The price you’ll pay per trade will vary depending on your total monthly trading volume, with the most affordable rates extended to very active traders who move more than 15 million shares per month. Lightspeed’s platforms offer a range of screening and analysis tools as well, making the broker an excellent choice for options traders. It suited to active traders, as well as hedge funds. This means that account minimums are significantly higher than most other competing investment brokers. Currently, no specific customer service phone line exists for investors living with hearing limitations. One important aspect is that your money at Lightspeed Trading is protected. Currently, there are no new live webinars planned, and only four recordings are listed on their site. It is designed and well-suited for day-traders. Pocket Option is one of the best trading platforms … Momentum is also another lightspeed trading platform review India type of is crypto trading reliable … There are monthly costs of up to $325 for Lightspeeds trading platforms plus market data subscriptions. I recently updated this Lightspeed Trading review. For that reason, the Lightspeed Trading review now focuses on the comparison to the leading day trading brokerages. The Lightspeed Web/Mobile trader is web-based and comparable to Lightspeed Trader. This platform was created by Townsend Analytics, which is used by professional traders. Deep discount commissions between $0.0045 and $0.0010 per traded share sounds good at first. Let's take a look at the trading platforms in this Lightspeed review. It can be used on multiple monitors. More about this aspect in my Lighspeed Trading review summary. Lightspeed Trading offers various trading software solutions and platforms. If you aren’t an active trader, you’ll pay up to $4.50 per trade, one of the highest rates we’ve seen. Lightspeed is one of only a handful of brokers to offer comprehensive futures trading access. Lightspeed Trading Software Targeted to Day Traders For investors, who will typically have fewer trades and less demand for L2 quotes and tick by tick streaming charts, Lightspeed has a nice solution in Lightspeed Web / Mobile Trader and LiveVolX Fast trade executions can make a whole difference regarding your trade performance. Let’s review the options. It continues to be developed in direct response to feedback that we receive from our customers. Trading Platforms. Lightspeed is aimed at professional investors, and you’ll find plenty of high-level investing and analysis tools that institutional traders will love. The only drawbacks that I have found with Lightspeed is that it takes higher funding requirements, so it's not a broker for casual mom and pop traders with only a few bucks to their name. Every customer gets $500,000 worth of insurance from SIPC. Anyway, in my opinion, Lightspeed Trading doesn't care about retail traders with account sizes of $25,000. Lightspeed Trader is the flagship trading platform. So it's more expensive than Interactive Brokers. Let’s take a closer look at a few more commission and pricing details to help you get a better idea of what you can expect to pay when you invest through Lightspeed. Lightspeed’s team also continuously works to develop and implement new screening tools, so options may change regularly. Anyway, since you can attach DAS Trader to Interactive Brokers, also this advantage is the comparison disappears. Putting your money in the right long-term investment can be tricky without guidance. Lightspeed also offers competitive pricing on options and futures trading, along with a platform that’s fully compatible with Firefox and Google Chrome browsers on mobile. Lightspeed Review Lightspeed Trading offers some of the best commissions in the industry. They are targeting active traders with their service offerings, specifically in the commissions, execution speed, and trading platform area. On top of that, you have to pay routing fees of up to $0.0035 per stock traded. And in fact, it’s the only platform at Lightspeed capable of trading the asset. Lightspeed also has a supplementary insu… About the Author: Alexander is an investor, trader, and founder of daytradingz.com. The most important aspect is that Lightspeed Trading is not as cheap as it looks like. Some of the mobile app features we love include: Though Lightspeed doesn’t currently offer a mobile app for iPhone or Android platforms, the Lightspeed Web and Mobile platform has been optimized for any mobile phone or tablet that’s compatible with Google Chrome or Firefox. Actually, the Lightspeed Trading minimum deposit is only $10,000, but then you can only use their web trader. The software can function on up to … If you are a very active trader, you’ll likely find some of the most affordable commission rates through Lightspeed. But who does trade 100,000 contracts per month? The old version focused on a comparison to all brokerage accounts. Robust technology exceptionally crafted for the high-volume and high-speed trading of today's markets makes Lightspeed one of the better day trading brokerages out there. It is a member of FINRA, the SEC, and SIPC. I'd prefer to see a statement about the concrete support hours. We don't know how fast this is compared to their competitors. We aim to keep the content current and accurate by updating it frequently. The best investing decision that you can make as a young adult is to save often and early and to learn to live within your means. Like the Interactive Brokers Review shows , both companies shine in this part and offer tons of routing options. LS Trader is the broker’s desktop platform for traders who need a multi-screen program with custom layouts. Lightspeed Trading Review: Pros Lightspeed’s selection of trading platforms is excellent. Lightspeed offers a mobile app and website that can be used for buying and selling securities. The website has Level I quotes, customizable charts, watchlists, and after-hours trading. IMO this solution is only for traders who understand how to develop an external trading system. Some of our favorite features offered by Lightspeed include: Lightspeed Trader ensures that investors always have access to the quickest order placements and most up-to-date information possible through its 100 order routing destinations. Lightspeed’s trading platforms are designed for different types of traders. Why Lightspeed Brokerage Over Others?   Lightspeed Fees, Commissions, Margin Rates and Account Minimums, Do Not Sell My Personal Data/Privacy Policy, Professional grade; includes specialized tools for day traders, active traders and institutional investors, Mobile web platform is fully operational, mirrors desktop web-trading platform, $10,000 to $175,000 depending on trading platform and account type; $2,000 minimum equity requirement to maintain trading capabilities, Individual, joint, margin, partnership, corporate, LLC, registered hedge fund, IRA, trust and more, $0.0045 per share or $4.50 per trade for standard investors; high-volume traders may enjoy rates as low as $0.0010 per share, 5% to 7.5% depending on amount of money borrowed, Account minimums range from $10,000 to $25,000 for most investors, Frequent traders looking for volume discounts, Professionals who need a powerful platform: Lightspeed's Level II, Livevol X, and RealTick Pro, Intermediates who are looking to advance their trading knowledge and strategy, Professional-grade charting tools available for both web and mobile platforms, Futures trading is available with competitive commissions, Exceptionally affordable options trading for high-volume traders, More expensive commissions for less active traders. 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