Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Fidelity Investments vs Lightspeed Trading to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing 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. With options, the base fees charged are $4.95 (Fidelity Investments) and $0 (Lightspeed Trading). Option contracts are pricier at Fidelity Investments, costing $0.65 versus $0.60 at Lightspeed Trading. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Lightspeed Trading supports Stock Trading, Options Trading and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Lightspeed Trading trails Fidelity Investments by 12,505 total mutual funds, with Fidelity Investments offering 12505 and Lightspeed Trading offering 0. And, commission free ETFs deserve a comparison, with Fidelity Investments having the upper hand thanks to its 265 available commission free ETFs compared to Lightspeed Trading's offering of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Fidelity Investments and Lightspeed Trading offer virtual trading. For mobile trading, Fidelity Investments along with Lightspeed Trading both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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. All factors considered, when it comes to platform 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 5.00 stars versus Lightspeed Trading's 3.00 stars.