{"id":11764,"date":"2023-05-24T13:39:06","date_gmt":"2023-05-24T13:39:06","guid":{"rendered":"https:\/\/www.wallstreetzen.com\/blog\/?p=11764"},"modified":"2024-09-06T15:25:01","modified_gmt":"2024-09-06T15:25:01","slug":"lightspeed-trading-review","status":"publish","type":"post","link":"https:\/\/www.wallstreetzen.com\/blog\/lightspeed-trading-review\/","title":{"rendered":"Lightspeed Trading Review: What is the Platform&#8217;s Real Cost &#038; Commissions?"},"content":{"rendered":"\n<p>Lightspeed Trading&#8217;s claim to be the most reliable platform has traders&#8217; interest piqued.<\/p>\n\n\n\n<p>In today&#8217;s lightning-fast world of stock trading, staying ahead of the competition means making quicker decisions on a reliable platform. If your platform\u2019s not up to speed, it can lead to a lot of frustration \u2014 and potential losses. <\/p>\n\n\n\n<p>That\u2019s why I took the time to create this Lightspeed Trading review post so you could peek behind the curtains BEFORE you buy. <\/p>\n\n\n\n<p>Let\u2019s dive in. <\/p>\n\n\n    <div id=\"callout-box-block_f8da65d525101fd4b562be110eb4735f\" class=\"callout-box promo\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon promo\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M21.41 11.58l-9-9C12.05 2.22 11.55 2 11 2H4c-1.1 0-2 .9-2 2v7c0 .55.22 1.05.59 1.42l9 9c.36.36.86.58 1.41.58.55 0 1.05-.22 1.41-.59l7-7c.37-.36.59-.86.59-1.41 0-.55-.23-1.06-.59-1.42zM5.5 7C4.67 7 4 6.33 4 5.5S4.67 4 5.5 4 7 4.67 7 5.5 6.33 7 5.5 7z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p><!-- wp:paragraph --><\/p>\n<p><strong>At-a-glance: Lightspeed alternatives<\/strong><\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>Lightspeed Trading has a lot to offer, but it\u2019s not the only high-powered brokerage out there. Here are some alternatives to consider (keep reading to learn more)&#8230;<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<ul>\n<li>Best for advanced traders: <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/li>\n<li>Best for shorting: <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradezero\" target=\"_blank\" rel=\"noopener\">TradeZero<\/a><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/li>\n<li>Best analytic tools: <a href=\"https:\/\/www.wallstreetzen.com\/go\/interactive-brokers\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a><\/li>\n<\/ul>\n<p><!-- \/wp:paragraph --><\/p>\n<\/div>\n    <\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.2gsv3zu9318y\"><strong>The bottom line:<\/strong><\/h4>\n\n\n\n<p><a href=\"https:\/\/lightspeed.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Lightspeed Trading<\/a>&nbsp;is lightning-fast and definitely worth the price. <\/p>\n\n\n\n<p>Investors get access to ultra-low commissions, fast execution speeds of up to 4.5 microseconds, and a whole suite of advanced trading tools. <\/p>\n\n\n\n<p>As a bonus, their platform is both desktop and mobile-friendly, making on-the-go trading even easier. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-trading-review.png\" alt=\"Lightspeed trading review\"\/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h.uk3lpwm6a65x\"><strong>Who is the Lightspeed Trading Platform Good For?<\/strong><\/h2>\n\n\n\n<p>The Lightspeed Trading&nbsp;platform is a good choice for both active&nbsp;traders and long-term investors who want a low-commission platform, access to advanced trading tools, and faster execution speeds. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.i0t9ojhx9782\"><strong>Lightspeed Trading Review&nbsp;&nbsp;<\/strong><\/h2>\n\n\n\n<p><strong>Rating<\/strong>: 4.5\/5<\/p>\n\n\n\n<p>Lightspeed Trading&nbsp;reviews on the company website praise the customer service and lack of lag time with orders.&nbsp;<\/p>\n\n\n\n<p>Overall, I give the platform four and a half stars. My Lightspeed Trading&nbsp;review takes a lot of things into consideration, but I ultimately graded the platform based on its performance deliverability and value compared to its price. <\/p>\n\n\n\n<p>Let\u2019s go over what exactly that is. