This comparison guide aids customers who battle to choose between Charles Schwab and Lightspeed to find the most effective online broker for their trading and investment demands. It assesses the main features of the two brokers alongside to assist customers compare their solution and make an educated choice.
To help users choose the right broker in between Charles Schwab and Lightspeed to find the best-suited platform, below is a checklist of broker’s advantages and disadvantages, complied with by a comparison of their major trading attributes, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, possessions, law, and customer support.
Charles Schwab vs. Lightspeed: Summary
Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.
Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.
Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.
Charles Schwab’s customer support is available by phone, email and live chat 24/7.
Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.
Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.
Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.
Pros
- Low minimum deposit ($0)
- $0 commission stock, ETF and mutual funds
- Excellent research tools and education materials
- Responsive customer support with 24/7 access
- Fast & reliable trade execution
Cons
- Limited beginner features
- Expensive managed accounts and financial advice
Pros
- Great choice of different trading platforms
- Wide range of stocks, options and features
- Responsive customer support
- Competitive pricing on higher volume
Cons
- High minimum deposit requirement
Key features
- $0 commission stock and ETF trading
- Access to over 3,000 US stocks
- Multiple advanced order types
- In-house reports from Morningstar and Credit Suisse
- Google Assistant Integration
- Robo-advisor and financial advisors available
Key features
- Access to over 10,000 different stocks, ETFs, options, and futures
- Trading fee discounts for active stock and ETF traders
- Broad range of risk management tools and third-party software
- Extensive education section with live webinars, trading courses, and and blog
- Level 2 order book information and dynamic charting features
- Fast order routing
Charles Schwab vs. Lightspeed Comparison
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Charles Schwab
Lightspeed
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 2:1 | 6:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | $50 per transaction |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $25 if no trading in previous year |
| Cost Per Trade | 0 | $4.50 |
| Cost Per Month | 0 | Yes, depending the platform |
| Forex (EUR/USD) | 0 | 0 |
| Stocks & ETF | 0 | $0.0045 per share |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | US$0.65 per options contract | $0.60 per contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $25.000 | $10,000.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 11.438 | 4 markets |
| ETF & Funds | 2.600 | 4 markets |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 8 exchanges | 8 markets |
| Futures | 8 exchanges | 9 markets |
| Bonds | 36.000 | 0 |
| Forex Instruments | 0 | 0 |
| CFD Indices & Funds | 0 | 0 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 0 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Charles Schwab vs. Lightspeed Comparison Conclusion
The results of our comparison of Charles Schwab vs. Lightspeed are wrapped up in the table below.
| Broker: | Best For: |
| Charles Schwab | Stocks and ETFs |
| Lightspeed | Stocks, futures and options; High volume traders |
Choosing the best option between Charles Schwab and Lightspeed can be hard. Both online brokers have similarities but vary regarding trading instruments, platforms & apps, guideline, deposit & withdrawals, and research and education and learning. Picking the most effective broker relies on customers’ trading & investment objectives, specific preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.