CenterPoint Securities Review
CenterPoint Securities is a US day trading broker for active traders and short sellers. Clear Street bought it in 2020 and folded it into its Active Trading unit.
Min Deposit
$30
Spreads From
$0.001/share equities, $0.20/contract options
Max Leverage
N/A
Platforms
3
Pros
- FINRA, SEC and SIPC member with a broker dealer record dating back to 2000
- Over 40 order routing options built for speed on active trading strategies
- More than 5,000 easy to borrow symbols and 100 million shares located monthly
- Backed by Clear Street, a clearing firm serving institutional trading clients
- Desktop, web and mobile platforms built specifically for day traders
Cons
- Per share pricing suits high volume traders poorly for small or rare trades
- Only opens accounts for United States based clients, unlike global brokers
- Typical minimum deposits run from $30,000 to $50,000, high for beginners
- Brand now sits inside Clear Street after a 2024 rebrand, confusing for old clients
CenterPoint Securities Inc. registered with FINRA in 2000 as a broker built for active, professional traders. Clear Street LLC, a New York clearing firm founded in 2016, acquired CenterPoint in 2020, and in October 2024 rebranded the unit as its own Active Trading division, though the CenterPoint brand and website still run the client facing business.
The broker targets high volume day traders and short sellers. It offers over 40 order routing options, more than 5,000 easy to borrow short symbols, and over 100 million shares located each month. Pricing runs from $0.001 per share on equities and $0.20 per options contract, through desktop, web and mobile platforms.
CenterPoint is a FINRA, SEC and SIPC member, so client assets carry standard US brokerage protection. It only opens accounts for United States based clients, and typical minimum deposits run from $30,000 to $50,000, well above what a casual retail trader would need elsewhere.
Min. Deposit
USD 30
Spreads From
$0.001 per share for equities, $0.20 per options contract
Platforms
Regulators
Platforms
- FINRA
- SEC (USA)
- SIPC
