Online Stock, Options and Futures Trading

Lightspeed Trading reviews, ratings, pros and cons, complaints from brokerage customers

Lightspeed Trading Ratings

Lightspeed Trading average user rating: brokerage firms reviews

Lightspeed Trading BrokerageReviews.org rating: 4-star brokerage firm rating

Lightspeed Trading Review: Stocks, ETFs & Options Trading Commissions

Stocks and ETFs: $.0045 per share, plus/minus Market Center Fees, $1 minimum per trade
OR $4.50 per order, plus/minus Market Center Fees
OTCBB and Pink Sheets: $10 per order, plus/minus Market Center Fees
Options: $0.60 per contract, no minimum/no order charges
Futures: $0.60 per contract, no minimum/no order charges plus exchange fees

Minimum To Open Lightspeed Trading Online Brokerage Account

$1,000 to use Lightspeed Web Trader. $10,000 minimum to use Lightspeed Trader.

LightSpeed Promotional Code/Offer/Bonus 2012

Lightspeed Trading Reviews


by Joe, 11/13/2010 Pros: Cons: Exceptional rates!! small company but very reliable. Small company has its own problems such as not enough staff to support their growing needs, hence customers have to wait little longer (1-2 mins) to get hold of someone.
by M1llz28, 10/13/2010 Pros: Cons: Does live up to everything you expect from your broker. A lot of prop firms use Lightspeed and their speed, execution, and other tools they have is great. Charts are OK but I think they can improve on that a little more. Other than that I am sure you will be hapy with them.
by Rajat, 10/13/2010 Pros: Cons: I am a daytrader with ADD. I need a fast stock trading platform so I can get in and out of my positions. Lightspeed seems to be the platform for me.
by J Ross, 9/9/2010 Pros: None Cons: Everything They offer the worst customer service I have ever used in my 35 years of trading. There trading platform is an attic. There commissions are not low, as expected, nickling and diming for everything. But the worst thing is there cust. service - it is SLOW - SLOW - SLOW.
by CEO STI, 4/23/2010 Pros: Cons: fast executions!! commissions ( ecn rebates ) all in one platform. You can customize almost everything --- charting not always accurate custumor support are not always responding on e-mails data feed for options and news adds up the total fees when trading larger blocks it's expensive
by Geri Richard, 3/12/2010 Pros: Cons: very fast fills butthats where it ends . the platform is buggy not nearly as reliable as it should be . my broker,tech support, and customer service are the worst. totally screwed up and delayed the opening of the acct{lost paperwork,no return phone calls} . tech problems never resolved . a few days ago i requested the use of a simulated acct.to test some strategies via email and phone. havent heard from them since then .other than that they are wonderful !lol. i plan to change brokers asap
by Mario, 2/13/2010 Pros: Cons: see all of these postings about Lightspeed being slow and not working well but I rarely ever have a quote issue. Still the best fills around for the best price around. Great reliability. For support im low maintenance but have never had a problem.
by thurstonhowell, 1/19/2010 Pros: Cons: The Good: I like the software, you can customize the platform and it will do what you want it to. They have direct pipes to the Exchanges/ECNs and the quotes and executions are very fast. They have endless combinations of order types, pretty much anything you can ask for except for institutional orders like pegging and algos. Hot keys and hot buttons galore. Great for intra-day scalping. The Bad: Customer service leaves a lot to be desired. The RMs couldn't care less and you can hear it in their voices. Emails will go unanswered. When they have technical problems good luck getting through on the phone. I imagine that the software might be difficult for beginners to navigate/customize and the help manuals are a mess. Built for traders who are experienced with electronic platforms. No margin on any leveraged ETFs...cash only. Per share commish can add up when trading size, especially when taking liquidity. Monthly data fees. Charts are sorry. The Ugly: Connectivity can be an issue, particularly during fast markets. The platform is very sensitive to any minor wiggles in your Internet connection, and it has gone down on me many times. I'm logged in every day bell to bell and I estimate that I lose connectivity 2-5 times a month. The drops can range from 10 seconds (if a minor wiggle in connection) to many hours (if they have a problem at their servers). Bottom Line: A great scalping platform for experienced traders, but not without some serious drawbacks. I use them, but only because I also have other options running simultaneously for when (not if) they go down.

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Lightspeed Trading reviewed by BrokerageReview.org users. 8 customer reviews. Rating: 4.

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