
Guardian Trading Review
Our rating breakdown
Guardian Trading vs day trading peers
| Broker | Per share ($) | Platform |
|---|---|---|
| From $0.0005 a share | ||
| — | Direct access | |
| $0.00085 a share | Direct access | |
| — | Direct access, Route selection | |
| $0.004 a share |
Pros & cons
Pros
More than 30 routing choices
DAS Trader Pro and Sterling Trader Pro
Integrated hard-to-borrow locates
Cons
$30,000 current opening requirement
Commission is only part of total cost
Market data can add monthly expense
Who should consider it
Active traders assessing direct-access tools who can justify the cost of their platform, data and execution setup.
What to check first
Confirm account minimums, short-locate charges, routing fees and the day-trading rules that apply to your account.
What makes Guardian different for day traders?
Most retail brokerages decide how to route an order. Guardian gives traders more control, with more than 30 routing choices covering smart routers, exchanges, ECNs, dark liquidity and algorithmic execution.
That control matters when trading around fast-moving liquidity. A momentum trader trying to get filled in a small-cap stock may choose a different route from a trader posting passive orders to earn rebates. Some destinations charge for removing liquidity and pay rebates when traders add liquidity.
Direct routing only helps when the trader understands each destination. Routes can prioritise displayed liquidity, dark liquidity, midpoint fills, speed or rebate economics. An experienced trader may use one destination to enter quickly and another to provide liquidity. The trade-off is responsibility. More control is useful only when the person using it understands the result.
Is Guardian Trading good for short selling?
Short access is one of the stronger reasons to consider Guardian. Velocity Clearing developed significant securities-lending infrastructure, and clients can access a proprietary locate system for hard-to-borrow stocks. Locates are integrated into both DAS Trader Pro and Sterling Trader Pro.
When inventory is available, traders can view the quoted per-share locate price, request the required quantity and execute the short without leaving their trading software. That reduction in friction matters particularly for small-cap momentum traders. There is also an easy-to-borrow list and support for overnight borrowing.
Locate prices are variable, changing by ticker and through the session, so there is no useful universal figure per locate.
The real test is Guardian's availability and pricing on the actual names you trade, not merely whether it offers locates.
Borrow desk
- Guardian
- In house team
Easy to borrow list
- Guardian
- Published to clients
Locate price shown before you pay
- Guardian
- Not published
Short routes
- Guardian
- Part of 30+ routing options
Overnight borrow
- Guardian
- Not published
Sub $1 shorting
- Guardian
- Not published
| Short selling | Guardian |
|---|---|
| Borrow desk | In house team |
| Easy to borrow list | Published to clients |
| Locate price shown before you pay | Not published |
| Short routes | Part of 30+ routing options |
| Overnight borrow | Not published |
| Sub $1 shorting | Not published |
DAS Trader Pro or Sterling Trader Pro?
Guardian supports two established platforms for active trading. DAS Trader Pro is likely to suit many independent equity day traders because it offers Level 2, hotkeys, configurable order entry and broad use in US equities. Sterling Trader Pro is aimed at traders who need highly configurable professional workflows and higher-volume setups.
The waiver thresholds matter for active accounts. At $0.0012 per share, 500,000 monthly shares produce about $600 in commission. That is enough to cross the $599 threshold for the standard DAS Guardian Trader package. For a high-volume trader, the listed software price becomes less important.
How much does Guardian Trading cost?
Guardian's equity pricing is based largely on monthly share volume:
A minimum charge applies per order.
Commission is only one part of the calculation. A complete cost comparison should also include routing and ECN fees, rebates for adding liquidity, software, exchange data, stock locates, overnight borrow and applicable regulatory charges. Someone trading 20,000 shares a month faces different economics from someone trading 800,000 shares. Higher volume can reduce the commission rate and help waive software costs.
Market data is another recurring expense. Standard software packages include some feeds, while deeper order-book data costs extra. Guardian lists Nasdaq TotalView, NYSE ARCA Book and Pink Sheet Level 2 among the available data products. Professional subscriber rates can be higher than non-professional rates.
An active small-cap trader may need more data than someone trading liquid large caps. The relevant comparison is therefore one broker's total setup against Guardian's total setup, not one commission rate against another.
Per-share commission against comparable brokers
Published commission, per share. Spreads and exchange fees are charged separately.
Equities, per share
- Published floor
- $0.0005
- Tier table
- Not published
- Notes
- As low as
Options, per contract
- Published floor
- $0.15
- Tier table
- Not published
- Notes
- As low as
Platform fee
- Published floor
- Not published
- Tier table
- Not published
- Notes
- Ask
Locate price
- Published floor
- Not published
- Tier table
- Not published
- Notes
- Quoted
Account minimum
- Published floor
- Not published
- Tier table
- Not published
- Notes
- Ask
| Cost | Published floor | Tier table | Notes |
|---|---|---|---|
| Equities, per share | $0.0005 | Not published | As low as |
| Options, per contract | $0.15 | Not published | As low as |
| Platform fee | Not published | Not published | Ask |
| Locate price | Not published | Not published | Quoted |
| Account minimum | Not published | Not published | Ask |
What is Guardian Trading's minimum deposit?
Guardian's current disclosure states an initial funding requirement of $30,000. Its published materials also reference a $25,000 equity requirement for accounts designated as pattern day traders.
The regulatory backdrop changed in 2026, with FINRA introducing its replacement intraday-margin framework. But a brokerage can maintain its own house requirements above a regulatory floor.
This immediately makes the brokerage unsuitable for lower-capital traders.
Is Guardian Trading legit?
Guardian Trading operates as a division of Velocity Clearing, LLC, which is registered with the SEC and is a member of FINRA and SIPC. Securities transactions made through Guardian use Velocity's brokerage and clearing infrastructure.
Guardian is therefore connected to a US brokerage and clearing firm rather than operating as an offshore trading application. SIPC protection applies to eligible customer assets if a brokerage fails. It does not cover normal trading losses.
For a trader checking the firm's status, the relevant entities are Guardian Trading, Velocity Clearing, FINRA, the SEC and SIPC. Support matters more for an active account than for a passive one. A long-term investing question can wait. An execution, locate or platform problem after the opening bell cannot. Guardian offers phone and live-chat support for active clients, connected to its execution and trading infrastructure.
The key issue is responsiveness during live market conditions. Without repeated firsthand testing, assigning a service score would be guesswork. The support model fits active trading, but its quality should be judged through actual use.
Who is Guardian Trading best for?
Guardian is best suited to experienced equity day traders who understand why they need DAS or Sterling, direct routing and hard-to-borrow inventory. Short-biased small-cap traders are a natural audience, while higher-volume momentum traders may benefit from routing choices, liquidity rebates and lower commission tiers.
The economics improve with activity because volume can reduce commissions and waive software costs. A low-volume trader is less likely to get the same value. The same applies to someone focused on long-term ETFs, retirement accounts or a simple consumer investing experience.
The first limitation is capital. The $30,000 opening requirement removes Guardian from consideration for many retail day traders. Costs also require more modelling than at a commission-free broker. Premium data, aggressive routes and frequent hard-to-borrow locates can add up even when the per-share commission looks low.
The platforms are built for experienced traders. That suits Guardian's intended audience, but someone looking for a simple beginner mobile app may find the setup too complicated. Short sellers should focus on whether Guardian can source the stocks you trade at prices that leave enough room for a viable strategy.
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