Lightspeed Broker Comparison: Uncovering the Details

As an active trader, you understand the importance of finding a broker that offers competitive pricing and flexible commission structures. Lightspeed, a leading brokerage firm for professional traders, provides various options to suit your trading needs. In this article, we'll delve into the details of their commission structure, highlighting the benefits and limitations of their services.

Assuming Customer Priority Status

Lightspeed's option pricing assumes customer priority status, which means that clients can enjoy cost-effective commission rates. However, it's essential to note that this structure does not apply to Sterling Vol Trader customers, who have a unique pricing plan (visit 'Sterling Vol Trader pricing'(https://www.lightspeed.com/sterling-vol-trader-pricing) for more information).

Commission Structure: What You Need to Know

Lightspeed offers a range of commission rates depending on your trading activity. Active Trader Commissions, for instance, are not automatically applied to any account and do not adjust based on monthly volume. Per-share equities pricing is also unavailable on Lightspeed Web & Mobile, with a minimum commission of $1 applied to any options order.

Rounding Up Fees

In addition to commissions, routing fees/rebates and regulatory fees are charged separately. It's crucial to review these fees regularly, as they may increase if you fail to meet the trade/share thresholds listed above. Furthermore, rebates will not be issued for past activity.

Control Over Your Pricing Structure

As a Lightspeed client, you have control over your pricing structure, allowing you to customize your commission rates according to your trading needs. However, any rate changes must be requested through direct contact with the broker.

Lightspeed Trading Platforms

Lightspeed offers multiple trading platforms, including Eze EMS (formerly RealTick) and Multi-asset web-based trading platform. The former charges a minimum commission of $3.00 per order, while the latter features advanced technical analysis tools and industry-leading financial charts.

Forex Broker Comparison

For those interested in comparing Forex brokers, Lightspeed provides a side-by-side comparison feature on their website. Simply select up to three brokers from the drop-down menus to contrast their features.

Account Minimums and Fees

Accounts under $15,000 will be subject to a $25 monthly minimum commission fee, minus any actual commissions charged in the prior month. It's essential to review your account balance regularly to avoid these fees.

In conclusion, Lightspeed offers a range of options for active traders, from competitive pricing to flexible commission structures. By understanding their commission structure and fees, you can make informed decisions about your trading activities and optimize your performance with this leading brokerage firm.

Lightspeed broker comparison