Terms and Conditions

Refer a Friend




1. These terms and conditions (“Rules”) apply to the Refer a Friend promotion (“Promotion”). By participating in the Promotion, you agree to be bound by these Rules.

 

2. This Promotion is offered by Lightspeed Financial Services Group, LLC (Lightspeed).

 

3. To qualify for the Promotion, the person making the referral (“you”) must:

a. hold an active personal account with Lightspeed

b. be an individual and a direct client of Lightspeed

 

4. If you have any introduction or affiliate type arrangement or are participating in any other promotion with Lightspeed, any referrals thereunder will not qualify for the Refer a Friend Promotion.  Retirement accounts are not eligible for the program.

 

Your Friend must be:

a. an individual who is 18 years or older; and

b. a new client to Lightspeed (not having previously held an account with Lightspeed)

 

5. To qualify for the Promotion, Your Friend is required to:

 

a. open a trading account with Lightspeed via the online application; and

b. make a minimum deposit of $10,000 within 60 days of the account being opened (“Qualifying Period”); and

c. maintains the minimum balance for 3 month period

 

6. To participate in the Promotion, the name on the online application must match the name on the Lightspeed account. You may refer up to a maximum of ten people under this Promotion.

 

7. All accounts are opened subject to our standard account opening criteria, and as such not all applicants will be successful in their application for an account.

 

8. If any restrictions apply to your account or the account of Your Friend, the referral will not qualify as an Active Referral until the restrictions have been lifted. Any restrictions that apply to an account will be detailed in the email to the account holder upon account activation. The referral will not qualify as an Active Referral if your account or the account of Your Friend is closed for any reason.

 

9. 90 business days following the Active Referral making a qualifying deposit, the referrer and referee will each be eligible to receive a $200 cash posted to the Lightspeed account.

 

10. The referral will not qualify as an Active Referral if you have a power of attorney over the account of Your Friend. You cannot refer yourself via a joint account or refer a member of the same household.

 

11. You can only refer an individual to Lightspeed once.

 

12. The Promotion is not open to employees of Lightspeed or employees of any other company engaged in direct competition with broker dealer.

 

13. Your Friend will be informed that you will receive or have received a reward payment as a result of their opening and trading on a Lightspeed account.

 

14. If Your Friend does not become an Active Referral nor meets the criteria in accordance with the timeframes in these Rules, you will not be eligible for any reward.

 

15. Lightspeed reserves the right to remove a Reward or substitute a Reward offered with another item of the same value, at its sole discretion, from time to time and without prior notice to you or Your Friend.


16. The Promotion and any obligations of Lightspeed pursuant to it will be revoked or withdrawn from participants who abuse the spirit or intention of it. We reserve the right to cancel or withdraw the Promotion at any time in case of any suspected abuse of the Promotion. Further, where any of these Rules are breached, if we believe that any of the terms of your Customer Agreement with us have been breached in any way, you no longer have an account with Lightspeed or there is any reason to suspect a participant has acted fraudulently or obtained an unfair or unintended advantage pursuant to this Promotion, we reserve the right to stop, withhold or cancel payment of a Reward or to prevent any attempted withdrawal of a Reward from your account.

 

17. To the extent a Reward has been paid to you and we suspect a participant has acted fraudulently or obtained an unfair or unintended advantage pursuant to this Promotion, you agree that we will be entitled to deduct an amount equivalent to the Reward from any Lightspeed trading account that you hold with us.

 

18. We are the sole arbiter of the Promotion, these Rules, and any other issues arising under this Promotion. Exceptions to these Rules are at the sole discretion of Lightspeed’s management, and our decision is final. We reserve the right to alter, amend or terminate the Promotion or any aspect of it (including the Rules) at any time and without prior notice.

 

19. The Reward cannot be combined with any other reward promotions that Lightspeed offers.

 

20. Lightspeed will not be held liable for any losses incurred by you or Your Friend because of your (or their) trading or in relation to this Promotion.

 

21. Any dispute or situation not covered by these Rules, will be resolved by our management in a manner it deems to be fairest to all concerned and that decision shall be final and binding on all parties.

 

22. If at any time all or any part of any provision of these Rules are or become illegal, invalid or unenforceable in any respect under the law of any jurisdiction, such provision(s) shall not affect or impair the legality, validity, or enforceability in that jurisdiction of the remainder of that provision or all other provisions of these Rules or the legality, validity or enforceability under the law of any other jurisdiction of that provision or all other provisions of these Rules.

Everything you need to know

Find out details on how the Refer a Friend program works.

Lightspeed customers who hold an active personal account and is an individual, direct customer of Lightspeed may refer “Friends” to Lightspeed. Your Friend must be an individual who is 18 years or older; and a new client to Lightspeed (not having previously held an account with Lightspeed).

 

Once your Friend opens a new trading account with Lightspeed via the online application; and makes a minimum deposit of $10,000 within 60 days of the account being opened (“Qualifying Period”); and maintains min balance for 3-month period, you both qualify for a $200 account credit.

The referrer and referee bonus are a $200 account credit.

To qualify for the refer a friend program, the person making the referral (“you”) must hold an active personal account with Lightspeed and, be an individual and a direct client of Lightspeed. The referee must be a new Lightspeed customer.

Within 30 days following the qualifying criteria is met, the referrer and referee will each receive $200 cash posted to their Lightspeed account.

Join our newsletter

We’ll send you a nice letter once per week. No spam.

© 2022 Lightspeed Financial Services Group, LLC. All rights reserved.

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.