Lightspeed Review 2020

Lightspeed Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

Lightspeed Guide

Lightspeed are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, and Share Dealing trading.

Lightspeed are a global broker and have a head office in United States.

Lightspeed have a listed stock symbol. This means that Lightspeed have publically listed and you can officially buy shares in Lightspeed on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Lightspeed we break down the pros and cons. What Lightspeed are able to offer, what countries Lightspeed are available in. Who Lightspeed are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Lightspeed

Open Lightspeed's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Lightspeed

With this review we hope to help you see if Lightspeed is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Lightspeed that will help you get off to a good start in the world of online trading.

Lightspeed Review Table of Contents

Lightspeed what you should know

Lightspeed offer three ways to trade: Forex trading, CFD trading, Share Dealing.

With Lightspeed you will need a minimum deposit of $10000. You can sign up for a demo account to acquaint yourself with Lightspeed platform.

Lightspeed are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Lightspeed safe?

When choosing a broker like Lightspeed the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Lightspeed have a head office in United States.

Lightspeed is regulated. This means Lightspeed are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Lightspeed, this will be honored. If Lightspeed violate any regulatory rules their regulated status could be stripped.

Any payments funded to Lightspeed accounts by traders are held in a segregated bank account.

For added security Lightspeed use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Lightspeed. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Lightspeed

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker lightspeed eToro XTB Trading212
Year Established 2008 2006 2002 2006
Head Office United States Cyprus, UK Poland UK
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Lightspeed Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Lightspeed Pros and Cons

What we like about Lightspeed

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $10000

What we don't like about Lightspeed

Lightspeed Financial Regulation and Supervision in more detail

Lightspeed are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Lightspeed that are not regulated yet appear to be legitimate.

Lightspeed maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Lightspeed you are not guarenteed help in a difficult situation.

  • Unregulated

Lightspeed General Fees

  • Lightspeed withdrawal fees varies on payment method
  • Lightspeed does charge inactivity fees
  • Lightspeed does charge deposit fees
Broker lightspeed eToro XTB Trading212
Min Deposit 10000 200 0 1
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

Lightspeed Commissions

  • Lightspeed does charge commission on CFD instruments.

What can you trade with Lightspeed?

You can trade a wide variety of instruments with Lightspeed over 159 instruments infact.

If you are looking at trading currency pairs Lightspeed offer over currency pairs.

Compare Lightspeed with eToro and XTB below.

Your capital is at risk

Broker lightspeed eToro XTB Trading212
Instruments Available 159 100 1,500 3000
Platforms IRESSTrader,IRESSInvestor,netIRESS,XPLAN Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Lightspeed Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs No Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Lightspeed Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit Lightspeed Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Lightspeed web platforms and other applications

Lightspeed offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Lightspeed also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See lightspeed's platforms

Lightspeed Trading benefits :

Lightspeed Trading Accounts Offered :

  • Demo account
  • Standard account

Can I try Lightspeed before I buy?

Lightspeed offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Lightspeed withdrawl and funding methods.

Lightspeed offer the below funding payment methods. learn more about Lightspeed

  • Credit cards
  • Bank Transfer
  • PayPal
  • American Express
Broker lightspeed eToro XTB Trading212
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes No

How can I start trading with Lightspeed?

When opening a trading account with Lightspeed, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Lightspeed trading platforms here.

Performing trades with Lightspeed

Lightspeed allow you to execute a minimum of trade of $4.50. This may vary depending on the account you open. Lightspeed allow you to execute a maxium trade of varies.

As a market maker, Lightspeed may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Lightspeed Leverage and Lightspeed CFDs Explained

let's take a look at some of the basics of using Lightspeed leverage.

Lightspeed offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Lightspeed leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Lightspeed trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Lightspeed leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Lightspeed CFDs are typically used for short to medium term trades. For example Lightspeed intraday trading.

Education resources at Lightspeed

To trade effectively with Lightspeed, it's important to get a have a good understanding of the Lightspeed trading tools and the markets.

Lightspeed offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Lightspeed.

Take time to look around the Lightspeed platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Lightspeed

Lightspeed support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Lightspeed have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Lightspeed less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Lightspeed

We tested the Lightspeed live chat and it works well. We sent messages to Lightspeed livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Lightspeed support in multiple languages in multiple countries. Lightspeed where able to resolve our customer issues.

Email Support at Lightspeed

We sent several emails to Lightspeed and answer times overall were excellent. The fastest response from Lightspeed was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Lightspeed, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Lightspeed.

Phone Support at Lightspeed

We called Lightspeed and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Lightspeed phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Lightspeed team by calling in varying languages. Lightspeed made an effort to make sure our queries were answered.

Overall the phone support from Lightspeed was okay.

