Lightspeed International Client

Discussion in 'Retail Brokers' started by sparks01, Apr 19, 2021.

  1. sparks01

    sparks01

    I applied for a margin account as an international client at lightspeed almost 2 months ago and still waiting for the account to be approved. Initially when I sent my application I was told that it could take up to 2 months to be approved, which I was fine waiting. However, I have saw multiple forum posts and seen someone claim they have been waiting almost 5 months now for an account to be opened.

    Is there anyone in my position that had to wait or is still waiting 3 months+ for their account to be approved?

    I was really looking forward to working with lightspeed and using the lightspeed trader platform, but I don't think I'll be able to wait 3-4 months.

    I emailed Centerpoint Securities about the waiting time for account approvals which are 3-6 days. I worked out the commissions may be slightly higher overtime using Centerpoint, but I don't see any other options. It kind of kills my faith in lightspeed if they're potentially going to have me waiting 4 months. It makes me wonder what the customer service will be like when I do get approved if they are this overwhelmed.

    Any thoughts?
     
  2. AR15

    AR15

    more of a blessing than a curse, lightspeed sucks

    centerpoint is 1000x better trust me