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E*TRADE vs Lightspeed 2020

Is E*TRADE better than Lightspeed? After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than Lightspeed (61.3%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

Promo Offer $0 Commissions for online stock, ETF, & options trades. Join E*TRADE today! Open Account
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Overall Rating

Feature E*TRADE Lightspeed
Overall 4.5 3
E*TRADE Review Lightspeed Review

Trading Fees

Feature E*TRADE Lightspeed
Minimum Deposit $0.00 $10,000.00
Stock Trade Fee (per trade) $0.00 $4.50
ETF Trade Fee $0.00 $4.50
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.60
Mutual Fund Trade Fee $19.99 N/A
Broker Assisted Trades Fee $25.00 $25.00
Commissions & Fees 4.5 2.5
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Margin Rates

Feature E*TRADE Lightspeed
Under $24,999.99 8.95% 7.50%
$25,000.00 to $49,999.99 8.45% 7.50%
$50,000.00 to $99,999.99 7.95% 6.50%
$100,000.00 to $249,999.99 7.45% 6.50%
$250,000.00 to $499,999.99 6.95% 5.75%
$500,000.00 to $999,999.99 6.45% 5.25%
Above $1,000,000.00 5.45% 5.00%
Commissions & Fees 4.5 2.5
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Account Fees

Feature E*TRADE Lightspeed
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $60.00 $95.00
Returned ACH Fee $0.00 $30.00
Returned Wire Fee $0.00 $30.00
Stock Certificate Processing Fee $0.00 $75.00
Stock Certificate Delivery Fee $75.00 $50.00
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $0.00 $2.00
Domestic Wire Fee $25.00 $20.00
International Wire Fee $25.00 $50.00
Commissions & Fees 4.5 2.5

Investment Options

Feature E*TRADE Lightspeed
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes Yes
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
6663 0
Mutual Funds (Total)
9291 0
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4.5 3
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Order Types

Feature E*TRADE Lightspeed
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
No Yes
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 4.5 3
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Trading Platforms

Feature E*TRADE Lightspeed
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No Yes
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
125 141
Heat Mapping
No No
AI Assistant Bot
No No
Platforms & Tools 4.5 3
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Charting Features

Feature E*TRADE Lightspeed
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
119 20
Charting - Drawing Tools
32 8
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 4
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

Feature E*TRADE Lightspeed
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
No No
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No Yes
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Mobile Trading Apps

Feature E*TRADE Lightspeed
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature E*TRADE Lightspeed
Watch List Syncing
Yes No
Stock Alerts
Yes Yes
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3
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Research Overview

Feature E*TRADE Lightspeed
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 4.5 2
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Stock Research

Feature E*TRADE Lightspeed
Stock Research - Reports
5 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes Yes
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 4.5 2
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ETF Research

Feature E*TRADE Lightspeed
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 4.5 2
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Mutual Fund Research

Feature E*TRADE Lightspeed
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4.5 2
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Options Trading

Feature E*TRADE Lightspeed
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 60
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 3
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Beginners

Feature E*TRADE Lightspeed
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
12 1
Webinars (Archived)
Yes Yes
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No
Investor Magazine
No No
Education 4 3
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Banking

Feature E*TRADE Lightspeed
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 4 0.5

Overall

Feature E*TRADE Lightspeed
E*TRADE Review Lightspeed Review
Overall 4.5 3
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare E*TRADE vs Lightspeed.

Is E*TRADE or Lightspeed better for beginners?
E*TRADE is better for beginner investors than Lightspeed. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about E*TRADE vs Lightspeed pricing?
Lightspeed, with its regular stock trades costing $4.50, is more expensive than E*TRADE's rate of $0 per trade. With options, the base fee is $0 for both E*TRADE and Lightspeed. Option contracts are pricier at E*TRADE, costing $0.65 versus $0.60 at Lightspeed. For a complete commissions summary, see our best discount brokers guide.

Does E*TRADE or Lightspeed offer a wider range of investment options?
E*TRADE offers a more diverse selection of investment options than Lightspeed. E*TRADE offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and Advisor Services. Looking at Mutual Funds, Lightspeed trails E*TRADE by 9,291 total mutual funds, with E*TRADE offering 9291 and Lightspeed offering 0.

Which trading platform is better: E*TRADE or Lightspeed?
To compare the trading platforms of both E*TRADE and Lightspeed, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Clients can have Checking Accounts, Savings Accounts and Debit Cards at E*TRADE while customers at Lightspeed can have none of these.

Overall, between E*TRADE and Lightspeed, E*TRADE is the better online broker.

E*TRADE Review
Lightspeed Review

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All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. 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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