FX.co ★ Lightspeed - Broker rating, review and comments

About company

Lightspeed Broker provides intermediary services to private traders, institutional investors, and hedge funds. The broker is headquartered in New York. Lightspeed is licensed by a number of reliable US regulators: NFA, SEC, and FINRA. Undoubtedly, such a list of supervisory authorities is an honour for any broker. Besides, this fact is important for many traders as in the event of the broker's bankruptcy, a client is entitled to compensation in the amount of up to $500,000.

Trading conditions

• opportunity to trade options, stocks, and futures
• 7 account types
• trades executed using DMA technology
• demo account
• wide choice of the in-house trading platforms
• fees for depositing and withdrawing funds
• hedging, scalping, and trailing stop
• free training materials: video tutorials and webinars
• withdrawals taking 3-5 days

Trading platform

The broker offers its clients several platforms for trading: LightspeedTrader, Sterling Trader, Lightspeed Web/Mobile Trader, RealTick Pro and Express, as well as Livevol X. Sterling Trader Pro features an impressive number of drawing tools for trading charts, provides access to all exchanges, and employs the ECN technology. In addition, the platform’s components are fully customizable. Lightspeed Trader is the broker's main trading platform which features an easy-to-use interface as well as charts and filters ensuring instant trade execution. Moreover, the company has recently announced a mobile version of Lightspeed Trader. Finally, RealTick is suitable for experienced traders and hedge funds. This platform makes it possible to use complex trading instruments and provides unique access to liquidity, convenient charts, as well as analytics.

Support service

Traders can contact the company's customer service via email, phone, and live chat.

Traders’ reviews

The reviews of Lightspeed are mostly positive. Clients note the broker's extensive market experience, its regulation by many supervisory authorities, and a good reputation. However, despite all the broker's advantages targeted at major stock market players, the broker can hardly be described as universal.

Advantages:

• regulated broker
• demo account
• wide choice of trading platforms and account types
• free training materials

Disadvantages:

• high initial deposit
• fees for depositing and withdrawing funds
• no MT4 trading platform
• disruption to trading platforms
• slippages
• no mobile trading app
• impossible to top up an account through bank cards
• no bonds or mutual funds among assets