10/7/2023 0 Comments Lightspeed broker online![]() Livevol X is designed for derivative trading and comes with option market scanners and analysis tools. Options can be traded on every single platform Lightspeed offers, although the browser and mobile systems don’t offer Level II quotes on them. Moreover, Interactive Brokers provides access to a very large range of global securities, which Lightspeed does not do. Lightspeed offers options, ETF’s, and futures, but fails to deliver mutual funds, bonds, or contracts for difference. Also on tap are options, bonds, ETF’s, futures, forex, contracts for difference, and even mutual funds. Interactive Brokers offers a lot more than just stocks. On the simpler Market Depth, they are in shades of gray. The latter has more tools, and the prices from the various market centers are color-coded. Trader Workstation delivers Level II data in one of two windows: Market Depth and Market Depth Trader. The exceptions are the mobile and browser systems. Almost every platform at Lightspeed offers Light II information. We liked the inclusion of profit & loss information.īecause both companies in our survey specialize in active trading for experienced investors, they of course offer Level II data (they do charge for this). There is a watchlist and iBot, which is an AI helper. Another nice feature is the ability to change the graph style. The IB mobile platform delivers pretty good charting with roughly fifty technical studies. We also found charting and Level I quotes. The mobile app at Lightspeed comes with advanced order types (such as trailing stop) and watch lists. The other three programs at Lightspeed do carry monthly charges, but two of them (RealTick Pro and LS Trader) are eligible for software fee rebates.Įach broker offers a mobile platform, and there is no charge for either one. Trader Workstation, Livevol X, and the Lightspeed browser platform all carry zero fees. The trading ticket incorporates many different types of orders and time-in-force options. We also liked the sophistication of the software’s charting application. The thickness of candlesticks can be changed, for instance. ![]() Trader Workstation provides a great deal of customization. Software provides access to global securities (which Lightspeed fails to do). Platform is actually quite sophisticated. Although this may sound like a huge underperformance on the part of IB, the Transitioning to Interactive Brokers, we get just one software program. These include Wex, SILEXX OEMS, Derivix, and CQG. Finally, we arrive at RealTick Pro, which is the only platform at Lightspeed capable of trading futures.īesides these mainstay platforms, specialty programs can also be used at Lightspeed Trading. It comes with API access and many other advanced features, such as direct-access routing. Sterling Trader Pro is also available at Lightspeed. LS Trader also is customizable and has up to 40 screens of custom layouts. It offers hot key order entry and customizable order routes (neither of which the other programs have). This one comes with basket order entry and advanced window linking. Up next in order of sophistication is Livevol X. It offers watchlists, order entry, and charting with Lightspeed offers several trading platforms that provide a variety of investment tools. However, Lightspeed is designed for active traders who typically are used to commission fees as well as deposit minimums to keep their account balance above the PDT threshold, in order to receive premium tools and fast execution speeds which are crucial for successful trading.Interactive Brokers: Use this referral link to get up to $1,000 of IBKR stock for free!ġ2 FREE stocks valued $36-$36,000 when you deposit $100 at Webull. Lightspeed Financial Services Group retains a high barrier to entry by keeping commission fees and deposit minimums that many big-box brokers such as TD Ameritrade and Fidelity have removed. Fees span multiple pages and can be difficult for a customer to understand without spending significant time looking for specific charges. The company has room for improvement in terms of fees and pricing structure, however, they combat this by offering promos for new accounts such as the one mentioned above. The website lists the order routing destinations and fees on a separate web page. The brokerage fee page clearly states a list of charges that range from security deposit processing fees to certificate fees, cashiering fees, statement confirmation fees, trade confirmation fees, trading fees and account fees. Brokerage accounts face a wide range of charges such as a minimum monthly commission of $25 for accounts that have less than $15,000. Fees for the company are listed across multiple pages.
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