Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Fidelity Investments vs Lightspeed Trading.
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, with its regular stock trades costing $4.95, is more expensive than Lightspeed Trading's rate of $4.50 per trade. Looking at trading options, Lightspeed Trading's base fee is $0 while Fidelity Investments's is $4.95. Each option contract then costs $0.65 at Fidelity Investments and $0.60 at Lightspeed Trading. 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 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. Looking at mutual funds, Lightspeed Trading trails Fidelity Investments by 13,204 total mutual funds, with Fidelity Investments offering 13204 and Lightspeed Trading offering 0. Commission free ETFs can also be valuable for customers, Fidelity Investments offers 91 commission free ETFs versus Lightspeed Trading's total of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Fidelity Investments alongside Lightspeed Trading offer virtual trading. Taking a look at mobile trading, Fidelity Investments supports the iPhone App, iPad App and Android App while Lightspeed Trading supports the none of these. Not to be left out, online banking is also a nice benefit for many investors, and some 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 posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017, while Lightspeed Trading found itself with none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over Lightspeed Trading's 2.50 stars.