Lightspeed Trading is a risk management and brokerage company for private traders, institutional investors and hedge funds.
About company. Fund security
The firm is owned by Lightspeed Trading, LLC, which is headquartered in New York. This broker is licensed by reliable US regulators: Financial Industry Regulatory Authority, National Futures Association, Securities and Exchange Commission. There is no need to doubt the reliability of this broker.
In addition, the broker is a member of the Securities Investor Protection Corporation (SIPC), so that if the company goes bankrupt, the client can return up to $ 500,000.
Clients can open the following types of accounts with Lightspeed: Individual, Joint, Corporate, Trust, LLC, Separate Hedge Fund Accounts, Retirement Accounts.
All transactions in the company are executed using DMA technology, which ensures low trade delay. Available trading assets: stocks, options, futures.
It depends on the platform the client chooses:
$ 25,000 - if you are using Lightspeed Trader, RealTick or Sterling Trader platforms;
$ 10,000 - using the Web Trader platform;
$ 25,000 - when using the Livevol X platform.
The very minimum that a client needs to deposit is $ 10,000, which is considered a high minimum deposit in the field of trading. However, the presence of licenses from such serious regulatory bodies most likely speaks of a reliable reputation, which means that you can safely invest large sums. For those who are just starting to master trading, we recommend choosing brokers with the smallest deposit. You can familiarize yourself with the companies in our ranking.
Standard fees: $ 0.0045 per share, $ 0.60 per option contract, $ 0.60 per futures contract.
However, Lightspeed encourages active traders by offering lower fees. Active traders who trade more than 500 options contracts per month can qualify for even lower rates. Those who trade over 100,000 contracts per month will pay as little as $ 0.20 per contract.
If you trade more than 1,000,000 shares per month, then you are eligible to pay a commission of $ 0.0025 per share.
If you consider yourself an active trader, then request access to lower commissions by calling the broker's phone number or by e-mail.
Lightspeed Trading offers several trading platforms: LightspeedTrader, Lightspeed Web / Mobile Trader, Sterling Trader, RealTick Pro and Express, Livevol X.
Lightspeed Trader is the flagship trading platform and, according to the broker, is one of the best trading platforms available on the market. The terminal with a fully customizable and intuitive interface, charts and filters ensures fast execution of all trades. Since 2017, the platform has been available on mobile devices.
Sterling Trader Pro offers an advanced graphics package, direct electronic access to all exchanges and ECNs, full control over system components for quick access to markets and exchanges.
RealTick is suitable for active traders, registered investment advisors (RIAs) and hedge funds. It provides sophisticated trading tools, unrivaled access to liquidity, real-time data, charting, analytics and streaming news.
Lightspeed offers phone and email support. The broker also offered clients chat advice, but the service was closed in mid-2012.
Connecting with specialists in most cases takes less than 1 minute. However, if they did not respond immediately, then the trader can wait for an answer for an hour or even several days. Unfortunately, the support team does not answer all customer questions.
Traders will find a lot of useful educational information divided into different product classes. These are short video tutorials that last an average of 3 minutes.
Webinars are also regularly held and news is published on the portal, including company updates on social media such as Twitter.
The site is available in English, Spanish and Chinese.
Ways of payment
Only bank transfers are available. Depositing funds is free, a withdrawal fee of $ 20 for domestic transfers within the country and $ 50 for international transfers is charged. Withdrawal requests are processed on the day of submission, money is credited to the account within 3-5 days.
regulated broker; low commission for trading instruments is available to active traders; a large selection of trading platforms.
high minimum deposit; accepts payments only by bank transfers; commission is charged for depositing and withdrawing funds.
LIGHTSPEEDTRADING is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker LIGHTSPEEDTRADING makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. LIGHTSPEEDTRADING received a score of 1 of 5 on our resource.