| |
Lightspeed Trader Pricing
Being able to focus on your trading strategies and not worry about what each trade is costing you is exactly what our pricing schedule offers. At Lightspeed, there are NO TICKET CHARGES for our per-share or per contract plans for online stock, options or futures trading. Our minimum execution charge for Equities and Options is only $1.00
See our account funding requirements.
- Commission
- Mkt Center
- Futures
- Mkt Data
- Margin
- Other Fees
Lightspeed Trader Pricing: Direct Market Access
| Product |
Cost |
Additional Details |
Your Choice
Equities-Per Share
Equities-Per Trade |
$.0045 per share
or
$4.50 per trade |
plus/minus Market Center Fees
$1 min commission charge |
| OTCBB |
$10.00 per trade |
plus/minus Market Center Fees |
| Options |
$0.60 per contract |
$1 min. commission charge |
| Futures |
$0.60 per contract |
plus market center fees |
| Phone Orders |
$20.00 per trade |
plus regular commission charges |
Lightspeed WebTrader Pricing: Smart Route Access
| Product |
Cost |
Additional Details |
| Equities-Per Trade Plan |
$3.00 per trade |
Max order size 50,000 shares |
| OTCBB |
$10.00 per trade |
|
| Options |
$0.60 per contract |
$3.00 min commission charge |
| Phone Orders |
$20.00 per trade |
plus regular commission charges |
Please click here to see our minimum funding requirements for new accounts
| Venue |
Add Liquidity |
Take Liquidity |
Outbound Shares |
| ARCA (NASDAQ) |
$0.0021 |
($0.0030) |
($0.0035) |
| ARCA (AMEX) |
$0.0022 |
($0.0030) |
($0.0035) |
| ARCA (NYSE) |
$0.0021 |
($0.0030) |
($0.0030) |
| ARCA (OTCBB) |
$0.0000 |
($0.0030)* |
($0.0030)* |
| BATS X |
$0.00250 |
($0.00290) |
($0.00290) |
| BATS Y |
($0.00080) |
($0.00030) |
($0.00350) |
| BOSX |
($0.0023) |
$0.0000 |
N/A |
| CROSS+ |
$0.0000 |
($0.00275) |
$0.0000 |
| EDGX |
$0.00230 |
($0.0029) |
($0.0029) |
| EDGA |
$0.0004 |
($0.0007) |
($0.0029) |
| FLOW |
$0.0023 |
($0.0026) |
($0.0026) |
| KNIGHT FAN |
$0.0025 |
($0.0027) |
($0.0027) |
| KNIGHT COVERT |
N/A |
($0.002) |
N/A |
| LSPD Dark Pool |
N/A |
($0.00225) |
N/A |
| NASDAQ |
$0.0020 |
($0.0030) |
($0.0030) |
| NASDAQ Hidden |
$0.0010 |
($0.0030) |
($0.0030) |
| NASDAQ PSX |
$0.0017 |
($0.003) |
N/A |
| NITE (OTCBB) |
$0.0000 |
$0.0000 |
$0.0000 |
| NYSE |
$0.00140 |
($0.00240) |
($0.00310) |
See an example of how market center fees impact your total transaction costs!
EXAMPLE:
If you want to send an order to buy 100 shares of AAPL. Your commission will have two components:
1) The $.00395 per share charged by Lightspeed
2) The market center fee charged to you or paid to you.
If you send this 100 share order as a market or marketable limit (take liquidity) order to NASDAQ, your total commission will be $0.70. This charge is made up of the $0.40 commission paid to Lightspeed plus the $0.30 market center fee charged by NASDAQ for taking liquidity.
However, If you send this 100 share order as a displayed limit (adding liquidity) order to NASDAQ, your total commission will only be $0.20. This charge is made up of the $0.40 commission paid to Lightspeed minus the $0.20 rebate given back to you by NASDAQ for adding liquidity.
You can choose to send your orders to exchanges which have lower market center fees or in some cases no market center fees at all. For Example, the BOSX ECN currently has ZERO charge for taking liquidity. If your 100 share order is executed on the BOSX ECN your total commission will only total the $0.40 charged by Lightspeed.
The term “Outbound” refers to an order which is routed from its original destination to another venue.
EXAMPLE: You send an order to ARCA to buy XYZ at $20.05 while NSDQ is displaying an offer to sell at $20.04. ARCA will route your order to NSDQ for execution at the better price. This order routing is referred to as outbound.
As you can see, Lightspeed gives you full control over your order routing and the associated execution costs. Keep up to date with current routing fees charged by the exchanges to help you make the best decision about where to send your orders. Minimizing your execution costs = Keeping more of your profits.
