Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Just2Trade 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. Lightspeed Trading charges $4.50 per stock trade which is $2.00 more than Just2Trade which charges customers $2.50 per trade. With options, the base fees charged are $2.50 (Just2Trade) and $0 (Lightspeed Trading). Just2Trade's per contract rate of $0.50 is less than Lightspeed Trading which charges $0.60. 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 supports Stock Trading, Options Trading and Futures Trading while Just2Trade supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade offers its clients access to 3000 different mutual funds while Lightspeed Trading has 0 available funds, a difference of 3,000. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Just2Trade and Lightspeed Trading offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Just2Trade and Lightspeed Trading offer virtual trading. Taking a look at mobile trading, Just2Trade supports the iPhone App and Android App while Lightspeed Trading supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Just2Trade or Lightspeed Trading . On the whole, when it comes to tools, research, and mobile trading, neither Just2Trade nor Lightspeed Trading were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, both Just2Trade and Lightspeed Trading share a rating of 2.50 stars.