LIGHTSPEEDTRADING

About company:

Lightspeed Trading is a risk management and brokerage company for private traders, institutional investors and hedge funds.

 

About company. Fund security

The firm is owned by Lightspeed Trading, LLC, which is headquartered in New York. This broker is licensed by reliable US regulators: Financial Industry Regulatory Authority, National Futures Association, Securities and Exchange Commission. There is no need to doubt the reliability of this broker.

 

In addition, the broker is a member of the Securities Investor Protection Corporation (SIPC), so that if the company goes bankrupt, the client can return up to $ 500,000.

 

Trading conditions

Clients can open the following types of accounts with Lightspeed: Individual, Joint, Corporate, Trust, LLC, Separate Hedge Fund Accounts, Retirement Accounts.

 

All transactions in the company are executed using DMA technology, which ensures low trade delay. Available trading assets: stocks, options, futures.

 

Minimum deposit

It depends on the platform the client chooses:

 

$ 25,000 - if you are using Lightspeed Trader, RealTick or Sterling Trader platforms;

 

$ 10,000 - using the Web Trader platform;

 

$ 25,000 - when using the Livevol X platform.

 

The very minimum that a client needs to deposit is $ 10,000, which is considered a high minimum deposit in the field of trading. However, the presence of licenses from such serious regulatory bodies most likely speaks of a reliable reputation, which means that you can safely invest large sums. For those who are just starting to master trading, we recommend choosing brokers with the smallest deposit. You can familiarize yourself with the companies in our ranking.

 

Commission

Standard fees: $ 0.0045 per share, $ 0.60 per option contract, $ 0.60 per futures contract.

 

However, Lightspeed encourages active traders by offering lower fees. Active traders who trade more than 500 options contracts per month can qualify for even lower rates. Those who trade over 100,000 contracts per month will pay as little as $ 0.20 per contract.

 

If you trade more than 1,000,000 shares per month, then you are eligible to pay a commission of $ 0.0025 per share.

 

If you consider yourself an active trader, then request access to lower commissions by calling the broker's phone number or by e-mail.

 

Trading platforms

Lightspeed Trading offers several trading platforms: LightspeedTrader, Lightspeed Web / Mobile Trader, Sterling Trader, RealTick Pro and Express, Livevol X.

 

Lightspeed Trader is the flagship trading platform and, according to the broker, is one of the best trading platforms available on the market. The terminal with a fully customizable and intuitive interface, charts and filters ensures fast execution of all trades. Since 2017, the platform has been available on mobile devices.

 

Sterling Trader Pro offers an advanced graphics package, direct electronic access to all exchanges and ECNs, full control over system components for quick access to markets and exchanges.

 

RealTick is suitable for active traders, registered investment advisors (RIAs) and hedge funds. It provides sophisticated trading tools, unrivaled access to liquidity, real-time data, charting, analytics and streaming news.

 

Support service

Lightspeed offers phone and email support. The broker also offered clients chat advice, but the service was closed in mid-2012.

 

Connecting with specialists in most cases takes less than 1 minute. However, if they did not respond immediately, then the trader can wait for an answer for an hour or even several days. Unfortunately, the support team does not answer all customer questions.

 

Traders will find a lot of useful educational information divided into different product classes. These are short video tutorials that last an average of 3 minutes.

 

Webinars are also regularly held and news is published on the portal, including company updates on social media such as Twitter.

 

The site is available in English, Spanish and Chinese.

 

Ways of payment

Only bank transfers are available. Depositing funds is free, a withdrawal fee of $ 20 for domestic transfers within the country and $ 50 for international transfers is charged. Withdrawal requests are processed on the day of submission, money is credited to the account within 3-5 days.

 

Pros:

 

regulated broker; low commission for trading instruments is available to active traders; a large selection of trading platforms.

 

Minuses:

 

high minimum deposit; accepts payments only by bank transfers; commission is charged for depositing and withdrawing funds.