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Fidelity Investments vs Lightspeed Trading Review

Review conducted by and last updated on 09/06/2016

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    Overall
    Commissions & Fees
    Offering of Investments
    Platform & Tools
    Research
    Customer Service
    Mobile Trading
    Ease of Use
    Education
    Order Execution
    Banking
    Flat-fee Trade Plan*
    Per-Share Trade Plan
    Mutual Fund Trade Fee*
    Options Trade Base
    Options Per Contract
    Options Exercise Fee
    Options Assignment Fee
    Broker Assisted Trades
    Minimum Deposit
    Stock Trading
    Options Trading
    Mutual Funds
    FOREX Trading
    Futures Trading
    Desktop Based Platform
    Web Based Platform
    Virtual Trading
    No Minimum Deposit
    No Inactivity Fees
    No-Fee IRAs
    Commission Free ETFs
    Mutual Funds (No Load)
    Mutual Funds (Total)
    # of Easy to Borrow Stocks
    Retail Locations
    iPhone App
    iPad App
    Android App
    Android Tablet App
    Mobile Site
    Checking Accounts
    Savings Accounts
    Credit Card Accounts
    Debit Card Accounts
    Mortgage Loans
    No Fee Banking
    Under $25k
    $25k - $49k
    $50k - $99k
    $100k - $249k
    $250k - $499k
    $500k - $999k
    Above $1,000,000
  • Fidelity Investments Fidelity Investments Read Full Review Open Account
    Exclusive: Get 300 commission-free trades and 2 years to use them - Learn More
     
     
     
     
     
     
     
     
     
     
     
     
     
    $7.95
    N/A
    $49.95
    $7.95
    $0.75
    $7.95
    $7.95
    $32.95
    $2,500.00
     
     
     
    85
    6213
    13468
    3396
    188
     
     
     
    8.08%
    7.58%
    7.08%
    6.58%
    6.58%
    3.75%
    3.75%
  • Lightspeed Trading Lightspeed Trading Read Full Review Open Account
    Special Offer: Get $10,000 cash back on trades with a new account! Learn More
     
     
     
     
     
     
     
     
     
     
     
     
     
    $4.50
    $0.006
    N/A
    $0.00
    $0.60
    $15.00
    $15.00
    $25.00
    $5,000.00
     
     
     
    0
    0
    0
    5000
    0
     
     
     
    6.00%
    6.00%
    5.00%
    5.00%
    4.25%
    3.75%
    3.50%
Comparing brokers side by side is no easy task. For our 2014 broker review, we factored in 266 different variables to assess 17 different brokers. So when taking a look at Fidelity Investments vs Lightspeed Trading, there is a huge database of information available to us.

To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Fidelity Investments, with its regular stock trades costing $7.95, is more expensive than Lightspeed Trading's rate of $3.00 per trade. With options, the base fees charged are $7.95 (Fidelity Investments) and $0.00 (Lightspeed Trading). Each contract then costs $0.75 at Fidelity Investments and $0.60 at Lightspeed Trading for a difference in price of $0.15 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any stock broker review page, then click the "Commissions & Fees" tab).

Next to commission rates, being able to trade the instrument you want is important. Lightspeed Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Lightspeed Trading trails Fidelity Investments by 14,391.00 total funds, with Fidelity Investments offering 14391 and Lightspeed Trading offering 0. Commission free ETFs also should not be forgotten, Fidelity Investments offers 76 versus Lightspeed Trading's total of 0.

Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Lightspeed Trading makes virtual trading available to clients, while Fidelity Investments does not. Taking a look at mobile trading, Fidelity Investments supports the iPhone App, iPad App and Android App while Lightspeed Trading supports the none of these. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while Lightspeed Trading offers none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments finished with awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while Lightspeed Trading came up with none of these.

Overall, Fidelity Investments takes the upper hand with 4.50 stars over Lightspeed Trading's 3.00 stars.

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All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.





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