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, 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. Each option contract then costs $0.60 at Lightspeed Trading and $0.50 at TradeStation Securities. 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, Lightspeed Trading trails TradeStation Securities by 4,951 total mutual funds, with TradeStation Securities offering 4951 and Lightspeed Trading offering 0. Commission free ETFs can also be a nice plus, which is a wash in this comparison as both Lightspeed Trading and TradeStation Securities offer 0 commission free ETFs.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Lightspeed Trading alongside TradeStation Securities offer virtual trading. For mobile trading, Lightspeed Trading and TradeStation Securities both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Lightspeed Trading and TradeStation Securities as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. 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 4.00 stars over Lightspeed Trading's 3.00 stars.