While sports fans gathered together on April 3rd to watch the thrilling conclusion of the match between the Gonzaga Bulldogs and the North Carolina Tar Heels, the financial world had its eyes on another matchup: OptionsHouse vs. Lightspeed Trading.
Options Insider hosted their own “Broker Madness” in the spirit of March Madness, which concluded last Friday. The event began with 16 online brokerage firms who competed in head-to-head matchups on social media to determine who was the top firm. Users voted for their favorite firms throughout the event to decide the winners. Just like the sporting event, there were plenty of exciting upsets in the world of online stock trading along the way.
The first match pitted us against Broker Madness newcomer Tradier. While Tradier offered low pricing, it couldn’t compete with the rates offered by Lightspeed Trading, especially for day traders who trade tens of thousands of options contracts per month. Lightspeed won the match in a landslide victory, taking 74% of the votes.
Described by Options Insider as a “slugfest,” round two put us head-to-head against last year’s victor, TradeKing. Our competitor boasted a robust set of tools to calculate options pricing and profitability, but it was no match for our powerful trading platform, Lightspeed Trader. Taking 64% of the votes, it was a decisive victory for Lightspeed Trading.
Round three was an exciting battle with industry giant E*TRADE. Not only does Lightspeed Trading offer lower commission prices, but our platform has more customization options to meet the needs of frequent traders. With a whopping 81% of the votes, the winner was unquestionably Lightspeed Trading.
For the final round, Lightspeed Trading squared off against a recent addition to the E*TRADE family, OptionsHouse. Both brokers cater to active traders and offer low rates, a dedicated trading platform, and a knowledgeable customer service team. But with their superior support team and availability of complex options trading on Lightspeed Trader, Lightspeed Trading edged out the competition once again with 71% of the votes to take home the big victory!
While we faced some fierce competitors along the way, Lightspeed Trading ultimately emerged victorious in Broker Madness, cementing its place as a broker offering the best in online stock trading. Thank you to everyone who supported us!
This article is provided for educational purposes only and is not considered to be a recommendation or endorsement of any trading strategy. The author is not affiliated with Lightspeed Trading and the content and perspective is solely attributed to the author.