Lightspeed reviews

Lightspeed_logo Lightspeed 6/10 (votes 2374)

On-line since: 2006
Country of origin: US
Regulation: FINRA, SEC, NFA
Payment options: wire transfer
Minimum account size: $10,000
Minimum lot size: -
Leverage: up to 1:50
Spreads: -

Lightspeed is a relatively young US-based broker with offices in New York and Chicago. The broker works mainly with professional investors with large trading volumes.

The broker is licensed by reputable US regulators: Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and National Futures Association (NFA).

In addition, the company is a member of the Securities Investor Protection Corporation (SIPC), which ensures the high level of security of funds.

Wedbush and Lloyd’s of London provides coverage for each client account. Each account is covered up to $100 million.

Trading conditions

The broker cannot boast of a wide array of trading instruments. The company offers its clients to trade futures, options, and stocks (mainly US companies). Trading of currency pairs, energy carriers, and metals is not available.

To open an account, traders need to make a minimum deposit of $10,000, which is a rather high initial deposit for many investors. The broker also charges high commission. For example, when trading options, it is up to $0.60 per contract, while for the stocks, it is up to $4.5 per transaction ($0.0045 per share). At the same time, Lightspeed encourages active traders. For clients with large monthly trading volumes, the commission is reduced by several times.

Some traders claim that the broker charges traders a commission for inactivity. However, on Lightspeed`s website, we did not find any information or warning of the broker on this issue.

Account types

Despite a high initial deposit, Lightspeed offers accounts for both professional and non-professional traders. Professional traders can choose from five account types, including a regulated account, a separately managed account, a CMTA agreement, and others. LLCs, individual accounts for hedge funds, and individual, corporate, joint, or trust accounts are available for all traders. American taxpayers can open an IRAs account (individual retirement account).


Lightspeed is not the best choice for beginners. However, they can find a lot of training materials on the broker`s website, including recordings of regular live webinars.

The broker provides its clients with the opportunity to open a demo account.

Support service

Traders can contact the support service by phone and email, as well as fill out a feedback form on the website. Many customers praise the support team for the prompt response, especially to the phone call (within a minute). The broker focuses on the North American market and the support team speaks only English.

Moreover, the choice of language versions on the company`s website is limited. Currently, only English and Spanish are available. Clients who wrote their reviews in previous years also mentioned the Chinese language.

Deposit and withdrawal of funds

Customers can deposit and withdraw money only via wire transfer. There is a commission that differs for US residents and foreign citizens (as well as payment details). Withdrawal requests are approved on the day they are received.


Many traders note that despite the broker`s willingness to work with non-professional traders, Lightspeed`s trading conditions are not suitable for novice traders. Apart from the high initial deposit, the company simply does not have anything that could attract the beginners (from educational materials on the website to the interface of the flagship platform). Poor language choice also spooks potential clients.

Advantages and disadvantages

Clients praise the broker mostly for user-friendly and high efficient flagship platform (speed and accuracy of operation), a wide selection of other platforms (one of the platforms is intuitive and easy to learn), prompt response from the support service, discounts for active traders, a great choice of account types, including a demo account.

Nevertheless, they complain about the limited choice of trading instruments, a small array of payment methods for depositing and withdrawing funds, the commissions for funds withdrawal, as well as a monthly fee for using the Lightspeed Trader platform.

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Comments about broker

Chandrama trader
review Lightspeed

I have invested my money at Lightspeed, and most of the money is gone due to their poor performance. They have the worst platform ever, which only makes me lose. It's really hard to earn a profit at this broker. I can't cover all my losses with this broker. Last week, I made a withdrawal request for the rest of my money, but they didn't process it until now. I called customer support and they asked me to wait, but I didn't get my money back until now also no response at all from them, they stole my money. Lightspeed is a scam, I closed my account at this broker. Stay away from this broker.

Ibrahim trader
review Lightspeed

Early this year, I opened an account at Lightspeed. I did not expect to have this amazing trading experience. The broker indeed went beyond my expectations and I am more than happy. Right now, I have already made a huge progress in my trading account.

Ketupat trader
review Lightspeed

The starting capital is too high but their services are a little disappointing. I decided to stop trading with this broker after I incurred huge losses. I am a spot trading and they imposed new rules to get all the money I earned from the market. I don't think it is worth it to invest on this broker. I am afraid I would only be wasting my time waiting to progress because their trading platform is not very stable. In fact I feel cheated, every few weeks they always reduce my account even though I've got a hefty profit. Slowly they take all what I already have.

Aarmosl trader
review Lightspeed

I have a account with Lightspeed broker and to be honest I was satisfied by the Lightspeed Trader platform, using it trouble-free. It's too effortless. Also big enjoyment in depositing and withdrawing money. I have wait up to only one or hours for deposit/withdrawal to appear. Another thing I must say they have very excellent customer support.

Tantin trader
review Lightspeed

Three years have passed since I started trading with Lightspeed. This is my first broker and I am very happy that I did not need to change brokers anymore. This broker provided me with everything that I need already so I stayed with them. I have made multiple withdrawals in a span of three years and all of them were processed efficiently. In total, I was already able to withdraw $550.

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