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1. #Lightspeed trading for free#
2. #Lightspeed trading pro#
3. #Lightspeed trading free#
4. #Lightspeed trading windows#

And Interactive Brokers offers service on Sundays. These companies include Ally Invest and Fidelity. Several brokerage firms offer 24/7 service. Lightspeed seems rather deficient in this category. There is a Lightspeed phone number for clients who are outside the U.S. The company can be contacted through e-mail, and it offers service in Spanish and Chinese. The broker-dealer does not offer any weekend hours, nor does it have an on-line chat feature. The mobile app is quite archaic when compared to modern apps like Fidelity‘s.Ī Lightspeed associate can be reached over the phone during the week from 7:00 am until 8:00 pm, EST as found in the Lightspeed Trading Review. Disappointingly, per-share pricing cannot be used with the website. The website has Level I quotes, customizable charts, watchlists, and after-hours trading. The primary advantage in using these resources is that they are free. These platforms are not designed for day trading or other sophisticated investing activity. Lightspeed offers a mobile app and website that can be used for buying and selling securities. It offers a derivative scanner and historical options data.

#Lightspeed trading free#

Livevol X is free and is designed with option traders in mind.

#Lightspeed trading pro#

RealTick Pro is geared towards futures traders, and in fact is the only platform at Lightspeed that can trade them. These third-party programs include RealTick Pro, Sterling, and Livevol X. That’s my opinion in the Lightspeed Trading Review.īesides Lightspeed Trader, other platforms can be used with a Lightspeed account. TD Ameritrade’s desktop platform has 400 technical studies, by comparison. There are only 19 technical indicators and a few drawing tools.

It was difficult to set the time frame (you have to go into settings). I felt that charting on the platform had some serious deficiencies.

#Lightspeed trading windows#

The windows that make up the equities and options platforms are automatically sized, but can be adjusted for a personal taste. I especially liked the Level II option data that was displayed in a separate window. Nevertheless, I found Lightspeed’s option platform to be easy enough to use. This is fewer than E*Trade offers, which is 14. The option side displays calls and puts with 10 strategies available. Clicking on a green market buy button sends an order for 100 shares of whatever ticker symbol is currently entered on the platform. What I especially liked about this section of the platform was the inclusion of hot buttons. This section shows market indices and stock prices.Įquities trading offers a watchlist, an order ticket, a small chart, and Level I data. The very top of the platform remains the same in both stock and option modes. It is possible to toggle between these two functionalities by clicking on either button at the top of the platform. The broker’s main desktop platform is divided into equities and options trading. LightSpeed Trading Platforms Lightspeed Trading

#Lightspeed trading for free#

As in the case with monthly fees for having less than $15,000, most traders and investors are used to getting massive software packages for free from brokers like TD Ameritrade and their Thinkorswim platform. The most expensive is RealTick Pro, which is $325 per month. Lightspeed offers several platforms, and most of them have fees. Many traders and investors are not accustomed to fees like these as the big discount brokers like TD Ameritrade and Fidelity do not charge such fees. The broker does reduce this charge by any commissions that are incurred during the preceding month. Lightspeed charges $25 per month for any account that has less than $15,000 in it. Investors who plan to trade using the broker’s website are able to open an account with just $10,000. Lightspeed Trading attracts a lot of day traders, and as a result, the broker requires a $25,000 deposit from clients that plan to use its desktop platform. Optionsĭerivatives cost between 60¢ and 20¢ per contract, depending on the number of monthly trades. For less than 250 trades, Lightspeed charges $4.50, and this rate decreases to $2.50.

Under the per-trade system, the flat fee is based on the number of trades an account places per month. Under the per-share schedule, the commission for stock and ETF trades starts at 0.45¢ per share with a $1 minimum and decreases to 0.1¢. There are two pricing schedules at Lightspeed Trading: one is based on the number of shares traded, while the other charges a flat fee per trade.