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.xo74y8syfa43\"><strong>Lightspeed Platforms <\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/lightspeed.com\/\" target=\"_blank\" rel=\"noopener\">Lightspeed<\/a>&nbsp;offers a variety of advanced trading platforms and features catering to an array of investor needs and preferences. This is nice because it doesn\u2019t matter if you\u2019re a new investor, a global investor, or a long-term stock investor; there\u2019s something for everyone.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-trading-platform.png\" alt=\"Lightspeed trading platform\"\/><\/figure><\/div>\n\n\n<h4 class=\"wp-block-heading\" id=\"h.oy7xlziymgzc\"><strong>Platforms offered<\/strong><\/h4>\n\n\n\n<p><strong>Lightspeed Trader:<\/strong>&nbsp;This Lightspeed&nbsp;platform is actually their flagship product designed for active traders, offering advanced features such as customizable layouts, HotKeys, and advanced charting capabilities.<\/p>\n\n\n\n<p><strong>Sterling Trader Pro<\/strong>: This platform is a professional-grade trading platform designed for institutions and high-frequency traders. It offers real-time level II market data, advanced order entry, risk management, and algorithmic trading capabilities that are more complex than most individuals need.<\/p>\n\n\n\n<p><strong>Sterling Vol Trader:<\/strong>&nbsp;This next-gen platform has advanced options trading capability and sophisticated analytic tools, including risk analysis indicators.<\/p>\n\n\n\n<p><strong>Eze EMS Pro (formerly RealTick):<\/strong>&nbsp;This is a comprehensive trading platform that provides advanced analytics, multi-asset trading, and sophisticated risk management tools for both professional traders and hedge funds.<\/p>\n\n\n\n<p><strong>Eze EMS Express: <\/strong>A value alternative to Eze EMS Pro, this platform can trade options, futures, and equities using HotKeys and has advanced charts, analytics, news streaming, and scanning tools. <\/p>\n\n\n\n<p><strong>Silexx Oems:<\/strong>&nbsp;This platform is ideal for active and professional traders. This cloud-based and on-premise platform offers multi-asset trading capabilities and was crafted for maximum trade efficiency. <\/p>\n\n\n\n<p><strong>Wex:<\/strong>&nbsp;Designed for derivatives, its real-time data provides a deep look into options and the marketplace. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.xdf6ccyokcyq\"><strong>Account types <\/strong><\/h4>\n\n\n\n<p>Investors can choose to link cash accounts, margin accounts, and IRA accounts.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.v6jfjmv6yawx\"><strong>User experience<\/strong><\/h4>\n\n\n\n<p>Lightspeed&nbsp;excels with its user experience. The sleek interface and easy-to-use tools make managing portfolios easier and more efficient. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.lw48j3o675yz\"><strong>Technology<\/strong><\/h4>\n\n\n\n<p>I love the tech behind this company. I like how they provide relatively complex and customizable options while making it easy to use. The company designed the user interface to be fluid and seamless for those who have high-frequency stock and options traders and who need minimal latency.<\/p>\n\n\n\n<p>The platforms operate on Microsoft Windows and Intel technology, making any in-house integrations fairly straightforward. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.n438akd2n9hv\"><strong>Assets available<\/strong><\/h4>\n\n\n\n<p>Lightspeed&#8217;s platform allows investors to trade in stocks, options, ETFs, and futures. Crypto is under a separate platform called Lightspeed Crypto.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.5wh5m7e4nprv\"><strong>Order types <\/strong><\/h4>\n\n\n\n<p>I love the customization that comes with this feature. You can opt to buy at a certain price (Buy Order type), limit how much you will pay (Limit Order type), hold your buy until a certain price (Stop Limit Order type), and many other options.<\/p>\n\n\n\n<p>You can choose order types based on market conditions, the asset&#8217;s liquidity, and price and execute trades more efficiently. