So if you pay $100 commissions in one month, the Lightspeed Trader platform only costs $30. On top of that price, a monthly market data subscription is needed. Equities markets, for example, cost $19.50 per month, Level II data $23.75 per month etc. Users pay only for the market data they subscribe to. The Lightspeed Web/Mobile trader is web-based and comparable to Lightspeed Trader. Lightspeed Web & Mobile does only support Level 1 order book pricing. The web version does not support features like conditional orders and hotkey trading. There is no monthly software fee for the web-platform, and the Level 1 price data is also freely available. Sterling Trader Pro is a full-featured Level II trading platform. It provides an advanced charting package and improved order entry options. Sterling Trader Pro is the main competitor to DAS Trader Pro in the direct market access trading platform segment, and both have similar features. However, Sterling Trader Pro does not support conditional orders. Like with Lightspeed Trader, the market data needs to be paid every month based on the market data subscriptions. The monthly platform fee for Sterlin Trader Pro ranges from $230 to $260. This platform was created by Townsend Analytics, which is used by professional traders, active traders, as well as hedge funds. And it’s extraordinarily customizable, making it an excellent platform. The main benefit of EZE EMS is that it supports trading equities, options and futures, along with Level 1 and Level 2 data, conditional orders, hotkey trading, watchlists, various order routes, custom charts and layouts, market scanners and advanced window linking. The main benefit of EZE EMS is the support of futures contracts since neither Lightspeed Trader nor Sterling Trader Pro supports futures contracts. The monthly software fee is relatively high, at $350, and market data comes on top. Futures Trading Platform efutures Powered by CQGĮZE EMS supports futures trading along with trading stocks and options. efutures powered by CQG is a platform specialized in futures trading with global data coverage and futures-style quote boards. Lightspeed Trading offers online stock trading, options, and futures trading in the United States. IRA Accounts (Traditional, Roth, and SEPs – only for U.S.For active traders, these are the following accounts types: Lightspeed Trading offers a variety of different accounts so suit individual requirements. Lightspeed Trading offers some of the best day trading commissions you will find in the US across all direct market access brokers. The regular fee for stocks is $0.0045 per stock traded with a $1 minimum per trade. Those who trade over 1 million shares pay $0.0025 per share traded, and those who trade more than 15 million shares pay $0.0010 per share. On top of that, you have to pay routing fees of up to $0.003 per stock traded. So, for example, if you trade low volume and execute orders via the Nasdaq route, you pay $0.0045 + $0.003 = $0.0075 per share traded. With 100 shares, the cost is $0.75, but since the minimum commission is $1 per order, you pay $1 commissions + $0.003*100 = $0.3 order routing fees = $1.30 for the order.Īlternatively, you can pay a fixed $4.50 commission per trade rate, but that only makes sense if you trade high volume per trade. The standard fee for options is $0.60 per contract, but if you trade more than 500 contracts per month, you can get lower rates. Those who trade more than 100,000 contracts per month will pay $0.20 per contract.
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