CenterPoint Securities Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Jan 26, 2024
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4.6/5

4.6 rating based on 5 ratings

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In a Nutshell: CenterPoint Securities is a premium brokerage firm catering to the needs of active and professional traders. Renowned for its high-quality execution, advanced trading tools, and direct market access, CenterPoint Securities stands out as a top choice for those seeking a robust trading platform. Celebrating over a decade in the industry, the firm has consistently evolved to meet the sophisticated demands of its clientele.

This brokerage is best known for its specialized focus on high-volume trading, offering a suite of features designed to enhance the trading experience. From real-time data feeds and advanced charting to an extensive array of routing options, CenterPoint Securities aims to provide traders with the tools necessary for successful day trading and high-speed transactions.

Furthermore, CenterPoint Securities’ commitment to technology and customer support makes it a reliable partner for traders who prioritize speed, reliability, and efficiency in their trading activities.

Service TypeFees Promotion
Brokerage Firm for Active and Professional TradersVariesClick Here
Pros & Cons
Pros
  • Direct market access for faster and more efficient order executions.
  • Advanced trading platform with customizable features.
  • Extensive short inventory and locates for traders focusing on short selling.
  • Extensive short inventory and locates for traders focusing on short selling.
  • Variety of routing options to optimize trading strategies.
  • Free access to leading trading tools and software.
  • Comprehensive customer support and educational resources.
Cons
  • A higher minimum deposit requirement may be a barrier for some traders.
  • Tailored more towards experienced and high-volume traders, less so for beginners.
  • Some fees and commissions may be higher compared to discount brokers.

What is CenterPoint Securities?

CenterPoint Securities is an advanced brokerage firm designed specifically for active traders and those who engage in high-volume trading. The firm provides a platform where traders can access a wide range of financial instruments, including stocks and options, with an emphasis on enabling efficient and rapid trading executions.

CenterPoint Securities distinguishes itself with its direct market access (DMA), which bypasses traditional brokerage channels to offer quicker and more reliable order executions. This feature is particularly beneficial for day traders and those who require immediate responses to market changes.

How Does CenterPoint Securities Work?

CenterPoint Securities operates through its advanced trading platforms, CenterPoint Pro and CenterPoint Web, which are tailored for active trading. The platforms offer real-time data, advanced charting tools, and flexible routing options, allowing traders to customize their trading experience according to their strategies and preferences.

Traders at CenterPoint Securities have access to a wide range of routing options, including direct routes to market makers, ECNs (Electronic Communication Networks), and smart routes developed to improve order executions. These options provide traders with the control and flexibility needed to adapt to rapidly changing market conditions.

CenterPoint Securities Features

  • Direct Market Access: Provides rapid order executions by connecting traders directly to market makers and ECNs.
  • Advanced Trading Tools: Includes custom scanners, hotkeys, and advanced order types.
  • State-of-the-Art Trading Platforms: Offers powerful desktop and mobile platforms built for speed and reliability.
  • Extensive Short Inventory: Features a large easy-to-borrow list and an in-house securities lending team for short selling.
  • Complimentary Access to Trading Software: Free access to tools like Trade Ideas, Benzinga Pro, and TrendSpider.
  • Competitive Pricing: Offers tiered commission structures and ECN rebates for adding liquidity.
  • Advanced Charting: Modern charting tools and technical indicators designed for active traders.

CenterPoint Securities Pricing

Pricing at CenterPoint Securities is flexible and designed to cater to the needs of high-volume traders. The firm offers a per-share commission structure with low minimum order fees, making it cost-effective for traders who frequently scale in and out of positions. Additionally, active traders can benefit from discounts on commission rates based on monthly trading volume.

The platform access fees are waived for high-volume traders, and multiple routing options are available, providing ECN rebates. Depending on their trading volume and preferences, specific pricing details and customized plans are available for traders.

Is CenterPoint Securities User-Friendly?

CenterPoint Securities’ platforms are designed with the active trader in mind, offering a fully customizable interface that caters to the needs of experienced traders. While the array of advanced features and tools may be overwhelming for beginners, the platforms are highly intuitive for seasoned traders who require detailed market analysis and rapid executions.

Who is CenterPoint Securities Best For?

  • Experienced Day Traders: Individuals who engage in day trading and require fast executions and direct market access.
  • High-Volume Traders: Traders who execute a large number of trades and can benefit from the firm’s tiered pricing structure.
  • Short Sellers: Those who focus on short selling and require access to an extensive inventory of shortable stocks.

Is CenterPoint Securities Worth It?

For active and professional traders looking for a high-performance trading environment with direct market access, advanced tools, and a robust trading platform, CenterPoint Securities is certainly worth considering. The firm’s focus on providing quality executions and extensive trading resources makes it a valuable choice for traders who prioritize these aspects in their trading strategy.

Final Thoughts

CenterPoint Securities is a formidable choice for active and professional traders seeking a comprehensive and advanced trading platform. Its focus on high-quality executions, advanced tools, and customer support makes it a standout option in the field of brokerage firms catering to active traders.

While it may not be the best fit for beginners or low-volume traders, those who trade frequently and require a high level of control over their trading executions will find CenterPoint Securities to be a fitting choice.

To explore CenterPoint Securities and see how it aligns with your trading needs, click here.

Frequently Asked Questions

Yes, CenterPoint Securities provides educational resources and support for traders to enhance their trading knowledge and skills.

Yes, options trading is available with competitive rates and advanced trading tools.

Traders can access simulated trading features to practice strategies without risking real capital.

The firm employs robust security measures and is backed by Clear Street, ensuring financial stability and account protection.

CenterPoint Securities offers individual, joint, and corporate accounts.

Detailed information on account fees can be obtained by contacting CenterPoint Securities directly.

Yes, CenterPoint Securities offers a powerful mobile platform for trading on the go.

The firm provides comprehensive customer support via phone and email, ensuring rapid response times for traders.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.