This contrast guide aids individuals that struggle to pick in between Interactive Brokers and Lightspeed to find the most effective online broker for their trading and financial investment demands. It evaluates the highlights of the two brokers alongside to help users contrast their solution and make an informed decision.
To help customers select the right broker between Interactive Brokers and Lightspeed to locate the best-suited system, listed below is a listing of broker’s advantages and disadvantages, followed by a contrast of their major trading functions, consisting of trading platforms & devices, charges, mobile trading, deposit & withdrawal, possessions, regulation, and consumer assistance.
Interactive Brokers vs. Lightspeed: Summary
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
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)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
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
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
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
Interactive Brokers vs. Lightspeed Comparison
Select up to 3 Brokers
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Lightspeed
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 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 | 1% | 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) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 0 |
| Stocks & ETF | $ 0.005 per share | $0.0045 per share |
| CFD (Gold) | 0.02% | 0 |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | $0.60 per contract | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $10,000.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 4 markets |
| ETF & Funds | 35.000 | 4 markets |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 8 markets |
| Futures | 245 | 9 markets |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 0 |
| CFD Indices & Funds | 13 | 0 |
| CFD Stocks | 8.000 | 0 |
| CFD Commodities | 2 | 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
Interactive Brokers vs. Lightspeed Comparison Conclusion
The results of our comparison of Interactive Brokers vs. Lightspeed are involved the table listed below.
| Broker: | Best For: |
| Interactive Brokers | Stocks and ETFs |
| Lightspeed | Stocks, futures and options; High volume traders |
Selecting the ideal choice in between Interactive Brokers and Lightspeed can be hard. Both on the internet brokers have resemblances however vary concerning trading instruments, systems & apps, policy, down payment & withdrawals, and study and education and learning. Picking the very best broker relies on customers’ trading & investment objectives, private 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.