Lightspeed

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

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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

Pros

Cons

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