedup provides you with a trading platform, so you don’t incur platform fees

What Do Traders Have To Say About SpeedUp Trader?

While choosing prop firms to trade with, it is important to make research about the firm so as to have an in debt knowledge. A look at what other Traders have to say, will also be of great help to you. For reviews, TrustPilot will be our guide.

David Koepke
Rated 2 out of 5 stars
Feb 20, 2022

We passed the evaluation then the trouble started. They don’t use bad data but they did institute 2 rules by email after we signed the contract, which they used against us to close the account a few weeks later, after we reset the live account for $500 once. They seem more interested in gouging beginning traders than they are in making winning traders. Stay away probably. All rules should be clearly stated in the contract in the beginning, not in one line emails after the fact


Jorge Luis Ramirez David
Rated 4 out of 5 stars
Aug 5, 2020

I have been in speeduptrader for approximately 10 months, and in my experience I find that it is one of the best companies in the field, it makes payments every week and once you earn the fund you do not have to maintain any monthly payment. The only thing I can say is that perhaps the news rule could be smaller, with less inoperable news.


Khalil
Rated 1 out of 5 stars
Aug 3, 2021

Is big scam dont try it !!!
Is big scam nobody replay for request, no support for trader no level 2 data market, free platforme are useless. is bad experiences uprofit, oneup trader and topstep are best,
i demanded refund and canceling my test , my support dont reply to my request since 4 day, you take my money for nothing


Sebastian Sagan
Rated 1 out of 5 stars
Dec 28, 2020

Highly unprofessional company.
Highly unprofessional company.
I had an issue with my account, be no one is interesing, the account is blocked, days are passing but the support don’t care as long as they took their money.
They bring you by their attractive promotion then block your account for no reason, oneuptrader is much more fair and do not cheat on people.


Victor Medina
Rated 5 out of 5 stars
Sep 18, 2020

100% Satisfied
I am totally satisfied with the attention I have had from the Speed Up Trader team.

Constructive note: They can improve the response time of emails, and regarding the deposit of withdrawals you should ask the trader if he agrees that the deposit is made in PayPal or his bank account


Need another tool to help you understand what they do better? Here is a video review from The Diary of A Trader youtube channel.

Below is another video that might be of immense help from Day Trading Academy

Conclusion

SpeedUp Trader Legit Or scam? Well, since SpeedUp Trader is an offshore broker, not regulated or licensed, the quality of their reviews only adds salt to injury. You should really avoid them if you intend to make some profitable trading.

For a detailed description of SpeedUp Trader trading rules, packages, withdrawal plans and lots more, click here.

You may also check out our comprehensive and unbiased reviews of all other prop firms on this page >> Prop Firm Reviews.

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