The StockBrokers.com 2017 Brokerage Review
compares Lightspeed Trading vs Ally Invest. Compare Lightspeed Trading and Ally Invest trade commissions, fees and overall broker ratings by using the table below. Is Lightspeed Trading or Ally Invest a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Ally Invest charges $4.95 per stock trade which is $0.45 more than Lightspeed Trading which charges clients $4.50 per trade. Looking at trading options, Lightspeed Trading's base fee is $0.00 while Ally Invest's is $4.95. Each contract then costs $0.65 at Ally Invest and $0.60 at Lightspeed Trading for a difference in price of $0.05 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Ally Invest supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Lightspeed Trading supports Stock Trading, Options Trading and Futures Trading. When it comes to mutual funds, Ally Invest boasts an offering of 10138 compared to Lightspeed Trading's 0 available funds. Commission free ETFs can also be a nice plus, which in this case means trading a possible 0 funds at both brokers.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Lightspeed Trading alongside Ally Invest have virtual trading. For mobile trading, Ally Invest supports the iPhone App and Android App while Lightspeed Trading supports the none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Ally Invest while Lightspeed Trading offers none of these. On the whole, when it comes to tools, research, and trading on the go, Neither Lightspeed Trading nor Ally Invest were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Ally Invest boasts 4.00 stars versus Lightspeed Trading's 2.50 stars.