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. 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 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. 6 Type of Trader Lightspeed Trading Is Best For.For more information, please visit the company’s website at. The organization strives to provide pertinent resources, tools, and education for successful self-directed investing. A Michigan based company founded in 2009, Reink Media Group owns and operates multiple finance based websites. , an industry-leading source for online brokers, is wholly owned by Reink Media Group. Lightspeed Institutional is a division of Lightspeed Trading, LLC. The Company offers securities and direct access brokerage, trading and advanced order routing services to their clients utilizing Lightspeed’s software products. “We continue to focus on providing a stable and speedy trading platform with competitive rates and research tools to enhance our traders experience.”įor more information on Lightspeed Trading or the Lightspeed Trader platform, please visit About Lightspeed Trading, LLCĪ subsidiary of Professional Trading Solutions, Inc - Lightspeed Trading, LLC, is a FINRA and NFA member and a fully disclosed introducing broker-dealer based in New York City and Chicago. "We are honored that for seven years in a row now, has acknowledged the important role Lightspeed plays for active traders,” said Kevin Ott, Co-President of Lightspeed Trading. once again cited the outstanding speed and fast order execution of the Lightspeed Trader platform as well as the highly competitive commission rates enjoyed by customers. Lightspeed has proven over the years to be a consistent winner for those “active and hyperactive traders” where volume is the name of the game. Measuring 308 variables across 10 categories, provides one of the most rigorous benchmarks in the online brokerage space aimed at helping traders find the right fit for their brokerage needs. NEW YORK-( BUSINESS WIRE)- Lightspeed Trading is pleased to announce that for the seventh year in a row it has been ranked Best in Class for Active Trading in the 2017 Online Broker Review by and also finished Best in Class with 4 stars for Order Execution.
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