The Spring Trust

What The Spring Trust does

The Spring Trust is a U.S.-registered multi-asset online brokerage that operates a single integrated account covering U.S. equities and ETFs (commission-free), options, futures, cryptocurrencies, mutual funds, fixed income, retirement accounts, insurance, and wealth advisory. The platform is delivered across three primary surfaces — Desktop Pro (downloadable Windows/Mac terminal with EasyLanguage scripting), Web Trading (browser-based with WebSocket streaming), and a native Mobile App (iOS/Android) — plus a dedicated Algorithmic API (REST, WebSocket, FIX 4.4) and a Paper Trading Simulator with $100K virtual funds. Underlying infrastructure is co-located at Equinix NY4 with 10Gbps cross-connects to NYSE, Nasdaq, CBOE, BATS, CME Globex, ICE, and major crypto venues; a proprietary matching engine and FPGA-accelerated market data preprocessing deliver 2.5ms average order-to-fill and 98.6% price improvement versus NBBO. The platform serves 185,000+ active self-directed retail traders, plus a smaller institutional and HNW tier served through dedicated account managers, with $2.1B+ client assets under custody and $10.4B AUM (discretionary) reported on Form ADV.

Name

The Spring Trust

Legal name

The Spring Trust Securities, Inc.

Website

https://springtrustbk.com

Company type

Private

Founded year

2016

Operating status

Operating

Short description

The Spring Trust is a U.S.-registered multi-asset online brokerage offering commission-free equities, options, futures, and crypto through a proprietary low-latency platform. It serves 185,000+ active self-directed retail traders alongside an institutional tier, with co-located Equinix infrastructure delivering sub-millisecond execution.

Ownership category

akta.pro rank

Product category

Online Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (52316), Portfolio Management and Investment Advice (523940)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Spot Exchanges & Broker-Dealers (FSADAAAC)

akta.pro secondary industries

Derivatives Trading Venues (perps, futures, options) (FSAPADAE), Options (Vanilla) — Venues, Market Makers & Protocols (FSADAGAC), Staking & Earn Programs (Exchange-Operated) (FSADAAAH)

Keywords

• Online brokerage
• Multi-asset trading
• Algorithmic trading API
• Cryptocurrency exchange
• Wealth management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Equities Trading Commission: $0 commission on U.S. equities and ETFs. Revenue derived from exchange rebates and order routing fees rather than direct commissions.
2. Options Contracts: $0 base + $0.60 per contract. Revenue from per-contract fees on options trading across all exchanges.
3. Futures Trading: $1.50 per side, per contract (exchange fees additional). Revenue from per-side transaction fees on futures and micro futures contracts.
4. Cryptocurrency Spread: 1% spread on cryptocurrency spot trading. Revenue derived from bid-ask spread on 150+ digital assets.
5. Margin Interest: Interest earned on margin loans extended to customers. Margin rates vary by tier and asset class, with up to 4:1 intraday on equities (Reg T).
6. Payment for Order Flow (Options): The company receives compensation from routing orders in exchange-listed options to broker-dealer intermediaries. Compensation is generally in the form of per-share or per-option contract cash payment. No PFOF on U.S. equity orders.
7. Exchange Rebates: The company receives rebates from market venues to which orders are routed and pays fees for execution of certain orders. Rebates from NYSE, Nasdaq, CBOE, BATS, CME Globex, ICE, and crypto venues.
8. Staking & Yield Services: Revenue sharing from staking idle crypto assets in PoS protocols. Users generate passive compounding yield while the platform earns a spread.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

The Spring Trust is an SEC-registered broker-dealer and CFTC-registered Futures Commission Merchant offering a multi-asset online brokerage platform for self-directed and institutional investors. Customers can trade U.S. equities and ETFs commission-free, options at $0.60 per contract, futures at $1.50 per side, and 150+ cryptocurrencies through web, desktop, mobile, and algorithmic API channels. The platform also provides automated wealth management, IRA/retirement accounts, staking/yield products, copy trading, and an AI-driven arbitrage engine.