| Fee |
Multiplier |
Additional Details |
| STC: |
($0.0000169) |
Multiply this amount
by the principal amount sold |
| FINRA TAF: |
($0.0000750) |
Covers sales of exchange registered securities whenever executed. Multiply this amount by the number of shares sold |
For more information about Futures, see our FAQs
| Sym |
Description |
Comm |
Exch Fees |
Init Margin Req |
Maint Req |
| /6A |
CME Australian Dollar |
$0.60 |
$1.61 |
$3,375 |
$2,500 |
| /6B |
CME British Pound |
$0.60 |
$1.61 |
$2,700 |
$2,000 |
| /6C |
CME Canadian Dollar |
$0.60 |
$1.61 |
$2,430 |
$1,800 |
| /6E |
Euro (FX) 6E |
$0.60 |
$1.61 |
$4,050 |
$3,000 |
| /6N |
CME New Zealand Dollar |
$0.60 |
$1.61 |
$3,990 |
$3,000 |
| /6S |
CME Swiss Franc |
$0.60 |
$1.61 |
$3,713 |
$2,750 |
| /BZ |
Brent Crude Oil (Last Day) |
$0.60 |
$0.76 |
$4,400 |
$4,000 |
| /CL |
Light, Sweet Crude Oil |
$0.60 |
$1.46 |
$5,400 |
$4,000 |
| /E7 |
E-Mini Euro FX (E7) |
$0.60 |
$0.86 |
$2,025 |
$1,500 |
| /EMD |
E-Mini S&P Midcap 400(ME) |
$0.60 |
$1.15 |
$7,500 |
$6,000 |
| /ES |
E-Mini S&P 500 (ES) |
$0.60 |
$1.15 |
$5,625 |
$4,500 |
| /GC |
Gold |
$0.60 |
$1.46 |
$5,403 |
$4,002 |
| /HG |
Comex Copper |
$0.60 |
$1.46 |
$6,075 |
$4,500 |
| /HO |
Heating Oil |
$0.60 |
$1.46 |
$5,400 |
$4,000 |
| /NG |
Henry Hub Natural Gas |
$0.60 |
$1.46 |
$6,750 |
$5,000 |
| /NKD |
Nikkei 225 |
$0.60 |
$2.04 |
$6,250 |
$5,000 |
| /NQ |
E-Mini Nasdaq 100 (NQ) |
$0.60 |
$1.15 |
$3,500 |
$2,800 |
| /PA |
Palladium |
$0.60 |
$1.46 |
$2,362.50 |
$1,750 |
| /PL |
Platinum |
$0.60 |
$1.46 |
$6,075 |
$4,500 |
| /QG |
E-mini Natural Gas Cash |
$0.60 |
$0.51 |
$1,687.50 |
$1,250 |
| /QH |
E-mini Heating Oil Cash |
$0.60 |
$1.21 |
$2,200 |
$2,000 |
| /QM |
E-mini Oil Cash |
$0.60 |
$1.46 |
$2,700 |
$2,000 |
| /RB |
RBOB Gasoline |
$0.60 |
$1.46 |
$5,400 |
$4,000 |
| /SI |
Comex Silver |
$0.60 |
$1.46 |
$5,400 |
$4,000 |
To view the current contract month use the following code:
| F = January |
J = April |
N = July |
V = October |
| G = February |
K = May |
Q = August |
X = November |
| H = March |
M = June |
U = September |
Z = December |
To view futures quotes in Lightspeed type / followed by the product symbol followed by the expiration month code and last digit of the year.
Example: To see the December 2009 S&P 500 E-mini Contract type in /ESZ9. ES is the product symbol, Z is the December expiration month code, 9 is the last digit of the 2009 expiration year.
Lightspeed Trader
| Per User Per Month |
Non-Professional |
Professional |
| NYSE Level 1 |
$1.00 |
$127.25 |
| NYSE Open Book |
$65.00 |
$65.00 |
| AMEX Level 1 |
$1.00 |
$30.20 |
| ARCA Book |
$10.00 |
$30.00 |
| Dow Jones News |
$109.10 |
$109.10 |
| Options |
$45.00 |
$70.00 |
| NASDAQ Level 2 w/Book Depth |
$16.00 |
$96.00 |
| Futures (free w/futures account**) |
$71.00 |
$71.00 |
| Dow Jones Index Data |
$1.00 |
$2.00 |
Lightspeed Web Trader
| Per User Per Month |
Non-Professional |
Professional |
| Real time level 1 |
FREE |
$105.00 |
*NYSE data feed subscribers with multiple terminals may be eligible for reduced per/terminal rates
*See link to determine Professional or Non-Professional status
*Fees and rates are subject to change without prior notice.
**To qualify for free futures market data, account must make at least one round trip futures trade per month.
| Company |
Margin Rate |
 |
6.00% |
| MB Trading |
7.45% |
| Tradeking |
6.5% |
| Scottrade |
7.75% |
| Debit Balance ($) |
Rate |
| 0 – 49,999.99 |
6.00% |
| 50,000 – 249,999.99 |
5.00% |
| 250,000 – 499,999.99 |
4.25% |
| 500,000 – 999,999.99 |
3.75% |
| 1,000,000+ |
3.50% |
| Credit Balance ($) |
Rate |
| All Balances |
0.00% |
- Service Fees
- Securities Processing Fees
| Description |
Fee |
| ACAT Fees – Inbound |
FREE |
| ACAT Fees – Outbound |
$50.00 |
| ACH Recalls / Reversals |
$30.00 |
| ACH Returns |
$30.00 |
| Certificate Fees |
$50.00 |
| Certificate Safe Keeping Fee |
$30.00/Quarter |
| Conversion Fees (changing ADR to ODR) |
$25.00 |
| DTC Fees |
$25.00 |
| Foreign securities-ACAT Fees |
Variable |
| IRA Annual Fee |
$30.00 |
| IRA Closing Fee |
$20.00 |
| Options Exercise Fee |
$25.00 |
| Overnight Checks (Domestic) |
$20.00 |
| Overnight Checks (International) |
$50.00 |
| Paper Statement and Confirm Delivery Fee (per mailing) |
$1.00 |
| E-mail Statement and Confirm Delivery Fee |
| |