The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Lightspeed Trading vs TradeStation Securities. Is Lightspeed Trading or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. TradeStation Securities charges $5.00 per stock trade which is $0.50 more than Lightspeed Trading which charges customers $4.50 per trade. With options, the base fees charged are $5 (TradeStation Securities) and $0 (Lightspeed Trading). TradeStation Securities's per contract rate of $0.50 is less than Lightspeed Trading which charges $0.60. 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. TradeStation Securities offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Lightspeed Trading offers Stock Trading, Options Trading and Futures Trading. When it comes to mutual funds, TradeStation Securities offers its clients access to 4951 different mutual funds while Lightspeed Trading has 0 available funds, a difference of 4,951. Commission free ETFs can also be a nice plus, which in this case means trading a possible 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both Lightspeed Trading and TradeStation Securities offer virtual trading. For mobile trading, Both Lightspeed Trading and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. 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 TradeStation Securities . On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while Lightspeed Trading came up with none of these.
Overall, TradeStation Securities takes the upper hand with 3.50 stars over Lightspeed Trading's 2.50 stars.