Lightspeed Review

Best online broker for low maintenance margin account
Lowest Maintenance Margin Broker Review

Lightspeed Trading offers the lowest margin maintenance for long stock of all discount brokerage firms in 2012 - 25%. Margin maintenance for short stock is 30%.

Full Lightspeed Trading Review.

Lightspeed Trading Commissions and Investment Products

  • Stocks and ETFs: $4.50 per order, plus/minus Market Center Fees
  • or $0.0045 per share, plus/minus Market Center Fees, $1 minimum per trade
  • OTCBB and Pink Sheets: $10 per order, plus/minus Market Center Fees
  • Options: $0.60 per contract, no minimum/no order charges
  • Futures: $0.60 per contract, no minimum/no order charges plus exchange fees
  • Investment products: stocks, options, mutual funds, bonds, futures, ETFs
  • Minimum to open Lightspeed Trading account: $1,000 for Web Trader platform, $10,000 for Lightspeed Trader platform
  • All Lightspeed Trading fees


LightSpeed Trading Pros/Advantages


  • Some of the lowest commissions in the industry
  • Direct access to ECN’s and exchanges
  • Free practice account
  • Online community
  • Automated trading


LightSpeed Trading Cons/Disadvantages


  • $10,000 minimum to use Lightspeed Trader (but only $1,000 to use Lightspeed Web Trader)
  • $35 annual IRA fee
  • Account opening needs work
  • Web Trader platform is badly designed, full of bugs and it could take a lot of time to enter the order
  • Extended hours trading is not available on the Web Trader platform
  • Customer service needs improvement


Open Lightspeed Trading Account

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