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Webull vs Lightspeed 2021

Is Lightspeed better than Webull? After testing 11 of the best online brokers over three months, Webull (65.17%) is better than Lightspeed (61.3%). Webull offers a unique community experience and easy to use trading platforms that will satisfy most young investors. However, for everyday investing, Webull lacks the trading tools and features to compete with industry leaders who also offer $0 stock and ETF trades.


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Overall Rating

Feature Webull Lightspeed
Overall 3.5 3
Commissions & Fees 4.5 2.5
Offering of Investments 2.5 3
Platforms & Tools 3 3
Mobile Trading 4 3
Research 2.5 2
Education 1.5 3
Ease of Use 5 3
Webull Review Lightspeed Review
Winner check_circle

Trading Fees

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

Margin Rates

Feature Webull Lightspeed
Under $24,999.99 6.99% 7.50%
$25,000.00 to $49,999.99 6.49% 7.50%
$50,000.00 to $99,999.99 6.49% 6.50%
$100,000.00 to $249,999.99 5.99% 6.50%
$250,000.00 to $499,999.99 5.49% 5.75%
$500,000.00 to $999,999.99 4.99% 5.25%
Above $1,000,000.00 4.99% 5.00%

Account Fees

Feature Webull 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 Webull Lightspeed
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
No Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No No
Crypto Trading
Yes No
Crypto Trading - Total Coins
11 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 Webull 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
Yes Yes
Order Type - Broker Assisted
No Yes

Beginners

Feature Webull Lightspeed
Education (Stocks)
No 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)
0 1
Webinars (Archived)
No Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature Webull 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
Yes Yes
Order Ticket RT Quotes
Yes Yes
Order Ticket SRT Quotes
Yes Yes

Stock App Features

Feature Webull Lightspeed
Market Movers (Top Gainers)
Yes Yes
Stream Live TV
No No
Videos on Demand
No No
Stock Alerts
Yes 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 Webull Lightspeed
Charting - After-Hours
Yes No
Charting - Can Turn Horizontally
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Technical Studies
50 0
Charting - Study Customizations
Yes No
Charting - Stock Comparisons
Yes No

Trading Platforms

Feature Webull Lightspeed
Desktop Trading Platform
Yes Yes
Web Trading Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
35 141

Stock Chart Features

Feature Webull Lightspeed
Charting - Adjust Trades on Chart
No Yes
Charting - Indicators / Studies
52 20
Charting - Drawing Tools
14 8
Charting - Notes
No No
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes No
Charting - Custom Date Range
No No
Charting - Custom Time Bars
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
No Yes
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
2 4
Charting - Custom Studies
Yes No

Day Trading

Feature Webull Lightspeed
Streaming Time & Sales
No Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Ladder Trading
No 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
No Yes
Order Liquidity Rebates
No Yes

Research Overview

Feature Webull Lightspeed
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Bonds
No No
Screener - Stocks
Yes 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
Yes No

Stock Research

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

ETF Research

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

Mutual Fund Research

Feature Webull 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
Yes No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature Webull Lightspeed
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
No No
Option Chains - Streaming
No Yes
Option Chains - Total Columns
21 60
Option Chains - Greeks
5 5
Option Positions - Greeks Streaming
No Yes
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No Yes
Option Positions - Grouping
No Yes

Banking

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

Overall

Feature Webull Lightspeed
Overall 3.5 3
Commissions & Fees 4.5 2.5
Offering of Investments 2.5 3
Platforms & Tools 3 3
Mobile Trading 4 3
Research 2.5 2
Education 1.5 3
Ease of Use 5 3
Webull Review Lightspeed Review
Winner check_circle

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 Webull.

Is Lightspeed or Webull better for beginners?
Webull is better for beginner investors than Lightspeed. Webull offers investors access to Paper Trading.

What about Lightspeed vs Webull pricing?
Lightspeed charges more than Webull for placing regular stock trades ($4.50 and $0, respectively). With options, the base fee is $0 for both Lightspeed and Webull. Each option contract then costs $0.60 at Lightspeed and $0 at Webull. For a complete commissions summary, see our best discount brokers guide.

Does Lightspeed or Webull offer a wider range of investment options?
Webull offers a more diverse selection of investment options than Lightspeed. Webull offers investors access to Stock Trading, Fractional Shares and Options Trading. Looking at Mutual Funds, both brokers offer the same number of mutual funds, 0.

Which trading platform is better: Lightspeed or Webull?
To compare the trading platforms of both Lightspeed and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Webull offers a better experience. With research, Webull offers superior market research. Finally, we found Webull 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 Webull as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.

Overall winner: Webull

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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.

*Webull Disclaimer View Disclaimer.

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