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Robinhood vs Lightspeed : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Robinhood
Lightspeed
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP
STP broker
Years of Existence / Established Year
2013
2005
Customer Base / Number of Accounts
24.2 M
No information
Regulation & Security
Regulations (governing bodies)
FINRA,SIPC, SEC
FINRA, SEC
Awards Won (count for the last 2 years)
Future Trends Corporates Award -2024, Future Trends Leader Award- 2024
No major awards listed
Security Measures
SIPC, FDIC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
5000+ trading instruments
Commodity futures
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
No
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Mobile, web trading, Desktop trading
Light speed trader, Web and mobile trading, Speciality trading platform, Future trading platform, Risk management Software
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes except Mac, iOS, Android
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin, IRA, and cash account
Standard account- Individual, Joint, Retirement, Corporate, Trust, LLC, Institutional account- Prime brokerage, Separately Manged account, DVP, RVP,Cash and Margin account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$2,000
Leverage Available
2:1
4:1 to 2:1
Trade Limit (maximum per trade)
Depends on assets class
Depends on asset class
Commission (per account type)
$0
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
Best Suited For (e.g., beginners, experienced traders)
Beginners
Active traders, professionals, and institutional traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Instant bank transfer, Debit card, Wire transfer
Wire transfer, ACH, account transfer, Check
Withdrawal Methods
Instant bank transfer, Debit card, Standard bank transfer
Wire transfer, ACH, account transfer,Check
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
No
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learning Tutorials, Webinars, Market news and insights, Support and community
Trading Platform Tutorials, Market Insights and Analysis, Webinars and Online Events, Trading Education Resources, Market News and Research
Fees & Commissions
Trading-Related Fees
Exchange and regulatory fees: $55 per trade, with a maximum of $0.02, Margin fees: 5.75%
ETFs- $2, Share- $0.001, Future option fee- $1.29
Spread (typical, fixed, variable)
NA
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0.01
$0.20
Futures Contract Fees
NA
NA
Markup Fees on Spread
0.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
2:1
4:1
Non-Trading Fees
Dormant Fees
$0
$25 monthly minimum
Subscription Fees (for premium features, data feeds)
$5 per month
$130
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2 per month
$15 - $50 per month
Account Opening Fee
$0
$20
Account Maintenance Fee
$0
Maintenance fees will be billed weekly, based on the previous month's commissions
Deposit Fee
$0
$0
Currency Conversion Fee
0.03%
$10
Withdrawal Fee
Withdrawal : 1.75%, Bank transfers- 0, Outgoing wire transfer $25 Domestic overnight check delivery $20, ACATS, Outgoing $100
$20 fee for domestic wires and a $50 fee for international wires, Check standard time- free or overnight $30
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)
8 PM ET Sunday until 8 PM ET Friday
4 AM to 8 PM EST on weekdays only.
Customer Support
Support Hours (e.g., 24/7, weekdays only)
7 AM - 9 PM ET
24/7
Customer Support Methods (phone, email, live chat)
App chat 24/7 , Phone- 650-761-7789, Robinhood Crypto- 888-275-8523
E-mail: [email protected], Phone: 1-888-577-3123 , 1-646-393-4800, Schedule a call
Support Languages
1
1
Additional Information
Headquarters Location
Menlo Park, California , U.S.
Chicago office, 181 West Madison Street, Suite 2950, Chicago, IL 60602
Complaints (for crypto brokers)
No
No
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