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Lightspeed Trading vs Webull

Lightspeed Financial vs Webull Comparison Table 2024
Lightspeed Financial Webull
Review
4.2
Review
4.4

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.

Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
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." "Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."
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
  • The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing
  • The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget
  • The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data
  • Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record
  • Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees
  • Alongside the investment account, the broker offers IRAs for those with long-term financial goals
  • The broker offers free stocks to newly registered 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
  • There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals
  • There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available
  • There’s only one platform on offer, with no additional third-party tools
Instruments
Equities, options, futures Forex, Stocks, ETFs, Cryptos, Options
Demo Account
Yes Yes
Minimum Deposit
$10,000 $0
Trading Platforms
  • eSignal
  • Desktop App
  • Web Terminal
Payment Methods
Minimum Trade
Variable 0.00001 (Fractional Share)
Regulator
FINRA, NFA SEC, FINRA, FCA
Margin Trading
No Yes
Margin Rate
5.49% - 9.49%
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 No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
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 No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
Stock Exchanges
Commodities
Forex Trading
Forex trading not offered Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash.
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.4
Assets
15+
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. Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee.
Spread
Floating Floating
Coins
  • BTC
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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