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

Broker Name

Lightspeed

Lightspeed

VS
Oanda

Oanda

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Broker Overview

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

STP broker

Market maker

Years of Existence / Established Year

2005

1996

Customer Base / Number of Accounts

No information

50M


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Regulation & Security

Regulations (governing bodies)

FINRA, SEC

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

No major awards listed

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

SIPC

SIPC

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

68+ major currency pairs

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

No

Yes

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

Yes

Bonds

No

Yes

Mutual Funds

No

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

No

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

Oanda Mobile and Tablet apps

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

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$2,000

$0

Leverage Available

4:1 to 2:1

50:1

Trade Limit (maximum per trade)

Depends on asset class

Varies by instrument

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

Standard - $50/M Premium - $50/M Premium Plus - $40/M

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

Active traders, professionals, and institutional traders

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

Wire transfer, ACH, account transfer, Check

Bank Wire Transfer ACH Debit card

Withdrawal Methods

Wire transfer, ACH, account transfer,Check

Debit card Bank Wire transfer

Other E-Wallets Supported

No

No


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Tools & Educational Resources

Economic Calendar

No

Yes

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

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators


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Fees & Commissions

Trading-Related Fees

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

Spread starts from 0.0, commission- $30 per 1M

Spread (typical, fixed, variable)

NA

Typical

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

50:1


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Non-Trading Fees

Dormant Fees

$25 monthly minimum

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

$130

$0

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

Yes

Vary on instruments and change on a daily basis

Statement or Document Fee

$15 - $50 per month

$0

Account Opening Fee

$20

$0

Account Maintenance Fee

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

$0

Deposit Fee

$0

$0

Currency Conversion Fee

$10

0.50%

Withdrawal Fee

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

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

4 AM to 8 PM EST on weekdays only.

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7


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Customer Support

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

24/7

24x5

Customer Support Methods (phone, email, live chat)

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

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

1

4


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Additional Information

Headquarters Location

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

Dashwood House 64, Old Broad Street London EC2M 1QS

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.
Both Lightspeed and Oanda offer affordable fee structures, but Lightspeed generally edges out with no inactivity fees and lower commissions on standard trades, whereas Oanda shines with bundled research and platform access.
While Lightspeed prioritizes fast registration with minimal steps, Oanda focuses on a thorough vetting process that gives more flexibility in choosing account types and features.
While Lightspeed focuses on mobile-first design and clean user experience, Oanda includes features like in-depth charting, integrated news feeds, and strong desktop performance.
Lightspeed strength lies in high-performance trading, while Oanda provides a more accessible route for everyday investors.