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 TradeStation Securities 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. TradeStation Securities, with its regular stock trades costing $5.00, is more expensive than Lightspeed Trading's rate of $4.50 per trade. Looking at trading options, Lightspeed Trading's base fee is $0 while TradeStation Securities's is $5. Option contracts are pricier at Lightspeed Trading, costing $0.60 versus $0.50 at TradeStation Securities. 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. TradeStation Securities supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Lightspeed Trading supports Stock Trading, Options Trading and Futures Trading. As far as mutual funds go, TradeStation Securities boasts an offering of 4951 mutual funds compared to Lightspeed Trading's 0 available funds. And, commission free ETFs deserve a comparison, which in this case means trading a possible 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 alongside TradeStation Securities offer virtual trading. For mobile trading, Lightspeed Trading along with TradeStation Securities both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Lightspeed Trading or TradeStation Securities . All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities posted awards Best in Class - Platforms & Tools in 2018, while Lightspeed Trading found itself with none of these.
Overall, TradeStation Securities comes out on top with 4.00 stars over Lightspeed Trading's 3.00 stars.