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.7w0f83m1l6cs\"><strong>Other features<\/strong><\/h4>\n\n\n\n<p>With Lightspeed, you can access data from 50+ exchanges and brokers.<\/p>\n\n\n\n<p>They also offer direct market access (DMA), a feature that allows you to trade directly on the order books of multiple exchanges, reducing latency and giving you more control over your trades. With this direct access, you get real-time access to market data and analytics.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.todl7uawg3ld\"><strong>Tools + Resources <\/strong><\/h2>\n\n\n\n<p>A wide array of market research features helps investors stay ahead of the curve and make quick, confident decisions. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.7s3dgwua624n\"><strong>Screeners<\/strong><\/h4>\n\n\n\n<p>Lightspeed&#8217;s&nbsp;Screeners feature is an absolute game-changer for most investors. It provides a quick and easy way to find the right stocks for your portfolio or trading strategy. <\/p>\n\n\n\n<p>Whether you&#8217;re looking for stocks that have increased dividends in the past year or ones with high volume and low volatility, the intuitive platform makes finding these criteria fast and simple.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.lj4yq5e8r4o\"><strong>Charts<\/strong><\/h4>\n\n\n\n<p>Lightspeed\u2019s charting tools are better than most of their competition. They allow both real-time runs and historical data + analysis. <\/p>\n\n\n\n<p>They also offer an extensive list of 150+ customizable technical indicators. <\/p>\n\n\n    <div id=\"callout-box-block_38571f17d68650228743bcb696fccd28\" class=\"callout-box promo\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon promo\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M21.41 11.58l-9-9C12.05 2.22 11.55 2 11 2H4c-1.1 0-2 .9-2 2v7c0 .55.22 1.05.59 1.42l9 9c.36.36.86.58 1.41.58.55 0 1.05-.22 1.41-.59l7-7c.37-.36.59-.86.59-1.41 0-.55-.23-1.06-.59-1.42zM5.5 7C4.67 7 4 6.33 4 5.5S4.67 4 5.5 4 7 4.67 7 5.5 6.33 7 5.5 7z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Related reading: <a href=\"https:\/\/www.wallstreetzen.com\/blog\/does-technical-analysis-work\/\" target=\"_blank\" rel=\"noopener\">Does technical analysis work?<\/a><\/p>\n<\/div>\n    <\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.qfaqq5ye9hum\"><strong>Tools + Calculators<\/strong><\/h4>\n\n\n\n<p>Lightspeed&nbsp;offers a wide range of calculators, something both unique and useful. They offer an option pricing and margin calculator, which compares different strategies, and a decision tree calculator which provides risk\/reward scenarios when considering trades.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.bsx7deky8lpv\"><strong>Trading ideas <\/strong><\/h4>\n\n\n\n<p>I especially like Lightspeed Trading&nbsp;Ideas. Using their extensive access to data and analytics, they identify trends for you. They also give alerts to market movements.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.bv8p9neco46m\"><strong>Research tools<\/strong><\/h4>\n\n\n\n<p>I love that you can easily access comprehensive market data, news, and streaming quotes \u2014 all in one place. It makes it a lot easier to track investments and identify new opportunities with greater speed and accuracy.<\/p>\n\n\n    <div id=\"callout-box-block_c1f76e507d1de35faccf12a63c33ea66\" class=\"callout-box promo\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon promo\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M21.41 11.58l-9-9C12.05 2.22 11.55 2 11 2H4c-1.1 0-2 .9-2 2v7c0 .55.22 1.05.59 1.42l9 9c.36.36.86.58 1.41.58.55 0 1.05-.22 1.41-.59l7-7c.37-.36.59-.86.59-1.41 0-.55-.23-1.06-.59-1.42zM5.5 7C4.67 7 4 6.33 4 5.5S4.67 4 5.5 4 7 4.67 7 5.5 6.33 7 5.5 7z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Need a leg up?<\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>One of the biggest questions traders and investors have is this:<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>How do I find stocks to trade?