Lightspeed is a renowned United States trading platform brokerage established in 2008. Currently Lightspeed serves around 10,000 registered users worldwide.
Lightspeed is regulated by FINRA (Financial Industry Regulatory Authority), NFA (National Futures Association), SIPC (Securities Investor Protection Corporation).
Lightspeed isn't listed on any stock market and doesn't disclose its yearly report on its website.
Lightspeed do not have a Wikipedia page. It's very hard to obtain a Wikipedia page as the pages are monitored and checked regularly, so if a broker is important enough to have one, it adds to their credibility.
Lightspeed is deemed safe because United States arms are controlled by FINRA (Financial Industry Regulatory Authority), NFA (National Futures Association), SIPC (Securities Investor Protection Corporation).
If you are not happy with Lightspeed, let us show you some great alternative brokerages.
What Lightspeed Does not Offer and Alternatives For Each
To get hold of a trustworthy and reliable broker is tough in today's trading world.
We explain in detail what Lightspeed does and does not offer and offer Lightspeed alternative brokers who might better fit your trading needs.
We have listed some reasons why Lightspeed may not be the best broker for you.
But don't worry; we have compiled a list of the best alternatives below.
Lightspeed Alternatives with More Users
When trading you may want to trade with a Lightspeed alternative that has more active users.
The more users a broker has indicates that the trading platform is more mature and that the Lightspeed alternative is
better able to satisfy the needs of their clients than that of trading platforms with fewer users.
| Broker |
lightspeed
|
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
| User accounts |
10,000+
|
200,000+
|
730,000+
|
35,000,000+
|
1,000,000+
|
10,000,000+
|
400,000+
|
400,000+
|
200,000+
|
250,000+
|
Lightspeed Alternatives with Less Min Deposit Requirements
You should check how Lightspeed minimum deposit requirements compare with the minimum deposits of Lightspeed competitors.
Brokers offer lower minimum deposits to get traders to join them, but having higher minimum deposit requirements isn’t necessarily bad.
It all depends on your trading needs. If a Lightspeed alternative has a higher required minimum deposit amount before trading, but it has everything you need and more, then trade
with them, as long they are well regulated.
Lightspeed Alternatives Similar or Lower Min Trade Requirements
Brokers offer lower minimum trade requirements, making trading more accessible to newer traders. If you are looking for a Lightspeed alternative with a lower min trade requirement, you can see how Lightspeed compares with its competitors.
Lightspeed Alternatives Similar or Higher Max Trade Requirements
All brokers have a maximum trade limit allowing clients to trade, which varies from asset to asset. This Max trade restriction helps limit the potential loss a client can occur.
See how Lightspeed max trade limits compare with some Lightspeed alternatives.
Lightspeed Easier Account Opening
Lightspeed is known for a simple and easy account opening process. However, it is not the only brokerage that offers streamlined account opening and easier navigation.
Many customers who use Lightspeed have found it difficult to apply for a live trading account. Although the process is straightforward for the demo account, which requires only an email and password, the same cannot be said for a real Lightspeed live trading account. This type of account demands more detailed steps, including filling out a comprehensive questionnaire and submitting documents to Lightspeed for verification. Additionally, several documents must be read before proceeding. These requirements may seem challenging to some Lightspeed customers, but they are crucial in ensuring that Lightspeed adheres to industry standards and provides a secure trading environment for its users.
several brokerages offer a range of trading accounts that are great alternatives to Lightspeed.
Lightspeed Alternatives with Similar or More Awards
Awards aren't everything, but when you are trying to find a good alternative to Lightspeed, seeing who has similar or greater
Industry recognition to Lightspeed may help you find a good Lightspeed alternative.
Recommended Lightspeed Alternatives and Lightspeed Competitors
Below is an extensive list of the best alternatives to Lightspeed based on our unique 580 point criteria.
While Lightspeed is a great global brokerage, it is not the number one in every trading product. Some brokers provide better CFD trading.
Some brokerages have more regulatory authorizations granted than Lightspeed, which can be one of the deciding factors when choosing a brokerage. Some brokerages have a wider market reach than Lightspeed.
Like with everything else, with investment and trading, you have choices based on your preference. Choose wisely and aptly. Please list the options you are looking for, and explore the options we have provided in each category.
Important Factors for Finding Lightspeed Alternatives
What are important factors when looking for a Lightspeed alternative.
Lightspeed Alternatives Better Fees
Even after knowing the risk is associated, we trade for profit. We buy stocks and CFDs to gain on an investment.
Therefore it is always good to check how Lightspeed fees compare to Lightspeed competitors. the fee structure of a brokerage is an important point of consideration. Generally, higher fees are charged by brokerages that offer more facilities and more services.
If you intend to monitor your investment and trading activities by yourself, you can opt for brokerages with a more competitive fee structure than Lightspeed.
Lightspeed Risk Disclosure
Your capital is at risk
Lightspeed Alternatives with No Inactivity Fees
When trading with Lightspeed or a Lightspeed alternative, you must check and be aware of inactivity fees.
Inactivity fees are an amount charged to investors that have not participated in any purchasing or selling actions in their broker accounts to certain volumes over some time.
It's possible to avoid broker inactivity fees by keeping to the withdrawal and deposit requirements to maintain the account.
