The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Fidelity Investments vs Lightspeed Trading. Is Fidelity Investments or Lightspeed Trading a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Fidelity Investments charges more than Lightspeed Trading for placing regular stock trades ($4.95 and $4.50, respectively). For options trading, Fidelity Investments has a base fee of $4.95, and Lightspeed Trading a base fee of $0. Lightspeed Trading's per contract rate of $0.60 is less than Fidelity Investments which charges $0.65. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Lightspeed Trading offers clients Stock Trading, Options Trading and Futures Trading while Fidelity Investments offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Lightspeed Trading trails Fidelity Investments by 12,505 total mutual funds, with Fidelity Investments offering 12505 and Lightspeed Trading offering 0. Commission free ETFs can also be a nice plus, Fidelity Investments offers 91 commission free ETFs versus Lightspeed Trading's total of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Fidelity Investments alongside Lightspeed Trading offer virtual trading. For mobile trading, Fidelity Investments and Lightspeed Trading both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at Lightspeed Trading can have none of these. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments finished with awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading, while Lightspeed Trading came up with none of these.
Overall, Fidelity Investments boasts 5.00 stars versus Lightspeed Trading's 3.00 stars.