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Lightspeed foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://accountopening.lightspeed.com/step1.php, about the company's legal and temporary regulatory information, the company's address 20 Headquarters Plaza North Tower 7th Floor Morristown, NJ 07960.

Lightspeed Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

Lightspeed Financial Services Group, LLC

Abbreviation

Lightspeed

Company employee

Customer Service Email Address

service@lightspeed.com

Contact Number

+16463934800

Company Website

https://www.lightspeed.com/

Company address

20 Headquarters Plaza North Tower 7th Floor Morristown, NJ 07960

Facebook

https://www.facebook.com/LIGHTSPEEDTRADER/

Keywords

5-10 years

Suspicious Regulatory License

Self-developed

Regional Brokers

High potential risk

Company profile

BASIC INFORMATION: Lightspeed Trading is a US stockbroker designed for active day traders. Lightspeed Trading is division of Lime Brokerage, a financial services technology company. The broker has offices in New York and Chicago and provides a medium to trade American stock markets. The companys target clientele is active, high-volume retail and institutional traders from the US to Germany and Singapore. Foreign traders from some countries can open accounts with the broker, however further paperwork is required. The countries accepted by Lightspeed include Canada, Australia, India, the UK and the UAE. REGULATORY INFROMATION: LICENSE No valid regulatory information Please be aware of the risk! MARKETS The broker provides clients with access to all equities and options on the New York Stock Exchange, including exchange traded funds (ETFs) and real estate investment trusts (REITs). Furthermore, a wide range of futures can be traded. There are 11 currency futures, Bitcoin, agriculture, livestock, dairy, lumber, soft produce, energies, indices, interests and metals. Lightspeed Trading also offer futures options. ACCOUNT TYPES There are many account options available with Lightspeed Trading, from standard margin trading accounts to more specialized options aimed at hedge fund managers and brokerage firms. · Regulation T Margin Account – Standard equity and futures trading account. Leverage is limited to 1:4 as per the Regulation T rules. Minimum account value of $25,000 for desktop trading, $10,000 to use web and mobile trading applications. · Portfolio Margin Account – Aimed at advanced and active traders, allowing access to higher leverage rates of 1:6, increasing their market exposure. Minimum account value of $175,000 required plus evidence of sufficient day trading experience. · Separately Managed Account – For investors with a large portfolio, SMAs are similar to a mutual fund but with you as the sole owner. These allow heavily customized investment solutions that can meet specific requirements. · Delivery Versus Payment (DVP/RVP) Account – This trading model reduces some of the risk associated with the liquidity of the market around the settlement date. · Clearing Member Trade Agreement Account – These accounts are aimed at traders who would use several brokers to conduct their trades. At the end of each day, all the trades can then be cleared by one firm within the agreement, making the process less cumbersome. · Other Accounts – Joint Account, Partnership Account, Corporate Account, LLC Account, Registered Hedge Fund Account, Trust Account, Individual Retirement Account Traders from countries outside the USA may also open accounts with Lightspeed Trading. These international accounts allow foreign traders to access the US stock markets and the brokers range of services. COMMISSIONS Lightspeed Trading offers variable commission rates that are lower for more active traders. Stocks and exchange traded funds (ETFs) have two avenues of commission, based on the volume of trades. The starter commission per share is $0.0045, though this drops to $0.0010 for monthly volumes over 15,000,000 shares. 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. Options begin at $0.60 per contract and drop to $0.20 per contract for a monthly volume of over 100,000 contracts. The reduction in commissions is incremental with monthly trade volume, with six total commission levels. To implement these lower commissions, you need to apply for active trader status with the broker once your monthly volume is high enough. Standard futures are subject to a commission of $1.29 per side, though options on futures are charged $1.79 per side. 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. Commissions will also contribute to the software fees for relevant accounts. PAYMENT METHODS Lightspeed trading accounts can be funded and emptied using direct wire transfers, automated clearing house (ACH) transfers or cheque deposits. Once funded, the broker will hold the account for a period. 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. There is no minimum deposit with Lightspeed Trading, though accounts have minimum balance levels, the lowest being $10,000. TRADING PLATFORMS Lightspeed offers over 15 platforms to trade with, they are: · Lightspeed Trader · Sterling Trader Pro · Livevol X · Eze EMS Pro · Eze EMS Express · Lightspeed Web & Mobile · Derivix · Silexx OEMS · Wex · eFutures · CQG Integrated Client · CQG QTrader · CTS T4 · Trading Technologies TT · Rithmic TRADING HOURS Lightspeed provides trading opportunities to clients in both the standard and extended trading hours. 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. CUSTOMER SUPPORT The Lightspeed Trading customer service team are available during all regular and extended market hours. They can be contacted using the phone numbers and email details below. · International Telephone – +1-646-393-4800 · Domestic Telephone – 1-888-577-3123 · Email – contactus@lightspeed.com ACCEPTED COUNTRIES Lightspeed Trading accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

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lightspeed Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a lightspeed Account The first step in using the lightspeed trading platform is to register for an account. Below are the detailed steps to complete the lights

Lightspeed Forex Broker - Complete Information Guide

1. Broker Overview

　　Lightspeed Trading, LLC, founded in 2006, is a prominent online brokerage firm specializing in providing trading solutions for active and professional traders. The company is headquartered in Morristown, New Jersey, with additional offices in New York City and Chicago. As a private entity, Lightspeed focuses primarily on serving high-volume traders, hedge funds, and institutional clients, making it less suitable for casual or beginner investors.