It is easy to avoid inactivity fees, but it's also easy to overlook if you forget about your account and don't use your trading account for an extended period.
You can see how Lightspeed compares to some Lightspeed alternatives for inactivity fees below.
Lightspeed Alternatives with No Withdrawal Fees
Some brokerage platforms will charge a withdrawal fee when you transfer money from the broker to your bank or other withdrawal methods.
Keep an eye on and be aware of any withdrawal fees that Lightspeed may charge.
Also, be aware that some withdrawal fees may not be from Lightspeed but from your payment method. 3rd party payment processing fees may be for various reasons, including converting currency and transferring money
between international banks.
Compare Lightspeed withdrawal fees with some Lightspeed alternatives below.
Lightspeed Alternatives with No Deposit Fees
As with withdrawal fees, you may also face charges for depositing money to Lightspeed or your Lightspeed alternative.
Just ensure you understand why you are paying broker deposit fees so you can factor the deposit fees into your costs.
Transferring money to your broker may occur fees from your bank or payment method, so just be sure to check the reasoning of all deposit fees you are charged whether it is Lightspeedor a Lightspeed competitor.
You can see how Lightspeed compares to some Lightspeed alternatives for inactivity fees below.
Lightspeed Alternatives with More Instruments and Financial Markets
A global brokerage has many advantages. A broker with an international presence has greater access to different financial markets worldwide, international trading, and an increased number of products to trade on.
If you intend to access more financial markets and products, you must look for brokerages with better access to financial markets and more financial products to choose from.
Lightspeed Alternatives Offering Stocks and Shares
Lightspeed does offer CFD Stocks trading. see the best Lightspeed alternative stock brokers here.
The stock market is a constantly evolving platform that offers various opportunities for traders. Investors typically view stocks as suitable for medium to long-term investments, as various market events influence their value. Some of these events include earnings reports, new product launches, and changes in competitor stock prices.
For instance, if a smartphone manufacturer receives unfavourable press due to a product defect, its competitors' stock prices will likely increase. Companies that generate profits may distribute gains to their shareholders through a predetermined payment per share.
When you take a position in a stock, you are essentially investing in the underlying asset, and the shares are purchased and held in your name. This type of investment offers potential benefits for investors willing to take on risks and stay invested longer.
However, Lightspeed also provides additional functions using CFD trading. fractional shares. $100 for a stock which costs $500.
Lightspeed Alternatives with More Shares Available
Having access to more tradeable shares on a Lightspeed alternative means you have greater choice. Greater choice means you can diversify your portfolio with the aim of
Lowering your trading risk.
Lightspeed Alternatives Offering US Stocks and Shares
If you are investing in stocks with a Lightspeed alternative, you will want to look at investing in US stocks and shares. The US stock market is worth over 40 million US Dollars, which is 44% of the total value of all stock markets worldwide. US stocks are home to some of the most well-known brands in the world, including Apple Inc. (AAPL), Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN), Alphabet Inc. (GOOGL) and Facebook, Inc. (FB).
Lightspeed Alternatives Offering UK Stocks and Shares
If you are looking to trade UK stocks and shares with a Lightspeed alternative, the United Kingdom is one of the most stable financial markets in the world.
The London Stock Exchange (LSE) is one of the world's largest stock exchanges, with a total market capitalization of approximately £4.4 Trillion as of November 2024 (data from LSE website).
Looking ahead, the Economy Forecast Agency (EFA) projects that the FTSE 100 index could reach as high as 10,920 points by the end of 2025, representing a potential surge of 32% from current levels. While this forecast pertains specifically to the FTSE 100, it suggests a positive outlook for the broader market, including the LSE's overall market capitalization.
Numerous renowned global brands, including HSBC Holdings (HSBA), Diageo (DGE), GlaxoSmithKline (GSK) and Unilever (ULVR), are listed on the UK stock exchanges, making it a highly diverse and attractive market for investors looking to diversify their portfolios.
In addition to its impressive size and strong regulatory framework, the London Stock Exchange is known for its advanced technology and innovative trading solutions, making it a highly efficient and transparent platform for trading a wide range of financial products. Overall, the LSE is a highly respected and reputable financial institution that plays a vital role in the global financial landscape.
Lightspeed Alternatives Offering German Stocks and Shares
If you are interested in trading stocks and shares, you should look at trading some German stocks and shares with your Lightspeed alternative.
The German stock market is worth an estimated 2.28 Trillian Euros.
The German stock market is home to world-famous companies like SAP SE (SAP), Siemens AG (SIE), Deutsche Telekom AG (DTE), BASF SE (BAS), and olkswagen AG (VOW3).
Lightspeed Alternatives Offering Japanese Stocks and Shares
The Japanese stock market is also good if you consider trading stocks and shares with your Lightspeed alternative.
The Japanese stock market has a total value of an estimated 6.71 trillion USD and is home to some of the world's largest manufacturing companies like
TToyota Motor Corp (ticker symbol: 7203), SoftBank Group Corp (ticker symbol: 9984), Sony Group Corp (ticker symbol: 6758), Mitsubishi UFJ Financial Group Inc (ticker symbol: 8306) and NTT Docomo Inc (ticker symbol: 9437).
