The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares Lightspeed Trading vs OptionsHouse. Is Lightspeed Trading or OptionsHouse a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. 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 while OptionsHouse's is $4.95. Each option contract then costs $0.60 at Lightspeed Trading and $0.50 at OptionsHouse. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. OptionsHouse provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Lightspeed Trading provides clients access to Stock Trading, Options Trading and Futures Trading. When it comes to mutual funds, Lightspeed Trading trails OptionsHouse by 12,275 total mutual funds, with OptionsHouse offering 12275 and Lightspeed Trading offering 0. Commission free ETFs can also be a nice plus, with Lightspeed Trading falling behind OptionsHouse, offering 0 commission free ETFs compared to OptionsHouse's 5.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Lightspeed Trading and OptionsHouse both offer virtual trading. For mobile trading, OptionsHouse offer clients access to an iPhone App, iPad App and Android App while Lightspeed Trading has an none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Lightspeed Trading or OptionsHouse . On the whole, when it comes to tools, research, and mobile trading, OptionsHouse was rated Best in Class - Mobile Trading in 2017, while Lightspeed Trading was rated none of these.
Overall, OptionsHouse takes the upper hand with 4.00 stars over Lightspeed Trading's 2.50 stars.