Clear Street Review
Clear Street is a New York prime brokerage and clearing firm for institutions. It serves hedge funds and trading firms only, not individual retail forex traders.
Min Deposit
N/A
Spreads From
N/A
Max Leverage
N/A
Platforms
2
Pros
- FINRA and SEC registered broker dealer with a clearing membership at major exchanges
- Built as a cloud based, API first platform instead of legacy mainframe systems
- Covers equities, fixed income, options, futures and crypto in one account
- Backed by hundreds of millions in venture funding from a Series B round alone
- Also owns CenterPoint Securities, giving it reach into active day trading too
Cons
- Not a retail broker, so individual forex traders cannot open an account here
- No public minimum deposit or pricing, since terms are negotiated per client
- Reported valuation figures vary widely by source, from near $2B to near $12B
- Services are built for hedge funds and trading firms, not everyday investors
Clear Street was founded in 2016 to replace old mainframe clearing systems with a cloud based platform. Its broker dealer unit, Clear Street LLC, registered with FINRA in April 2018, working from 4 World Trade Center in New York. The group also owns CenterPoint Securities, acquired in 2020.
Clear Street offers prime brokerage, multi asset clearing, custody, execution and financing for hedge funds, trading firms, broker dealers, family offices and asset managers. Coverage spans equities, fixed income, options, futures and crypto, through its own Clear Street Studio platform and an API based architecture, not a typical retail trading app.
Clear Street is a FINRA and SEC member. Its own announcements cite more than $400 million raised in its Series B round at a $2 billion valuation, and 2026 press reports describe a far higher valuation near $12 billion as it explores an IPO. There is no public retail account or minimum deposit, since clients must qualify as institutional investors.
Platforms
Clear Street is rebuilding the financial industry's core infrastructure from the ground up. The firm operates a cloud-native, API-based prime brokerage platform that replaces legacy COBOL mainframe systems. Clear Street has raised $1B+ in capital, serves approximately 700 institutional clients with ~$16B in customer balances, and processes around 550 million shares per day ($28.4B notional). The platform serves hedge funds, prop traders, broker-dealers, ETF issuers, family offices, and traditional and alternative asset managers.
Regulators
Platforms
- FINRA (USA)
- SEC (USA)