Lightspeed Alternatives Offering Indices Trading
What are Indices Brokers?
An index broker is a financial professional or firm that facilitates the buying and selling index-based financial products. Some brokers like Lightspeed offer financial instruments that track the performance of a particular index, such as the S&P 500 or the NASDAQ Composite on the Lightspeed trading platform.
Why Trade Indices With A Lightspeed Alternative?
One may always opt for indices with Lightspeed for the following reasons:
- A trader can benefit when investing in indices because they can look at the whole number of companies in the index, yet they are not bound to invest in all of them. Indices trading can give the investor room to study the market carefully and gain experience to use in the trading world in future.
- A trader benefits when he invests in indices because he is getting a golden chance to look at the whole number of companies in the index, yet he is not bound to invest in all of them. Indices allow the investor to study the health of a stock market as a whole and carefully and gain experience.
- Indices make it possible for the trader to grasp the current market trend. Thus, speculation may work wonderfully while trading indices.
Lightspeed does offer Indices trading see the best alternative Lightspeed Indices trading brokers here.
Lightspeed Alternatives Offering More Commodities
You may be looking for a Lightspeed alternative that offers a wider selection of commodities. Trading in commodities helps experienced traders hedge against loss. So having a wider range of commodities on your trading platform is generally good. Let's see how Lightspeed compares to other brokers regarding commodities trading.
You may want to see your options with more brokers trading in metals on financial markets. The supply and demand of metal commodities greatly impact established and emerging economies. Metal is essential to manufacturing.
Lightspeed Alternatives Offering Energy Commodities
See how Lightspeed alternatives compare in the energy commodities they offer.
Energy commodities are essential to the running of the world. Oil, Electricity, and Gas as all in high demand as the world population grows.
Lightspeed Alternatives Offering Agricultural Commodities
Agricultural commodities are humanity's main food source and are often essential to many manufacturing industries. Wheat, Coffee and Soybeans are very active in commodities markets.
If you actively trade in agricultural commodities, you will want to see how Lightspeed compares with some Lightspeed alternatives regarding the agricultural commodities they offer.
Lightspeed Alternatives Offering Forex Trading
What are Forex Brokers?
Forex brokers facilitate foreign exchange trading in currency pairs on their online and mobile app Forex trading platforms.
Why Use Forex Brokers?
- Forex trading is one of the most popular forms of trading worldwide. With trade and transactions happening between different countries, Forex is a preferred form of trading for short-term gains for many.
- When looking for a Forex trading brokerage, check out the number of currency pairs they offer and the number of markets they operate in.
Lightspeed Alternatives Offering Major Forex Pairs
Major Forex pairs by volume are EUR / USD, USD / JPY, GBP / USD and USD / CHF. If you want to trade Forex with a Lightspeed alternative, you will want to become familiar with these currency pairs.
Lightspeed Alternatives Offering Minor Forex Pairs
Minor Forex pairs do not contain the USD. The UK Pound, Euro and Yen are minor Forex pairs.
See what minor Forex pairs are available on some Lightspeed alternative Forex platforms.
Lightspeed Alternatives Offering Exotic Forex Pairs
When trading in the foreign exchange market, exotic currency pairs refer to less commonly traded currencies than major currencies like USD, EUR, JPY, and GBP. These currencies are usually associated with developing or emerging economies, such as the Turkish lira (TRY), South African rand (ZAR), Australian dollar (AUD), and Mexican peso (MXN).
Trading in exotic currency pairs can be challenging as they generally have lower liquidity and higher volatility than major currencies. Lower liquidity means buying or selling the currency at a specific price can be difficult. In contrast, higher volatility means that the exchange rate can fluctuate rapidly and unpredictably, making it harder to predict and manage risks.
Examples of exotic currency pairs include EUR/TRY, GBP/ZAR, and AUD/MXN. While these currency pairs may offer the potential for higher returns due to their higher volatility, they also carry higher risks. It's important to conduct thorough research and analysis before trading in any currency pair, including exotic ones, and to have a solid risk management strategy.
If you want to trade exotic Forex pairs, see how Lightspeed compares with its competitors.
See the best alternative Lightspeed Forex brokers here.
| Broker |
lightspeed
|
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
| Offers Forex Trading |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Number of Forex Pairs |
|
61 |
35 |
50 |
57 |
55 |
70 |
55 |
70 |
150 |
| Offers Major Forex Pairs |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Offers Minor Forex Pairs |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Offers Exotic Forex Pairs |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Lightspeed Alternatives Offering Cryptocurrency Trading
Cryptocurrency trading is done by buying and selling cryptocurrency coins through an online crypto exchange. Cryptocurrency trading can also be conducted through Cryptocurrency CFD trading. You do not own the underlying crypto coin assets with a CFD trade. You are speculating on the price movements with your broker.
Cryptocurrency trading is like Forex trading, where fiat currencies from across the globe are traded 24 hours a day, 7 days a week, as the prices go up and down during the day.
Major cryptocurrencies include Bitcoin, Ethereum, XRP, Tether and Litecoin.
Lightspeed cryptocurrency trading availability is subject to regulations. See the best Lightspeed alternative cryptocurrency brokers here.
