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 Fidelity Investments 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. Fidelity Investments charges more than Lightspeed for placing regular stock trades ($4.95 and $4.50, respectively). With options, the base fees charged are $4.95 (Fidelity Investments) and $0 (Lightspeed). Option contracts are pricier at Fidelity Investments, costing $0.65 versus $0.60 at Lightspeed. 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 Fidelity Investments offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity Investments offers its clients access to 11782 different mutual funds while Lightspeed has 0 available funds, a difference of 11,782.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Lightspeed offers virtual trading while Fidelity Investments does not. Taking a look at mobile trading, Fidelity Investments along with Lightspeed both support 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while Lightspeed offers customers none of these.
Overall, between Fidelity Investments and Lightspeed, Fidelity Investments is the winner
Fidelity Investments Review