Meet CenterPoint Securities, Broker To Your Favorite Traders

Day traders like Humbled Trader, Madaz Money and Kristjan Kullamägi have an almost cult-like status among their followers even if their approaches differ. One thing they do have in common is their reliance on CenterPoint Securities to execute their trades. 

The brokerage, which just entered the Canadian market, is loved by many active traders, particularly those interested in complex trading strategies. Humbled Trader, for example, just ranked it best brokerage for shorting for those with large accounts (over $30,000). 

So what’s so great about this broker getting attention from your favorite traders? A lot, according to its fan base.

A Fast And Reliable Trading Platform 

Take its advanced trading platform for starters. It offers active traders and investors a sophisticated trading screen that includes advanced charting, level 2 data and 30+ unique order routing options. It's a favorite with traders because of its specialized routes, smart routing technology and direct market access. It's fast, reliable and fully customizable, which is what active traders need. 

Large Inventory Of Hard-To-Borrow Stocks 

CenterPoint is designed for the serious trader. It is built from the ground up for active traders and investors, which is why its list of hard-to-borrow stocks is a big draw. These are stocks that traders want to short but find that borrowing the shares needed is difficult. It often means having a broker locate the shares which takes time and added fees. CenterPoint relies on its in-house stock loan desk along with multiple outside resources, giving traders multiple options.

CenterPoint makes it easy, too. All you have to do is enter the ticker and number of shares to borrow, and the short locate tool does the work. If there are shares available, you will know how much it costs to borrow them before executing the trade. You don’t pay any fees unless you accept the locate. The hard-to-borrow list is updated daily as is its list of over 5,000 easy-to-borrow stocks. With both lists, traders have a lot of options to potentially make money. 

The locate tool is backed by an in-house securities lending team that’s skilled at finding hard-to-borrow stocks. CenterPoint also has over a decade of experience, which attracts active traders who want to deal with professionals. At CenterPoint, over 100 million shares are located monthly, and more than 20,000 locate orders are filled. The average order fill size is over 4,000.  

Experience Matters 

Being able to lend customers hard-to-borrow stocks is a big reason traders come, but that’s not the only reason they stay with the brokerage, which is backed by ClearStreet – the fintech with over $400 million in capital. CenterPoint has top-notch customer support that often gets accolades in reviews. The company requires only $30,000 to open an account and gives customers a 14-day free trial. You can test drive it without any upfront costs.

CenterPoint may not offer commission-free trades, but that doesn’t mean it isn’t cheap. Commissions are as low as $0.001 per share. Locate fees vary by time, stock and how many shares are available. Active traders are also rewarded for trading – as trading volume increases, commission fees decrease. Every CenterPoint client is also eligible for the company’s locate discount program, with discounts of up to 30%. 

CenterPoint may not be for the casual trader, but active ones seem to be flocking to it thanks to its reputation for finding hard-to-borrow stocks, its advanced trading platform and competitive pricing. For those active investors looking to short a large variety of stocks, it can be just the tool they need. 

Feature photo by Firosnv. Photography on Unsplash.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.