Offering immediate access to a knowledgeable support network, cutting-edge platforms, independent third-party research, and powerful educational resources - all on top of a straightforward pricing structure - when you get down to it, there's no comparison between Lumentrades and our competitors.
As of August 7, 2018 | Lumentrades | E*TRADE | Schwab | Fidelity |
---|---|---|---|---|
Local representatives available 24/7 by phone and email | Yes | Yes | Yes | Yes |
Support via phone, email, online chat, social media, and at local branches | Yes | Yes | Yes | Yes |
Support Outside United States | Yes | No | No | No |
Support for Exchanges Outside United States | Yes | No | No | No |
Support Traders Outside United States | Yes | No | No | No |
Lumentrades | E*TRADE | Schwab | Fidelity | |
---|---|---|---|---|
Access to all trading platforms | Free | Requires 30 trades per quarter or platform fee | Free | Requires 36 trades per year |
Access to real-time streaming quotes | Free (for non-professionals) | Platform fee or conditions apply | Free (for non-professionals) | Free (for non-professionals) |
Access to Level II quotes | Free (for non-professionals) | Platform fee or conditions apply | Platform conditions apply | Free (for non-professionals) |
Qualified investors can use options and futures to manage risk within an IRA | No | No | No | No |
Charting packages with over 400 technical indicators, drawing tools | Yes | No | No | No |
Virtual, practice trading in historical and current markets | Yes (Demo Tradng) | No | No | No |
Ability to trade equities, complex options, futures, options on futures and forex trades via mobile | Yes (Lumentrades Mobile) | Yes (complex options) | No | No |
Access to CNBC and CNBC International | No | No | CNBC TV Only | No |
Speak with former floor traders with hundreds of years of combined trading experience | Yes | No | No | No |
Lumentrades | E*TRADE | Schwab | Fidelity | |
---|---|---|---|---|
Access to customized, interactive learning tools | Yes | No | No | No |
Lumentrades | E*TRADE | Schwab | Fidelity | |
---|---|---|---|---|
Online equity trades | $0.50 | $4.95 - $6.95 | $4.95 | $4.95 |
Minimum opening deposit | $1.999 | $500 | $1,000 | $0 |
Access to real-time streaming quotes | Free | Platform fee or conditions apply | Free | Free |
Access to Level II quotes | Free | Platform fee or conditions apply | Platform conditions apply | Free |
Lumentrades | E*TRADE | Schwab | Fidelity | |
---|---|---|---|---|
Number of commission-free ETFs | 1500+ | 149 | 226 | 265 |
Forex trading | Yes (150+ currency pairs) | Yes (56 currency pairs) | No | No |
Cryptocurrency trading | Yes (120+ crypto currency) | No | No | No |
Wide array of investment products including: | Yes (ETFs, bonds, mutual funds, cryptocurrency, and forex) | Yes (ETFs, stocks, mutual funds, bonds, options, futures, and forex) | Yes (ETFs, futures, bonds, forex, mutual funds, options, and options on futures) | Yes (ETFs, mutual funds, bonds, options, and stocks) |
Insurance of Capital | Yes (Insurance premium of 75% of invested Capital) | No | No | No |