We have a variety of account types to suit the needs of active traders.
Standard accounts support Cash, Cash and Margin, Cash and Options, Margin, Margin and Option
An account with only one owner.
An account with two or more owners. Supported types; Joint Community Property, Joint Tenants in Common and Joint with Rights of Survivorship.
Traditional IRA, Roth IRA, and SEP IRA
A corporate account, also known as a business account, refers to a bank account that a business uses to hold its money.
A trust account is an account whereby the account owner (trustee) manages the account for one or more beneficiaries (trustees).
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for their debts or liabilities.
According to Regulation T, you may borrow up to 50% of the purchase price of securities that can be purchased on margin. This is known as the initial margin.
SEC-approved portfolio margining rules, allow margin requirements to reflect the actual risk of the entire portfolio more accurately in a specific brokerage account. This means that qualified customers may increase their leverage beyond the 4 to 1 intraday or 2 to 1 overnight margin available in a standard margin account.
Many people are attracted to the investing world by margin or borrowing money from a broker.But when it comes to Wall Street, there’s no such thing as a free lunch.
One of the first important decisions that investors must make when moving to an online broker is which type of trading account they need to open.
The definitions for a Non-Professional and Professional trader are defined by the NYSE and most other US exchanges. It's important that you understand the differences and how they can impact you.
A registered nor qualified natural person in any capacity with the SEC, the CFTC, any state securities agency, any securities exchange or association or any commodities or futures contract market or association and, engaged as an "investment advisor," as that term is defined in Section 202 (a) (11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act); and employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him/her to be so registered or qualified if he/she were to perform such functions for an organization
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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.