![]() Our team of researchers gathered 2425 data points and weighted 66 criteria based on data collected during extensive research for each of the 25 companies we reviewed. This model weighs key factors like trading technology, range of offerings, mobile app usability, research amenities, educational content, portfolio analysis features, customer support, costs, account amenities, and overall trading experience according to their importance. We then combined this invaluable information with our subject matter expertise to develop the framework for a quantitative ratings model that is at the core of how we compiled our list of the best online broker and trading platform companies. This year, we revamped the review process by conducting an extensive survey of customers that are actively looking to start trading and investing with an online broker. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Portfolio margining typically works best for customers who trade derivatives that offset the risk inherent in their equity positions. Portfolio margining: Lightspeed clients who qualify can apply for portfolio margining, a risk-based method of computing margin requirements.Price improvement: Lightspeed didn't disclose its price improvement details.Payment for order flow: Lightspeed participates in payment for order flow (PFOF), a practice in which brokers accept payments for directing orders to specific market makers.The firm didn't provide us with any details about potential earnings from its stock loan program. Stock loan programs: Lightspeed earns money by loaning stocks in your account for short sales, with your permission, of course.You'll pay 9.75% on a $0 to $49,999 balance, and 7.25% on a balance of $1 million or more. Interest charged for margin: Lightspeed's margin interest rates are lower than many other large brokers.Interest paid on cash: Lightspeed earns interest on its customers' uninvested cash, but it doesn't share any of these earnings with account holders.Live broker trading is available for an additional $20 per transaction.It can be reduced based on trading activity. Software access fee for Lightspeed Trader is $130 per month.The price per futures contract open and close is $0.60 per contract per side.Checks are free except for overnight or Saturday delivery.The IRA opening fee is $20, and the IRA annual fee is $35.Wire fees are $20 for domestic and $50 for international.There are no deposit or withdrawal fees.The exercise and assignment fee is $20.Crypto is now available through Lightspeed Crypto with no transaction fees.Accounts that fall below a $15,000 balance must generate $25 per month in commissions or pay the difference. ![]() Margin interest on a $0 to $50,000 balance is 9.75%, and it's 7.25% at $1 million.A covered call trade of 500 shares plus five contracts is $5.25.The options per contract fee is $0.60 with a minimum of $1 per transaction.The options base commission to open and close is $0.The OTCBB commission is $10 per transaction with no share cap.The cost to trade one share is $1.00, or $4.50 to trade 1,000 shares.
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