<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p><a href=\"https:\/\/www.wallstreetzen.com\/go\/seeking-alpha\" target=\"_blank\" rel=\"noopener\">Seeking Alpha<\/a>\u00a0can help speed up your learning curve. Unlike Lightspeed, it\u2019s not a brokerage \u2014 it\u2019s a powerful resource for research, news, and community.<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>Check out our <a href=\"https:\/\/www.wallstreetzen.com\/blog\/seeking-alpha-review\/\" target=\"_blank\" rel=\"noopener\">Seeking Alpha review<\/a>\u00a0here \u2014 if you like what you see, try out <a href=\"https:\/\/www.wallstreetzen.com\/go\/seeking-alpha\" target=\"_blank\" rel=\"noopener\">Seeking Alpha<\/a> today (use that link for a $25 discount!)<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<\/div>\n    <\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.491wdqbnbvmp\"><strong>Education<\/strong><\/h4>\n\n\n\n<p>Lightspeed features an extensive library of educational materials for investors, including tutorials, webinars, detailed Q&amp;As, and more. <\/p>\n\n\n\n<p>They are unique in that these materials can be useful for both novice and experienced investors, allowing room and support for growth. Many platforms focus only on beginner investors with their educational materials. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.g4bnkeiigbyu\"><strong>Customer service<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-heading\">Lightspeed&#8217;s customer service department is open from 8:00 am to 11:00 pm EST, seven days a week via chat or email.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-trading-reviews.png\" alt=\"Lightspeed trading reviews\"\/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h.i1d66o6op7cp\"><strong>Lightspeed Cost <\/strong><\/h2>\n\n\n\n<p>Lightspeed costs are comparable to other platforms \u2013 &nbsp;lower than many, though the minimum account balance is considerably higher than some of the other platforms I have reviewed.<\/p>\n\n\n    <div id=\"callout-box-block_232087577b80aaef1ecfb7a420251d75\" class=\"callout-box info\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon info\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M12 3c-.46 0-.93.04-1.4.14-2.76.53-4.96 2.76-5.48 5.52-.48 2.61.48 5.01 2.22 6.56.43.38.66.91.66 1.47V19c0 1.1.9 2 2 2h.28c.35.6.98 1 1.72 1s1.38-.4 1.72-1H14c1.1 0 2-.9 2-2v-2.31c0-.55.22-1.09.64-1.46C18.09 13.95 19 12.08 19 10c0-3.87-3.13-7-7-7zm2 16h-4v-1h4v1zm0-2h-4v-1h4v1zm-1.5-5.59V14h-1v-2.59L9.67 9.59l.71-.71L12 10.5l1.62-1.62.71.71-1.83 1.82z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Curious about a few of the platforms that don\u2019t have as high a minimum balance requirement and $0 commissions? Check out our <a href=\"https:\/\/www.wallstreetzen.com\/blog\/best-discount-broker\/\" target=\"_blank\" rel=\"noopener\">best discount broker<\/a>\u00a0roundup.<\/p>\n<\/div>\n    <\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.76hfx4oav0o9\"><strong>Account minimum: <\/strong><\/h4>\n\n\n\n<ul>\n<li>$25,000 Minimum <\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.qlqu3n81o3to\"><strong>Lightspeed Commissions:<\/strong><\/h4>\n\n\n\n<p>Lightspeed&nbsp;Commissions Range From $.0001-$2.5\/ Share (Depending on the Asset &amp; Platform)<\/p>\n\n\n\n<p><strong>Other Fees<\/strong>: Additional Misc. Nominal Fees May Apply<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"976\" height=\"1082\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-cost.png\" alt=\"Lightspeed cost\" class=\"wp-image-11760\" srcset=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-cost.png 976w, https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/lightspeed-cost-768x851.png 768w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h.buy9e9word2k\"><strong>How Lightspeed Makes Money<\/strong><\/h2>\n\n\n\n<p>Lightspeed makes money by charging commissions and fees for trading activities. Their commission rates are highly competitive. They also provide rebates on trades when you add liquidity to the market. