![]() ![]() Interest charged for margin: Many other large brokers offer comparable margin interest rates to Lightspeed.Interest paid on cash: Uninvested cash at Lightspeed earns interest, but Lightspeed does not share any of that income with its customers.As a result, they make money from you and for you in various ways, instead of just commissions. The zero-commission trend hasn’t caught on with Lightspeed like many other brokers. How This Broker Makes Money From and for You You can trade live with a broker for $20.00 extra per transaction.There is a $130.00 per month access fee for Lightspeed Trader, which is reduced based on trading activity.The price for opening and closing a futures contract is $0.60 per contract, per side.There are no fees for checks unless they are sent overnight or on Saturday, which are $30.00 each.Fees: $20.00 for domestic wire transfers, $50.00 for international wire transfers IRA.Lightspeed trading platform free fee deposits and withdrawals.If an account falls below $15,000, the commission has to be $25.00 per month, or it must be paid the difference.Compensation for trading 500 shares plus five contracts is $5.25.There is a $30.00 charge for 50 contracts.There is a $0.60 per contract option fee with a minimum of $1.00.Commissions for opening and closing options are zero.The OTCBB commission is $10.00 per transaction without a limit on the number of shares.We’ve assumed the standard commission rates per share and per contract for Lightspeed Trader and Lightspeed Web Trader in the following table. ![]() The cost of futures and options is $1.29 per side (plus exchange fees). The rates for options are also tiered1.Īctive traders can trade stocks and ETFs for $0.0045 per share (with a $1.00 minimum) or $4.50 per trade if they are not eligible for the Active Trader Commission Group. Again, per-trade prices fall between $2.50 and $4.50 based on volumes traded. Depending on the volume of trades you make each month, per-share prices range from $0.0010 to $0.0045. The Active Trader Commission Group may be able to provide you with discounted commissions if you’re meeting monthly trading volume thresholds (you can join the program by contacting the company for details). Trading volume is used to determine the commission plan offered by Lightspeed. Lightspeed Trading Platform Fees & Commissions
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