Lightspeed Alternatives Offering CFD Trading
What are CFD Brokers?
The full form of CFD is Contract for Differences. In CFD, a broker makes the trader agree on the condition that he will be paying the difference value, that is, the increased or decreased amount accumulated between the opening and closing of the CFD contract.
Why Trade CFD With A Lightspeed Alternative?
CFDs (Contracts for Difference) are financial derivatives available to trade on many Lightspeed alternative brokers that allow traders to speculate on the up or down movements of price only (no real asset transfer or ownership) on a variety of financial instruments directly with Lightspeed or Lightspeed alternative broker.
Here are five reasons why some traders choose to trade CFDs with an Lightspeed alternative:
CFDs (Contracts for Difference) are financial derivatives available to trade on many Lightspeed alternative brokers that allow traders to speculate on the up or down price movements only (no real asset transfer or ownership) on various financial instruments directly with Lightspeed or Lightspeed alternative broker.
Here are five reasons why some traders choose to trade CFDs with an Lightspeed alternative:
- CFD Flexibility: CFDs offer flexibility in terms of trading strategies, allowing traders to use a platform like Lightspeed as or alternative to going long (buy) or short (sell) on the market.
- Leverage: Brokers that offer CFDs like Lightspeed allow traders to use leverage, which means that they can trade with a smaller amount of capital than would be required to trade the underlying asset directly. Leverage can potentially amplify profits, but it also carries higher risks as losses can be magnified.
- CFD Diversification: CFDs allow traders to access various financial instruments and markets from a single platform. CFDs can help to diversify an Lightspeed trader's portfolio and spread their risks across different asset classes.
- CFD Cost-effective: Trading CFDs can be a cost-effective way to access financial markets as there are typically lower fees and commissions than traditional stock trading.
- CFD Access to global markets: CFDs provide traders with access to global markets, allowing them to take advantage of market opportunities in different time zones and regions worldwide.
Lightspeed does offer CFD trading see the best alternative Lightspeed CFD brokers here.
Lightspeed Alternatives Offering Social Trading
Social or copy trading has become hugely popular in the last 3 years. If you want to copy trades of and follow
successful traders on financial markets, a Lightspeed alternative that offers social trading might be for you.
Lightspeed Alternatives Offering ECN
What is an ECN Broker?
ECN stands for Electronic Communication Network. An ECN brokerage provides clients direct access to the buying and selling market orders at attractive prices between market participants, usually on foreign exchange markets.
Why Use ECN?
Forex traders opt for ECN brokers for the following reasons:
- Clients must pay a fixed fee to ECN Brokers on every trade, irrespective of profit or loss.
- ECN brokers offer a 24/7 trading facility for traders.
- Availability of best bid and ask prices amongst participants in the market, thus limiting price manipulation.
- ECN offers a better environment for scalping with high price volatility.
- No room for re-quotes with ECN, which allows traders to perform better while getting a chance to trade with real quotes.
ECN accounts are not offered by Lightspeed (check here for brokers offering ECN accounts).
Lightspeed Alternatives Offering STP
Straight through process shortened to STP are where Forex market orders from clients are sent directly to the financial currency markets. No middle man or broker dealing desks are involved. STP executes Forex trades using automation. STP prices are often lower. We show some Lightspeed alternatives that offer STP below.
Some brokerages offer their platform for trading, while some conduct trading activities through pre-built tools and applications.
The web trading platform is an important brokerage feature. The ease of use and navigation are important factors that make your trading a breeze or a struggle.
When choosing a brokerage, check their web trading platform reviews. Check on how easy or difficult it is to use if it is intuitive enough.
Many Lightspeed alternatives offer multiple apps on different platforms that allow more accessible trading activities. Check out our Lightspeed alternatives below.
Lightspeed Alternative MT4 Brokers
Who are MT4 Brokers?
MT4 is a trading platform by MetaQuotes Software developed and released to offer retail traders a platform to trade Forex, Indices, Cryptocurrencies, Commodities and CFDs on financial markets. 96% of Forex brokerages offer their retail clients the MT4 trading platform.
Why Use MT4?
MT4, a widely used trading platform, can be opted for the following reasons:
- MQL4, the in-built scripting language of MT4, enables its traders to create their own EAs (Expert Advisors).
- The EAs allow participants to use automated or algorithmic trading scripts.
- MT4, with its API (Application Program Interfaces), permits users to create and integrate new functions on the trading MT4 platforms for various tasks.
- With the MT4 Manager API, users can create and work with their manager terminal.
- Data Feed API works in developing news and quoting data feeds.
- Report API allows traders to create trader accounts and custom financial reports.
- Server API allows the user to develop different server plugins with limitless possibilities, including processing trade requests and managing server parameters.
- MT4 has a Webservices API, which is used for arranging user accounts and displaying quotes.
- MT4 offers its traders several technical tools to analyse markets at complex and granular levels. The custom indicators are two thousand in number, and those are free. Whereas there are seven hundred paid indicators.
See Lightspeed Alternative MT4 brokers here.
Lightspeed Alternative MT5 Brokers
What are MT5 Brokers?
