Been doing great with them and would highly recommend them to any trader. The Lightspeed mobile app connects to Lightspeed Web Trader accounts, not the flagship Lightspeed Trader platform. The more volume you trade or the more frequently you trade, respectively, each month, the lower your rate will be. … The company also offers a lot of educational materials; so beginners should definitely sit up and take notice. The very top of the platform remains the same in both stock and option modes. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. Lightspeed Review 2020: Pros, Cons and How It Compares Lightspeed caters to professional or extremely active traders, and it shows in the broker's high balance requirement and … Terms of Use For options orders, an options regulatory fee per contract may apply. So Lightspeed Trading piqued my interest. Livevol X - This free platform is suited to nonprofessional traders. The technology used by Lightspeed allows for "lightning quick" trades, helping you … That said, it doesn't have the size and sophistication to offer lower costs than pricing leader, Unlike some competitors, Lightspeed offers its own proprietary trading platform, Lightspeed Trader, which we found to be complementary to Das Trader Pro. The Lightspeed trading platform is insanely fast. Lightspeed Trader is our flagship trading platform and one of the best trading software platforms available on the market. Let's take a look at the trading platforms in this Lightspeed review. This section shows market indices and stock prices. Is LightSpeed Trading Scam Conclusion While not a scam, Lightspeed Trading … Reasons We Like Lightspeed Trading. © 2020 Reink Media Group LLC. To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. Lightspeed is the best,ever since i started using this platform i feel very safe.i was scammed before on a particular exchange,i made an investment and after multiple winnings,i was locked out of my account … I found the charting to be just okay, and the analytical tools were certainly lacking, less the access to TipRanks research. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Disclaimers I came over to them from IB and am going to be here for a while 12 Lightspeed Trading reviews. Lightspeed Trading Review: Pros and Cons For active traders, Lightspeed was built to make your life easier and offers the most popular tools within a simplified desktop interface and mobile … Lightspeed is a U.S.-based brokerage firm with low commissions and several trading platforms to choose from. Platform fees and misc charges: The Lightspeed Trader platform charges a $130 software fee each month. That said, everyday investors will not find support for fixed-income (bonds), mutual funds, or any commission-free ETFs. Lastly, for futures trading, customers can select from several options: RealTick, CQG, CunninghamTrading Systems (CTS), NinjaTrader, Patsystems, Quick Screen Trading (QST), RAN, and Trading Technologies (TT). For our review, we focused solely on Lightspeed's flagship platform, Lightspeed Trader, a desktop-based platform designed for speed, stability, and execution. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. How do we make money? Lightspeed Trading is a US stockbroker designed for active day traders. About the author: Blain Reinkensmeyer All rights are reserved. Lightspeed Trading Review. Lightspeed makes little effort to offer fundamental and technical research tools since traditional research is mostly irrelevant to professional traders. Web Trader offers the same look and feel as Lightspeed Trader; however, the platform lacks advanced functionality such as hotkeys, level 2 quotes, basket order entry, and direct market access, and there is no access to TipRanks … Lightspeed is not an online broker built with new or casual investors in mind. Per-share equities pricing not available on WebTrader, Lightspeed Trading minimum deposit to open account, $5,000 for Web Trader, $25,000 for RealTick and Trader plans. Options trades start at $.60 per contract and scale down in cost according to monthly volume. Write a review. Feeling confused is a common experience for first-time visitors to the Lightspeed website, unless they can speak the lingo of Lightspeed's target market, the active trader. We may earn a … Operating as an online business, this site may be compensated through third party advertisers. It is a member of FINRA, the SEC, and SIPC. That said, it doesn't come close to matching the. Lightspeed Trading Review Summary Lightspeed Trading is, without a doubt, a reliable brokerage. At Lightspeed, it is not uncommon for customers to place over 1,000 trades each year. The trader fees for tradable products (equities, … While not the prettiest platform (it certainly would place last in any beauty pageant), the platform serves its purpose. Instead, it caters to active, professional, and institutional traders alike, all looking for fast executions, reliable market routes, and dependable platforms built to serve one purpose: trading. lightspeed.com Visit this website lightspeed.com. With its futures offerings, Lightspeed Trading would be great for investors who are interested in commodities and other products on the futures exchanges. All rights reserved. Some firms, such as … Even with access, functionality is scarce as the app focuses solely on the essential functionality required to trade. What I especially liked about this section of the platform was the inclusion of hot buttons. It continues to be developed in direct response to feedback that we receive … Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Participation is required to be included. Write a review Write a review Reviews 1 Write a review. Other platform options: Lightspeed offers customers multiple platforms to trade on. Most brokers, including TradeStation and Interactive Brokers, provide just one or two. Learn more about how we test. Every customer gets $500,000 worth of insurance from SIPC. Sarah Horvath. lightspeed.com. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. At Lightspeed, it is not uncommon for customers to trade over 1,000 times a year. Our Lightspeed broker review finds this broker’s fee structure quite complex largely due to the huge number of fees imposed on different trade categories. Web Trader offers the same look and feel as Lightspeed Trader; however, the platform lacks advanced functionality such as hotkeys, level 2 quotes, basket order entry, and direct market access, and there is no access to TipRanks research. Under Lightspeed's parent company, three platforms are corporate-owned: Lightspeed Trader, Lightspeed Web Trader, and Sterling Trader. While partners may pay to provide offers or be featured, e.g. As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. No customers have filed reviews of Lightspeed Trading. