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 Capital One Investing 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. 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. 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. Capital One Investing supports Stock Trading, Options Trading and Mutual Funds while Lightspeed Trading supports Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, Capital One Investing offers its clients access to 1149 different mutual funds while Lightspeed Trading has 0 available funds, a difference of 1,149. And, commission free ETFs deserve a comparison, which for investors means access to 0 commission free ETFs at both brokers.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Lightspeed Trading has virtual trading, Capital One Investing doesn't. For mobile trading, Both Lightspeed Trading and Capital One Investing offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Capital One Investing while Lightspeed Trading offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, both Lightspeed Trading and Capital One Investing found themselves without awards for 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.