Lightspeed Trading vs Charles Schwab

Lightspeed Financial vs Charles Schwab Comparison Table 2024
Lightspeed Financial	Charles Schwab
Review 4.2	Review 2.8

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
	ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer
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
New York Stock Exchange	Dow Jones Nasdaq S&P 500 Toronto Stock Exchange
Commodities
Gold Silver	Soybeans
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

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