Firm ACH transfer

For a broker such as Hold Bro, Bright, or Lightspeed, I wonder why don't they link up ACH between the customer and their bank accounts, such that there would be no $30-50 money wire costs ?

 

First of all, Hold Brothers and Bright Trader are both prop firm, Lightspeed Trading is NOT a prop firm. We offer customer accounts. We offer ACH at Wedbush Securities. You can't have an ACH from a prop firm because your "account" at a prop firm is NOT your account, but represents your P/L. That is a firm account and an ACH would not be appropriate.

So YES, we offer ACH to our securities customer accounts.

 

when you trade with prop firms you dont trade with your own entity

 

Ok, so Lightspeed doesn't charge for ACH transfers?

 

No. https://www.lightspeed.com/pricing/other-fees/

 

Slighty off topic, but I'm wondering why money isn't getting transferred instantly if you have transferred to the same location.

Mbey in a few years.