Investing involves risk of loss
Raimon Moreno
Asset 1Last Update: March 7, 2024

Backed by the famous entrepreneur Richard Branson, Lightyear is a new online brokerage that has been growing a lot in Europe. It has a slick and modern app, a good range of products to invest – mostly stocks, ETFs, and interest -, very low fees, and one of the highest interest rates on uninvested cash in Europe!

All in all, it looks like a great alternative for beginner investors who want to buy-and-hold, or benefit from the interest offered.

On the downside, it lacks some products that professional investors might value, such as options trading, bonds, and crypto.

Want to know more about Lightyear? Keep reading, we’ve got you covered!

Lightyear Overview

As we mentioned in the introduction to this article, although it is a new platform, lots of investors are interested in the Lightyear trading platform. Lightyear has a website and app that are perfect for investing in its more than 3,000 stocks, ETFs and money market funds. Best of all, every month the platform is adding new products, so you can add new investments to your portfolio.

Another aspect to highlight of this platform is that the costs are low, if we compare them with other competitors (especially if we do it with the big companies in this market).

On the other hand, if you have funds in EUR, USD or GBP that you do not use in the Lightyear investment platform, you can make money with them. At the time of writing, in February 2024, the interest rate you can earn on your unused money is:

  • Up to 4.50% if you have USD or GBP.
  • Up to 3.25% if you have EUR.

Below is a table where you will find all the general information about Lightyear:

Country of regulation UK and Estonia
US stocks fee 0.1%, max $1 per trade
EU stocks fee €1
UK stocks fee £1
ETFs fees Free (other fees may apply)
Market money funds From 0.09% to 0.3%
Inactivity fee No
Deposit fee $0 (0.5% after the €500 / HUF 200,000 limit for debit card, Apple Pay and Google Pay payments is reached)
Withdrawal fee No
Minimum deposit $0/€0/£0
Available base currencies USD, EUR, GBP, HUF
FX fees 0.35%
Demo account No
Products offered Stocks, ETFs, money market funds, interest on uninvested cash

Pros and cons

After doing extensive research on Lightyear, here are its strengths and weaknesses:


  • The user experience on the platform is very good.
  • Lightyear app is a perfect way to invest easily and quickly from your phone.
  • Very low fees compared to competitors.
  • You can invest in US fractional stocks.
  • All stocks have in-depth analysis and expert analysis.
  • Interest can be earned on unused funds.
  • Transparency in the fees charged
  • Backed by reputable investors such as Richard Branson


  • No advanced features for more experienced investors.
  • The offer is not very large compared to other platforms. For instance, other brokers also have CFDs, crypto, commodities or options.
  • No FSCS protection.
  • There is no demo account.


One aspect we like about Lightyear is that it is transparent with the fees it charges. Also, these are some of the lowest on the market at the moment. And, if you don’t have the currencies that the platform accepts (USD, EUR, GBP, HUF), the currency conversion fee is 0.35%.

Another aspect we would like to mention is that there are no deposit and withdrawal fees when investing in ETFs.

Also, as far as the minimum deposit is concerned, it is non-existent. This is very positive, as similar platforms tend to ask for large amounts to get started (1,000 € or more), which means that many potential investors do not end up using the broker.

All in all, Lightyear is one of the cheapest stock trading platforms on the market, which may appeal to beginner investors. In addition, if you have unused funds, you can get interest on them, which is not very common on most platforms in the industry. Below is a table showing Lightyear’s main costs:

Monthly platform fees No
US stocks fee 0.1%, max $1 per trade
EU stocks fee €1
UK stocks fee £1
ETFs fees Free (other fees may apply)
Market money funds From 0.09% to 0.3%
Inactivity fee No
Deposit fee $0 (0.5% after the €500 / HUF 200,000 limit for debit card, Apple Pay and Google Pay payments is reached
Withdrawal fee No
FX fees 0.35%

Range of Products

The platform has several products to invest in. Although their offer is not one of the largest at the moment, it is true that they are constantly adding new products, so their portfolio is getting bigger and bigger, with more Lightyear trading options. Below, we explain the products offered:


Lightyear has more than 3,000 shares of companies from countries such as the USA, the European Union and the UK. They are expanding their offer, and it is now possible to invest in stocks of Chinese companies such as Alibaba, Baidu or HSBC. Also, you can invest in stocks from Canadian companies.

