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SpeedTrader vs Lightspeed 2021

Is Lightspeed better than SpeedTrader? After testing 11 of the best online brokers over three months, (%) is better than SpeedTrader (51.25%).


Overall Rating

Feature SpeedTrader Lightspeed
Overall 2.5 3
Commissions & Fees 4 2.5
Offering of Investments 2.5 3
Platforms & Tools 3 3
Mobile Trading 3 3
Research 1 2
Education 1 3
Ease of Use 2.5 3
SpeedTrader Review Lightspeed Review
Winner

Trading Fees

Feature SpeedTrader Lightspeed
Minimum Deposit $30,000.00 $10,000.00
Stock Trades $4.49 $4.50
ETF Trade Fee $4.49 $4.50
Mutual Fund Trade Fee $50.00 N/A
Options (Base Fee) N/A $0.00
Options (Per Contract) $0.00 $0.60
Futures (Per Contract) N/A $1.29
Broker Assisted Trade Fee $30.00 $25.00

Margin Rates

Feature SpeedTrader Lightspeed
Under $24,999.99 6.00% 7.50%
$25,000.00 to $49,999.99 6.00% 7.50%
$50,000.00 to $99,999.99 6.00% 6.50%
$100,000.00 to $249,999.99 6.00% 6.50%
$250,000.00 to $499,999.99 6.00% 5.75%
$500,000.00 to $999,999.99 6.00% 5.25%
Above $1,000,000.00 6.00% 5.00%

Account Fees

Feature SpeedTrader Lightspeed
IRA Annual Fee N/A $35.00
IRA Closure Fee N/A $95.00
Account Transfer Out (Partial)
$75.00 $95.00
Account Transfer Out (Full)
$75.00 $95.00

Investment Options

Feature SpeedTrader Lightspeed
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No No
Crypto Trading
No No
Crypto Trading - Total Coins
0 0
Mutual Funds (No Load)
0 0
Mutual Funds (Total)
0 0
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Advisor Services
No No
International Trading
No No

Order Types

Feature SpeedTrader Lightspeed
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - OCO
Yes Yes
Order Type - OTO
No Yes
Order Type - Broker Assisted
Yes Yes

Beginners

Feature SpeedTrader Lightspeed
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
No Yes
Education (Mutual Funds)
No No
Education (Bonds)
No No
Education (Retirement)
No No
Retirement Calculator
No No
Investor Dictionary
No Yes
Paper Trading
Yes Yes
Videos
No Yes
Webinars (Monthly Avg)
1 1
Webinars (Archived)
Yes Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature SpeedTrader Lightspeed
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
No Yes
Order Ticket RT Quotes
Yes Yes
Order Ticket SRT Quotes
Yes Yes

Stock App Features

Feature SpeedTrader Lightspeed
Market Movers (Top Gainers)
Yes Yes
Stream Live TV
No No
Videos on Demand
No No
Stock Alerts
No Yes
Option Chains Viewable
Yes Yes
Watch List (Real-time)
Yes Yes
Watch List (Streaming)
Yes Yes
Watch Lists - Create & Manage
Yes Yes
Watch Lists - Column Customization
No No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature SpeedTrader Lightspeed
Charting - After-Hours
Yes No
Charting - Can Turn Horizontally
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Technical Studies
14 0
Charting - Study Customizations
No No
Charting - Stock Comparisons
No No

Trading Platforms

Feature SpeedTrader Lightspeed
Desktop Trading Platform
Yes Yes
Web Trading Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
30 141

Stock Chart Features

Feature SpeedTrader Lightspeed
Charting - Adjust Trades on Chart
No Yes
Charting - Indicators / Studies
36 20
Charting - Drawing Tools
9 8
Charting - Notes
Yes No
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
No Yes
Charting - Corporate Events
No No
Charting - Custom Date Range
Yes No
Charting - Custom Time Bars
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
8 4
Charting - Custom Studies
No No

Day Trading

Feature SpeedTrader Lightspeed
Streaming Time & Sales
Yes Yes
Streaming TV
No No
Direct Market Routing - Stocks
Yes Yes
Ladder Trading
Yes No
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Trade Ideas - Backtesting
No No
Trade Ideas - Backtesting Adv
No No
Short Locator
Yes Yes
Order Liquidity Rebates
No Yes

Research Overview

Feature SpeedTrader Lightspeed
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Bonds
No No
Screener - Stocks
No Yes
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No No

Stock Research

Feature SpeedTrader Lightspeed
Stock Research - PDF Reports
0 0
Stock Research - Earnings
No No
Stock Research - Insiders
No Yes
Stock Research - SEC Filings
No No
Stock Research - Social
No Yes
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature SpeedTrader Lightspeed
ETFs - Strategy Overview
No No
ETF Fund Facts - Inception Date
No No
ETF Fund Facts - Expense Ratio
No No
ETF Fund Facts - Net Assets
No No
ETF Fund Facts - Total Holdings
No No
ETFs - Top 10 Holdings
No No
ETFs - Performance Analysis
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - PDF Reports
No No

Mutual Fund Research

Feature SpeedTrader Lightspeed
Mutual Funds - Strategy Overview
No No
Mutual Funds - Performance Chart
No No
Mutual Funds - Performance Analysis
No No
Mutual Funds - Prospectus
No No
Mutual Funds - PDF Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature SpeedTrader Lightspeed
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
No No
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 60
Option Chains - Greeks
0 5
Option Positions - Greeks Streaming
No Yes
Option Chains - Quick Analysis
No Yes
Option Analysis - P&L Charts
No Yes
Option Probability Analysis
No No
Option Probability Analysis Adv
No No
Option Positions - Greeks
No Yes
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No Yes
Option Positions - Grouping
No Yes

Banking

Feature SpeedTrader Lightspeed
Bank (Member FDIC)
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No

Customer Service

Feature SpeedTrader Lightspeed
Phone Support (Prospect Customers)
Yes Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
Yes No
Live Chat (Current Customers)
Yes No
24/7 Support
No No

Overall

Feature SpeedTrader Lightspeed
Overall 2.5 3
Commissions & Fees 4 2.5
Offering of Investments 2.5 3
Platforms & Tools 3 3
Mobile Trading 3 3
Research 1 2
Education 1 3
Ease of Use 2.5 3
SpeedTrader Review Lightspeed Review
Winner

Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Lightspeed vs SpeedTrader.

Is Lightspeed or SpeedTrader better for beginners?
is better for beginner investors than Lightspeed. offers investors access to Paper Trading and Education (Stocks).

What about Lightspeed vs SpeedTrader pricing?
Lightspeed charges $4.50 per stock trade which is $0.01 more than SpeedTrader which charges customers $4.49 per trade. With options, the base fee is $0 for both Lightspeed and SpeedTrader. Option contracts are pricier at Lightspeed, costing $0.60 versus $0 at SpeedTrader. For a complete commissions summary, see our best discount brokers guide.

Does Lightspeed or SpeedTrader offer a wider range of investment options?
offers a more diverse selection of investment options than Lightspeed. offers investors access to Stock Trading, OTCBB / Pink Sheets and Options Trading. Looking at Mutual Funds, both Lightspeed and SpeedTrader provide clients with access to 0 total mutual funds.

Which trading platform is better: Lightspeed or SpeedTrader?
To compare the trading platforms of both Lightspeed and SpeedTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, offers a better experience. With research, offers superior market research. Finally, we found to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Banking is not popular with Lightspeed and SpeedTrader as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.

Overall winner:

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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