Please include a copy of the most recent statement for the account being transferred. The broker has partnered with some of the most well-known technology providers in the industry to ensure you have access to the right tools to help you succeed. Please contact the representative who helped you open the account for the correct instructions.Īccount Transfer: Please fill out the Account Transfer Form (ACAT) and return to Cobra Trading along with your account application. #224, Minneapolis, MN 55402īeneficiary: Wedbush Securities Inc/SunGardįurther Credit to the Account of_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Please remember to include the check with your account paperwork when mailing everything to Cobra Trading.īy Wire: Please provide your bank with the following wiring instructions:īank Address: 80 S 8th St. As an owner or manager, the sales history view allows you to. A Few Considerations When Using the Lightspeed Trader Demo: Upon system shut down, any positions or orders are cleared out of the demo system. Accessible to all employee roles, it simplifies the everyday sales responsibilities of owners, managers and associates with its filters, viewable details and helpful links to other areas of Retail POS. If opening a new account, Cobra Trading will add the account number to your check. The sales history view provides a 30-day history of all your sales in one place. If you have been issued an account number please include it on the memo line of the check. So if it gaps open below the stop, youre screwed. For example, a stock has to trade through a stop to activate it. Where as I have no experience of IB, I cant recommend lightspeed. Option pricing assumes customer priority status.Ĭommission structure does not apply to Sterling Vol Trader customers, click here for Sterling Vol Trader pricing.You may fund your Cobra Trading account by check, wire, or account transfer.īy Check: Please make check payable to “ Wedbush Securities”. Although a futures trader, I did have a lightspeed account a while back for some stocks/etfs for longer term stuff/investments when the vix was > 25. All stock/ETF pricing listed on this page applies to listed equities only. Press Release We Support a Centralized Data Broker Opt Out World Privacy Forum. All rates are subject to ongoing review and may be increased if the client fails to meet the trade/share thresholds listed above. Rebates will not be issued for past activity. Like tiddlywins said, dont forget the 2k application fee. Depending in what you trade the IOM lease might make more sense, especially if your focus is index futures. The trading technology of Lightspeed is also exceptional. CALLumbus said: 2500 is per month, so it will be about 15k for 6 months. You must contact us to request any rate changes. 10,000 (web) 25,000 (software) Max 4.50/stock trade 0.65/options contract. All routing fees/rebates and regulatory fees are charged separately.Īctive Trader Commissions: Active Trader rates are not automatically applied to any account and do not automatically adjust based on monthly volume. Per-share equities pricing is not available on Lightspeed Web & Mobile. Lightspeed’s headline rate on options commissions, at 0.60 per contract (with a 1 minimum), is in line with that of TradeStation and a bit better than the industry standard of 0.65 from the. ![]() ![]() Lightspeed Web & Mobile - minimum commission of $4.50 will be applied to any options order. ![]() Eze EMS (formerly RealTick) - minimum commission of $3.00 will be applied to any order. Lightspeed Trader and Sterling Trader Pro - a minimum commission charge will be applied to any order of $0.50 on any discounted per share commissions. Requirements.Commissions: Accounts under $15,000 will be subject to a $25 monthly minimum commission fee, minus any actual commissions charged in the prior month. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies.
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