LIGHTSPEED TRADER FULL

Margin is planned based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.Ī margin means that it is the amount of money essential in your account to open a place. The following describes what exactly a spread, margin, and commissions are: The spread of a currency pair is the variance between the bid and the asking rate.Ī pip represents the smallest increment that an exchange rate can move. Traders should be aware of exactly what their broker’s fees will involve before deciding to trade with them. Normally each broker charges its own costs which entail commissions, spreads, and margins. So the more you trade, the less it costs. Under the per-trade system, the straight fee is centered on the number of trades an account places each month.įor less than 250 trades, Lightspeed Trading charges $4.50, and this rate drops to $2.50. Under the per-share schedule, the commission for stock and ETF trades begins at 0.45¢ per share with a $1 minimum and decreases to 0.1¢.

The first one is centered on the number of shares traded, while the second charge a straight fee per trade. Lightspeed Trading has two pricing schedules for its clients. The different currencies used are the USD and other major currencies. Lightspeed Trading also charges $25 each month for any account that has fewer than $15,000 in it.įor deposits and withdrawals, Credit cards, bank transfers, PayPal, and American Express cards can be used. Traders who propose to trade using Lightspeed Trading’s website can for a minimum deposit of $10,000 for an account. In the case of Lightspeed Trading, the following methods and minimum deposits are required: The broker requires a $25,000 deposit from traders that plan to use its desktop platform. IRA accounts (traditional, Roth, and SEPs which are only for US taxpayers).Lightspeed Trading offers its clients the following types of accounts: Normally the country of residence of the broker would provide the regulatory authorities under which they would fall. Usually, the number and type of accounts that a trader can open with a broker company differ according to the broker or country in which they operate. Lightspeed Trading has accumulated the following awards during its years of service to traders: 2019 Best Online Brokers Awards and Lightspeed Trading also received awards for Best for Low Costs, Best for Options Trading, and Best for Day Trading.Ī forex account that is held by the trader is normally given by the broker with the sole purpose of trading different currencies and market instruments. Awards gained by a brokerage by esteemed organizations do provide much more confidence in the world of forex. When it comes to deciding what broker to choose, a trader has to look at the broker’s stability and reputation over the years.

Lightspeed Trading also offers their investors the option of trading from a single Lightspeed account whether or not they are trading equities or options, trading to multiple destinations, or trading for multiple funds. They provide a personal touch for their traders so they can speak to a person on the phone or communicate via email if they have any queries.

LIGHTSPEED TRADER FULL

Their client customer support services are full of experienced licensed professionals who are there to assist clients. Lightspeed Trading has its own unique new cutting-edge technology which provides investors to trade at their best. Lightspeed Trading is a multi-award-winning broker that was founded in 2010. This is a unique type of broker as they do not want to attract new traders. Lightspeed Trading is an American forex broker company that is based in the USA. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes.įorex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks. The different names for Forex brokers are retail forex brokers or currency trading brokers. In regards to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that lets them buy and sell foreign currencies.įinding a reputable Lightspeed Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.īelow is an in-depth review regarding Lightspeed Trading to help you make an informed decision before opening your account or trading on their platform. Lightspeed Trading is a forex broker company in the United States.

Lightspeed trader