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. With options, the base fee is $N/A for both Chase You Invest Trade and Lightspeed. 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 provides its clients with Stock Trading and Mutual Funds while Lightspeed provides clients access to Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, Lightspeed trails Chase You Invest Trade by 2,700 total mutual funds, with Chase You Invest Trade offering 2700 and Lightspeed offering 0. And, commission free ETFs deserve a comparison, which in this case means trading a possible N/A commission free ETFs at both brokers.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Lightspeed has virtual trading, Chase You Invest Trade doesn't. For mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Lightspeed supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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. All factors considered, when it comes to platform tools, research, and mobile trading, neither Chase You Invest Trade nor Lightspeed were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Chase You Invest Trade comes out on top with 3.00 stars over Lightspeed's 2.50 stars.