Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs Lightspeed.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Lightspeed charges more than Chase You Invest Trade for placing regular stock trades ($4.50 and $2.95, respectively). With options, the base fees charged are $2.95 (Chase You Invest Trade) and $0 (Lightspeed). Lightspeed's per contract rate of $0.60 is less than Chase You Invest Trade which charges $0.75. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Lightspeed offers clients Stock Trading, Options Trading and Futures Trading while Chase You Invest Trade offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Chase You Invest Trade boasts an offering of 2700 mutual funds compared to Lightspeed's 0 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Lightspeed makes virtual trading available to clients, while Chase You Invest Trade does not. Taking a look at mobile trading, Chase You Invest Trade offers the iPhone App and Android App while Lightspeed offers the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Chase You Invest Trade while customers at Lightspeed can have none of these.
Overall, between Chase You Invest Trade and Lightspeed, Lightspeed is the winner.
Chase You Invest Trade Review