Lightspeed Trading Commissions
- Per Share plan: $0.0045 per share with $1 minimum per stock/etf trade
- Per Trade plan: $4.50 per stock/etf trade
- OTCBB and Pink Sheets: $10 per order
- Options: $0.60 per contract, no minimum/no order charges
- Futures: $0.60 per contract, no minimum/no order charges plus exchange fees
Lightspeed Important Fees and Surcharges
- Extended hours surcharge: $0
- Large order surcharge: $0
- Penny stocks surcharge: $0
- IRA setup fee: $0
- Annual IRA fee: $35
Lightspeed Trading Pros
- Best prices on almost all asset classes
- Direct access to ECNs and exchanges
- Fast executions
- Rebates
- Practice account
Lightspeed Trading Cons
- Major customer service issues
- Not stable connection
- Almost everything about their Web Trader platform
- Annual $35 IRA fee
- Charts need improvement
Lightspeed Trading Account Types
- Individual
- Joint
- Corporate
- Trust
- Partnership
- Sub-Accounts
- IRA’s - Traditional, Roth, and SEP’s (U.S Taxpayers only)
Lightspeed Review
Lightspeed Trading is one of the best priced brokerage firms in the industry.
Minimum to open account is just $1,000 for Web Trader (terrible web platform), and a steep $10,000 for Lightspeed Trader.
Lightspeed Trading is primarily used by very active traders who know what they are doing. Their trading platform has a steep
learning curve and don't expect to get much handholding. Customer service is hit and miss and is a major issue with this company.
Executions are very fast and you get all the rebates. The more volume you do as a trader, the more Lightspeed works with you to
help make you a more successful trader with deep pricing discounts.
Lightspeed Trading is only a must to try for active traders. Beginners, retirement account and inpatient investors should stay
away from this broker.
Lightspeed Trading Promotional Code
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