Based on the research, the brokers were assigned low, medium, or high commission levels. We've also compared Lightspeed’s fees to its competitors. There is no information on swap charges (commission for transferring an order to the next day). $25 internal bank transfer, $50 external bank transfer, $25 check Non-trading fees include account maintenance and closing fees, inactive account, additional security measures, transaction cancellations, refunds, etc. Trading fees depend on the trading asset and the client's trading volume. Information about fees is publicly available on the company's website. The experts at Traders Union have analyzed the trading conditions of the Lightspeed broker for the existence of explicit and hidden commissions. Margin trading available: 1:4 during the day and 1:2 at nightĭifferent accounts may be required to trade different assets USD, it is possible to open a trading account in another currency for non-US residents Individual Account, Joint Account, Corporate Account, LLC Account, Partnership Account, Trust Account, Retirement Account, and demo LS Trader, Sterling Trader Pro, Livevol X, Eze EMS (Real Tisk) Pro, futures Platform, Derivix, Wex, SILEXX OEMS, CME Direct, CQG Integrated Client, CQG QTrader, CTS T4, Options City (VelA) Metro, Trading Technologies TT, Rithmic, Web & Mobile Lightspeed also charges customers for account maintenance, inactivity, transaction cancellation, and other non-trading operations. Every client account is protected from a broker's financial collapse: Lightspeed works with the SIPC to guarantee compensation in case of unforeseen circumstances.Īmong the drawbacks of the broker, one can single out high minimum deposits, the absence of electronic payment systems for replenishing an account and withdrawing funds. For the same reasons, investment programs and account management services are not available here.Īt the same time, the broker differs from competitors in a higher speed of execution of trades, as well as a low level of commissions in comparison with popular stock brokers. The broker prioritizes independent trading by clients and offers them optimal trading conditions. The company has set a high level of minimum deposits that are not comfortable for beginners, but it also offers over 10 trading platforms for investors with different needs. Lightspeed is a broker for professional stock market participants. Lightspeed specializes in providing investors with access to the stock markets, offering multi-ownership accounts and instant order execution. The SIPC, the Securities Investor Protection Corporation, is responsible for compensating Lightspeed customers in the event the broker files for bankruptcy. The company is overseen by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA). Lightspeed is an American stockbroker for experienced investors. Lightspeed is a broker aimed at American investors who already have considerable experience in trading in the stock market. Lightspeed ranks 31 among 75 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account. Having reviewed trading opportunities offered by the company and reviews posted by Lightspeed clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Lightspeed is a moderate-risk broker with the TU Overall Score of 5.95 out of 10. BNB Price Prediction Today (Binance Coin)
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