Lightspeed Financial
Pros
- Volume-tiered stock commissions as low as $0.001 per share
- Options commissions as low as $0.20 per contract for high-volume traders
- Multiple professional platforms including Lightspeed Trader Pro, Sterling Trader Pro, and Eze EMS
- Futures trading available via CQG integration
- FINRA and NFA member with SIPC protection
- 10-day demo account available to test platforms
- ACH deposits and withdrawals are free
Cons
- $25,000 account minimum for flagship desktop platforms
- $25 monthly minimum fee for accounts under $15,000
- Lightspeed Trader Pro software fee of up to $130 per month
- No fractional shares, no crypto, no forex
- High minimum balances make the platform inaccessible to casual investors
- Platform complexity presents a steep learning curve for less experienced traders
- Margin rates of 11.00% at lower debit balances are above some competitors