　　Over the years, Lightspeed has evolved significantly, initially emerging as a spin-off from E*TRADE, and has since enhanced its platform capabilities and user experience. One of its notable milestones includes the acquisition of Coinigy in 2021, allowing it to offer cryptocurrency trading products. The business model of Lightspeed centers around direct market access (DMA) trading, catering to both retail and institutional clients, with a strong emphasis on low-latency execution and advanced trading tools.

　　As the first mention of "lightspeed broker," it is essential to recognize its niche focus on high-frequency trading and the specific needs of professional traders.

2. Regulatory and Compliance Information

　　Lightspeed is regulated by several key agencies, including the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the National Futures Association (NFA). The firm's SEC file number is 8-52843, and it holds various licenses that enable it to operate within the U.S. financial markets.

　　The regulatory licenses are valid for offering brokerage services across different asset classes, including equities, options, and futures. In addition, Lightspeed adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that it complies with federal regulations designed to prevent financial crimes.

　　Customer funds are kept in segregated accounts to enhance security, and Lightspeed participates in the Securities Investor Protection Corporation (SIPC), which provides limited protection for customer securities up to $500,000, including a cash sublimit of $250,000.

　　As the second instance of "lightspeed broker," it is crucial to highlight its commitment to regulatory compliance and investor protection, which are essential for building trust with its clients.

3. Trading Products and Services

　　Lightspeed offers a diverse range of trading products, primarily focusing on equities, options, futures, and cryptocurrencies. The broker provides access to a wide variety of currency pairs for forex trading, although specific numbers were not detailed in the sources.

　　In addition to traditional assets, Lightspeed allows trading in Contracts for Difference (CFDs) across indices, commodities, and some cryptocurrencies, although there is no direct cryptocurrency trading. The firm is known for its competitive pricing structure, particularly for high-volume traders, with various commission models based on trading activity.

　　The frequency of product updates is consistent, as Lightspeed continuously seeks to expand its offerings to meet the evolving needs of its clients. Retail trading services are available, along with dedicated solutions for institutional clients, including white-label offerings and asset management services.

　　As the third mention of "lightspeed broker," it is vital to emphasize its extensive product range and commitment to serving both retail and institutional investors.

4. Trading Platforms and Technology

　　Lightspeed provides access to multiple trading platforms designed to accommodate the needs of active traders. The flagship platform, Lightspeed Trader, is a downloadable application that offers advanced charting tools, real-time data, and customizable layouts. It supports various order types, including market, limit, and stop orders, facilitating a comprehensive trading experience.

　　The broker does not support MetaTrader 4 or 5 but offers its proprietary platforms, including Lightspeed Web and Mobile Trader, which cater to different trading styles. The web platform is user-friendly and allows for trading without incurring monthly fees, while the mobile application is available for both iOS and Android devices, though it lacks some advanced features compared to the desktop version.

　　Execution modes primarily include Direct Market Access (DMA), enabling traders to route orders directly to exchanges for faster execution. Lightspeed's infrastructure is robust, with servers located strategically to minimize latency, ensuring that traders can execute orders swiftly.

　　As the fourth instance of "lightspeed broker," it is important to underline the technological capabilities and platform variety that cater to the demands of high-frequency trading.

5. Account Types and Trading Conditions

　　Lightspeed offers various account types to suit different trading needs. The standard account requires a minimum deposit of $10,000 for the web trading platform and $25,000 for the advanced platforms. The commission structure is competitive, with options for per-share pricing starting at $0.0045 per share, or a flat fee of $4.50 per trade, depending on the volume of trades executed.

　　Advanced accounts, such as portfolio margin accounts, require a higher minimum balance and offer more favorable margin rates. The firm provides a demo account option for traders to practice without risking real capital, allowing them to familiarize themselves with the platform's features.

　　Leverage ratios vary, with typical margins set at 4:1 for day trading, while overnight positions may be subject to different requirements. The minimum trade size is generally one share, and overnight fees apply based on the positions held.

　　The fifth mention of "lightspeed broker" highlights its structured account offerings and trading conditions tailored for active traders.

6. Fund Management

　　Lightspeed supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement is $10,000 for standard accounts, while advanced accounts may have higher thresholds. Deposits are typically processed quickly, with no fees for electronic transfers.

　　Withdrawal options are also flexible, allowing clients to request funds through similar channels. However, some withdrawal methods may incur fees, particularly for international transfers. Processing times for withdrawals can take up to three business days, depending on the method chosen.

　　The sixth instance of "lightspeed broker" emphasizes its commitment to providing efficient fund management options for its clients.

7. Customer Support and Educational Resources

　　Lightspeed offers various customer support channels, including phone, email, and live chat, available during market hours. The support team is knowledgeable and responsive, providing assistance with technical issues and trading inquiries.

　　The broker also provides a range of educational resources, including webinars, tutorial videos, and market analysis services. These resources are designed to help traders enhance their skills and stay informed about market trends, catering to both new and experienced traders.

　　The seventh mention of "lightspeed broker" underscores its dedication to customer service and education, ensuring clients have the tools necessary for successful trading.

8. Regional Coverage and Restrictions

　　Lightspeed primarily serves the U.S. market, with a focus on active traders and institutions. The broker has offices in New York, New Jersey, and Chicago, providing a strong presence in key financial hubs. However, it does not accept clients from certain jurisdictions, which may include specific countries with strict regulatory requirements.

　　The firms services are tailored for professional traders, and its offerings may not be suitable for casual investors. As the final mention of "lightspeed broker," it is essential to identify its geographical focus and the restrictions in place for potential clients.

　　In conclusion, Lightspeed is a specialized broker catering to the needs of active and professional traders, offering advanced trading platforms, competitive pricing, and a wide range of financial products. Its regulatory compliance and commitment to customer service further enhance its reputation in the trading community.

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