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.oo6ze6ndh94y\"><strong>Is Lightspeed Safe? <\/strong><\/h2>\n\n\n\n<p>Lightspeed has been in business for nearly 20 years and is an incredibly safe platform to invest with. They have a comprehensive set of security protocols and use 2 step data encryption. In addition, they automatically insure each account up to $25,500,000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.9ge6mso73peq\"><strong>Pros and Cons of Lightspeed <\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"mtr-table mtr-tr-td\"><tbody><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><strong>Pros<\/strong><\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><strong>C<\/strong><strong>ons<\/strong>\u00a0<\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Great for both active and professional traders<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Limited range of asset classes <\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Low commissions, fees, and margin rates<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">High minimum account balance <\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">High-speed execution<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Complicated trading platforms may have a steep learning curve for new traders<\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Backtesting tools to analyze stock performance<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Smart routing algorithms and algorithmic trading systems <\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Advanced charting tools and technical analysis indicators<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Extended customer service support hours<\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><\/div><\/td><\/tr><tr><td data-mtr-content=\"Pros\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\">Access to global markets <\/div><\/td><td data-mtr-content=\"Cons\u00a0\" class=\"mtr-td-tag\"><div class=\"mtr-cell-content\"><\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.uvhjoq3ygjzp\"><strong>How to Open an Account on Lightspeed <\/strong><\/h2>\n\n\n\n<p>Opening an account on Lightspeed&nbsp;only takes a few clicks to complete the process.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.8egs5jtqaayp\"><strong>Step 1: <\/strong><\/h4>\n\n\n\n<p>To get started, head to their <a href=\"https:\/\/lightspeed.com\/\" target=\"_blank\" rel=\"noopener nofollow\">website<\/a>. <\/p>\n\n\n\n<p>Once you\u2019re there, click on \u201cOpen Account\u201d in the upper-right corner of your screen. You\u2019ll then be asked to fill out your information, choose your account types, and provide some documentation for verification. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.vvtmicte3iav\"><strong>Step 2: <\/strong><\/h4>\n\n\n\n<p>Once set up, you can track the markets in real-time, set up customized alerts, and automate trades. You can also research stocks, analyze data, and create watchlists to monitor your investments.<\/p>\n\n\n    <div id=\"callout-box-block_9f8a14227e290860ce208b3704ecf709\" class=\"callout-box info\">\n        <div class=\"callout-box__icon-wrapper\">\n            <svg focusable=\"false\" class=\"callout-box__icon info\" viewBox=\"0 0 24 24\" aria-hidden=\"true\">\n                <path d=\"M12 3c-.46 0-.93.04-1.4.14-2.76.53-4.96 2.76-5.48 5.52-.48 2.61.48 5.01 2.22 6.56.43.38.66.91.66 1.47V19c0 1.1.9 2 2 2h.28c.35.6.98 1 1.72 1s1.38-.4 1.72-1H14c1.1 0 2-.9 2-2v-2.31c0-.55.22-1.09.64-1.46C18.09 13.95 19 12.08 19 10c0-3.87-3.13-7-7-7zm2 16h-4v-1h4v1zm0-2h-4v-1h4v1zm-1.5-5.59V14h-1v-2.59L9.67 9.59l.71-.71L12 10.5l1.62-1.62.71.71-1.83 1.82z\"><\/path>            <\/svg>\n        <\/div>\n        <div class=\"callout-box__content\"><p>Thinking about day trading?<\/p>\n<p>Get access to the best tools and resources \u2014 check out my guide to the <a href=\"https:\/\/www.wallstreetzen.com\/blog\/best-day-trading-software\/\" target=\"_blank\" rel=\"noopener\">best day trading software<\/a>.