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Lightspeed vs Webull : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Lightspeed
Webull
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Self-directed retail brokerage platform
Years of Existence / Established Year
2005
2017
Customer Base / Number of Accounts
No information
20 Million
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
SEC, FINRA
Awards Won (count for the last 2 years)
No major awards listed
2024 Global Private Banking Awards
Security Measures
SIPC
SIPC, FIDC, Apex Clearing Corp upto $150 million
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Commodity futures
3,300 ETFs including OTC, Margin, Index options, US treasuries bonds
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
No
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
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
Desktop, Web, and Mobile apps
Platform Compatibility (Windows, Mac, iOS, Android)
Yes except Mac, iOS, Android
Yes
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
Individual, IRA, Futures, Advisor, Entity
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$2,000
$0
Leverage Available
4:1 to 2:1
4:1 to 2:1
Trade Limit (maximum per trade)
Depends on asset class
Unlimited number of day trades
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, Active and passive investor
Deposit & Withdrawal Options
Deposit Methods
Wire transfer, ACH, account transfer, Check
Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit
Withdrawal Methods
Wire transfer, ACH, account transfer,Check
ACH withdrawals
Other E-Wallets Supported
No
No
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
Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research
Fees & Commissions
Trading-Related Fees
ETFs- $2, Share- $0.001, Future option fee- $1.29
Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume
Spread (typical, fixed, variable)
NA
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.20
$0.10 per contract
Futures Contract Fees
NA
$1.50
Markup Fees on Spread
NA
1.50%
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
4:1
Non-Trading Fees
Dormant Fees
$25 monthly minimum
$0
Subscription Fees (for premium features, data feeds)
$130
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
$15 - $50 per month
$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing
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
$8 for deposits in the U.S., $12.5 for international deposits
Currency Conversion Fee
$10
$10
Withdrawal Fee
$20 fee for domestic wires and a $50 fee for international wires, Check standard time- free or overnight $30
$25 for withdrawals in the U.S, and $45 for international withdrawals
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
4 AM to 8 PM EST on weekdays only.
Pre-market trading from 4:00 AM to 9:30 AM EST
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/7
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], Phone: 1-888-577-3123 , 1-646-393-4800, Schedule a call
E-mail: [email protected], call :1-888-828-0618, in app chat
Support Languages
1
15+
Additional Information
Headquarters Location
Chicago office, 181 West Madison Street, Suite 2950, Chicago, IL 60602
44 Wall Street, New York City
Complaints (for crypto brokers)
No
No
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