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Speedtrader vs. Lightspeed (For Daytraders)


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Speedtrader vs. Lightspeed (For Daytraders)

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  #1 (permalink)
Newport Beach,CA,USA
 
Experience: Advanced
Platform: TOS
Broker: TD
Trading: Daytrader
 
Posts: 10 since Aug 2011
Thanks: 9 given, 1 received

Hi All,
I have been with TD (TOS) for a few years and am at a point where I need to have a faster broker that is more geared towards day trading. I don't mind paying a little bit of commission and I can do about a 1000 trades per year.
The 2 brokers that stand out are Speedtrader and Lightspeed, and there is plenty of good information about their platforms and such, but I don't see much info on the companies themselves..

Comparing these to TD or Schwab which are multi billion dollar companies, how secure are Lightspeed or Speedtrader as far as parking a relatively large sum of money with them? Are they publicly held or private? Has anyone had a problem withdrawing their funds from either?
How is their customer service?

I see that Speedtrader has been in business since 1999 and Lightspeed since 2006. So they have been around for a while but certainly not as long as TD or Schwab. Is there extra measures you guys suggest one takes to insure their account when doing business with smaller companies?

Thanks so much,

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  #2 (permalink)
Chicago IL USA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: ES,NQ, CL
 
barabas's Avatar
 
Posts: 106 since Feb 2019
Thanks: 101 given, 169 received

Have not used either of them but I have been using Tradestation for 3 years now. Very happy with there services.

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  #3 (permalink)
Newport Beach,CA,USA
 
Experience: Advanced
Platform: TOS
Broker: TD
Trading: Daytrader
 
Posts: 10 since Aug 2011
Thanks: 9 given, 1 received



barabas View Post
Have not used either of them but I have been using Tradestation for 3 years now. Very happy with there services.

Does tradestation offer Direct Market Access?

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  #4 (permalink)
Chicago IL USA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: ES,NQ, CL
 
barabas's Avatar
 
Posts: 106 since Feb 2019
Thanks: 101 given, 169 received


mashtee2003 View Post
Does tradestation offer Direct Market Access?

no

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Last Updated on May 24, 2020


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