View a multi-column table comparing fundamental and/or technical data of at least two stocks side by side. Copyright © 2001-2020, Lightspeed, LLC.

Company HQ or similar corporate offices do not count. You'll also have the opportunity to review training videos and reference guides to help you get started. You will be restricted to closing transactions only until account equity reaches $25,000. Live chat support for prospective clients.

You should consult your own professional advisors for such advice. Ability to perform ACH deposits and withdrawals from the mobile App. Examples: SMA, MACD, RSI. Overnight Buying Power: The max market value of a position you are permitted to hold overnight calculated as 2 times the maintenance excess or SMA, the lesser of the 2, Day Trade Buying Power: The max market value of a position you are permitted to hold intraday calculated as 4 times the maintenance excess, a $25,000 equity minimum threshold and account approval is required. Offers the ability to use a paper (practice) portfolio to place trades.

Archived webinars and platform demos do NOT count. The cost goes down from there as follows: Lightspeed also offers a per share commission structure, as follows: Users can create "hot keys," have access to limited educational opportunities, and pay competitive fees. Throughout the website we display the Per Share rate. Most individuals won’t come near that and will pay $0.0045 per share traded, with a $1 minimum per trade, plus a $4.50 per trade fee. Privacy Policy. Offers live TV. Lightspeed Trader Accounts: Requirement: Initial funding requirement: All account types: $25,000: Minimum equity balance to maintain trading privileges: Pattern Day Trade Account: $25,000: Retirement Account: $10,000: Cash Account: $10,000: Margin Account: $10,000: Options Account: $10,000: Portfolio Margin: $175,000 Are educational videos available? Lightspeed charges $4.50 per stock trade which is $4.50 more than TradeStation which charges customers $0 per trade. Watch list in mobile app uses streaming real-time quotes. Ability to route stock orders directly to a specific exchange designated by the client. Viewing a summary P&L within the chain itself also qualifies. $10 (under $1,000 USD equivalent) / $50 ($1,000 USD or more), $25 per account per month for accounts with no trading activity in the past year (364 days), Trading Basics Powered by Warrior Trading, Minimum monthly commission, accounts under $15,000, Paper Statement Delivery Fee (per mailing), E-mail Statement and Confirm Delivery Fee, Non DTCC-eligible security New York Window fee, Non DTCC-eligible security Transfer Agent fees, Reorganization Items (Subscriptions, Redemptions, Tenders, Exchanges and Conversions), Request of Certificate for DRS eligible issue, Transfer of Securities Requiring Legal Opinion Documents. Must be delivered by a broker staff member.

The amount of money that can be borrowed and the terms are governed by Federal Reserve, the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and Lightspeed Financial Services Group LLC. Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position. Looking at Mutual Funds, Lightspeed trails TradeStation by 4,357 total mutual funds, with TradeStation offering 4357 and Lightspeed offering 0. Streaming time & sales for any equity viewable. Full quote and research results must be available for 2 of the 3 following tickers: FNMA, IMBBY, NENE. Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being retirement. Check deposits can be made through the mobile app. All content must be easily found within the website's Learning Center. Full quote and research results must be available for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google. A downloadable, windows based desktop trading platform. Does Lightspeed or TradeStation offer a wider range of investment options? Lightspeed Trader is our flagship trading platform and one of the best trading software platforms available on the market. Watch list in mobile app syncs with client's online account. Calculations mentioned above for meeting calls are based on zero account depreciation and will have to be increased if account subsequently loses value. Full commissions schedule breakdown below. No, trading at Lightspeed is not free. Full quote and research results must be available for 4 of the 5 following tickers: SPY, GLD, OIH, QID, FAZ. Operating as an online business, this site may be compensated through third party advertisers. Heat maps are a visual tool used to view gainers and losers. Multi-legged option trades supported in the mobile app. To request a commission plan change, clients must call in to the broker.

iii Represents the fee per certificate required to satisfy a trade or to re-register from the other B/D to Wedbush name plus all costs from the transfer agent, DTCC NY window processing fee, and UPS to and from the transfer agent for each breakdown. Platform tutorials, FAQs, etc do NOT count. Examples include: trendlines, arrows, notes. The ability to view historical performance. Under your customer's name, click the Add Deposit button. A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks. Platform tutorials, FAQs, etc do NOT count. To compare the trading platforms of both Lightspeed and TradeStation, we tested each broker's trading tools, research capabilities, and mobile apps. Other Info: If the call is not met, positions will be liquidated to satisfy the maintenance call. On the third instance of liquidating to meet a portion or all a call not attributed to adverse market movements, the account will be restricted to cash on hand for a period of 90 days. All excercise and assignments cost $25.

