3 Best Brokerage Firms for Investors Today

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3 Best Brokerage Firms for Investors Today

Best Brokers For Active Investors: Lightspeed

Cheapest trades, great execution, and no frills

 3 Best Brokerage Firms for Investors Today
  • Extremely low commissions with direct market access
  • Commission Per Trade: $0.0045 per share ($1 minimum per trade)
  • Account Minimum: $10,000
  • Promotion: 30 days of unlimited free options trading when you fund an account
  • Sign up for Lightspeed

Active traders want extremely low commissions, and Lightspeed provides that with ETF and stock commissions at $0.0045 per share and a $1 minimum per trade. Other deep-discount brokers like Interactive Brokers also have very low costs, but Lightspeed edges them out through better customer service. Lightspeed provides direct access to ECNs and exchanges, which is important for active traders. Lightspeed also has a robust trading analytics platform, but it is very complex and has a very steep learning curve to master. Overall, Lightspeed is a great option for day traders and professional investors who need cheap executions, but if you only trade occasionally or use a buy-and-hold strategy, consider the other options above.

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Article printed from InvestorPlace Media, http://investorplace.com/2013/12/best-brokerage-firms-amtd-lightspeed-tradeking/.

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