Lightspeed Broker Clearing No - A Platform for Hyperactive Traders

Are you looking for a trading platform that caters specifically to your fast-paced trading needs? Look no further than Lightspeed Trading, a platform designed for hyperactive traders who require lightning-fast execution of trades. However, with its complex sales pages and advanced jargon, it may not be the best option for beginners.

Adding Authorized Users

One of the unique features of Lightspeed is its ability to add authorized users, such as grandparents, siblings, or tutors, in case of emergencies. You can also designate these individuals to pick up your child from school, making it a convenient and secure option for parents.

Limited Options

Unlike other trading platforms, Lightspeed does not offer a wide range of mutual funds and ETFs. If you're looking for long-term investments such as IRAs, this platform may not be the best choice. However, its impressive features and low fees make it an attractive option for day traders who prioritize quick trades.

Commission System

To avoid racking up high commissions with your broker, Lightspeed offers a tiered commission system. The more trades you make, the cheaper your fees become. Additionally, the platform has two different tiered commission types - per trade and per share. With the per-share trading option, you'll pay a flat rate of $0.0045, including or excluding routing fees. For larger orders, you'll pay a trade fee of $4.50, while options come with a contract fee of $0.60.

Customization Options

While Lightspeed may lack in research and learning tools, it makes up for it with its vast array of customization options and interfaces. The platform has three privately owned platforms - LightSpeed Trader, LightSpeed Web Trader, and LightSpeed Sterling - each offering a unique trading experience.

Lightspeed Trading is undoubtedly designed for hyperactive traders who require fast execution and minimal research. While it may not be the best option for beginners or those seeking long-term investments, its impressive features and low fees make it an attractive choice for day traders. With its tiered commission system and customization options, Lightspeed is definitely worth considering if you're looking for a platform that caters specifically to your fast-paced trading needs.

Lightspeed broker clearing no