The cost or the minimum initial deposit depends on the account type and can vary from $2,000 for a cash/margin account to $175,000 for a portfolio management account. *See the card issuer's online application for details about terms and conditions. Updates made in the mobile app migrate to the online account and vice versa. How many technical studies / indicators are available to add to a stock chart in the mobile app. Offers a options screener. Overall, between Lightspeed and TradeStation, TradeStation is the better online broker. If you bought 200 shares and then sold 100 shares one hour later and an hour after that sold another 100 shares, that is one-day trade. Other Investments - Lightspeed also offers futures trading. On the third instance of liquidating to meet a portion of, or all a call not attributed to adverse market movements, the account will be restricted to cash on hand for a period of 90 days. For options orders, an options regulatory fee per contract may apply. Once the payment is accepted, click Finish Sale. Margin interest is charged based on the amount of money borrowed over your total equity. Examples: Morningstar, Lippers. Portfolio Margin Account: SEC-approved portfolio margining rules allow margin requirements to reflect the actual risk of the entire portfolio in a specific brokerage account more accurately. Examples: Consensus vs actual data, EPS growth, sales growth. Examples include: trendlines, arrows, notes. Full quote and research results must be available for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google. Trading Basics Powered by Warrior Trading. Retirement Accounts - Lightspeed offers retirement accounts but charges a $20 to open them, a $35 annual fee (waived first year), and a $95 closure fee. Commission spend applies towards this fee, so if a client spends atleast $130 in commissions, the $130 fee is not applicable ($130 - $130 = $0). Offers a downloadable Apple Watch app through the iOS app store. In the new window, enter a Deposit Amount and click Add. After-hours trading supported in the mobile app. Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. By clicking OK, you agree to allow us to collect information through cookies. Uniquely designed for marine dealerships, Lightspeed EVO is an intuitive, integrated dealer management solution, built to help you find and keep customers, streamline operations, and grow profitability. It provides: As a day trader, you can customize your dashboard to meet your needs. Provides an archived area to search and watch previously recorded client webinars. Your privacy is our priority.For more information, please read our privacy policy. Lightspeed requires a minimum $25,000 initial deposit for both the LS Trader platform and the Web/Mobile platform. Uniquely designed for marine dealerships, Lightspeed EVO is an intuitive, integrated dealer management solution, built to help you find and keep customers, streamline operations, and grow profitability. Occasional investors can make a $10,000 minimum investment to get started. The ability to jump straight from the option chain to a P&L chart or probability chart for deeper analysis. Clients can track their progress and see which articles and/or videos they've completed to date. Other Info: Money deposited to pay for this call must remain in the account for two days before being withdrawn. Linking the user from the chart to an empty (non pre-populated) order form does NOT count. Ability for clients to add and pay bills using the mobile app. If you are a day trader or someone interested in day trading, keep reading to see what Lightspeed offers. Please find more information on the cookies used on our site in our Privacy Policy. Platform tutorials, FAQs, etc do NOT count. Can be done manually by user or automatically by the platform. Interactive chart optional. Ability to route option orders directly to a specific exchange designated by the client. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website. Full quote and research results must be available for 2 of the 3 following tickers: FNMA, IMBBY, NENE. Service provider example: Recognia. The max number of individual legs supported when trading options (0 - 4). Optional smartphone push notifications for stock alerts in the mobile app. The only exception is for those investors not participating in day trading on the Web/Mobile platform. Online banking can be a benefit for investors, and some brokerages do provide banking services to customers.