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Lightspeed Online Brokerage Reviews: Make Informed Decision
CompareBroker aims at helping traders to help investors to choose the Best Stock Broker. We partner with different online stock brokers and bring out their value proposition to consumers for a fair comparison. Experts suggest to consider opening multiple accounts... read on to find out why!
 
Top Pick In Category
Lightspeed: Get $10,000 CASH BACK

Lightspeed will refund 50% of your commissions on qualifying trades, up to $10,000. use promo code "10kback"

Automated Trading

Social networking community for Lightspeed customers

No ticket charges, No trade minimums

Maintenance Fee: $0 Simple Options fee per contract): 0.50 per contract
Minimum balance: $2,000 in equity during promotional period Stocks Purchase Fee: $0.00395 Per Share
    Minimum no. of trades/quarter: 0
 
Apply Here   More Info   Reviews
 
 

Lightspeed Trading Editor Review

Lightspeed trading is known for offering a feature rich trading platform as well as low latency. You can also enjoy direct access to exchanges. The Lightspeed servers are placed in NASDAQ's data center, which rarely faces a down time. Lightspeed monitors its equipment 24 hours a day and 7 days a week and makes sure they are upgraded to the best possible configuration. Your Lightspeed trading experience will always be very fast and reliable at the same time.

Advantages of Lightspeed Trading Brokerage

The relationship managers can be easily accessed through live chat, phone or email. They have all received comprehensive training on the Lightspeed trader platform; therefore all your questions will always be answered in a professional and detailed manner. Many online discount brokers failed to provide this kind of customer service and that’s the main reason for Lightspeed's popularity.

The company provides many value added tools by collaborating with some of the prominent content and data providers in the market. Lightspeed customers also get access to an exclusive social community which helps you get a better perspective of opportunities available in the market.

Compared to $4.95 for 100 shares charged by TradeKing and $7 charged by Scottrade, Lightspeed charges only $0.40 for every hundred shares traded. Lightspeed is an ideal broker for option traders too. You would have to pay any ticket charges and there are no minimums involved on options trades either. Lightspeed only charges you $0.50 for a contract whereas other big names charge you more than $10.

History of Lightspeed

Located in New York, Lightspeed has been operating for the past eight years. In the area of risk management services and real time trading, the Lightspeed trading house is no less than a pioneer. It has gained immense popularity due to its personalized investment services.

Latest Offers from Lightspeed Trading

Lightening Fast Speed Becomes Even Cheaper
Lightspeed Latest Offer to refund 10,000$

 
Zecco
FREE Stock Trades every month
Tradeking
Receive up to $150 in transfer fees when you switch to TradeKing
Options Xpress
One Account, Maximum Control
Etrade
100 commision free stock and option trades
Lightspeed
Get $10,000 CASH BACK
OptionsHouse
Spend Less and Get More at OptionsHouse! $2.95 Flat-Rate Stock Trades
Firstrade
Five commission-free trades
 
Mbtrading
Active trader platform
Marsco
No share limits
TD Ameritrade
Trade comission free for 30 days + $100
Scottrade
Exceptional Online Stock Broker with local branch offices
LSFAN says:  April 22, 2009 9:05 pm

Lightspeed has been a solid trading platform for me.

Joe says:  May 15, 2009 4:27 am

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.

Rajat says:  May 18, 2009 2:21 am

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.

Guest says:  May 20, 2009 5:11 am

"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."

Guest says:  May 20, 2009 6:17 pm

lightning fast speed and real time quotes

NYCtrade says:  November 11, 2009 1:53 pm

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

Guest says:  December 8, 2009 12:41 am

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!

Guest says:  December 8, 2009 12:46 am

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.

Guest says:  December 9, 2009 12:07 am

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

Guest says:  December 9, 2009 1:55 am

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

Guest says:  December 11, 2009 2:26 am

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

LS Customer Service says:  February 1, 2010 3:35 pm

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.




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