Lightspeed has been a solid trading platform for me.

Exceptional rates!! small company but very reliable. Small company has its own problems such as not enough staff to support their growing needs, hence customers have to wait little longer (1-2 mins) to get hold of someone.

I am a daytrader with ADD. I need a fast stock trading platform so I can get in and out of my positions. Lightspeed seems to be the platform for me.

"Lightspeed brings a number of institutional research tools to the platform, such as a net-order-imbalance indicator and a block-trade screener. Both Nasdaq and the NYSE have tools that display stocks with net order imbalances—Nasdaq offers its Opening Cross and Closing Cross, while the NYSE has Market on Open and Market on Close. These measures list the stocks that have major order disparities in their buy-sell ratios, suggesting a strong price move in one direction or the other. Lightspeed's order-imbalance tool displays these stocks on a single screen, and lets you search for those you might find appealing.

Lightspeed's Block Trades tool has two components. One indicates when a trade of more than 10,000 shares is executed on any public exchange under any ticker symbol, while the other can be set to display stocks that fit certain user specifications. For instance, you can customize the tool to show stocks that trade more than 100,000 shares during a specified period. Many peripatetic traders want to be alerted to institutional activity in the stocks they're following, which can indicate that a mutual fund or insider is making a move they can profit from.
Until recently, Lightspeed's P&L calculations hadn't included commissions, but that shortcoming has been fixed. That's especially important because Lightspeed doesn't charge a flat fee per transaction (such as brokers like TDAmeritrade and Fidelity do), making commissions a little tricky to determine. Plus, rates depend on trading frequency."

lightning fast speed and real time quotes

Simply the best platform available for active traders. Great customer service as well.

A little unsettled right now. Filled out an application with a ton of personal information. Got an email back saying please scan and send your drivers license to finish application along with personal net worth information. It's been almost a week. I sent follow up emails and phone calls for response. Nothing. All I get is voice mail and no one is answering my emails anymore. Is this a scam company that might have just sold my identity? I'm trying to find consumer complaints or anything with the Better Business Bureau but not a whole lot of luck. For all I know all the reviews are fake and posted by SHAM company. Help!

Thats not good. Lightspeed is a well established company. Email me at support@comparebroker.com and I will see what I can do for you through our contact there.

this pricing not good foor penny stock traders on $100,000.00 trade would cost me $95.00 if i bought at say aprox .0009 it cost me mor to effect the trade than what i invested not fair cost is $10.0 first 15 k shares and $5.00 per every 5k shares ther after scottrarde ia m doing for between 7 - 10 per 500k shares brokerage is a ripoff

I use Tradeking account, they charge me $4.95 . irrespective of how many shares they buy.

Given your profile I would look at TradeKing & Zecco. You can read their reviews here:

Has this issue been resolved? If not, please email RMS@lightspeed.com and it will be taken care of immediately. If it has already been resolved please let us know.

just sent personal info and still haven't been able to access lightspeed new acct. wondering what the hell is going on. sounds like a bunch of jokers to me. did anyone read license to steal. pick it up sometime

You realize that it takes a day or two for any brokerage firm to approve your account, right? If you do not hear anything in couple days, you can contact RMS@lightspeed.com to get an immediate answer. Or email me at support@comparebroker.com and I will get you an answer. LightSpeed platform is really neat, you will love it!

I am considering opening an account with Lightspeed due to their commission rate and my trading style, probably the web-based version. I have read some complaints on-line about either the software or web-based version freezing up during high volume market times. I have 2 questions:
1) Is this a common complaint, and which platform is more susceptible to freezes?
2) Is the web based platform more limited in its order types than the software version?

I appreciate any input. Right now I have. an account with Sogotrade and am not that satisfied with the number of order types.

Thanks.

Hi,

Never heard anything negative about Lightspeed Trading. Best way might be to just open an account and try for yourself. Honestly speaking, web is full of nonsense reviews that people write, for whatever motive. Over time I have determined that best is to just try out for yourself. Once you do, do come back and post your experience here so it helps others.

thanks

The good: Good customer service reps and phone support, low commissions.

The bad: Email support is a joke, you never get a reply or any kind of response to emails. It takes them forever to get software bugs fixed. I have to call in every day to get them to set my buying power because of a bug in their software that resets the buying power to zero everyday but this isn't getting fixed.

Rude and VERY unprofessional. Would not pick up a phone to help me. I had to open a chat window to talk to customer service. what am i a teenage girl on a Justin Beiber forum now?!?! NO. I am an investor who wanted to open up an international account. They asked me have I ever traded before...I said no. They said they werent interested unless i would make the 30 minimum trades per month and wired them 30 grand. I said ok, but why the EXPERIENCE required.

they said: NOPE not interested and disconnected the chat.

Oh well. what they failed to ask me was how much i wanted to trade. It was WAY more than the 30k Requirement.

So now Charles Schwab gets my commissions and i dont event think twice about it.

YOU LOST MONEY!!! :)

Dave,

Thats not true, Lightspeed's minimum requirement is 1,000$. I believe there was some miscommunication here to be very honest with you.