Using data from the StockBrokers.com 2017 Broker Rankings
, 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). Lightspeed Trading's per contract rate of $0.60 is less than Fidelity Investments which charges $0.65. 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, Fidelity Investments boasts an offering of 13204 mutual funds compared to Lightspeed Trading's 0 available funds. And, commission free ETFs deserve a comparison, with Lightspeed Trading falling behind Fidelity Investments, offering 0 commission free ETFs compared to Fidelity Investments's 91.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Fidelity Investments and Lightspeed Trading both offer virtual trading. For mobile trading, Fidelity Investments offer clients access to an iPhone App, iPad App and Android App while Lightspeed Trading has an none of these. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while Lightspeed Trading offers none of these. All factors considered, when it comes to platform 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 comes out on top with 4.50 stars over Lightspeed Trading's 2.50 stars.