The more you buy, the more you save per-share. There are five price levels, depending on how many shares you buy. ![]() Equities trade commissions are per share and per trade. Lightspeed Trading pricingīecause Lightspeed was designed for institutional investors first, it has a unique pricing model compared to many retail brokers. When you log in, you are connected via SSL, an industry-standard encryption method, and your trades are routed through low-latency systems right to the exchanges to lock in market prices at near-instant speeds. The platform clearly is designed for active traders looking to enter and manage their accounts securely as quickly as possible. You can access summaries of your accounts and more from the Windows style menus at the top of the app, or click around to manage your account and positions and enter trades. Layouts can be customized to your needs, and predefined default layouts are available to fit various screen resolutions. With one click, you can update charts to show a 90-day view, 52-week view, one-hour view or five-minute view. The loaded security in the trade tool automatically updates the option spreads and charts at the bottom of the window. Equity and ETF trades are routed through the NYSE ARCA Exchange, the first all-electronic exchange in the U.S., with more than 8,000 available securities to trade.īeyond the hot buttons, you can also quickly enter trades of any stock or option, with live updates on market prices and bid/ask spreads. I like the focus on “Hot Buttons” in the center of the screen, which give you an ability to quickly buy or sell a round lot of 100 shares of stock at market rates or close out options orders in a click. (I've used several desktop trading software packages and a Bloomberg terminal.) I could quickly see stock prices and market data from the home screen. Logging into the platform with a new demo account, I was greeted with a populated trading platform interface, which looked familiar and comfortable to me. Downloading and installing took me about two minutes on my fast internet and Macbook Pro laptop. I tested the Mac version, though versions are also available for 32-bit and 64-bit Windows machines. To get the full power of Lightspeed, it's best to download and install a desktop version of the trading platform. Accounts funded by wire transfer can typically begin trading 24 hours after funding a new account. If you fund your account by ACH or check, funds are subject to a five-business-day hold. You can fund your account with a bank wire, ACH or check. This eliminates beginner and low-level investors. To open a new account, new customers must fund an account with a minimum balance of $10,000. However, if you are a serious, active investor, Lightspeed Trading is just right for you. ( Here are others that we've reviewed at Investor Junkie.) If you are a passive investor with a relatively small portfolio, you are likely better off with a major discount brokerage. Lightspeed is clearly designed for the most active investors, alongside institutional investors. Some institutional investors do pay for it. Retail investors do not pay for market data at Lightspeed. The Web/Mobile Trader platform is free to use and charges no monthly software fees. The Web/Mobile Trader platform gives you access to the following features: I should note that Lightspeed is limited, compared with full-scale brokerage firms such as E*TRADE and TD Ameritrade, which also offer bonds, mutual funds and other investments. The web and mobile platforms for retail investors do not include futures trading access. Overall, Lightspeed offers trades for equities (stocks), options and futures. But if you do happen to run an investment fund with tens of millions of dollars, be aware that Lightspeed can handle your needs as well. ![]() The first four platforms are designed for professional traders, so we are going to focus on the web and mobile trading platform designed for retail investors like us. The Lightspeed platform comes in five different varieties: LS Trader, Sterling, Livevol X, RealTick Pro and Web/Mobile Trader. This means regular investors can get access to some of the same powerful tools that hedge fund managers use to manage their massive portfolios. Lightspeed Trading is a discount broker that serves both institutional investors and retail investors like you and me. Phone: 24/7 Email What is Lightspeed Trading?
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