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  Lightspeed

Lightspeed

in Brokerages from Lightspeed

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Lightspeed

Unaffiliated

in Brokerages from Lightspeed

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Online Trade $2.50 - $6.25
Minimum to Open Account $10,000
Margin Rate Starting at 7.5%
Broker Assisted Trading Fee Starting at $25

Overview

Where is Lightspeed based?

Lightspeed is a brokerage based in New York, NY. Founded in 2006, Lightspeed is a good option for experienced traders who require additional research tools and more advanced reports.

This brokerage is a good choice for frequent traders who are looking for a fast platform with low costs that includes tools designed for day traders.

What assets can you invest in with Lightspeed?

Lightspeed does not provide investors with many options. It only offers access to the following assets:
Lightspeed Investment Options
Supported Options Unsupported Options
  • Stocks
  • Options
  • Futures
  • Cryptocurrencies
  • Bonds
  • Mutual Funds
  • FOREX
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups
  • What trading fees does Lightspeed charge?

    The online trading fees of Lightspeed are below the average ($8.90) for online brokerages. However, there are other fees to consider.
    Lightspeed Fees
    Trading Fees Amount
    Online Trade Fee $2.50
    Broker Assisted Trading Fee $25
    ETF Trade $2.50
    Returned Deposit Fee (International) $30
    Outgoing International Bank Transfer Fee $50

    How much do you have to invest to open an account?

    The minimum investment to open an account with Lightspeed is $10,000.

    What is the minimum amount to open a margin account?

    A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Lightspeed offers investors this service but the minimum amount is $175,000.

    What margin rates does Lightspeed offer?

    Lightspeed offers a margin rate that ranges from 7.5%.

    What brokerage features does Lightspeed offer?

    Lightspeed provides users with a variety of tools. These include:
    Lightspeed Brokerage Features
    Supported Options Unsupported Options
  • Real Time Quotes
  • Broker Assisted Trades
  • Stocks
  • No Fee IRAs
  • No-Commission ETFs
  • Retail Locations
  • Advisor Services
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Dividend Reinvestment
  • Automated Trading Strategy
  • Online Live Chat
  • Automated Trading Strategy
  • Account Transfer Fee Reimbursement
  • 24/7 Support
  • What research tools does Lightspeed offer investors?

    Lightspeed does not provide its users with a wide selection of research tools. It only includes 3 of the 15 research tools we track.
    Lightspeed Research Tools
    Supported Options Unsupported Options
  • Historical Performance Analysis
  • Webinars
  • ETF Top 10 Holdings
  • Fund Prospectus Access
  • Global Markets Analysis
  • Insider Transactions
  • Live Seminars
  • Mutual Bonds Analysis
  • Mutual Funds Analysis
  • Past Earnings Reports
  • Portfolio Allocation
  • SEC Filings
  • Social Sentiment Analysis
  • Stock Metric Comparisons
  • Account Transfer Fee Reimbursement
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    About Lightspeed

    Feature Breakdown

    Wire Transfer Fee - International (Incoming) $0
    Wire Transfer Fee - Domestic (Incoming) $0
    Online Trade $2.50 - $6.25
    Paper Statement Fee $5
    Returned Deposit Fee (Domestic) $30
    Wire Transfer Fee - Domestic (Outgoing) $20
    Wire Transfer Fee - International (Outgoing) $50
    Returned Deposit Fee (International) $30
    IRA Annual Fee Starting at $35
    IRA Closure Fee $95
    ETF Trades $2.50 - $6.25
    Margin Rate Starting at 7.5%
    Broker Assisted Trading Fee Starting at $25
    Minimum to Open Account $10,000
    Minimum Margin Account $175,000
    Research and Reports  
    Automated Trading Strategy  
    Brokerage Features
    • Email Support
    • Mobile Trading
    • Online Banking
    • Phone Support
    • Real Time Quotes
    • Trading Platform
    Research Tools
    • Historical Performance Analysis
    • Retirement
    • Webinars
    Investor Type
    • Advanced Traders
    • Frequent Traders
    • High Balance Investors
    • Long-Term Investors

    Reviews

     
     

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