<\/p>\n<\/div>\n    <\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.h8cdozsd5jkn\"><strong>Lightspeed Trading Alternatives <\/strong><\/h2>\n\n\n\n<p>My Lightspeed&nbsp;Trading review wouldn\u2019t be complete if I didn\u2019t provide you with some solid alternatives.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.pncxjp21p3id\"><strong>TradeStation<\/strong><\/h4>\n\n\n\n<p><strong>Rating<\/strong>: \u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f<\/p>\n\n\n\n<p><strong>Commissions<\/strong>: $0 Commission- All Assets Except Crypto (Fee Range From $.35%-$.025%)<\/p>\n\n\n\n<p><strong>Other Fees<\/strong>: Small Transaction Fees, Inactivity Fees, Data Fees, Paper Statements And Margin Interest May Apply<\/p>\n\n\n\n<p><strong>Minimum Account Balance<\/strong>:&nbsp;$0 Minimum<\/p>\n\n\n\n<p><strong>How It Compares To Lightspeed<\/strong>: While both platforms offer a variety of features such as advanced charting tools, market data feeds, and order routing capabilities, <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;stands out by offering more customizable options and additional features like pre-set strategies, portfolios, and watchlists. <\/p>\n\n\n\n<p>Additionally, <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>&nbsp;allows a $0 account minimum, which is a significant difference from Lightspeed&#8217;s&nbsp;$25,000 requirement. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/tradestation.png\" alt=\"Tradestation\"\/><\/a><\/figure><\/div>\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradestation\" target=\"_blank\" rel=\"noopener\"><strong>Check out TradeStation<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.6484708hxvum\"><strong>TradeZero<\/strong><\/h4>\n\n\n\n<p><strong>Rating<\/strong>:\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f<\/p>\n\n\n\n<p><strong>Commissions<\/strong>:&nbsp;Commission-Free Trades On Stock Orders Greater Than 200 Shares<\/p>\n\n\n\n<p><strong>Other Fees<\/strong>: $59\/Month For ZeroPro + Nominal Real-Time Market Data Fees, Clearing, Settlement, And Routing Fees<\/p>\n\n\n\n<p><strong>Minimum Account Balance<\/strong>:&nbsp;$500.00 <\/p>\n\n\n\n<p><strong>How It Compares To Lightspeed<\/strong>: While similar to Lightspeed&nbsp;in terms of its ability to provide speedy executions, <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradezero\" target=\"_blank\" rel=\"noopener\">TradeZero<\/a>&nbsp;provides unique advantages, such as commission-free trades and a lower account minimum. <\/p>\n\n\n\n<p>For those interested in shorting, <a href=\"https:\/\/www.wallstreetzen.com\/go\/tradezero\" target=\"_blank\" rel=\"noopener\">TradeZero<\/a>&nbsp;stands out due to its short-side specialty tools and resources&nbsp;such as real-time news and alerts, advanced chart indicators, 6:1 trade leveraging, and free limit orders. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/tradezero\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/trade-zero-review.png\" alt=\"Trade zero review\"\/><\/a><\/figure><\/div>\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/tradezero\" target=\"_blank\" rel=\"noopener\"><strong>Check out TradeZero<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h.pqs0xamwrhoc\"><strong>Interactive Brokers <\/strong><\/h4>\n\n\n\n<p><strong>Rating<\/strong>:\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f\u2b50\ufe0f <\/p>\n\n\n\n<p><strong>Commissions: <\/strong>$0 Commission on Stocks, $.15- $.85 per contract on Futures, ETFs, Options, Bonds, And CDs. <\/p>\n\n\n\n<p><strong>Other Fees<\/strong>: Inactivity Fees And Other Miscellaneous Fees May Apply.<\/p>\n\n\n\n<p><strong>Minimum Account Balance<\/strong>: $0 Minimum <\/p>\n\n\n\n<p><strong>How It Compares To Lightspeed<\/strong>:&nbsp;<a href=\"https:\/\/www.wallstreetzen.com\/go\/interactive-brokers\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a>&nbsp;minimum opening deposit is lower than Lightspeed&#8217;s. Lightspeed&nbsp;is ideal for high-frequency traders because of its comprehensive selection of charting tools and low latency. <\/p>\n\n\n\n<p>One thing that sets Interactive Brokers&nbsp;apart is the free trial. Sign up and get $1M in simulated trading income, then use their tools. It\u2019s a handy way to get to know their system, risking no money. <\/p>\n\n\n\n<p>They have over 100 different order types and 200 free and premium news and research tools. Combined with its low cost, <a href=\"https:\/\/www.wallstreetzen.com\/go\/interactive-brokers\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a>&nbsp;is a great alternative for advanced traders who need sophisticated analytic tools. