This comparison overview helps customers that have a hard time to choose in between Lightspeed and TradeStation to discover the most effective online broker for their trading and financial investment demands. It analyzes the main features of the two brokers alongside to assist individuals contrast their solution and make a notified choice.
To aid customers choose the ideal broker between Lightspeed and TradeStation to find the best-suited platform, below is a checklist of broker’s benefits and drawbacks, adhered to by a contrast of their primary trading features, consisting of trading systems & tools, fees, mobile trading, deposit & withdrawal, properties, regulation, and client assistance.
Lightspeed vs. TradeStation: Summary
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.
Tradestation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs.
Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).
Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO). Minimum deposit is $2000 and there are no monthly charges.
TradeStation’s customer support is available by phone, email and live chat in English and Arabic.
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
Pros
- Low minimum deposit ($0)
- 0% commission stock and ETF fees
- Extensive charting tools and features
- Fast and reliable order execution
- Trading automatisation capabilities
- Vast stock scanning tools
Cons
- Research and education section could be better
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
Key features
- $0 commission/stock trades(up to 15,000 shares)
- Vast market coverage(5,000 international stocks and ETFs)
- Fast and reliable order execution
- Great Fundamental Research and Analysis Tools
- Extensive Charting Tools and Features
- Access To Back-Testing and Automated Trading
Lightspeed vs. TradeStation Comparison
Select up to 3 Brokers
Lightspeed
TradeStation
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 6:1 | 1:4 |
| 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 | $50 per transaction | $35 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $25 if no trading in previous year | |
| Cost Per Trade | $4.50 | 0 |
| Cost Per Month | Yes, depending the platform | $4 |
| Forex (EUR/USD) | 0 | 0.6 pips |
| Stocks & ETF | $0.0045 per share | $0.007 per share |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | $0.60 per contract | $5 + £0.60 per contract |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10,000.00 | $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account) |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 4 markets | 5 markets |
| ETF & Funds | 4 markets | 2300 |
| Crypto | 0 | 11 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 8 markets | 10 Markets |
| Futures | 9 markets | 11 Markets |
| Bonds | 0 | 630 |
| 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 | 1 |
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
Lightspeed vs. TradeStation Comparison Conclusion
The outcomes of our comparison of Lightspeed vs. TradeStation are involved the table below.
| Broker: | Best For: |
| Lightspeed | Stocks, futures and options; High volume traders |
| TradeStation | Stock trading; Active traders |
Selecting the appropriate selection between Lightspeed and TradeStation can be tough. Both online brokers have resemblances however differ regarding trading instruments, platforms & apps, policy, deposit & withdrawals, and research study and education. Choosing the best broker relies on users’ trading & financial investment objectives, specific choices, 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.