Best Centerpoint Securities Alternatives in October 2025

The post Best Centerpoint Securities Alternatives in October 2025 by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

CenterPoint Securities is a well-known brokerage firm, popular among active and professional traders for its powerful trading platforms and exceptional customer service. However, the specialized features and potentially higher costs associated with CenterPoint may not suit every trader’s needs or budget.

If you’re looking for alternative brokerage services, it’s worth considering other reputable companies that provide similar benefits but might better align with your trading preferences and goals. Lightspeed Trading and Interactive Brokers stand out as highly regarded alternatives. Explore other options below to help you find the best platform that meets your requirements and enhances your trading experience.

Quick Look at the Top Centerpoint Securities Alternatives:

• Best for active traders: Lightspeed Trading
• Best for global traders: Interactive Brokers
• Best for fund investing: Charles Schwab
• Best for desktop trading: E*TRADE
• Best for beginners: Robinhood
• Best for futures trading: TradeStation

6 Best Alternatives to Centerpoint Securities

We have gathered a comprehensive selection of some of our preferred alternatives to Centerpoint Securities.

1. Best for Active Traders: Lightspeed Trading

Best For

Active traders

Overall Rating

Read Review

Get started securely through Lightspeed Trading’s website

More Details

Best For

Active traders

N/A

1 Minute Review

Lightspeed Financial Services Group was first founded in the early 2000s and has since evolved to offer a wide variety of online (trading) opportunities. Lightspeed allows you to access advanced trading platforms such as their Lightspeed Trader platform as well as specialty and futures trading platforms at competitive prices. Lightspeed provides customizable software that focuses on risk management and fast execution speeds while optimizing control.

Best For

• Active traders
• High-Volume traders
• Short-Sellers
• Option traders

Pros

• Deep discounts for high-volume traders
• Fast & personal customer service
• Fast execution speeds
• Cutting-edge trading platform in Lightspeed Trader
• Robust inventory of locates on HTB stocks

Cons

• High minimum investment ($10,000)

Lightspeed Trading is an online brokerage firm that caters primarily to active traders and institutional clients. The firm is particularly known for its direct market access (DMA), which allows for faster execution speeds and a more streamlined trading experience.

Traders can customize their workspace with various trading tools, including Level II quotes, advanced charting options and real-time market data. The user interface is relatively intuitive, although new traders may need some time to familiarize themselves with its extensive features.

Fees: Stocks/ETFs as low as $0.001/share (min $0.25 trade) and options from $0.20/contract.

Why we picked it: Lightspeed Trading offers low commissions, advanced trading tools and access to multiple markets, including stocks, options and futures. The platform is known for its fast execution and user-friendly interface.

2. Best for Global Traders: Interactive Brokers

Best For

Active and Global Traders

Overall Rating

Read Review

get started securely through Interactive Brokers’s website

More Details

Best For

Active and Global Traders

N/A

1 Minute Review

Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For

• Access to international markets
• Active traders
• Detailed mobile app that makes trading simple
• Wide range of available account types and tradeable assets

Pros

• IB SmartRouting provides significant price improvement vs. industry
• Fractional trading allows investing regardless of share price
• Industry’s lowest margin rates
• Earn more by lending your fuly-paid shares

Cons

• Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Interactive Brokers is a trading platform that offers low commission fees, a wide range of investment products and advanced trading tools. The platform offers access to multiple markets, including stocks, options, futures and forex.

Its proprietary platform, Trader Workstation (TWS), is packed with advanced trading tools, sophisticated charting capabilities and a plethora of research resources. Although the platform may present a steep learning curve for novice traders, those who are more experienced will find it invaluable for executing complex trades and strategies.

The mobile app is also robust, allowing users to trade efficiently on-the-go, which is increasingly important in today’s fast-paced trading environment.

Fees: $0 stock/ETF trades (IBKR Lite) and $0.65 per options contract.

Why we picked it: Interactive Brokers stands out as a top choice for sophisticated investors and traders looking for low-cost, high-quality trading options.

3. Best for Fund Investing: Charles Schwab

Best For

Forex and Investing App

Pairs Offered

N/A

get started securely through thinkorswim’s website

More Details

Account Minimum

N/A

Pairs Offered

N/A

1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For

• Novice investors
• Retirement savers
• Day traders

Pros

• World-class trading platforms
• Detailed research reports and Education Center
• Assets ranging from stocks and ETFs to derivatives like futures and options

Cons

• Thinkorswim can be overwhelming to inexperienced traders
• Derivatives trading more costly than some competitors
• Expensive margin rates

Charles Schwab is a trading platform that offers low commissions and access to a wide range of investment products, including stocks, bonds, options and mutual funds. The platform also offers a range of advanced trading tools, making it a great option for experienced traders.