Whenever you are looking for a stock, there is plenty of information to help you make a well-informed decision before investing like news, price history or the performance of the company. In addition, there is also expert analysis.

US stocks 3000+ from NASDAQ and NYSE
EU stocks 100+ mainly from Germany, France Belgium and the Netherlands
UK stocks 50+
Asia stocks 40+
Canada stocks 100+

Fractional stocks

The platform also gives you the possibility to buy fractional shares of US companies, which is ideal for expensive stocks. For example, at the time of writing, Amazon shares are worth more than $160. If you only invest $50, you can get a portion of that.


ETFs (exchange-traded funds) are a collection of many investments that are bundled together in one place, making the investment more accessible than if you had to buy each one separately. This is why it is such a popular product.

There are currently more than 200 ETFs on Lightyear. For example, you can invest in FTSE 100 ETFs or S&P 500 ETFs, but there are also thematic ETFs, such as technology companies.

ETFs 200+ worldwide

Money market funds

You can invest in money market funds. These allow you to invest in large short-term government and institutional bond baskets. The fees are ranging from 0.09% to 0.3%. The best thing is that you don’t need a lot of money to invest, so it’s a perfect product for beginners.

Money market funds specialize in investing in highly liquid short-term debt instruments, prioritizing a high level of liquidity. Unlike ETFs, which are actively traded on the stock exchange, money market funds follow a different rhythm and trade once a day. Lightyear aims to make this low cost investment option easily accessible to everyone, regardless of the level of investment experience. 

Up to 4.50% interest on your funds

All unused funds in GBP or USD in your account can earn up to 4.50% interest per year, and up to 3.25% if your funds are in EUR. This means that your unused money will not lose value, because you can earn interest on it.

USD 4.50%
GBP 4.50%
EUR 3.25%
HUF 4%

lightyear interest

Lightyear trading platforms

One of the great advantages of the Lightyear investment platform is that it offers the possibility to invest from the web and the mobile application. Let’s take a closer look at the experience on both in more detail below.

Lightyear app review

What becomes clear once you open the Lightyear app is the platform’s commitment to it. We won’t fool you if we say that this is one of the best apps on the market. The user interface is very good, and the information is presented in a way that does not overwhelm, which is always very important.

For example, on the explore page, you can easily see the search bar, which is the tool you should use to search for stocks or any product you want to invest in.

lightyear app

On this page you also have information about the latest stock news, the most popular stock and ETF selection of the week or a thematic list of stocks and ETFs in case you are interested in investing in them.

The portfolio page shows a graph with the current value of your portfolio. On this there is a breakdown of your investments, plus the cash (unused money you have on the platform) and the interest you are earning. Best of all, the information is displayed in a very intuitive way.

Each stock of a company you are looking for is presented with a lot of information, such as its market capitalisation, earnings, expert analysis, analyst ratings, price history, and whether it pays dividends.

lightyear app review

For all the information it offers, at first glance it doesn’t bother you, as they take great care in the presentation, making it easy to navigate through it. Some brokerage applications can become too much with all the information displayed on small screens. However, the Lightyear app feels completely different, as it is presented in a way that does not overwhelm the screen.

Each stock page has a “Buy” button that is clearly displayed at the bottom of the screen. When you click, you can indicate either the number of shares you want to buy or the amount of money you want to invest (remember that in the case of the US there are fractional stocks). On the buy page you have functions such as:

  • Market order: you buy the stock at the best available price when the market opens:
  • Repeat order: you can set up a recurring purchase of stocks you are interested in.
  • Limit order: you automatically buy a stock when it reaches the price you decided earlier.
  • Stop order: you set the price of a stock and, when it reaches this price, you can automatically sell or buy it.

All in all, the Lightyear app is very intuitive and easy to use, which makes it perfect for beginner investors. The only thing we might miss is a bit more advanced tools, although we don’t rule out the possibility that the platform will include them in the future. 

Lightyear trading web

As mentioned, Lightyear has a great Lightyear app. However, they are putting a lot of effort into the platform offered on the website. It is currently in beta.

For example, from the website, you can select the assets you are most interested in tracking, or in the activity section you can find an extract of the transactions you have.

