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Lightspeed broker online11/19/2023 ![]() ![]() The standard hours of the New York Stock Exchange (NYSE) are 09:30 to 16:00, though there are pre-market and post-market sessions at 04:00 to 09:00 and 16:00 to 20:00, respectively. Lightspeed provides trading opportunities to clients in both the standard and extended trading hours. Lightspeed offers over 15 platforms to trade with, they are: There is no minimum deposit with Lightspeed Trading, though accounts have minimum balance levels, the lowest being $10,000. 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. Once funded, the broker will hold the account for a period. Lightspeed trading accounts can be funded and emptied using direct wire transfers, automated clearing house (ACH) transfers or cheque deposits. Commissions will also contribute to the software fees for relevant accounts. There is also a minimum monthly charge of $25 for accounts worth less than $15,000, though any commissions charged are taken away from this. Standard futures are subject to a commission of $1.29 per side, though options on futures are charged $1.79 per side. To implement these lower commissions, you need to apply for active trader status with the broker once your monthly volume is high enough. The reduction in commissions is incremental with monthly trade volume, with six total commission levels. Options begin at $0.60 per contract and drop to $0.20 per contract for a monthly volume of over 100,000 contracts. Alternatively, there is a $4.50 commission per trade that falls to $2.50 per trade for a monthly activity of over 10,000 trades. The starter commission per share is $0.0045, though this drops to $0.0010 for monthly volumes over 15,000,000 shares. ![]() Stocks and exchange traded funds (ETFs) have two avenues of commission, based on the volume of trades. Lightspeed Trading offers variable commission rates that are lower for more active traders. These international accounts allow foreign traders to access the US stock markets and the brokers range of services. Traders from countries outside the USA may also open accounts with Lightspeed Trading.
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