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Lightspeed Trading

By on November 5, 2012
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LightSpeed Trading Logo

Lightspeed Trading has its headquarters in New York City and offers a diversified suite of products to investors. This includes stocks, bonds, mutual funds, options, futures, ETFs. Their platform is aimed at very active traders who are looking for cheap executions.

In this LightSpeed Trading review, I'll cover what Lightspeed Trading has to offer, who they're right for, and give you guys some links to the latest Lightspeed Trading promotions. If you've used Lightspeed Trading before, please add your own rating and review below.


Lightspeed Trading – The Basics:

Investments:

Stocks, bonds, options, futures, forex ETFs.

Commissions:

Stocks are $4.50 per trade, options and futures are $0.60 per contract, OTCBB $10 per trade, broker assisted trades are $20.

Investor Education:

Solid education resources via videos, webinars, and online trading community.

Mobile apps:

None.

Lightspeed Trading offers two platforms to brokers. Lightspeed Trader requires a minimum initial equity deposit of $25,000, and Lightspeed Web Trader that requires just $5,000 equity. Apply for an account now.


Pros & Cons Of Lightspeed Trading:

Pros

Cons

  • Some of the lowest commission rates
  • Direct access to exchanges and ECN’s
  • Practice Account for free
  • Interactive online community
  • Automated trading
  • High $10,000 minimum for using Lightspeed Trader
  • IRA fees is $35 for a year
  • Account opening involves paperwork and downloading forms
  • Web Trader platform has flaws requiring more time to enter order
  • No extended hours on the Web Trader platform
  • Customer service is not top quality

How Others Rated Lightspeed Trading In 2012:

Barron's: 3/5 stars

          Highest rated category: Costs

          Lowest rated category: Mobile

Smart Money: N/A (not rated)

          Highest rated category: N/A (not rated)

          Lowest rated category: N/A (not rated)


Word On The Street Is…

Active traders find the direct access to ECN’s and exchanges provided by Lightspeed Trading to be of great use. Also the comparatively low fees as well as the extremely low trading commissions are also reasons for traders to come here.

Overall takeaway: Lightspeed Trading is beneficial for extremely active traders who need very low execution rates. It is not really recommended if you are a beginner investor, an occasional trader, or buy-and-hold investor.


Lightspeed Trading Promotion Code:


Hit the link below to claim the latest Lightspeed Trading promotion. Click below to claim promotion code Get a 14 day no obligation trial at Lightpeed Trading

Where To Open A Lightspeed Trading Account:

Open A Personal/Joint/Custodial/Business Account With Lightspeed Trading: Apply Here

Open An IRA Account With Lightspeed Trading: Apply Here

Open A Forex Trading Account With Lightspeed Trading: Apply Here


P.S. Don't forget, if you've used Lightspeed Trading before, please help us by adding your rating and review below!

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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