MT5 is the updated version of MT4 by MetaQuotes. MT5 offers a wider selection of financial instruments with more advanced trading features. The MT5 trading platform is a lot faster. Through the MT5 platform, MT5 brokerages offer retail traders the bonus of automated trading and copy trading of many financial asset types, including Stocks, Currency markets and Futures.
Why Use MT5?
The following points will clarify why one should opt for MT5:
- Just like MT4, MT5 too supports algorithmic trading and uses its own EAs (Expert Advisors).
- MT5 comes with a DOM (Depth of Market) feature showing the supply and demand of orders in charts.
- The MT5 interface provides additional services, and timeframes benefit active traders.
- , Unlike MT4, which has 9-time frames, MT5 brings 21 timeframes that allow for extensive market analysis.
- MT5 has designed a standard MQL5 ( MetaQuotes Language ) for developing trading robots, technical indicators and utility applications.
- MT5 presents its traders with some technical indicators, which are thirty-eight in number. Next is analytical objects which are forty-four in number. There are twenty-one timeframes and innumerable charts.
See Lightspeed Alternative MT5 brokers here.
Lightspeed Alternative cTrader Brokers
Who are cTrader Brokers?
Electronic Communication Network, popularly known as cTrader, is a Forex trading platform designed and developed by Spotware Systems, a European.
Why Use cTrader With An Lightspeed Alternative?
Here are some unique features of cTrader that make it a popular choice among traders looking for an Lightspeed Alternative offering cTrader:
- STP Platform: cTrader operates as an STP platform, meaning that there is no dealing desk intervention.
- Depth of Market Assessment: cTrader offers three alternatives for investors to calculate and assess the DOM, namely Standard, Price, and VWAP (Volume Weighted Average Price), which helps track market liquidity.
- Algorithmic Trading Tool: cTrader's cAlgo allows traders to program robots that can execute trades, create custom indicators, and perform strategy optimization and backtesting.
- Variety of Indicators: cTrader provides a range of indicators such as Moving Averages, MACD, and Bollinger Bands.
- Flexible Time Intervals: cTrader offers various time intervals, including classic 1/5/15 minutes, 6-minute, 20-minute, and more.
- Different Chart Types: cTrader offers three charts: Multi-Chart, Single Chart, and Free Chart, which allow traders to visualize market trends in different ways.
See Lightspeed cTrader Alternative brokers here.
Lightspeed Alternatives offering Micro Accounts
What are Micro Accounts Brokers?
If a trader wants to start trading in the foreign exchange platform with a small capital, he should get hold of a micro account broker. A micro account broker helps traders to open an account in the world of Forex trading with minimal capital and minimal risk.
Why Use Micro Accounts Brokers?
Micro accounts can opt for the given reasons:
- A newborn trader gains experience in the trading world through a micro account where he doesn't need to invest much at a time, which is also at lower risk.
- The minimum amount that an investor can engage in a micro account is a micro lot.
- A single micro lot equals a thousand lot currency.
- A trader who starts his trading career by investing with a Micro Account as they gain experience can move up to larger account types.
- The minimal capital investment with no-risk factor is the key feature of Micro Account, making Micro Accounts Brokers popular among traders new to this field and wanting to learn more about the Forex market.
Look for Lightspeed alternative micro account brokers here.
Lightspeed Alternatives offering VIP Accounts
If you are an active high volume trader than you will want to check all the Lightspeed alternatives to see if you are getting preferential treatment.
Check your Lightspeed alternative offers you no deposit and no withdrawal fees, Free VPS hosting services, a dedicated account manager and private consultations, exclusive events and services, low spreads, quick execution times and institutional quality liquidity, lower fees and commissions, better trading tools, quick execution times, and a better withdrawal process over standard accounts.
Lightspeed Alternatives Offering Islamic Accounts
Islamic Brokerage accounts refer to brokerages that allow trading per permissible Islamic traditions. Islamic account brokerages permit investment and trading in the Islamic financial market.
Why opt for Islamic Account Brokers
You can look for brokerages that offer Islamic trading if you follow and respect the Islamic tradition. Islamic accounts do not transact in interest accumulation.
If you happen to be against receiving or paying interest, you should check out brokerages that offer the opening of Islamic accounts and operate in the Islamic markets.
Compare the best alternative Lightspeed Islamic trading accounts here.
Lightspeed Alternatives Offering Demo Accounts
There are many advantages to trading on a demo account, even for professional traders. Finding a Lightspeed alternative that offers a decent demo account in the financial instruments you want to trade in will allow you to test out a new trading strategy before risking money on live markets. If the Lightspeed demo account is not your liking, test out the charts, market news and educational resources with a Lightspeed alternative broker demo account.
Lightspeed Spread Betting Account Alternatives
What are Spread Betting Account Brokers?
An Lightspeed alternative spread betting broker understands the market perfectly and directs his clients to bet or invest, targeting an asset's price rise and guiding the client before there is going to be a fall in the money market.
Why Use a Spread Betting Account With A Lightspeed Alternative?
The following points will make it easier to understand if spread betting with Lightspeed or a Lightspeed alternative broker is available.
Spread Betting is a popular way for participants to bet and take risks on the financial market with a Lightspeed alternative.
Spread betting is a form of financial betting where participants speculate on the direction of the market by placing bets on the difference between the buy and sell price of a financial instrument, with profits or losses determined by the accuracy of their prediction.
