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Home Investing

Lightspeed Trading Review And Promotions – $10,000 Cash Back

Tony Jay by Tony Jay
October 25, 2022 11:54 pm CDT
in Investing
0
Interactive Brokers Logo Click here to see why Interactive Brokers is the #1 brokerage for serious investors!

Find the latest Lightspeed Trading promotions and offers here from one of the best brokers for frequent traders.

About Lightspeed Trading

Traders that are interested in having access to the highest number of trading platforms in the industry should consider Lightspeed. They have a unique software program that is highly customizable, and offer customers a wide variety of options that they can choose from. Although their application process may be slightly outdated, it’s worth going through if Lightspeed fits your needs.

The Application Process

Before you can be approved to use the Lightspeed trading system, you will have to send in an application. Users will be required to print out a .PDF form, fill it out with basic information, and mail it into the company’s headquarters. You will then be approved to use the program whenever you desire. There is room for improvement in this regard, as all applications should be able to be done online.

High Number of Trading Platforms

The most noteworthy benefit of Lightspeed is the fact that it offers a substantial amount of trading platforms, far more than any other company in the industry to date. Every year they are adding more platforms to enhance the convenience of their users. For example, the Lightspeed Trader platform is the most popular and offers customizable software, high performance, and more. The main thing to consider is that to have access to the Lightspeed Trader platform, you will need at least $25,000 in your account on a monthly basis, making it un-affordable for some groups of traders.

Additional Fees

One of the most common fees that you might experience if you are a small balance trader is an additional Minimum Commission Fee. Unfortunately over time, the fee can make it far too expensive for small investors to even consider using the program. If your account has less than $15,000 in it every month, you will be charged an additional $25/month. There are also a variety of fees pertaining to IRA accounts, which isn’t beneficial for retirement investors.

Useful for Veteran Traders

If you’re looking for a trading platform that is going to accommodate beginner traders, Lightspeed isn’t the platform to consider (you may like TD Ameritrade’s free ThinkorSwim). There have been numerous customers that have complained about their customer service, the complicated interface, and the trader oriented pricing scheme. All of these factors aren’t going to help an individual learn how to trade effectively as they might focus more on learning the program than learning to trade. There is also a lack of learning materials for new investors.

Alpha Picks 50 Off Banner

Lightspeed Promotion: Up To $10,000 Cash Back

This offer is currently unavailable.

  • Open a new account and Lightspeed will rebate 50% of your equities and options commissions for the first three months up to $10,000 cash back
  • Offer available to new customers who utilize any of their DMA trading platforms (Lightspeed Trader, Sterling, or RealTick)
  • Use promo code “10KGOOG“
Learn MoreAt Lightspeed

For the best brokerage promotions, see our listing here. Some of the best offers typically are provided by Scottrade, TD Ameritrade, Betterment, Motif, Tradeking and OptionsHouse. Here are the current most popular offers:

  • Best Brokerage Bonuses & Stock Investing Promotions of May 2025
  • Best Fidelity Investing Bonuses, Promotions May 2025
  • J.P. Morgan Self-Directed Investing Up To $700 Bonus – Ends 7/22/25
  • Best Crypto Exchanges in the U.S. with Sign-Up Bonuses April 2025
  • E*Trade Brokerage Promotion: Up To $10,000 In Cash Bonuses Promo Code REWARD24 – Ends 7/31/25
  • Best Online Brokerages for Stock Trading & Investing
  • Mastering Margin Trading with Interactive Brokers
  • J.P. Morgan Personal Advisors: Personalized Financial Plan & Ongoing Fiduciary Advice
  • Merrill Edge Promotions: $1000 Investment Offer, Up To $7500 Secret Offer
  • Charles Schwab Brokerage Bonus: $100 To $1000 Sign-Up Offer
  • E*Trade Brokerage Promotion: Up To $1,000 In Cash Bonuses For Existing Accounts – Ends 2/29/24
  • Plus500 Futures Trading Promotion: Up to $200 First Deposit Bonus

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Tony Jay

Tony Jay

Hey there! I'm Tony, a personal finance enthusiast.

If you're looking to maximize your savings, I've got you covered. From exclusive banking promotions and investing bonuses, to exciting credit card offers, I'll keep you in the loop on the hottest deals in town.

Join me here at MoneysMyLife and let's embark on this adventure together. Contact me here.

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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