Lightspeed

Execution was lighspeed

.0045/share! great deal. RECCOMMENDED

4210timmy

Tools
Customer Service
Value

Very Good, Strong Value

To be honest, I first began with Lightspeed trader given my limited finances and need for a broker with a low commission rate. Luckily for me, it would turn out that Lightspeed trader also offers a strong online trading platform and, in my experience, responsive customer service, though I will admit I haven't used the customer service many times.

Of course, for the low costs in commission, the fees for such things as data services do add up. Again, as a beginning trader it wasn't critical that I have access to market depth and LVL2 quotes, so this worked out for me.

Recommended for beginning traders with smallish account sizes.

Westcoast777

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Customer Service
Value

Nice platform charts not

I used LS for about a year

excitation is the best in the industry but charting tools is really bad

you need to have real tick beside it in order to use it properly

JeffHorn12

Tools
Customer Service
Value

Well worth the search

I have been moving around brokers as of late after not being able to find one to keep up with a consistently demanding customer and his wants. Lightspeed was the first out of the other 3 brokers I have tried to thoughtfully solve my problems and explain to me how I can avoid them going forward. I do like the Lightspeed Trader platform and it's features but I do use a secondary charting service as well. My only complaint thus far is that you can't run the platform on my Mac so I have to use one of my other PCs. Overall, with their service and low commission, I am glad that my search finally landed me with them.

Rblooming

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Customer Service
Value

Hadnt heard of them, took a shot, BEST decision in a while

I trade about 1.3 million shares a month on average. I wasnt too familiar with Lightspeeds offering. I had heard they had a really solid platform with great executions and low cost. Due to my trading style thats pretty much exactly what i was looking for. I also heard about their web product not being too functional. I personally dont use and wouldnt want to use a web product when dealing with the market. I checked out both systems anyway and Lightspeed Trader was definitely the way to go. The Lightspeed trading platform is insanely fast. Been doing great with them and would highly recommend them to any trader. I came over to them from IB and am going to be here for a while

Pbateman7

Tools
Customer Service
Value

good value and good service

lightspeed charges for trading software. as i do not pay for tradingsoftware, i have to use the web trading platform. real time quotes are included for free as is moving money in and out.

using lightspeed for almost three years i believe that they are constantly trying to add new value to the customers. unfortunately ultra low commissions have been increased to still low commissions.

the bottleneck is , as always, the clearing firm. in this case it is penson. their credit rating does not convince me at all. in a fraudulent crazy bankers/brokers hypothecation and re-hypothecation world of lehman,mfglobal etc you can hardly rely on anyone. diversification WORLDWIDE is a must

Fredolin

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Customer Service
Value

Just got started and so far so good!

I just opened a day trading account with these guys and so far so good. It was a bit challenging opening an account, but got through the process. I was with Tradestation previously and I'm glad I made the switch. I was looking for a firm that offered dma, fast executions, and low commissions and LS fit my criteria perfectly!

I'm one of those people that rarely calls customer service, and it takes something really serious for me to call. I've been trading for over eight years now and I don't want to have any hassles that would cause me to have to call in. As long as I can log in and my buying power is loaded, I'm happy and no problems so far!

Mortimerduke

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Customer Service
Value

In a world where change is bad, Lightspeed made it good!

As the case with many traders, I feared and loathed the transition to a new trading platform. Traders are creatures of habit who do not take to change fondly. However, my experience transitioning to Lightspeed from another Broker has been an extremely positive experience. Having spent over a decade as a day trader, I find the Lightspeed front end to be user friendly, functional, and most importantly stable. Furthermore, I was able to integrate my algorithmic trading software with the Lightspeed Gateway thanks to the excellent support and documentation provided by Lightspeed Institutional Services. In a world where change is bad, Lightspeed made it good!

Liquidtrader

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Customer Service
Value

Mixed Thoughts

Somewhat convoluting. I'm not sure if these guys are owned by SMB or the other way around. But its a pain in the butt when no other broker can get lightspeed platform. On top of that, the pershare plans are not that great considering the platform costs and such. In my book, i give it mixed reviews. i'd rather go with Das or Sterling just so i can get used to cross industry standards

Andyminor1

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Customer Service
Value

Underated in my book

I think these guys are under rated in my opinion. They have a news conference call that is free for traders that use their service. I think it is better than trade the news and is always on point when there is stuff to trade.

Have used several trading platforms in the past but have no issues with Lightspeed glitching up on me or anything like that. Cost is inline with what you would expect but I have negotiated down since I average around 200,000 shares a day.

Bigjohnson1

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Customer Service
Value