TradingCritique

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Lightspeed vs Freetrade : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Lightspeed

Lightspeed

VS
Freetrade

Freetrade

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

STP broker

Years of Existence / Established Year

2005

2016

Customer Base / Number of Accounts

No information

1.5 M


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Regulation & Security

Regulations (governing bodies)

FINRA, SEC

FCA

Awards Won (count for the last 2 years)

No major awards listed

Best Online trading platform 2024

Security Measures

SIPC

Yes

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

No

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Commodity futures

6200+ U.S Treasury Bills, Investment trust

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

No

No

CFDs

No

No

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

No

Futures

Yes

No

Bonds

No

No

Mutual Funds

No

No

Fractional Shares

No

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

No

Yes

Equities

Yes

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Light speed trader, Web and mobile trading, Speciality trading platform, Future trading platform, Risk management Software

Freetrade web and mobile trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes except Mac, iOS, Android

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard account- Individual, Joint, Retirement, Corporate, Trust, LLC, Institutional account- Prime brokerage, Separately Manged account, DVP, RVP,Cash and Margin account

General investment account, Stocks and shares ISA, Personal pension account

Demo Account (Yes/No)

Yes

No

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$2,000

$0

Leverage Available

4:1 to 2:1

100:1

Trade Limit (maximum per trade)

Depends on asset class

depends on asset class

Commission (per account type)

Accounts under $15,000: $25 monthly fee, Lightspeed Trader and Sterling Trader Pro: $0.50 minimum per order, Eze EMS (formerly RealTick): $3.00 minimum commission, Lightspeed Web & Mobile: $1 minimum commission

$0

Best Suited For (e.g., beginners, experienced traders)

Active traders, professionals, and institutional traders

Beginners to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Wire transfer, ACH, account transfer, Check

Bank transfer, debit card, Apple pay, google pay

Withdrawal Methods

Wire transfer, ACH, account transfer,Check

Linked bank account

Other E-Wallets Supported

No

Apple pay , google pay


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Tools & Educational Resources

Economic Calendar

No

No

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Trading Platform Tutorials, Market Insights and Analysis, Webinars and Online Events, Trading Education Resources, Market News and Research

Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum


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Fees & Commissions

Trading-Related Fees

ETFs- $2, Share- $0.001, Future option fee- $1.29

FX fee of 0.59%

Spread (typical, fixed, variable)

NA

Variable

Per Lot Fees

NA

NA

Options Contract Fees

$0.20

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

4:1

100:1


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Non-Trading Fees

Dormant Fees

$25 monthly minimum

$0

Subscription Fees (for premium features, data feeds)

$130

$0

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

Yes

NA

Statement or Document Fee

$15 - $50 per month

NA

Account Opening Fee

$20

NA

Account Maintenance Fee

Maintenance fees will be billed weekly, based on the previous month's commissions

£10.97

Deposit Fee

$0

£5

Currency Conversion Fee

$10

Exchange rate + 0.99%

Withdrawal Fee

$20 fee for domestic wires and a $50 fee for international wires, Check standard time- free or overnight $30

£5


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

4 AM to 8 PM EST on weekdays only.

Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24/5

Customer Support Methods (phone, email, live chat)

E-mail: [email protected], Phone: 1-888-577-3123 , 1-646-393-4800, Schedule a call

Help hub, community forum, E-mail, Social media

Support Languages

1

1


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Additional Information

Headquarters Location

Chicago office, 181 West Madison Street, Suite 2950, Chicago, IL 60602

Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Lightspeed is known for competitive pricing on basic trades, especially for beginners. However, Freetrade fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
If speed and simplicity matter to you, Lightspeed delivers a streamlined account setup. In contrast, Freetrade includes more documentation and KYC checks, which can delay access but ensures strong compliance.
Lightspeed platform is great for fast-paced day trading, especially with features like one-click trading. Freetrade platform, by comparison, is built for strategy testing and long-term portfolio management.
If you're after professional-grade platforms, Lightspeed may be ideal. For casual investors, Freetrade offers a low-barrier entry.