Lightspeed Trader Accounts, Requirement. Initial funding requirement. All account types, $25, Minimum equity balance to maintain trading privileges.
Table of contents
- Lightspeed Trading Review - Reliable Day Trading Platform for Active Traders
- Lightspeed trade in
- Markets Offered
- The best options trading platforms might give you an edge in the market
Lightspeed Trading Review - Reliable Day Trading Platform for Active Traders If you are looking for a broker that can allow you to trade in the speed of light, you might consider Lightspeed. Futures trading: Lightspeed is one of a handful of brokers NerdWallet rates that offers futures trading. Lightspeed Trading stopped to support this feature. I think that we cannot expect to reach Lighspeed Trading 24 hours a day. But those are not worth being mentioned. Benzinga details your best options for Lightspeed Trader is the flagship trading platform. Lightspeed also offers full access to the options trading market with competitive options pricing.
Lightspeed Trading Review - Reliable Day Trading Platform for Active Traders
Some years ago, Lightspeed Trading was compatible with Trade Ideas. Lightspeed Trading Review. Before you open an account, give them a call to find out if they are available at your preferred trading time. In the past 20 years, he has executed thousands of trades. Lightspeed Trading, which is a division of Lime Brokerage, doesn't answer that question on their site. Also, there are monthly costs you have to consider when trading with them.
Lightspeed trade in
But Lighspeed Trading leaves us a bit in the dark here. Lightspeed Trading is, without a doubt, a reliable brokerage.

Lyft was one of the biggest IPOs of Lightspeed offers a number of advantages over competing brokers, including: Lightspeed is aimed at professional, institution and very high-volume day traders. Institutions and hedge funds have the human resources and financial resources to develop such a solution. Lightspeed Trading Review: Pros and Cons. As you will discover from this Lightspeed review, many highly active investors choose Lightspeed for the fast execution times and competitive fees.
Lightspeed is a terrific fit for very frequent traders, offering customizable trading tools, flexible order types, and a choice of trading venues. I recently updated this Lightspeed Trading review. This platform was created by Townsend Analytics, which is used by professional traders. Trading tools can scan the market for criteria like trading imbalances between buy and sell orders, trades larger than a predetermined size, trades under parity, inversion trades and more.
TD Ameritrade, Inc. If you are a futures trader, then you are better served with a brokerage company specialized in futures trading. 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. This is a disadvantage because trade automation is the future. There are some other commission options too. But Lightspeed's trade automation API is not at all for retail traders or beginners. LightSpeed Trading is a platform that caters towards one specific kind of trader — the hyperactive one.
Since retail traders are not the target group, the education section is small. It provides an advanced charting package and improved order entry options. Lightspeed trading platform review malaysia. We may earn a commission when you click on links in this article.
Livevol X - This free platform is suited to nonprofessional traders. For options traders, the Livevol X Options Trading platform is the best choice. Though Lightspeed does offer competitive options and futures pricing, only very high-volume stock and ETF traders are likely to save using Lightspeed. Check out some of the tried and true ways people start investing. It offers charting, level 2, advanced stock scanners, and news.
Lightspeed is a U. Lightspeed Trading customers are day traders and day traders need fast trade executions. Advertiser Disclosure: How do you think that they make money? For that reason, the Lightspeed Trading review now focuses on the comparison to the leading day trading brokerages. When it comes to total costs, then you have to add the costs for: I already pointed out that Lightspeed Trading is more expensive than Interactive Brokers. Pros: The people were initially very friendly and helpful but it took 4 days to fill out my paperwork and get approved.
Cons: Opening the account was very hard.
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- Order/Ex Management.
After I got approved I got a letter saying they had checked my background and "because I was not able to get a FINRA license I would not be able to trade" I had already funded the account etc. Apparently you must have to have a perfect background to be able to work with these people. I finally got them to tell me what info they had on me and it was not my information very bad experience. Also I had traded with them in the past for 8 years. I have been using Lightspeed for years now and absolutely love them. If you are a frequent and serious trader, you should find the functionality in Lightspeed perfect for your needs.
LSTrader Platform is highly recommended. Executions are lightning fast. Another plus to Lightspeed is the ability to receive rebates on market fees if you add liquidity rather than take liquidity. Another thing I love about Lightspeed is the Customer Service.
Markets Offered
I have emailed my service rep Rob with almost every question imaginable and he is always very fast to respond. Their support desk is as well.
Many other brokers won't allow you to email support. As far as platform, trading, back office, customer support, and web tutorials, Lightspeed Excels. 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.
All in all, I would highly highly recommend Lightspeed for any serious trader. Especially if you are a frequent trader. It is way better than overrated HF brokers like Interactive brokers in my opinion. It took them 2 weeks to complete a transfer in my IRA account. I know there was no issue with the transferring brokerage because a transfer of another account from the same originating brokerage to a 3rd brokerage was completed in just 2 days.
This was the slowest account transfer I had ever experienced.
The best options trading platforms might give you an edge in the market
Lightspeed claimed that it was due to the type of positions I had in my account. Clicking on a green market buy button sends an order for shares of whatever ticker symbol is currently entered on the platform. A red sell button does the same. The option side displays calls and puts with 10 strategies available. I especially liked the Level II option data that was displayed in a separate window.
The windows that make up the equities and options platforms are automatically sized, but can be adjusted for a personal taste.
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I felt that charting on the platform had some serious deficiencies. It was difficult to set the time frame you have to go into settings. There are only 19 technical indicators and a few drawing tools. Besides Lightspeed Trader, other platforms can be used with a Lightspeed account. RealTick Pro is geared towards futures traders, and in fact is the only platform at Lightspeed that can trade them.
Livevol X is free and is designed with option traders in mind. It offers a derivative scanner and historical options data. Lightspeed offers a mobile app and website that can be used for buying and selling securities. These platforms are not designed for day trading or other sophisticated investing activity.
The primary advantage in using these resources is that they are free. The website has Level I quotes, customizable charts, watchlists, and after-hours trading. Disappointingly, per-share pricing cannot be used with the website. A Lightspeed associate can be reached over the phone during the week from am until pm, EST as found in the Lightspeed Trading Review.
The broker-dealer does not offer any weekend hours, nor does it have an on-line chat feature.