Options begin at $0.60 per contract and drop to $0.20 per contract for a monthly volume of over 100,000 contracts. Alternatively, there is a $4.50 commission per trade that falls to $2.50 per trade for a monthly activity of over 10,000 trades. The starter commission per share is $0.0045, though this drops to $0.0010 for monthly volumes over 15,000,000 shares. Stocks and exchange traded funds (ETFs) have two avenues of commission, based on the volume of trades. Lightspeed Trading offers variable commission rates that are lower for more active traders. These international accounts allow foreign traders to access the US stock markets and the brokers range of services. Traders from countries outside the USA may also open accounts with Lightspeed Trading. Other Accounts – Joint Account, Partnership Account, Corporate Account, LLC Account, Registered Hedge Fund Account, Trust Account, Individual Retirement Account.At the end of each day, all the trades can then be cleared by one firm within the agreement, making the process less cumbersome. Clearing Member Trade Agreement Account – These accounts are aimed at traders who would use several brokers to conduct their trades.Delivery Versus Payment (DVP/RVP) Account – This trading model reduces some of the risk associated with the liquidity of the market around the settlement date.These allow heavily customized investment solutions that can meet specific requirements. Separately Managed Account – For investors with a large portfolio, SMAs are similar to a mutual fund but with you as the sole owner.
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Minimum account value of $175,000 required plus evidence of sufficient day trading experience. Portfolio Margin Account – Aimed at advanced and active traders, allowing access to higher leverage rates of 1:6, increasing their market exposure.Minimum account value of $25,000 for desktop trading, $10,000 to use web and mobile trading applications. Leverage is limited to 1:4 as per the Regulation T rules. Regulation T Margin Account – Standard equity and futures trading account.There are many account options available with Lightspeed Trading, from standard margin trading accounts to more specialized options aimed at hedge fund managers and brokerage firms. Lightspeed Trading also offer futures options. There are 11 currency futures, Bitcoin, agriculture, livestock, dairy, lumber, soft produce, energies, indices, interests and metals. Furthermore, a wide range of futures can be traded. The broker provides clients with access to all equities and options on the New York Stock Exchange, including exchange traded funds (ETFs) and real estate investment trusts (REITs). The countries accepted by Lightspeed include Canada, Australia, India, the UK and the UAE. The companys target clientele is active, high-volume retail and institutional traders from the US to Germany and Singapore.įoreign traders from some countries can open accounts with the broker, however further paperwork is required. The broker has offices in New York and Chicago and provides a medium to trade American stock markets. Lightspeed Trading is division of Lime Brokerage, a financial services technology company. Lightspeed Trading is a US stockbroker designed for active day traders.
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