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 Lightspeed Trading vs Capital One Investing.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Capital One Investing, with its regular stock trades costing $6.95, is more expensive than Lightspeed Trading's rate of $4.50 per trade. With options, the base fees charged are $6.95 (Capital One Investing) and $0 (Lightspeed Trading). Each option contract then costs $0.75 at Capital One Investing and $0.60 at Lightspeed Trading. 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. Capital One Investing offers clients Stock Trading, Options Trading and Mutual Funds while Lightspeed Trading offers Stock Trading, Options Trading and Futures Trading. Looking at mutual funds, Capital One Investing boasts an offering of 1202 mutual funds compared to Lightspeed Trading's 0 available funds. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Lightspeed Trading and Capital One Investing offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Lightspeed Trading has virtual trading, Capital One Investing doesn't. Taking a look at mobile trading, Capital One Investing offer clients access to an iPhone App, iPad 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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Capital One Investing while Lightspeed Trading offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, neither Lightspeed Trading nor Capital One Investing were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Capital One Investing takes the upper hand with 3.00 stars over Lightspeed Trading's 2.50 stars.