General
Is CenterPoint good for investing?
CenterPoint is ideal for active traders. If you are a long-term investor, you will likely get more value out of a traditional discount broker.
What is direct market access?
Direct market access allows traders to route their orders directly to market makers and ECNs. This cuts out the middle man and may result in faster order executions and better fill prices.
How is CenterPoint different from other brokers?
CenterPoint is a broker designed specifically for active traders. We offer powerful trading platforms, fast order executions, industry-leading locate services, and unbeatable customer service.
What are your short locate fees for $XYZ?
Short locate fees change based on intraday supply and demand levels. Clients have access to real-time fees. If you are not a client, you can reach out to our support team to inquire about specific locate fees.
Can I see the full short list?
The short list changes daily. If you would like to inquire about a specific ticker, please contact our support team.
Is my trading account insured?
Yes. The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The SIPC will cover up to $500,000 in securities, ...
Which clearing firm should I choose?
Each clearing firm has subtle differences that may offer benefits to different types of traders. Clients have the option to open with more than one clearing firm. If you are unsure which clearing firm to choose, you will be defaulted to Clear Street.
What clearing firms do you work with?
CenterPoint currently offers clearing through Clear Street, APEX Pro, and Wedbush (institutional clients only).