The StockBrokers.com 2017 Brokerage Review
compares Interactive Brokers vs Lightspeed Trading. Compare Interactive Brokers and Lightspeed Trading trade commissions, fees and overall broker ratings by using the table below. Is Interactive Brokers or Lightspeed Trading a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Lightspeed Trading charges more than Interactive Brokers for placing regular stock trades ($4.50 and $0.00 (the broker charges a per share rate instead), respectively). Looking at options, the base fees charged are the same for both brokers, $0. Contracts are pricier at Interactive Brokers, costing $0.70 versus $0.60 at Lightspeed Trading, a difference of $0.10 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Lightspeed Trading offers clients Stock Trading, Options Trading and Futures Trading while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Lightspeed Trading trails Interactive Brokers by 8,026.00 total funds, with Interactive Brokers offering 8026 and Lightspeed Trading offering 0. Commission free ETFs can also be a nice plus, with Lightspeed Trading falling behind Interactive Brokers, offering 0 commission free etfs compared to Interactive Brokers's 33.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Both Interactive Brokers and Lightspeed Trading have virtual trading. For mobile trading, Interactive Brokers supports the iPhone App, iPad App and Android App while Lightspeed Trading supports the none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Interactive Brokers and Lightspeed Trading as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and trading on the go, Interactive Brokers finished with awards for Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2014, while Lightspeed Trading came up with none of these.
Overall, Interactive Brokers takes the upper hand with 4.00 stars over Lightspeed Trading's 2.50 stars.