Lightspeed com Review – A Broker That Justifies Their Name Fully
Lightspeed com Review – A Broker That Justifies Their Name Fully

Lightspeed com is a brokerage brand belonging to Lightspeed Financial Services Group, LLC. Previously known as Lime Brokerage LLC, is a New York-based financial services provider operating since 2000. This remarkable broker powerhouse continually delivers best service, execution and implements highest security standards. 

Stay with our Lightspeed com review, as we examine this broker’s complete offer. 

Regulated by: NFA
Is This Company Safe? Yes, this broker is properly regulated and therefore safe.
Known Websites: https://lightspeed.com/
Have Warnings from: N/A
Registered in: US
Operating since: 2000
Trading Platforms: Lightspeed Trader, SILEXX OEMS, Sterling Trader, Eze EMS, Sterling Vol Trader
Maximum Leverage: 1:10
Minimum Deposit: $25,000
Deposit Bonus: Not available 
Trading Assets: Equities, Options, ETFs, REITs, Crypto, Commodities, Energies, Metals
Free Demo Account: Available
How to  Withdraw from This Company? This company is regulated and allows withdrawals, but if you’re having issues, contact us immediately.

Heavily Regulated

The US regulatory duo – CFTC and NFA put forth demanding conditions before a brokerage that applies for a license. Lightspeed com is listed as an NFA member.

The broker is also regulated by FINRA – an independent, non-governmental authority. Lastly, the company is also a member of SIPC – a non-profit corporation protecting customers. 

As evident, Lightspeed com is a secure domain. All deposits are fully protected here and the firm follows the strict regulatory framework. In contrast to that, ProfiStocks and similar scams operate just to defraud clients.

Who Frequents Lightspeed com

A sophisticated stockbroker like Lightspeed com doesn’t have a hard time getting new customers. The diverse instruments portfolio, along with ultra fast software to please anyone’s standards are just some of the benefits awaiting investors. 

Lightspeed com apparently aims to reach customers primarily from English-speaking areas:

  • United States
  • Australia
  • Canada
  • United Kingdom
  • India

Traders Warn About Lightspeed Impersonators

Although the brokerage itself has almost a spotless record, traders should beware of one thing. As investors posting on the Lightspeed com Trustpilot page report, there’s financial swindlers faking affiliation with this broker. 

Otherwise, the majority of Lightspeed com customers seem pleased with the service they’ve been getting. The in-depth reviews suggest the users are achieving their investment goals.

Pricings and Leverage

For a detailed list of prices related to trading with a particular instrument, you can get info on the broker’s web page. We’d like to point out the possibility of trading ETFs with commission as low as $0.50. 

Leverage can be varying, depending on the instrument. For day traders, leverage is limited to 1:4. Overnight positions cannot trade on leverage higher than 1:2. However, margin rates can be 10%, which means the leverage ratio is 1:10.

Rich Palette of Trading Features

Lightspeed com’s range of trading tools is quite wide and covers the needs of beginners as well as those with the most sophisticated taste. While their Lightspeed is available on multiple devices, there’s plenty of other terminals. 

Trading assets available are somewhat more characteristic for the US investors than others. Although accounts are quite generous with their features, the deposit requirements may be high for some traders.

Lightspeed Platform and Other Software

The proprietary platform offered by Lightspeed com is their own trading app – Lightspeed Trader. The software was primarily programmed for equities and options trading. All of the charts are fully customizable with progressive filters and scanners.

Another available platform is Sterling Trader Pro, for active traders with real time profit loss info and extended hours trading. Various other software are supported, like Eze EMS Pro, Silexx OEMS, Wex and eFutures.

Diverse Asset Portfolio 

The trading instruments that Lightspeed com allows access to are all equities and options listed on the New York stock exchange. The financial products that the broker specifically specializes in are the following:

  • Equities (ABB Ltd, ASGN Inc, Joby Aviation Inc)
  • Options (Stock Options, Currency Options)
  • ETFs (Exchange Traded Funds)
  • REITs (real estate investment trusts)
  • Crypto (BTC, ETC, LTC)
  • Commodities (livestock, dairy, coffee)
  • Energies (natural gas, oil)
  • Metals (gold, silver)

Variety of Account Types

It is an evident fact that Lightspeed com offers packages that are very specific, feature-rich and customized for a particular traders class.

However, be warned that the minimum initial deposit has to be at least $25,000 per account. Also keep in mind that all the accounts under the $15,000 pay a monthly fee of $25. 

Mobile Trading App

Active traders that do not mind the lack of customization features and prefer a barebone mobile app will certainly find Lightspeed Mobile version useful. 

The app still empowers you to place quick orders and make the most out of your platform. Reliable and extremely fast, this terminal is your go to for trading while on the go. It works for both iPhone and Android devices.

Demo Account Availability

In order to get familiar with all the benefits of trading with the Lightspeed platform, users can utilize a trial account. During a limited period of time, and with a virtual margin, clientele can learn about the terminal itself and its capabilities. Also, this is a good option if you aren’t sure about joining, since accounts are quite pricey and even have a monthly fee.

Educational Materials at Lightspeed com

New traders and rookies can make use of several different learning programs at Lightspeed com. The educational resources include:

  • Live Webinars and Events – allow clients to participate in live sessions and learn directly fromForex experts.
  • Options Academy – section of articles focused on learning how to properly trade Options with confidence.
  • Active Trader blog – news, updates and latest information concerning all the major market changes.
  • Glossary of Terms – Forex dictionary to help you understand the traders lingo.

Withdrawals and Funding Options

Two accepted transfer channels at Lightspeed com are:

  • ACH (via Automated Clearing House) – has to be initiated through the client portal, not the bank, and is completed within two business days.
  • Wire transfers – only permitted between like-named accounts.

While deposits bear no fees, the withdrawing process requires you to pay a fee in the case of wire transactions. This fee is $20 for domestic wires and a $50 fee for international wires.

Various Contact Channels

The Lightspeed com customer support is available 24/7 through many channels:

  • Emails
  • Phone
  • Contact web form
  • Callback
  • Physical address

Although the online chat feature isn’t present, the fact that the support crew is always available and very responsive makes up for such minor lacks. 

Conclusion About Lightspeed com

Although properly regulated and strictly supervised, it is understandable if you do not wish to buy a $25,000 account at Lightspeed com. Whoever prefers Forex trading could also be disappointed with the lack of that instrument group. 

Still, this brokerage is safe and very well established in the industry. If you still have any questions related to their conduct or are having difficulties withdrawing your funds, you can contact us for help. We’ve already helped victims of LQDFX

For a quickest response, please use our Online Chat feature. 

FAQ Section

What is Lightspeed Financial?

Lightspeed Financial is a US brokerage brand effectively regulated by several financial institutions in the country.

Is Lightspeed Financial a Scam or Legit?

This broker is fully legit and properly regulated by CFTC and NFA, and is FINRA and SIPC member also.

How Much Does Lightspeed Financial Cost?

Minimum account funding is $25,000 which is one of the downsides to trading here.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

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