On the right-hand side, there is a column showing the most viewed assets on the Lightyear trading platform. If you go to the bottom of the page, you will find the Top Stories, where you will find all the most interesting articles and videos from the world of finance.

lightyear platform

To search for stocks and other products, you will see a search bar on the top right-hand side. It’s very easy to see it. When you select an asset, you will find very detailed information about it. So you can always invest from a well-informed position.

When it comes to investing, the orders you have are the same as in the Lightyear app (for reference, see the Lightyear app review section). In conclusion, although it is still under development, we believe that the platform is very intuitive and easy to use. If this is your first time using such a platform, you will find that you will have no problems investing.

Lightyear safety

One of the questions that many investors ask before using a broker is about safety. Especially if you are new to this world.

Lightyear Europe is directly regulated by the Estonian Financial Supervision Authority (EFSA).

There is indirect regulation in the UK. Lightyear Financial Ltd is an appointed representative of RiskSave Technologies Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA).

All Lightyear customers have their assets covered up to the amount of €20,000 by the Estonian Investor Protection Sectorial Fund.

Investing in US stocks with Lightyear is done through its US partner, Alpaca Trading. In the unlikely event Alpaca fails, your US stocks will be protected up to $500,000 by the US Securities Investor Protection Corporation (SIPC).

In terms of its track record, because the company is relatively new there has not been enough time to see how resilient it is to negative events.

In addition, Lightyear is a private company (not publicly traded). This means it is not required to disclose all information about the company, something that other listed brokers are required to do.

One advantage is that users’ assets are kept segregated, which provides extra security. For example, if the company faces bankruptcy, investors will still be able to access its assets.

Countries accepted by Lightyear

Being regulated by Estonia, Lightyear operates in a total of 22 countries, 21 of which are in the European Union and the other is the United Kingdom. The company is working to offer its platform to other countries around the world.

lightyear countries accepted

How to open a Lightyear account

Next, we are going to explain how you can open an account on the Lightyear investment platform through their website.

Step 1 – Go to Lightyear

Go to the broker’s website via this link.

lightyear sign up

Step 2 – Sign up

Next, click on “Sign Up” to register. You will be prompted for an email address and password. On the next screen, after confirming your email address, you will be asked to enter your phone number to send you a 4-digit code.

After confirmation, you need to fill in personal information such as your name, date of birth, address, nationality and email address. It is also necessary to provide your details of your main source of income.

You will then need to verify your identity by presenting your ID card and a selfie.

Step 3 – Make a deposit

Once your account is active, you need to make a deposit to start investing. Generally, opening an account can take up to 2 business days, although Lightyear claims that some users see their account verified in just a few minutes.

Lightyear Promo Code

At the time of writing this review the platform is offering a promo code where you can get up to 10 free trades. If you are interested in finding out more, feel free to follow the link for more information on the promotion at Lightyear.

What do users say about Lightyear?

Lightyear is a platform much loved by its customers. Here are some of the reviews we have found on Trustpilot.

lightyear trustpilot 1 lightyear trustpilot 2 lightyear trustpilot 3lightyear trustpilot 4

The bottom line

Lightyear is one of the newest platforms on the market and one of the fastest growing. Although more advanced tools may be lacking for more experienced investors, its intuitive app and the way the information is presented make it perfect for beginners.

In Lightyear you can invest in stocks (Including fractional shares), ETFs and market money funds. Although its offering may be small compared to established brokers, the company is actually working on adding new products. In addition, their costs are some of the lowest. And, we can assure you, there are no hidden fees.

One aspect we loved is that you can earn interest of up to 4.50% on unused funds. This is something that brokers rarely offer, so we think it’s great that Lightyear does.

If you want to try out one of the best platforms now, don’t hesitate to do so with the Lightyear promo code. All in all, Lightyear helps you to invest and track your transactions comfortably.

Raimon Moreno
Escritor especializado en finanzas

Raimon es experto en finanzas y economía. Licenciado en Periodismo por la Universitat Pompeu Fabra de Barcelona, también ha estudiado cursos y posgrados relacionados con el mundo del posicionamiento web y redes sociales.
Con una larga experiencia en el sector, lleva años escribiendo artículos sobre inversiones y otros temas relacionados con las finanzas.