Thus, whenever a stock is moving quick, I'll have the Lightspeed chart also display the stock I'm interested in (along with the ToS chart) so I can buy with a better idea of the exact fill price I'll get. On the other hand, the Lightspeed chart almost perfectly lines up with the actual lightspeed quotes, even with fast-moving stocks. But why not just use 2 ToS charts? Unfortunately, when a stock is moving quickly and/or has a lot of volume, thinkorswim's chart data lags slightly behind lightspeed's quote data - causing slightly unintended fills (typically in the wrong direction in my experience). I will use the ToS chart as my primary chart, but the lightspeed chart comes into play if I'm interested in multiple stocks at open AND/OR when there are fast-moving stocks (I will explain this is in a second). I have one chart up from ToS and one chart up from lightspeed. Additionally, getting used to new charts is quite a challenge - I am so used to trading with the ToS charts to a point where anything else is somewhat difficult to use in the morning.ĭue to the above reason, I have found that using a hybrid is the best way to trade thus far. You have to know a thing or 2 about trading in order to understand what's going on in the Lightspeed platform. Moving on to the platform itself, well, ToS is way easier. Compared to recent TDAmeritrade/ToS fills, it is on a whole other level. They are pretty much instant in my experience so far. I have never experienced faster execution in my life with Lightspeed Trading. I am a morning penny stock trader, so I need extremely quick fills. After attempting to fund my account for literally 1 month (lightspeed only accepts wire transfers for new account funding - make sure your bank allows wires to third party accounts :p ), I was finally ready to click some buttons for money. Coming out of the August extravaganza, it was just too slow in the morning, so I reached out to Lightspeed Trading, my new choice of broker after a quite a bit of research. All routing fees/rebates and regulatory fees are charged separately.Ĭommission structure does not apply to Sterling Vol Trader customers, click here for Sterling Vol Trader pricing.I have switched brokers to Lightspeed, and I must say, getting used to a new platform and feel is considerably harder than one might think - especially after nearly 3 years of using ToS (in my case). Per-share equities pricing is not available on Lightspeed Web & Mobile. Lightspeed Web & Mobile - minimum commission of $4.50 will be applied to any options order. Eze EMS (formerly RealTick) - minimum commission of $3.00 will be applied to any order. Lightspeed Trader and Sterling Trader Pro - a minimum commission charge will be applied to any order of $0.50 on any discounted per share commissions. Option pricing assumes customer priority status.Ĭommissions: Accounts under $15,000 will be subject to a $25 monthly minimum commission fee, minus any actual commissions charged in the prior month. All stock/ETF pricing listed on this page applies to listed equities only. All rates are subject to ongoing review and may be increased if the client fails to meet the trade/share thresholds listed above. Rebates will not be issued for past activity. You must contact us to request any rate changes. Active Trader Commissions: Active Trader rates are not automatically applied to any account and do not automatically adjust based on monthly volume.
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