Investors get a sophisticated system they can use on the go WITHOUT paying a monthly software fee. Option chains with streaming real-time data. All rights reserved. TradeStation offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Futures Trading. Can markup stock charts using the mobile app. Lightspeed: Minimum Deposit $0.00 $10,000.00 Stock Trade Fee (per trade) $0.00 $4.50 ETF Trade Fee $0.00 $4.50 Options Base Fee $0.00 $0.00 Options Per … Examples: dividends, earnings, splits, news. Displays a probability histogram / chart with optional customizations.

Ability to group current option positions by the underlying strategy: covered call, vertical, etc. These platforms include Sterling Trader, Realtick, Realtick Express, and Livevol X. Clients of IB often feel as if they are on their own, though, as the customer service leaves a bit to be desired. You can then conduct "mock trades" in the demo based on real-time past information. No fee when closing account, $50 (Domestic, Monday-Friday). Advertiser Disclosure: helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers.

The number of day trades is based on opening transactions. CreditDonkey does not include all companies or all offers that may be available in the marketplace. Learn about the best apps for beginners, like Acorns, Robinhood and Stash. Other Info: Liquidation can only be used twice per 90-day period to meet this call. Is Lightspeed or TradeStation better for beginners? While has all data verified by industry participants, it can vary from time to time. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. Occasional investors can make a $10,000 minimum investment to get started. This applies to long and short positions, Maintenance Excess: The total equity in the account minus the maintenance requirement to hold any overnight positions. If the deposit was made by wire transfer, the account is only held for 24 hours, however cheques and ACH transfers require five business days before trading can commence. For example, and Iron Condor has four total legs. TradeStation requires $5,000 for non-daytraders and $25,000 for day-traders to start trading. They cater to the frequent trader, though, not the occasional, low volume kind. Lightspeed's pricing structure and lightning-quick trades may be ideal for day or very active trader with at least 250 shares traded per month. How do we make money? For example, if you buy $50,000 worth of stock and hold the position overnight, you must have $25,000 in available funds. Cash Call: Incurred by exceeding accounts cash available on an opening transaction, Other Notes: Account will be limited to closing transactions if another violation occurs within 90 day restriction period. All Rights Reserved. iv Represents the fee per certificate withdrawal plus DTCC fees, UPS fees to customer, and transfer agent fees charged to Wedbush by DTCC. Examples: Morningstar, Lippers. The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart. Copyright © 2001-2020, Lightspeed, LLC. Platform tutorials, FAQs, etc do NOT count. Please Note: Liquidation can be used to meet the call but can only be used twice during a rolling year to meet an Initial (Reg- T) call. Example service provider - Morningstar, Lightspeed Trading promises just that. Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Minimum deposits for all of these are the same as for Lightspeed Trader with the exception of Livevol X which requires a $35,000 deposit. If you are a day trader or someone interested in day trading, keep reading to see what Lightspeed offers. Portfolio Margin Maintenance Call: Incurred by having account equity below house maintenance requirement for open positions.

The minimum amount which … Please see our General Disclaimers for more information. The Lightspeed Trader platform requires a $25,000 minimum deposit and is designed for active traders seeking the best possible executions and data speeds. Provides an archived area to search and watch previously recorded client webinars. Refunding a deposit from a credit account begins with attaching your customer to a sale. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. is committed to the highest ethical standards and reviews services independently. Portfolio Margin Account: SEC-approved portfolio margining rules allow margin requirements to reflect the actual risk of the entire portfolio in a specific brokerage account more accurately. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website. But do they deliver? Linking the user from the chart to an empty (non pre-populated) order form does NOT count. From the PAYMENT section, select a payment type. Maintenance Requirement: The minimum amount of equity that the firm requires to support the various types of positions held in the account. For example, if you log in to trade on Wed, the number of day trades will be calculated based on activity of the previous, Tues, Monday, Friday, and Thursday with the present day as the 5th day.