This type of high-risk betting allows traders to use trading platforms to put forward their desired price for bidding or buying a bet, allowing them to quote their selling price while considering the potential risk of loss. Spread Betting offers a variety of betting options to traders, allowing them to bet on various financial instruments.
An experienced spread betting trading with a Lightspeed alternative broker can bring significant profits to traders but can also lead to substantial losses if the speculation is incorrect. The profitability of spread betting with a Lightspeed alternative depends on the money one is betting and the chosen financial instrument. Therefore, traders must be careful when spreading betting with a Lightspeed alternative.
Compare the best Lightspeed alternative spread betting brokers here.
Lightspeed Alternatives Offering Scalping
What are Scalping Brokers?
A scalping broker follows a trading scheme where he suggests the trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made.
Why opt for Scalping With An Lightspeed Alternative?
A Lightspeed Alternative offering scalping can be useful for some traders for the following reasons:
- Lightspeed alternatives that allow scalping allow traders to make potential quick profits by taking advantage of small price movements in the market.
- Scalping can be a highly profitable trading strategy for some, and Lightspeed alternative brokers that permit scalping can help traders maximize their potential earnings.
- Traders who use a Lightspeed alternative broker that allows scalping have the freedom to open and close trades quickly, which can lead to increased flexibility and better risk management.
- Scalping can be a highly effective way for traders to achieve consistent profits over time. An Lightspeed alternative broker that permits this strategy can help facilitate this.
- Using a Lightspeed alternative that allows scalping can provide traders access to a wide range of financial instruments, diversifying their portfolio and potentially increasing their overall profitability.
Compare Lightspeed alternative brokers offering scalping trading here.
Lightspeed Alternatives Offering Hedging
What are Hedging Brokers?
Lightspeed alternative brokers that support hedging can be useful because they allow traders to open multiple positions on the same financial instrument, both long and short, which can help to offset potential losses and reduce risk.
A hedging strategy with a Lightspeed alternative can be especially beneficial in volatile markets, allowing traders to protect their investments while taking advantage of potential profit opportunities.
Additionally, hedging can help traders to diversify their portfolios and potentially achieve more stable returns over time. Overall, Lightspeed alternative brokers that support hedging provide traders with increased flexibility and risk management capabilities, which can help to improve their overall trading performance.
Why Use Hedging with a Lightspeed Alternative?
The reasons to use hedging with a Lightspeed alternative brokerage are:
- Hedging can help traders to manage risk by offsetting potential losses with gains from opposite positions.
- By using a hedging strategy, traders can protect their investments in volatile markets, potentially minimizing losses and preserving capital.
- Hedging can diversify a trader's portfolio, reducing the overall risk of the investment portfolio.
- Using hedging strategies can provide traders with increased flexibility in their trading decisions, allowing them to react to market changes while protecting their investments.
- Some traders use hedging as a way to lock in profits while still maintaining exposure to the market.
- Hedging can be used to reduce the potential impact of unexpected events or market movements, which can help increase the stability of a trader's investment returns.
See how Lightspeed compares with other brokers offering hedging below.
Lightspeed Negative Balance Protection Broker Alternatives
What are Negative Balance Protection Brokers?
Investment on global markets is always unpredictable. In this field, there is a high per cent chance that a trader to either gain a huge profit or lose the deposit money. A loss is always heart-breaking, but with Negative Balance Protection, one gets the assurance of at least not losing more than then they have deposited.
Why Negative Balance Protection is Useful With A Lightspeed Alternative?
Negative Balance Protection is essential for traders considering Lightspeed alternatives for the following reasons:
- Negative balance protection with a Lightspeed alternative can prevent traders from losing more money than they have deposited in their trading accounts.
- Using negative balance protection with a Lightspeed alternative can increase traders' confidence in their trading decisions, knowing that they will not be held responsible for losses exceeding their account balance.
- With negative balance protection with some Lightspeed alternatives, traders do not have to worry about receiving margin calls or depositing additional funds to cover losses.
- This type of protection can help to reduce the overall risk of trading with Lightspeed alternatives, making it a safer and more attractive option for traders.
- Negative balance protection with Lightspeed alternatives can also help to protect traders from unexpected market events or sudden changes in market conditions.
- Using negative balance protection with a better Lightspeed alternative can give traders peace of mind and allow them to focus on making profitable trades rather than worrying about potential losses.
Check your Lightspeed alternative offers negative balance protection to you, which is a regulatory requirement in some regions. Compare negative balance protection offered by Lightspeed alternatives here.
Lightspeed Alternatives Offering Guaranteed Stop Loss
A fully guaranteed stop-based loss arrangement (GSLO) is used to help mitigate risk on some financial products.
GSLO works like a stop loss, except your trade is guaranteed to close at the asset price you set, regardless of market volatility.
A fully guaranteed Stop loss ensures that you close your transaction at the precise cause Value you place.
Stop loss risk management is useful if you need additional assurance. Your trade will complete at the price you specify.
You can see how Lightspeed compares to some Lightspeed alternatives when offering guaranteed to stop loss to traders below.
Lightspeed Alternatives Offering Limit Orders
A limit order is an instruction to perform a transaction at a level better than the current price on the financial markets.
