![]() Lightspeed stands out when it comes to platform offerings. Equity pricing per share is not available for Lightspeed Web & Mobile.Īlong with this, All routing fees, margin fees and regulatory fees are charged separately. In the case of Lightspeed Web & Mobile, the minimum commission of $4.50 will be added to any option order. In the case of Eze EMS (formerly RealTick) There is a minimal commission amount of $3.00 that will be added to all orders. The amount charged is the same as the rate per share * 100. For Futures per side fees, it is $1.29 and Options – $1.79 per side.įor Lightspeed Trader and Sterling Trader Pro A minimum commission cost is applied to orders of smaller than 100 shares. If you're a Futures trader, then you're better off with a broker specialising in trading Futures. You can also trade Futures by using Lightspeed Trading, but for that you have to use their platform Eze EMS also known as RealTick as well as CQG. But who does trade 100,000 contracts per month? Those who trade more than 100,000 contracts per month will pay $0.20 per contract. The fee for options for per contract ranges from $0.20 to $0.6 depending on per month volume. On top of that, you have to pay routing fees of up to $0.0035 per stock traded. And fees for Stocks and ETFs for per trade starts from $2.5 up to $4.5. The fee for Stocks and ETFs ranges from $0.0010 to $0.0045 for per stock depending on your monthly volume. Following are the minimum requirements for Lightspeed Trader Accounts.įor Lightspeed WebTrader Accounts, the minimum requirement as follows: Lightspeed Trading Fees However, the minimal investment requirements of the broker are more than some of its competitors. Lightspeed's intended audience is professionals, or highly involved or high volume traders. T-bills (via a live broker) Lightspeed Review: Minimum Deposit Simple and multi-leg options (up to four legs) Moreover, its fixed-income offerings are limited to T-bills that can be traded through live brokers. The company does not offer commission-free ETFs or forex or mutual funds. The platform is focused on stocks, options and futures (you require an additional account to trade futures). Lightspeed is designed to appeal to active traders. IRAs—Traditional, Roth, and SEPs (US taxpayers only) Lightspeed Review: Products Offering Lightspeed offers a variety of DVP services.Īn agreement that permits an investor to engage in derivative trading with a restricted number of brokers, and then consolidate these trades with a single brokerage house to clear. Lightspeed provides accounts managed separately for customers who need an individual solution that meets particular investment requirements.ĭelivery versus Payment or Receipt versus payment. This means that customers who are qualified could increase their leverage over the standard intraday 4:1 or overnight 2:1 margins in the standard margin account. The SEC-approved rules for Portfolio Margin permit requirements to more accurately reflect the real risk of the portfolio within a particular brokerage account. They provide the following types of accounts for active traders:Īs per Regulation T, you may be able to borrow up to 50 percent of the cost of securities that are able to be purchased using a margin. Lightspeed is an introducer broker for Wedbush Securities, Inc. Lightspeed provides a variety of accounts, each one of which is able to satisfy the particular needs of your business. Call 888-LSPD-123 for more details and pricing.Open Live Account Lightspeed Review: Account Types Routing charges are subject to change without prior notice. Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate to Lightspeed. Stocks priced under $1.00 are subject to different routing charges and are not rebate eligible. Most aggressive orders sent on Lightspeed Trader and Sterling Trader Pro to ARCA and NSDQ will first be routed through Coda Markets, Inc. Regardless of the route selected in the dropdown, Hot Button, or Hot Key, the Firm may first direct that order through a vendor and may receive discounted execution fees and/or payment for order flow through that vendor that it does not pass on to its clients. If you select a venue for order routing, Lightspeed may handle as not held. Lightspeed offers additional routes not listed above. The venues above represent the most used routes. Pre and post-market eligible orders will have an additional charge of 0.003 per share. Lightspeed routing fees do not apply to Lightspeed Web Trader. For share prices, less than $1.00, 30 basis points times the total trade value will be charged. ![]() *The LSPT route is available from 9:30 to 4:00 pm ET.
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