Opening an account is easy. Let's get started.
I plan to trade
Stock & Options
Futures
I reside in
US
Outside of the US
What you'll need to open an account:
Individuals
Income and tax residency information
Personal contact information
Information on trading experience and trading objectives
Bank account information
Institutions
Tax and contact information of the organization
Personal and contact information of the Authorized Persona(s) of the account
Documents providing existence of your organization
Bank account information
Our friendly team is always here to chat.
Some of our most frequently asked questions. For more information, please, visit support.
There is no fee to open an account with Lightspeed. Maintenance fees include the following:
· Lightspeed Trader software fee is your total monthly commission charges subtracted from $130. For example, if you incur $100 in commissions for a given month, your total software fee for that month will be $30 ($130 - $100 commissions = $30).
· Market data is $13 for stocks and an additional $10 for options. Pricing for additional data can be found here.
· If your account balance is below $15,000 and you do not incur at least $25 in monthly commissions then you will be charged a $25 monthly minimum inactivity fee.
· All maintenance fees will be charged during the first business week of the month and will be based on commissions generated the previous month.
ACH transfers initiated through your bank will be rejected. Lightspeed requires ACH relationships as well as ACH transfers to be initiated through the customer portal.
If you do not know your login information, please contact a representative for assistance.
Bank Name: U.S. Bank
Bank Address:
80 S 8th Street, Minneapolis, MN 55402 or,
Portland, OR
ABA/Routing #: 123000848
Beneficiary: Wedbush Securities, Inc.
Beneficiary Address:
1000 Wilshire Blvd, Los Angeles, CA 90017
Beneficiary Account: 153910900825
For Further Credit to (FFC):
Your name and account number*
For cash account types, add a "1" to the end of your account number.
For margin account types, add a "2" to the end of your account number.
Bank Name: The Bank of New York Mellon
Bank Address:
225 Liberty Street, New York, NY 10286
Secondary Bank Address:
240 Greenwich St, New York, NY 10007
SWIFT Code: IRVTUS3N
Beneficiary Address:
1000 Wilshire Blvd, Los Angeles, CA 90017
Beneficiary Account: 8540900001
For cash account types, add a "1" to the end of your account number.
For margin account types, add a "2" to the end of your account number.
Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). Lightspeed Financial Services Group LLC’s SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.