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 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, with its regular stock trades costing $4.50, is more expensive than Just2Trade's rate of $2.50 per trade. For options trading, Just2Trade has a base fee of $2.50, and Lightspeed Trading a base fee of $0. 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 offers clients Stock Trading, Options Trading and Futures Trading while Just2Trade offers 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 for investors means access to 0 commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade and Lightspeed Trading both offer virtual trading. Taking a look at mobile trading, Just2Trade offer clients access to an iPhone App and Android App while Lightspeed Trading has an 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. Neither Just2Trade nor Lightspeed Trading offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. 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 are rated 2.50 stars.