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