One of the standout features of Charles Schwab is its commission-free trading platform. Investors looking for low-cost options will appreciate that Schwab has eliminated trading commissions for stocks and ETFs, making it more affordable for individuals to build their investment portfolios. Moreover, Schwab’s robust trading tools and educational resources empower users to make informed investment decisions.

Fees: $0 for stocks/ETFs and $0.65 per options contract.

Why we picked it: The combination of diverse investment options, commission-free trading and a wealth of educational resources makes Charles Schwab a top choice for anyone looking to take charge of their financial future.

4. Best for Desktop Trading: E*TRADE

Best For

Desktop Trading

Overall Rating

Read Review

get started securely through eTrade’s website

More Details

Best For

Desktop Trading

N/A

1 Minute Review

E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.

Best For

• Active traders
• Derivatives traders
• Retirement savers

Pros

• Sophisticated trading platforms
• Wide range of tradable assets
• Exceptional customer service

Cons

• Limited currency trading
• Higher margin rates than competitors
• No paper trading on its standard platform

E*TRADE is one of the leading online brokerage platforms offering a comprehensive range of investment products. Users can trade stocks, options, mutual funds, ETF and bonds, providing a diverse array of opportunities for wealth building.

E*TRADE has a user-friendly interface, designed to cater to both new investors and seasoned traders. The platform’s intuitive layout allows users to navigate through a range of investment options, research tools and educational resources without feeling overwhelmed. The streamlined design ensures that users can quickly access your portfolios, execute trades and monitor market conditions.

For those interested in commission-free trading, E*TRADE’s pricing structure is particularly appealing. The platform does not charge commissions for online stock and ETF trades.

Fees: $0 commission for stocks/ETFs; $0.65 per options contract (drops to $0.50/contract with 30+ trades/quarter).

Why we picked it: With its user-friendly interface, extensive educational content, mobile app and competitive pricing, E*TRADE positions itself as a solid choice for anyone looking to manage their investments efficiently. 

5. Best for Beginners: Robinhood

Best For

Commission-Free Mobile Trading

Overall Rating

Read Review

get started securely through Robinhood’s website

More Details

Best For

Commission-Free Mobile Trading

N/A

1 Minute Review

Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For

• Beginners looking for simplicity
• Mobile-first investors
• Commission-free trades

Pros

• User-friendly mobile app
• Instant double
• Cash management
• Access to cryptocurrencies

Cons

• Limited research tools
• No mutual funds available
• Basic customer support options

Robinhood is a trading platform that offers commission-free trading on stocks, options and cryptocurrencies.

One of the most significant perks of using Robinhood is its simplicity. The application is designed for ease of use, featuring a clean layout that allows users to quickly navigate through various options, from stocks and ETFs to cryptocurrencies.

Additionally, the app offers educational resources that help users understand the basics of investing, which can contribute greatly to their investment decisions.

Fees: $0 commissions on stocks/ETFs and no per-contract fees on stock/ETF options.

Why we picked it: Robinhood has been a game-changer in making stock trading accessible to a broader audience with its user-friendly design, commission-free trades and innovative features.

6. Best for Futures Trading: TradeStation

Best For

Futures Trading

Overall Rating

Read Review

get started securely through TradeStation’s website

More Details

Best For

Futures Trading

N/A

1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For

• Advanced traders
• Options and futures traders
• Active stock traders

Pros

• Comprehensive trading platform and professional-grade tools
• Wide range of tradable securities
• Fully-operational mobile app

Cons

• Confusing pricing structure to leave new traders with a weak understanding of what they pay
• Cluttered layout to make navigating TradeStation’s platform more difficult than it should be

TradeStation is a prominent online brokerage platform that is particularly well-regarded for its robust trading technology and comprehensive tools suited for active traders and investors.

TradeStation has is its proprietary trading platform, which offers a high degree of customization. Users can create their own trading strategies and backtest them using historical data. This feature is particularly beneficial for algorithmic traders or those who want to develop automated trading systems.

Additionally, TradeStation’s EasyLanguage programming language allows users to design custom indicators and strategies with relative ease, which enhances the trading experience for those who are more technically inclined.

Fees: Stocks/ETFs commission-free and standard options contract fees (varies).

Why we picked it: TradeStation’s feature-rich platform that stands out in the crowded online brokerage space, particularly for those who prioritize trading technology and educational resources.

Final Thoughts on the Best Centerpoint Securities Alternative

Centerpoint Securities is a great platform for active traders and hedge funds, but other possible alternatives exist. Each platform has its pros and cons, so it is important to evaluate your trading needs and preferences before making a decision. Whether you are a beginner or an experienced trader, a platform out there will meet your needs.

Frequently Asked Questions

The post Best Centerpoint Securities Alternatives in October 2025 by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.