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks. Web trading: For less active investors insistent on using Lightspeed, who looking for something more basic (and less expensive), Lightspeed Web Trader (browser-based) is the best option. Lightspeed also has a supplem… The broker’s main desktop platform is divided into equities and options trading. Third-party trading platforms focused on equities trading on offer to customers include RealTick Pro and Express. Clicking on a green market buy … StockBrokers.com is committed to the highest ethical standards and reviews services independently. Filter by: Filter by: customer 11 reviews… Web trading: For less active investors insistent on using Lightspeed, who looking for something more basic (and less expensive), Lightspeed Web Trader (browser-based) is the best option. We may be compensated by the businesses we review. The definition of "active trader" has a different meaning at Lightspeed compared to traditional online brokers. A free inside look at company reviews and salaries posted anonymously by employees. Lightspeed Trading’s licensing, … As another example, if the trader spends only $40 in commissions, they would be charged $90 ($130 - $40) for that month. Benzinga Money is a reader-supported publication. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. SogoTrade, for example, … As a result, Lightspeed is one of the few online brokers whose goal is to avoid, Lightspeed's pricing is mostly on par with its competitors. If there is one benefit, Lightspeed Trader platform customers do have access to TipRanks at no additional cost. They also have earned several accolades, which include Barron's 2015 … It can be used on multiple monitors. Lightspeed Review Lightspeed, founded in 2000 and acquired by Lime Brokerage in 2018, is designed for the high-velocity stock and options trader. 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 … Lightspeed Trading was founded in 2006 and is currently headquartered in New York City with offices in Chicago and Houston as well. As an active trader, I'm always interested in finding discount brokers that offer faster trading for less money. As far as platform, trading, back office, customer support, and web tutorials, Lightspeed Excels. Lightspeed offers active traders fully featured stock and options trading. Copyright 2009-2020 ACM MEDIA LLC. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Commission spend applies towards this fee, so if a trader spends at least $130 in commissions the $130 fee is not applicable ($130 - $130 = $0). Self-directed trading aside, Lightspeed’s institutional arm offers algorithmic (algo) trading through its Lightspeed Trader API and black box developer kits, both of which are often used only by hedge funds. Lightspeed is one of the few online brokers whose goal is to avoid newer investors and those with little experience. It is a low-latency trading platform that promises to keep it simple and cheap. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. 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. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others. Bottom line though, beyond TipRanks, a stock scanner, and basic quotes, market research is not offered. Lightspeed's trades are low-latency. You can think of Lightspeed Trading … Traders who place larger orders can opt to pay per trade, starting at $4.50, plus/minus routing fees. Please see our General Disclaimers for more information. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. Lightspeed Trading Reviews 1 • Average . I have been working at Lightspeed Trading full-time for more than 3 years Pros Great atmosphere, management is very approachable, everyone seems to know when to be serious and … I gave Lightspeed Trading a test-drive … Low-latency translates to "fast." Base pricing: With per share trading, equity trades start at $.0045 per share plus/minus routing fees ($1 minimum). Our partners compensate us through paid advertising. The technology employed has proven consistent and stable and according to Lightspeed opinions, provides a strong foundation for reliable trading. After spending five months testing 15 of the best online brokers for our 10th Annual Review, here are our top findings on Lightspeed: Through the main platform, Lightspeed Trader, two-tiered commission structures are offered: per share and per trade. … That said, beyond placing lightning-fast trades, Lightspeed Trader has little to offer. Also, unless traders opt to use the LSPT Route, they are fully responsible for market center routing fees. For options trading, there is Livevol X (owned by the CBOE, Lightspeed is the only broker with an enterprise license to offer the platform to customers), Derivix, Obsidian, OptionsCity, Valdi Options Solutions, and Wex. Lightspeed review Lightspeed is a Multi-Assets Trading Platform with over 159+ Assets Lightspeed is a multi asset platform with 159+ tradable Assets.Assets available on Lightspeed include Forex trading, CFD trading, Share Dealing.. Lightspeed … Lightspeed Trading Review: Pros Lightspeed’s selection of trading platforms is excellent. Monthly Software Fee: $100 for Lighspeed Trader; $130 for Sterling; $275 for RealTick Pro; $0 for WebTrader, On Lightspeed Trader and Sterling Trader, a minimum commission charge of $1.00 will be applied to any order, On RealTick, a minimum commission of $3.00 will be applied to any order, On WebTrader, minimum commission of $4.50 will be applied to any options order. Here is a list of our partners. Our Lightspeed USA review is pleased to announce that Lightspeed provides a fantastic platform for trading options. Lightspeed stands for extensive trading education facilities, a wide range of trading platforms available, as well as fair prices for stocks, options, and futures trading. In addition, the BBB knows of no government action involving the marketplace conduct of Lightspeed Trading LLC and has nothing to report concerning Lightspeed's advertising at this time. Rebates are provided for adding liquidity, while charges are assessed for taking liquidity. 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. Lightspeed is a direct-access online brokerage that focuses on serving active and professional traders through its in-house and third-party trading platforms. Equities trading offers a watchlist, an order ticket, a small chart, and Level I data. For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over five months and used to score brokers. As always, quality comes at a higher price, and that’s the reason why Lightspeed customers pay a monthly fee for the software used on the broker’s main trading … Privacy Policy. Casual traders beware, not trading enough means paying high monthly platform fees. Livevol X features include multi … Lightspeed Review: Summary Lightspeed is an online broker that offer trading stocks, futures, options, mutual funds and exchange-traded funds (ETFs) for retail and institutional traders. This means direct market routing to numerous venues, an extensive list of order types, and complex options. It is possible to toggle between these two functionalities by clicking on either button at the top of the platform. Contributor, Benzinga September 15, 2020 Updated: September 16, 2020. 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