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 ?
Firm ACH transfer
- Thread starter blueraincap
- Start date
Robert Morse
Sponsor
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.
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?