Product overview

The Spring Trust is an institutional-grade online trading platform offering a unified multi-asset brokerage with multiple delivery channels. The core product suite includes the Desktop Pro Platform (professional downloadable trading terminal), Web Trading (browser-based platform), and Mobile App (iOS/Android native). These platforms share the same execution infrastructure and provide access to equities, options, futures, crypto, and fixed income from a single account. Additional modules include Algorithmic API (REST/WebSocket/FIX for automated trading), Paper Trading Simulator, Copy Trading, AI Arbitrage Engine, Staking & Yield, Wealth Management, Retirement & IRAs, Insurance & Annuities, Mutual Funds, Fixed Income & Bonds, and College Savings accounts. The platform is designed for active traders, algorithmic bots, and institutional clients with $2.1B+ in client assets and 185K+ accounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Stocks & ETFs Trading Commission-free trading on thousands of U.S. equities and ETFs with direct market routing, pre-market (4:00 AM–9:30 AM ET) and after-hours (4:00 PM–8:00 PM ET) trading, designed for self-directed retail and institutional investors.
• Options Trading Options trading at $0.60 per contract with complex multi-leg strategies, live Greeks dashboard (Delta, Gamma, Theta, Vega), IV surface visualization, strategy builder, and advanced margin capabilities across web, desktop, and mobile.
• Futures Trading Futures trading at $1.50 per side per contract including E-mini S&P 500 (ES), E-mini Nasdaq-100 (NQ), Micro E-mini contracts (MES, MNQ), Crude Oil (CL), Gold (GC), Treasury Bonds (ZB, ZN), and additional micro contracts, built on CME Group membership.
• Crypto Spot & Swap Cryptocurrency trading platform offering buying, selling, and instant swapping of 150+ cryptocurrencies with 1% spread, sub-millisecond execution speed, and $100M cold-storage insurance coverage through Lloyd's of London.
• Desktop Pro Platform Professional-grade downloadable trading platform for Windows and Mac with advanced charting, custom matrix layouts, EasyLanguage strategy scripting, market scanner, and direct market access for active traders.
• Web Trading Platform Browser-based trading platform accessible from any device with persistent layouts, keyboard shortcuts, WebSocket streaming for real-time market data, and full multi-asset trading capabilities.
• Mobile App (iOS/Android) Native iOS and Android application with full trading capabilities including options chains, live Greeks, AI-powered watchlists, push alerts, portfolio management, and biometric authentication.
• Algorithmic Trading API REST API (v1), WebSocket streaming, and FIX 4.4 Protocol connectivity for institutional-style automated trading supporting equity, options, and futures order submission, market data streaming, and account polling, with OAuth 2.0 + HMAC-SHA256 security.
• Paper Trading Simulator Simulated trading environment with $100,000 in virtual funds using real-time market data and simulated order routing behavior, enabling strategy practice without risking capital.
• Copy Trading Automated portfolio mirroring feature allowing users to view transparent leaderboards of top-performing quantitative traders and automatically mirror their portfolios in real-time.
• AI Arbitrage Engine Proprietary algorithm-powered system that executes risk-neutral arbitrage trades across fragmented global exchanges automatically, leveraging sub-millisecond execution speed.
• Staking & Yield Cryptocurrency staking service allowing users to stake supported PoS protocols securely from their dashboard to generate passive, compounding yield, with revenue sharing on staking idle crypto assets.
• Wealth Management Automated and private wealth advisory solutions combining fully integrated banking, premium savings at 5.00% APY with FDIC insurance, automated investing with digital technology, and dedicated human advisors.
• Retirement & IRAs Retirement account offerings including Traditional IRA, Roth IRA, SEP-IRA, Rollover IRA, and Solo 401(k), with full support for 401(k) rollovers.
• Mutual Funds Access to over 10,000 no-transaction-fee (NTF) mutual funds for diversified investment portfolios across multiple asset classes.
• Fixed Income & Bonds Fixed income trading including U.S. Treasury bonds, CDs, and corporate bonds, with FDIC insurance on cash swept to program banks.
• Insurance & Annuities Insurance and annuity products including term life insurance and income solutions for wealth planning.
• College & Savings (529 & HSA) Education savings accounts including 529 college savings plans and HSA (Health Savings Account) for tax-advantaged savings on education and healthcare expenses.

Quantifiable outcome

• 2.5ms average order-to-fill vs industry average of 12ms
• +7 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature9 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• S3 Financial, LLCcoreTechnology or IntegrationIndustry-leading execution services provider used by The Spring Trust for regular adjustments to order routing based on execution quality data. The company evaluates speed, accuracy, and order handling efficiency to optimize routing decisions.
• Equinix (NY4, NY5, NJ2)coreTechnology or IntegrationPrimary co-location facility for matching gateway and order router at Equinix NY4. Hot standby at NY5, cold DR at NJ2. Physical proximity to NYSE, Nasdaq, CBOE, BATS, CME Globex, and crypto exchange matching engines eliminates network round-trip overhead.
• Coinbase PrimecoreTechnology or IntegrationInstitutional co-location at Coinbase Prime for cryptocurrency trading. Enables direct exchange connectivity for crypto spot trading and liquidity.
• Kraken InstitutionalcoreTechnology or IntegrationInstitutional co-location at Kraken Institutional for cryptocurrency trading. Part of the multi-venue crypto exchange connectivity strategy.
• Apex Clearing CorporationcoreTechnology or IntegrationThird-party clearing and custody firm used to settle trades and hold assets. Operates within the regulated ecosystem for trade execution and asset custody.
• PlaidcoreTechnology or IntegrationIdentity verification and bank account linking provider used during customer onboarding. Plaid enables instant verification of bank accounts for ACH transfers.
• JumiocoreTechnology or IntegrationIdentity verification provider used during onboarding to authenticate customer identity against global watchlists for KYC/AML compliance.
• TradingViewcoreTechnology or IntegrationThird-party partner providing real-time market data and advanced charting capabilities. TradingView integration provides charting functionality across the platform.
• CoinCapcoreTechnology or IntegrationThird-party partner providing real-time cryptocurrency market data. Used for cryptocurrency pricing and market data feeds across the platform.
• Florida Power & Light (Clean Fleet Energy program)minorStrategic or Co-development PartnerProvides 100% renewable electricity to Miami headquarters through the Clean Fleet Energy program, supporting The Spring Trust's carbon neutrality and ESG commitments since 2023.

Scale indicators18 records

Recent moves11 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Spring Trust