Docs Pricing Funding Terms

Terms & Disclosures

All agreements and regulatory disclosures governing your use of Light Horse Securities.

Core Agreements

Privacy Policy↗
Terms & Conditions↗
Customer Agreement↗
Customer Relationship Summary (Form CRS)↗
Complete Fee Schedule↗

Trading Disclosures

Margin Disclosure↗
Extended Hours Trading Disclosure↗
Fully Paid Securities Lending Disclosure↗
Day Trading Disclosure↗
Fractional Trading Disclosure↗
Low-Priced Securities Disclosure↗
Market Data Disclosure↗
Options Trading Disclosure↗
Options Risk Disclosure↗

Operational Disclosures

Business Continuity Plan Disclosure↗
Customer Identification Program Notice↗

Apex Clearing Agreements

Apex FDIC Sweep Program Terms↗
Apex Master Securities Lending Agreement↗
Apex Privacy Policy↗
Apex Option Agreement↗
Apex Margin & Short Account Agreement↗

© 2026 Light Horse. All rights reserved.

Check the background of Light Horse Securities Inc on FINRA's BrokerCheck. For more details refer to Customer Relationship Summary (Form CRS).

Light Horse Securities Inc is a member of FINRA and SIPC. SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. An explanatory brochure is available upon request or at www.sipc.org.

SIPC only protects the custody function of the broker-dealer, which means that SIPC works to restore to customers the securities and money that are in their accounts when the brokerage firm liquidation begins. SIPC does not protect against the decline in value of your securities. SIPC does not protect individuals who are sold worthless stocks and other securities. SIPC does not cover claims against a broker for bad investment advice or recommending inappropriate investments.

Clearing, execution and settlement of securities transactions is provided by Apex Clearing Corp. Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer's securities and $900,000 for any one customer's cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

Investments involve risk; past performance does not represent future results. Diversification may help spread risk but does not protect in a down market. You may lose all of your investment. Investors should consider their investment objectives and goals before investing. No information on this website, trading platform, or our mobile application should be regarded as an offer to buy or sell a particular type of security, solicit an offer, or open a brokerage account in any jurisdiction where Light Horse Securities Inc is not registered to do business. Investors should do their own research before making an investment decision.

Options trading involves substantial risk and is not suitable for all investors. Participants can quickly lose the entire value of their investment and may incur a permanent loss if positions move unfavorably by the expiration date. In certain circumstances, losses may even exceed the initial amount invested. Investors must complete an options trading application and receive approval before engaging in options activity on eligible accounts. Prior to trading, please review the Characteristics and Risks of Standardized Options (ODD) to fully understand the obligations and potential consequences of options strategies. Carefully consider your financial situation, risk tolerance, and investment objectives before deciding to trade options.

Substantial risks are involved with electronic trading. System glitches, website and server downtime, and other technical errors may occur that can affect the trading ability and system performance. Please consider all the risks involved with trading before making an investment decision. Before making an investment decision, investors should be aware of the technical troubles. Access to Electronic Services and system performance may be limited or unavailable during peak demand, market volatility, systems upgrade, maintenance, or other reasons.

Before investing, please read through our Risk Disclosure and Terms and Conditions. It is essential that you fully understand the risks involved in trading securities on margin. Please read the Margin Disclosure to learn more.

References to commission free trading or fee free trading refer to $0 commissions charged on self-directed individual cash brokerage accounts that trade on U.S. listed securities. Please refer to our fee schedule for a complete listing of relevant charges.