See how Lightspeed Support Compares Against Other Brokers

Broker lightspeed eToro XTB Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit Lightspeed Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Lightspeed

As Lightspeed is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Lightspeed's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Lightspeed you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.lightspeed.com/ on 12th August 2018.

Is Lightspeed A Good Broker?

We spent over 3 months examining Lightspeed in depth. Although we found some very useful aspects of the Lightspeed platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Lightspeed broker.

  • Lightspeed have a good track record of offering Forex trading, CFD trading, Share Dealing.
  • Lightspeed has a history of over 12 years.
  • Lightspeed has a reasonable sized customer support of at least 10.
  • Lightspeed are regulated by Unregulated. This means Lightspeed fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Lightspeed have regulation from a Tier 1 reputable country.
  • Lightspeed has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Lightspeed have an international presence in multiple countries. This includes local Lightspeed seminars and training.
  • Lightspeed are able to hire people from various locations in the world who can better communicate in your local language.

Lightspeed Risk Disclaimer

Your capital is at risk

Lightspeed not quite right?

Check out these Lightspeed Alternatives

We have spent years researching the best alternatives to Lightspeed. Click the links below to learn more.

If you feel some of the above Lightspeed are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Lightspeed alternatives below.

Related Lightspeed Comparisons

If you would like to see how Lightspeed stands up against other brokers you can read some of our Lightspeed comparisons below. We compare side by side some of our top rated Lightspeed versus comparisons. Read some indepth Lightspeed VS pages below.

LIGHTSPEED Frequently Asked Questions

Can I try Lightspeed before I buy?

Lightspeed offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Lightspeed accept?

Lightspeed offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, American Express, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Lightspeed safe?

While Lightspeed may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Lightspeed accounts by traders are held in a segregated bank account. For added security Lightspeed use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Lightspeed trading good?

While Lightspeed may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.Lightspeed is used by over Lightspeed active traders. Lightspeed offers Forex trading trading, CFD trading trading, and Share Dealing trading. Minimum deposit with Lightspeed is mindeposit.

Is Lightspeed trading Legit?

Lightspeed was founded in United States in 2008. Lightspeed has been facilitating trade on the financial markets for over 12 years. Lightspeed offers clients Forex trading trading, CFD trading trading, and Share Dealing trading. All funds deposited to Lightspeed are held in segregated tier 1 bank accounts for security. Lightspeed is not regulated. Although this doesnt mean Lightspeed are awful, we recommend trading with regulated brokers.

Is Lightspeed a good broker?

Lightspeed is not regulated by a top tier financial regulator. While many traders may still find trading with Lightspeed useful, we recommend only trading with a broker that has regulation.Lightspeed allows Forex trading trading, CFD trading trading, and Share Dealing trading.

Is Lightspeed trustworthy broker?

While having many plus points because Lightspeed is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Lightspeed?

The minimum deposit to trade with Lightspeed is 10000.

How long do Lightspeed withdrawals take?

Withdrawing money from Lightspeed processing time varies but averages 2-5 days.

Is Lightspeed regulated?

Lightspeed is not regulated by a top tier financial regulator.

Is Lightspeed a market maker?

Lightspeed is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Lightspeed?

When opening a trading account with Lightspeed, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Lightspeed trading platforms here.

Is my money safe with Lightspeed?

Lightspeed is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Lightspeed is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Lightspeed, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Lightspeed a con?

While we would noy say that Lightspeed is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Lightspeed?

Although traders have had great success with Lightspeed. Trading on the financial markets with Lightspeed is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Lightspeed have fees?

Lightspeed withdrawal fees varies on payment method. Lightspeed does charge inactivity fees. Lightspeed does charge deposit fees.

When was Lightspeed founded?

Lightspeed was founded in 2008.

How many people use Lightspeed?

Lightspeed is used by over 10000 registered traders.

What is Lightspeed Headquarters country?

Lightspeed has its head quarters office in United States.

Does Lightspeed offer negative balance protection?

Lightspeed does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Lightspeed offer guaranteed stop loss?

Lightspeed does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Lightspeed allow scalping?

Lightspeed does not offer scalping.

Does Lightspeed allow hedging?

Lightspeed does not offer hedging.

Does Lightspeed offer CFD trading?

Lightspeed offers CFD trading.

Does Lightspeed offer STP?

Lightspeed does not offer STP trading.

How many people use Lightspeed?

Lightspeed is used by over 10000 traders.

Is Lightspeed an ECN broker?

Lightspeed does not offer ECN trading.

Does Lightspeed offer a demo account?

Lightspeed offers a demo account.

Does Lightspeed offer an Islamic account?

Lightspeed does not offer Islamic accounts.

What are the funding methods for Lightspeed?

Lightspeed accept the following funding methods : Credit cards, PayPal, American Express, Bank Transfer.

Lightspeed review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Lightspeed brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Lightspeed review written by Mark Hansen of Comparebrokers.co