Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare Lightspeed Trading vs OptionsHouse to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Lightspeed Trading and OptionsHouse.
First we will break down the commission charges of both brokers for placing stock and options trades. OptionsHouse, with its regular stock trades costing $4.95, is more expensive than Lightspeed Trading's rate of $4.50 per trade. Looking at trading options, Lightspeed Trading's base fee is $0.00 while OptionsHouse's is $4.95. Contracts are pricier at Lightspeed Trading, costing $0.60 versus $0.50 at OptionsHouse, a difference of $0.10 per contract. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then scroll down to the "Commission Notes" section).
Trading fees aside, having access to trade what you want is also an important consideration. OptionsHouse provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Lightspeed Trading gives clients access to Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, Lightspeed Trading trails OptionsHouse by 12,275.00 total funds, with OptionsHouse offering 12275 and Lightspeed Trading offering 0. And, commission free ETFs deserve a mention, with OptionsHouse having the upper hand thanks to its 5 available ETFs compared to Lightspeed Trading's offering of 0.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Lightspeed Trading alongside OptionsHouse have virtual trading. For mobile trading, OptionsHouse gives 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 clients, and multiple brokerages provide these services. Neither Lightspeed Trading nor OptionsHouse offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All things considered, when it comes to platform tools, research, and trading via smartphone, OptionsHouse finished with awards for Best in Class - Mobile Trading in 2014, while Lightspeed Trading came up with none of these.
Overall, OptionsHouse boasts 4.00 stars versus Lightspeed Trading's 2.50 stars.