![]() ![]() The platform requires an advanced eye as it is not at all pretty. Their main platform (LightSpeed Trader) is incredibly fast, fluid and provides a decent platform when it comes to hyperactive trading. The majority of these are from third-party providers by LightSpeed also has three privately owned platforms, including LightSpeed Trader, LightSpeed Web Trader and LightSpeed Sterling. They do, however, have a ton of customization options and a load of interfaces for you to experiment with. Tools and Featuresīecause LightSpeed is so focused on making sure that you have the fastest platform possible, they don’t have a lot of tools when it comes to researching and learning. Options are the same but with a $.60 contract fee.Īs the platform is dedicated to the equity trading side of things, there are no EFTs and Mutual fund options for you to trade. ![]() If you order a larger number of shares you will receive a trade fee of $4.50. If you choose the per share trading option, you will receive a flat-rate of $.0045 including/excluding a routing fee. In addition, LightSpeed has two different tiered commission types – per trade and per share. LightSpeed solves this problem with a tiered commission system whereby the more trades you make the cheaper your fees. If you’re trading very fast and frequently throughout the day, you’re going to want to make sure you’re not racking up a bill with your broker via commissions. So, if you’re still curious to see what makes this platform tick, continue to read the article. This review will go over the features of LightSpeed to see if it is the right platform for you. LightSpeed has some impressive features and very low fees, which are greatly appreciated by the day trading community. If you’re looking for IRAs and other long-term investments, LightSpeed will not be able to offer a lot. If you are just getting started in trading, this is a platform that you should definitely avoid.īecause LightSpeed is designed for quick trades, there are not a lot of options when it comes to mutual funds and EFTs. This is all deliberate as the platform works perfectly when it comes to executing fast trades that require little research. It is for this reason why the majority of beginner investor will be put off by their sales pages as they are littered with jargon and lingo that only advanced members will recognize. ![]() LightSpeed Trading is a platform that caters towards one specific kind of trader – the hyperactive one. ![]()
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