Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Lightspeed Trading vs OptionsHouse 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. OptionsHouse charges more than Lightspeed Trading for placing regular stock trades ($4.95 and $4.50, respectively). Looking at trading options, Lightspeed Trading's base fee is $0 while OptionsHouse's is $4.95. OptionsHouse's per contract rate of $0.50 is less than Lightspeed Trading which charges $0.60. 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. OptionsHouse offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Lightspeed Trading offers Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, Lightspeed Trading trails OptionsHouse by 12,275 total mutual funds, with OptionsHouse offering 12275 and Lightspeed Trading offering 0. And, commission free ETFs deserve a comparison, OptionsHouse offers 5 commission free ETFs versus Lightspeed Trading's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Lightspeed Trading and OptionsHouse both offer virtual trading. For mobile trading, Lightspeed Trading and OptionsHouse both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Banking is not popular with Lightspeed Trading and OptionsHouse as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. All factors considered, when it comes to platform tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading, while Lightspeed Trading came up with none of these.
Overall, OptionsHouse takes the upper hand with 4.00 stars over Lightspeed Trading's 2.50 stars.