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Lightspeed trading software#
Lightspeed trading trial#
Lightspeed trading windows#

Lightspeed trading windows#

We could also add more windows and delete default ones.

Lightspeed trading trial#

During our trial of the software, we could easily move windows around the workspace.

To use a different ticker, simply right-click on the chart and select “unlink” and enter a different symbol. It’s possible to add multiple charts with different timeframes to the LS window.

A red ‘T’ means the asset can’t be borrowed at all.

Alternatively, users can call or e-mail the broker.

A gray ‘L’ indicates the stock needs to be located using a locate tool on the platform.

A green ‘E’ means the security is easy to borrow and can be shorted immediately.

Every ticker symbol entered in the Level II window will show one of three icons. The trade ticket isn’t in this window, although OHLC numbers are.

Level II data for both options and stocks.

These numbers can be viewed in streaming mode for any entered ticker symbol.

Time & sales data for both options and stocks.

Notifications can be set up for volume, most recent trade price, and bid and ask numbers.

The most used selection will be the “New” tab. In the very top menu, there are several tabs. Clicking on the blue button generates a layout designed for stock trading. Two buttons, one blue and one green, appear just below the top menu.

Lightspeed trading software#

Launched from the desktop, this software program offers many features day traders need. The most commonly-used program at Lightspeed is the company’s namesake platform. Here’s a list of the most popular programs: There are programs designed for futures trading, others for options trading, and still others for stocks. Lightspeed has more trading platforms than any other brokerage firm we know of. Charges range from $1 to $120 per month, depending on the data purchased. In other situations, data packages cost something for both professionals and amateurs. Lightspeed waives market data fees for non-professional traders on Livevol X, the mobile app, and web platform. Routing fees and rebates are assessed on orders that are directly routed. The securities must be traded on the mobile app, and the broker requires an account balance of $15,000. Once again, there is a $1 minimum commission.Ī final package offers commission-free trading on stocks and ETF’s. Options are priced on a per-contract basis with discounts for monthly volume. There is a $1 minimum commission on each trade on the per-share plan. Moving to other instruments, things get a little more complicated.Ī per-trade plan is available for stocks and ETF’s with the following rates: Futures are $1.29 per side, and options on futures are $1.79. Lightspeed offers multiple commissions schedules. Overnight positions have the same amount of leverage as day-trading positions. The broker-dealer also requires a minimum level of day trading experience for this account. It’s called the portfolio margin account, and it has a minimum balance of $175,000. To get to this level, the broker requires a separate account. It is possible to qualify for 6:1 leverage. The rule does grant an exception for traders who place less than 4 trades in a 5 business-day period.ĭespite this one disadvantage, there are several strengths, including:Īt Lightspeed, the standard amount of leverage day traders will receive is 4:1 with a $25,000 account balance. This requires an account balance of at least $25,000 to actively day trade. Because the broker-dealer is located in America, it must enforce the SEC’s pattern-day-trader rule. For example, TradeZero doesn’t offer futures contracts.īesides individual and joint accounts, Lightspeed also offers the following account types:ĭay traders will find lots to enjoy about Lightspeed-and probably one thing they don’t like. This is a decent selection compared to other day traders. Lightspeed offers trading in futures, options, stocks, and ETF’s. Lightspeed also has a supplementary insurance policy through Lloyd’s of London for extra protection. Every customer gets $500,000 worth of insurance from SIPC. It is a member of FINRA, the SEC, and SIPC. The company also offers a lot of educational materials so beginners should definitely sit up and take notice. Lightspeed is a U.S.-based brokerage firm with low commissions and several trading platforms to choose from. Could be rather pricey for occasional traders.No commission-free trading with any decent platform.