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 $4.95 per stock trade which is $0.45 more than Lightspeed Trading which charges customers $4.50 per trade. With options, the base fees charged are $4.95 (Fidelity Investments) and $0 (Lightspeed Trading). Each option contract then costs $0.65 at Fidelity Investments and $0.60 at Lightspeed Trading. 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 provides its clients with Stock Trading, Options Trading and Futures Trading while Fidelity Investments provides clients access to Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments boasts an offering of 12505 mutual funds compared to Lightspeed Trading's 0 available funds. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to Lightspeed Trading's offering 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. Both Fidelity Investments and 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while Lightspeed Trading offers customers 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, Best in Class - Research and Best in Class - Mobile Trading, while Lightspeed Trading came up with none of these.
Overall, Fidelity Investments boasts 4.50 stars versus Lightspeed Trading's 2.50 stars.