Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Chase You Invest Trade vs Lightspeed to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Lightspeed, with its regular stock trades costing $4.50, is more expensive than Chase You Invest Trade's rate of $2.95 per trade. For options trading, both Chase You Invest Trade and Lightspeed charge the same base fee of $N/A. Each option contract then costs $N/A at Chase You Invest Trade and $0.60 at Lightspeed. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Chase You Invest Trade supports Stock Trading and Mutual Funds while Lightspeed supports Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, Chase You Invest Trade boasts an offering of 2700 mutual funds compared to Lightspeed's 0 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Lightspeed offers virtual trading while Chase You Invest Trade does not. For mobile trading, Chase You Invest Trade offer clients access to an iPhone App and Android App while Lightspeed has an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Chase You Invest Trade while Lightspeed offers none of these.
Overall, between Chase You Invest Trade and Lightspeed, Lightspeed is the winner
Chase You Invest Trade Review