Lightyear

Fees:

  • US Shares: 0.1% per order (max $1, min $0.10)
  • UK Shares: £1 per order
  • EU Shares: €1 per order
  • Currency Conversion: 0.35% using the live interbank exchange rate
  • Fast Deposit Transfer: 0.5% after a free £500 lifetime allowance
  • Money Market Funds (USD): 0.25% annually from monthly distributions
  • Free Services:
    • ETFs
    • Multi-currency accounts
    • Securities custody
    • Local bank transfers (in/out)
    • W8-BEN tax form
    • Money market funds (GBP & EUR)

Offer:

  • No Active Offer: Currently, there are no promotional offers available.

Trading Platforms:

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  • Access to Global Markets: Lightyear enables investments in ETFs across multiple currencies (EUR, GBP, USD) with no foreign exchange fees when investing in the same currency.
  • Transparent and Low-Cost Pricing: The platform emphasizes minimal fees for trading and foreign exchange services, making it a cost-effective option for investors.
  • Vault Feature for Flexible Savings: Lightyear offers a “Vault” feature with no deposit limits, allowing users to store funds flexibly while earning competitive interest rates.
Features
  • Investment Platform: Lightyear offers a streamlined investment platform focusing on low-cost trading.
  • Access to Global Markets: Provides access to ETFs priced in multiple currencies (EUR, GBP, USD) with no foreign exchange (FX) fees when investing in the same currency.
  • Competitive Interest Rates: Offers competitive interest rates for holding cash, based on central bank rates with a small administrative fee deducted.
  • Transparent Pricing: Emphasizes low-cost and transparent pricing, with minimal fees for trading and foreign exchange services.
  • User-Friendly Interface: The platform is designed for ease of use, offering simple navigation for users to make informed investment decisions.
  • Vault Feature: Allows users to store funds in “Vaults” without any deposit limits, providing flexible savings options.
Details

Lightyear is an innovative investment platform offering access to a wide range of stocks, ETFs, and money market funds. Users can earn interest on uninvested cash and benefit from low fees and competitive rates. Lightyear emphasizes user-friendly investing with no minimum or maximum limits and provides a secure, regulated environment for managing assets.

Pros
  • Low Costs: Offers some of the lowest trading fees in the market, including commission-free ETFs and low FX charges.
  • Interest on Cash: Users can earn competitive interest on cash holdings, with rates based on central bank rates.
  • No Deposit Limits: Users can add as much as they like to their Vaults, offering flexibility.
  • Transparency: Lightyear is clear about its fees, with no hidden charges or surprise costs.
  • Ease of Use: The platform is intuitive, with a simple and clean user interface.
Cons
  • Limited Product Range: The focus on ETFs and limited financial products may not appeal to more advanced traders seeking broader market access.
  • Foreign Exchange Fees: While there are no FX fees for same-currency investments, trading in other currencies incurs a small charge.
  • No Advanced Trading Tools: The platform focuses more on long-term investing and lacks advanced tools for day traders or technical analysts.
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Disclosure

The information provided on this page, including product details, fees, and features, is sourced from providers and may not always reflect the most current updates. We recommend verifying all information directly with the respective brokerage account provider before making any decisions.

SharesFX does not endorse or recommend specific financial products and is not responsible for any inaccuracies or omissions. Please note that the images, logos, and names associated with brokerage accounts are the intellectual property of their respective providers. SharesFx uses these materials solely for comparison purposes and does not claim ownership or intent to infringe on intellectual property rights.

Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.

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