Funding and Withdrawals

Funding your account is easy. We offer multiple funding options, and new customers can begin trading the next business day.


Funding

Lightspeed offers clients multiple funding options, including ACH electronic transfers, wire transfers, and account transfers.


We do not accept third-party transfers. All deposits into your Lightspeed account should come from a bank or brokerage account of the same title.

  • Lightspeed Trader, Eze EMS (formerly RealTick) or Sterling Trader Pro: $25,000
  • Web and Mobile:  $10,000
  • Portfolio Margin Accounts: $175,000
  • Sterling Vol Trader: $25,000
  • Portfolio Margin Account using Sterling Vol Trader: $110,000

Minimum equity balance to maintain trading privileges.


Lightspeed Trader

  • Pattern day trade account: $25,000
  • Retirement account: $10,000
  • Cash account: $10,000
  • Margin account: $10,000
  • Options account: $10,000
  • Portfolio margin: $175,000


Web and Mobile

  • Patterm day trade account: $25,000
  • Retirement account: $2,000
  • Cash account: $2,000
  • Margin account: $2,000
  • Portfolio margin: $175,000

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.


  • After logging in, go to “My Account” and click on the “Fund Transfers” link. ACH links and transactions initiated through other financial institutions will not be accepted.


  • ACH transfers initiated through your bank will be rejected.


  • Once the ACH link is verified, ACH transfers take only 2 business days to be completed.


  • Lightspeed does not charge for ACH transfers.


  • ACH deposits are limited to $30,000 per 60 calendar days.


  • ACH links are limited to 1 per client.

Wire transfers are only permitted between like-named accounts. All deposits into your Lightspeed account should come from a bank or brokerage account of the same title.

 

Only same-day wire transfers are accepted. Some banks offer “free” or “next day” transfers which banks may define as wire transfers but are processed as an ACH. Any such transfer processed as an ACH will be rejected by Lightspeed. Please check with your bank regarding the delivery method before requesting a transfer.

Third-party transfers, including wires from solely owned business accounts to accounts in the name of the business owner, are considered third-party transfers and will not be accepted. Deposits to Individual/Joint accounts must come from an account held under the same name(s). Deposits into accounts in the name of an entity will only be accepted from an account in the same entity name.

 

To avoid delays please be sure to include your account name and Lightspeed account number in your wire instructions. If your bank does not offer a “For Further Credit” field in their wire instructions form, it may be displayed under a different term, such as “Additional Information” or “Notes to Recipient”, etc.

If you intend to fund your account via an Account Transfer from another broker (ACATS), please complete the Account Transfer Form (ACAT Form) and submit it with a copy of the most recent account statement to [email protected] Account transfers are only permitted between like-named accounts.

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: Wedbush Securities, Inc.

Beneficiary Address:

1000 Wilshire Blvd, Los Angeles, CA 90017

Beneficiary Account: 8540900001

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.


Withdrawals


  • There is no charge for ACH transfers.


  • ACH transfers take only two business days to complete.


  • Withdrawal requests received by 2:30 PM EST are processed the same business day.


  •  To establish a new ACH link with your bank account or make an ACH transfer, log onto secure.lightspeed.com and click the “Transfer Funds” link.

You may have funds sent directly to your bank account via wire.


  • Wires are usually received by the bank on the same business day.


  • $20 fee for domestic wires and a $50 fee for international wires.

The receiving firm would initiate an outgoing ACAT request. A request should be submitted to the contra firm through their process, and they would contact Lightspeed to initiate the delivery of the account.


To request a check, simply login to the client portal, go to the funding tab, and then select the Check Request tab. Enter the amount and select the delivery method (standard - free or overnight $30)

You may have a check mailed to the address of record.

  • Processed same business day and take 3 to 5 business days to reach the customer.

Important Information

Third-party transfers, including wires from solely owned business accounts to accounts in the name of the business owner, are considered third-party transfers, and will not be accepted.


Deposits to Individual/Joint accounts must come from an account held under the same name(s). Deposits into accounts in the name of an entity will only be accepted from an account in the same entity name.


 

We do not accept third-party transfers. All deposits into your Lightspeed account should come from a bank or brokerage account of the same title.

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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.