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.wallstreetzen.com\/go\/interactive-brokers\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.wallstreetzen.com\/blog\/wp-content\/uploads\/2023\/05\/interactive-brokers-review.png\" alt=\"Interactive brokers review\"\/><\/a><\/figure><\/div>\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.wallstreetzen.com\/go\/interactive-brokers\" target=\"_blank\" rel=\"noopener\"><strong>Check out Interactive Brokers<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h.qb15l3580o02\"><strong>Final Word: Lightspeed Trading Review<\/strong><\/h2>\n\n\n\n<p>For someone brand new at investing, the learning curve and minimum account balance requirement make Lightspeed&nbsp;less accessible. <\/p>\n\n\n\n<p>But, overall, <a href=\"https:\/\/lightspeed.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Lightspeed Trading<\/a>&nbsp;is a great platform for active, professional, and long-term investors who are looking for both speed and accuracy. I love the fast order execution and user-friendly interface. <\/p>\n\n\n\n<p>For those with a bit of experience under the belt, Lightspeed&nbsp;gets a definite thumbs up from me!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n\t\t<div class=\"wp-faq-schema-wrap\">\n\t\t\t\t\t\t\t<h2>FAQs:<\/h2>\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<h3>Is Lightspeed trading worth it?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Yes, Lightspeed Trading is worth it. It offers some of the most advanced, customizable features in the industry. That, along with its low fees and user-friendly interface, Lightspeed is a good option, especially for experienced traders. <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>How much margin do you need to be a Lightspeed Trader?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Lightspeed Trading requires you to have at least $25,000 for your margin account balance. However, the minimum amount may vary depending on the type of account that you open and the trading activity that takes place in it.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>What is the minimum balance for Lightspeed trading?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Lightspeed Trading requires you to have at least $25,000 for your margin account balance. <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>How much does it cost to open a Lightspeed account?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>It typically costs $0-$50 to open an account with Lightspeed Trading. This fee depends on the type of account you\u2019re opening, such as Cash, Margin or IRA accounts. In addition, there are additional fees related to your trading activity.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<p>Lightspeed Trading&#8217;s claim to be the most reliable platform has traders&#8217; interest piqued. In today&#8217;s lightning-fast world of stock trading, staying ahead of the competition means making quicker decisions on a reliable platform. If your platform\u2019s not up to speed, it can lead to a lot of frustration \u2014 and potential losses. That\u2019s why I [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":25445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false},"categories":[43,20],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lightspeed Trading Review: What&#039;s The Platform&#039;s Real Cost &amp; Commissions?<\/title>\n<meta name=\"description\" content=\"Is Lightspeed Trading worth the cost and high minimum account balance? 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