This comparison overview assists individuals that struggle to choose in between eToro and Lightspeed to locate the best online broker for their trading and investment needs. It analyzes the highlights of both brokers side by side to help customers contrast their service and make an educated choice.
To aid users select the right broker between eToro and Lightspeed to discover the best-suited platform, below is a checklist of broker’s benefits and drawbacks, followed by a comparison of their main trading features, consisting of trading systems & tools, costs, mobile trading, deposit & withdrawal, possessions, regulation, and customer assistance.
eToro vs. Lightspeed: Summary
eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.
eToro charges 0% commission on stocks, and ETFs. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).
Their customer support is available through email and live chat in Arabic and English.
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 ($50)
- 0% commission stocks and ETF trading
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools 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
- Average trading fees
- Industry leading social/copy trading tool
- Easy buy/sell order types
- Crypto exchange & brokerage services
- Fast registration and KYC on-boarding process
- Multiple payment options
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
eToro vs. Lightspeed Comparison
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eToro
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Lightspeed
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 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 | $5 | $50 per transaction |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | $25 if no trading in previous year |
| Cost Per Trade | N/A | $4.50 |
| Cost Per Month | N/A | Yes, depending the platform |
| Forex (EUR/USD) | 1.1 pip | 0 |
| Stocks & ETF | 0 | $0.0045 per share |
| CFD (Gold) | 5 pip | 0 |
| Crypto | 0 | 0 |
| Options | 0 | $0.60 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $10,000.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 4 markets |
| ETF & Funds | 0 | 4 markets |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 8 markets |
| Futures | 0 | 9 markets |
| Bonds | 0 | 0 |
| Forex Instruments | 49 | 0 |
| CFD Indices & Funds | 250 | 0 |
| CFD Stocks | 2800 | 0 |
| CFD Commodities | 54 | 0 |
| CFD Crypto | 32 | 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
eToro vs. Lightspeed Comparison Conclusion
The results of our comparison of eToro vs. Lightspeed are wrapped up in the table listed below.
| Broker: | Best For: |
| eToro | Stocks and ETFs & Social Copy Trading |
| Lightspeed | Stocks, futures and options; High volume traders |
Selecting the ideal selection in between eToro and Lightspeed can be difficult. Both on the internet brokers have resemblances yet vary regarding trading instruments, systems & applications, law, deposit & withdrawals, and study and education and learning. Selecting the best broker depends upon customers’ trading & investment goals, individual preferences, and experience degree.
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.