![]() ![]() RealTick Pro offers streaming news and fundamental research. Market scanners are available on LS Trader, Sterling, and Livevol X. Lightspeed provides research on all its platforms. A feature called BookTrader displays time and sales data for a stock. On Trader Workstation, we found a stock scanner with the ability to search on European and Asian exchanges. It’s possible to research securities at either firm. The broker’s initial and maintenance margin requirements are the same as Lightspeed’s. Interactive Brokers clients pay a very low 6.83% on debit balances under $25,000. The broker’s initial margin requirement for long stock positions is 50%, while maintenance is a lower 25%. Lightspeed currently charges 12.5% for marginĭebits below $50,000. ![]() Interactive Brokers customers have access to the same sessions. Lightspeed’s pre-market session lasts from 4 am until 8 am, while the after-hours period is from 4 pm until 8 pm. In addition to regular weekday trading, both broker-dealers in our survey offer extended-hours trading. Clicking on a bid or ask price adds a leg to an order ticket at the bottom of the window. Turning on “Strategy Builder” within the options window produces several multi-leg strategies. Trader Workstation has option chains with calls and puts. Livevol X is designed for derivative trading and comes with option market scanners and analysis tools. Options can be traded on every single platform Lightspeed offers, although the browser and mobile systems don’t offer Level II quotes on them. Moreover, Interactive Brokers provides access to a very large range of global securities, which Lightspeed does not do. Lightspeed offers options, ETF’s, and futures, but fails to deliver mutual funds, bonds, or contracts for difference. Also on tap are options, bonds, ETF’s, futures, forex, contracts for difference, and even mutual funds. Interactive Brokers offers a lot more than just stocks. On the simpler Market Depth, they are in shades of gray. The latter has more tools, and the prices from the various market centers are color-coded. Trader Workstation delivers Level II data in one of two windows: Market Depth and Market Depth Trader. The exceptions are the mobile and browser systems. Almost every platform at Lightspeed offers Light II information. We liked the inclusion of profit & loss information.īecause both companies in our survey specialize in active trading for experienced investors, they of course offer Level II data (they do charge for this). There is a watchlist and iBot, which is an AI helper. Another nice feature is the ability to change the graph style. The IB mobile platform delivers pretty good charting with roughly fifty technical studies. We also found charting and Level I quotes. The mobile app at Lightspeed comes with advanced order types (such as trailing stop) and watch lists. The other three programs at Lightspeed do carry monthly charges, but two of them (RealTick Pro and LS Trader) are eligible for software fee rebates.Įach broker offers a mobile platform, and there is no charge for either one. Trader Workstation, Livevol X, and the Lightspeed browser platform all carry zero fees. The trading ticket incorporates many different types of orders and time-in-force options. We also liked the sophistication of the software’s charting application. The thickness of candlesticks can be changed, for instance. Trader Workstation provides a great deal of customization. Software provides access to global securities (which Lightspeed fails to do). Platform is actually quite sophisticated. Although this may sound like a huge underperformance on the part of IB, the Transitioning to Interactive Brokers, we get just one software program. These include Wex, SILEXX OEMS, Derivix, and CQG. Finally, we arrive at RealTick Pro, which is the only platform at Lightspeed capable of trading futures.īesides these mainstay platforms, specialty programs can also be used at Lightspeed Trading. It comes with API access and many other advanced features, such as direct-access routing. Sterling Trader Pro is also available at Lightspeed. LS Trader also is customizable and has up to 40 screens of custom layouts. It offers hot key order entry and customizable order routes (neither of which the other programs have). This one comes with basket order entry and advanced window linking. Up next in order of sophistication is Livevol X. It offers watchlists, order entry, and charting with Lightspeed offers several trading platforms that provide a variety of investment tools. Interactive Brokers: Use this referral link to get up to $1,000 of IBKR stock for free!ġ2 FREE stocks valued $36-$36,000 when you deposit $100 at Webull. ![]()
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