Limit orders can be entry orders or closing orders. Entry limit orders are on new trade, and closing limit orders exit a trade.
Limit orders permit you to define the minimum market price you will sell your position or the highest at which you will buy your financial asset.
Setting price limits with limit orders allows traders to reduce financial loss.
You can see how Lightspeed compares to some Lightspeed alternatives when offering limit orders below.
Lightspeed Alternatives Offering Trailing Stops
A trailing stop order is a risk management trading feature. It is a type of stop loss that monitors your price position in the market. If the financial markets take an upturn, the trailing stop will increase the stop loss amount to that of the set trailing amount. If the market takes a downward sentiment, the trailing stop order stays in place, and your exposure to the market is sold at your trailing stop order amount.
A trailing stop order helps you to profit and mitigate against risk when trading the financial markets.
You can see how Lightspeed compares to some Lightspeed alternatives when offering Trailing Stops below.
Lightspeed Alternatives Offering Price Alerts
Trading price alerts and alarms are automatic, free customisable notifications you can set to receive on your trading platform.
You will be sent notifications when your set limits are triggered.
Financial market price alerts allow you to keep on top of volatile financial markets and give you an extra chance to react to market events quickly.
Trading platform price alerts make it possible to get on with your daily life while tracking market prices. Trading price alerts help to reduce your risk.
You can see how Lightspeed compares to some Lightspeed alternatives when offering price alerts below.
Lightspeed Alternatives with more Depositing and Withdrawal Options
When we searched for an alternative to Lightspeed, we realized that having various deposit and withdrawal options is crucial when choosing a brokerage. It's encouraging to see that many alternative brokerages to Lightspeed are becoming global, which means they can offer a range of local and global payment methods to cater to traders from different countries.
Multiple local deposit and withdrawal methods are especially important with the Lightspeed alternatives you shortlist, as many traders prefer a payment method available in your country. Having easy-to-access trading account funding and withdrawal options with your Lightspeed alternatives would make managing finances much easier and save you from unnecessary transaction fees.
Several payment options allow traders to choose a payment method that best suits their needs. For instance, If you value processing speed over transaction fees, and having more payment options means you can pick a payment method available with a Lightspeed alternative brokerage that aligns with your financial goals and preferences more than Lightspeed.
Lightspeed Regulation Alternatives
Lightspeed Alternatives with Financial Conduct Authority (FCA) Regulation
FCA is one of the prime financial regulatory bodies in the UK. Being regulated by the FCA would mean that the brokerage is regulated by the most important financial trading regulatory body in the United Kingdom.
If you are looking to conduct trading in the UK with a Lightspeed alternative selecting a brokerage that is FCA approved and regulated is a must.
Lightspeed Alternatives Cyprus Securities and Exchange Commission (CySEC) Regulation
Cyprus Securities and Exchange Commission, popularly known as CySec, is the regulatory authority overseeing the financial industry in Cyprus. CySec is a prominent financial regulator in the European Union, and obtaining a license from it is crucial for brokerages to operate in European Union countries.
A CySec license allows brokerages to operate and offer their services in the European Union countries, thus making it a crucial certification for those looking to trade financial products in the European markets. Therefore, it is advisable for those who plan to trade in financial products available in the European markets or are based in the EU to look for Lightspeed alternative brokerages affiliated with CySec.
Compare CySec regulation with Lightspeed and alternative brokers here.
Lightspeed Alternatives with Financial Instruments Directive (MiFID) Regulation
MiFID is a regulatory body that, like CySec, operates for the countries under European Union.
When selecting a brokerage, if it is affiliated with more than one regulatory body, it would mean that it answers to the authority of all those regulatory authorities.
A brokerage with a good number of European regulatory authorities means that it is safe. One of the prime focuses of MiFID regulatory authorities with Lightspeed and other brokers is to ensure retail trader protection in MiFID regulated regions.
Lightspeed Alternatives with Australian Securities and Investments Commission (ASIC) Regulation
The Australian Securities and Investments Commission is the prime regulatory authority for Australia. When looking for global brokerages, check if they have an ASIC regulation. Having that would mean that you have some level of regulation and protection when trading on the Australian investment market.
If you are trading from Australia with an Lightspeed alternative, you must check if your brokerage is listed and approved under ASIC.
See how Lightspeed compares against other brokers for ASIC financial regulation.
Lightspeed Alternatives with FSCA Financial Sector Conduct Authority Regulation
The FSCA oversees the South African Financial Markets if you want a Lightspeed alternative that is safe to trade with in south Africa, check the Lightspeed alternative broker is regulated with the Financial Sector Conduct Authority of South Africa before depositing any money.
Lightspeed Alternatives with Dubai Financial Services Authority (DFSA) Regulation
Dubai Financial Services Authority (DFSA) is a regulatory body that operates in Dubai and the United Arab Emirates (UAE). DFSA regulates financial services within Dubai International Financial Centre (DIFC), an economic zone developed to establish a world-class financial hub in the UAE.
The DFSA ensures that financial institutions operating in DIFC follow the regulations and guidelines established to maintain transparency, integrity, and stability in the financial market. As a result, DFSA's regulations and guidelines promote investor confidence and help create a fair and competitive business environment within the UAE's financial industry.
