Lightspeed Trading vs Charles Schwab

Lightspeed Financial vs Charles Schwab Comparison Table 2024
Lightspeed Financial Charles Schwab
4.2

Lightspeed Financial is #35 in our broker rankings.

2.8

Charles Schwab is #35 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Lightspeed Financial is a SEC-regulated broker specializing in intraday trading on US markets. Traders can access the full range of NYSE stocks plus futures and options via a wide selection of professional-grade trading platforms and discounts for loyal traders.

Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA.

Comment by Reviewer
"High-volume day traders will benefit from Lightspeed Financial's powerful tools and fast execution speeds. The broker stands out for its 15+ high-grade trading platforms." "Charles Schwab will serve long-term investors looking for managed accounts, financial advice and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading and no account minimums for individual brokerage accounts."
Pros
  • Huge selection of deep trading platforms and tools to choose from
  • Low fees and tight spreads for active day traders
  • Regulated by FINRA, the CFTC and the NFA
  • Risk-assessment software packages
  • Full access to NYSE stocks
  • Futures and options trading
  • Strong investment offerings covering stocks, mutual funds, options, bonds and cryptocurrency
  • Powerful trading software with real-time quotes, fundamental research and investment screeners
  • Responsive customer support team available 24/7 via live chat or telephone
  • Competitive trading fees with no commissions on stocks and ETFs
  • Fractional shares on the S&P 500 with a $5 minimum investment
  • Thematic investing categories and ESG compliant portfolios
  • Strong regulatory oversight from the US SEC and UK FCA
  • No account minimums for individual brokerage accounts
  • High-quality educational resources for new investors
Cons
  • Not suitable for beginners with a high minimum deposit of $10,000 / $25,000
  • Limited range of asset classes with no forex trading
  • Trading platforms are complex for novice traders
  • Margin trading limited to max 1:4
  • Only US markets available (except 12 foreign markets on the Global Account)
  • High minimum investment of $5000 to use robo-advisors
  • Limited funding methods with no e-wallets
  • No email support
Instruments
Equities, options, futures Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds
Demo Account
Yes Yes
Minimum Deposit
$10,000 $0
Trading Platforms
  • eSignal
  • Own
Payment Methods
Minimum Trade
Variable $1
Regulator
FINRA, NFA SEC, FINRA, FCA1
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
Stock Exchanges
Commodities
Cryptocurrency
Use Lightspeed Crypto to trade BTC, ETH, BCH, LTC and USDC in pairs with USD with low commissions. On the negative side, the choice of cryptocurrencies is limited vs alternatives like eToro. Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum.
Spread
Floating Floating
Coins
  • BTC
  • GBTC
  • BITW
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Lightspeed Financial
vs
Charles Schwab
vs