This broker was initially created with experienced traders in mind. The American company works according to the rules of FINRA and SIPC. The operation of broker is mainly focused on the internal market of the USD. The requirements for the minimal amount of the deposit are quite high, starting with 10 000 USD dollars. The commissions of Lightspeed are quite high as well. For example, when you trade shares the commission may go up to 4,5 USD. Factor in the high requirements to the minimal deposit and not a big selection of the technical analysis instruments and no wonder that the broker is more popular among big traders
Fouded
1994
Min deposit
10000$
Min withdrawal
500$
Withdrawal fee
20$ fee for domestic wires and a 50$ fee for international wires
Inactivity fee
no
Min bet
0.01 lots
Max. leverage
1:4
Withdrawal of funds
1-5 working days
Asset type
Stocks, Futures, Mutual Funds, Options, ETFs
Regulated
FINRA, SEC
Deposit with credit card
Bank transfer, Local Bank Transfers
Withdrawal
Bank transfer, Local Bank Transfers
Avalaible plamform
Web, IOS, Android
Company registration
Lightspeed Technologies Inc 11509 SW HERMAN RD TUALATIN OR 97062
Pros
Low fees if you are an active trader
Great quality of customer support
Top-quality trading platforms
Strong education center
Client funds are very well protected
Cons
Specially designed to cater to institutional traders and extremely active high-volume day traders
The minimum 4.50$ charge proves too expensive for casual and infrequent traders
Limited funding options
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