The DFSA is a crucial regulatory body that plays a vital role in ensuring the financial industry's stability and growth within Dubai and the UAE. Its regulatory oversight within DIFC has helped establish the UAE as a world-class financial hub, attracting businesses, investors, and professionals from across the globe.
If you want to foray into the Middle Eastern markets, ensure your Lightspeed alternative brokerage is affiliated with DFSA.
Lightspeed Alternatives with MAS Monetary Authority of Singapore Regulation
The Monetary Authority of Singapore is Singapore's leading financial authority and central bank. If you are considering trading in Singapore with a Lightspeed alternative, then they will need to be regulated by MAS.
Lightspeed Alternatives that support Microsoft Windows
As per Statista, 74 per cent of the world uses Microsoft Windows as their operating system. Microsoft Windows is undoubtedly the world leader when it comes to operating systems.
Almost all websites that are built for the internet are made to be compatible with the latest versions of the Windows OS.
Why Use Microsoft Windows Brokers
When choosing a Lightspeed alternative brokerage, check if it is compatible with your Windows OS. Running an old version of Windows might create problems in loading up your broker site.
For your windows trading platform to function at its best, ensure your Windows operating system has the latest updates installed.
Some brokers even allow a Windows PC application. A Windows PC application will mean you can access your brokerage account with a click or even open it when you boot up your Windows PC.
See how Lightspeed compares against other brokers that offer a Microsoft Windows pc application.
Lightspeed Alternatives that support Apple Macs
Giving Windows Microsoft tough competition is the Apple MAC operating system. Used by more than 100 million people worldwide, Apple is becoming the choice of millions of people due to its enhanced security.
Why Use Apple MAC Brokers
If you have a MAC OS, check if your Lightspeed alternative brokerage firm is also available on the MAC platform. If your brokerage firm is available as an apple application, it becomes easier for you to access your brokerage.
Easier access to your brokerage account will help closely monitor your trading and investment activities.
Compare Lightspeed against other brokers that offer a bespoke downloadable trading application for the Apple Mac platform, though the Lightspeed platforms are available from any device with an internet connection without the need for downloading. Check for Lightspeed alternative brokers that offer trading platforms that can be used on a Windows computer, an Apple Mac, or a mobile phone. See Lightspeed alternative brokers for Apple Mac OS users here.
Lightspeed Alternatives that offer Mobile Trading Apps
Maybe Lightspeed doesn’t offer a mobile experience you are happy with or match your needs. There are several Lightspeed alternatives that offer great mobile trading applications for both Android and iOS.
All big names in the brokerage market have started offering mobile phone applications to attract more customers from the millennial population. Your mobile brokerage app lets you check trading activities on the go.
If you are into the day trading or in the habit of regularly monitoring your investment activities, you must opt for a brokerage that has a mobile phone application.
It saves time and makes trading activities a lot easier and more accessible. You only need the internet and a smartphone to check your profits (or losses) when you have your brokerage application on your phone.
Lets see how Lightspeed mobile trading apps compare to some of the best Lightspeed alternative Android and IOS mobile trading apps below.
Lightspeed Alternatives that offer similar or more Educational Resources
We list some Lightspeed alternatives and the educational resources they offer so you see how they compare with Lightspeed.
| Broker |
lightspeed
|
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
| Live Chat |
Blog Articles, Webinars, Education Overview, Options Trader Academy |
Webinars, Podcasts, Video Tutorials, Help Centre Articles, Blogs |
Market Analysis Reports, Videos, Blog Articles, Webinars |
eToro Academy, Videos, Blog Articles, Webinars, Podcasts, Market Analysis Reports |
Knowledge Base, Videos, Blog Articles, Webinars, Market Analysis Reports provided by XTB analysts |
Podcasts, Live Trading Education, Educational Videos, Webinars, Video Tutorials |
Videos, Blog Articles, Webinars, Market Analysis Reports by The Daily Fix |
Ava Academy Free online trading courses, Videos, Blog Articles, Webinars hosted by AvaTrade Experts, Daily and Weekly Market Analyst Reports |
FP Market Academy, Courses, ebooks, Blog Articles, Webinars from industry experts, Market Analyst reports every day |
Trading Course, easyMarkets AI, Free eBooks |
Lightspeed Alternatives that offer Live Chat
All Lightspeed alternatives will offer phone and email support if they don't stop trading with them.
On the other hand, live chat hasn't been integrated into the customer support services of all brokers. Live chat lets you get an answer straight away. Let's see how Lightspeed compares with other brokers regarding live chat and support.
| Broker |
lightspeed
|
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
EasyMarkets
|
| Live Chat |
Yes |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Email |
info@lightspeedhq.com
|
support@icmarkets.com
|
info@robofx.com
|
support@etoro.com
|
ukservice@xtb.co.uk
|
support@xm.com
|
support@pepperstone.com
|
customer@avatrade.com
|
clientservices@fpmarkets.com.au
|
cs@easy-forex.com
|
| Phone |
866-932-1801 |
No |
357 25 262660 |
No |
44 2036953085 |
357 25029933 |
61 3 9020 0155 |
(44) (0) 8005200423 |
61 (0)2 8252 6800 |
357 25 828 899 |
