Lightyear vs easyMarkets

Lightyear or easyMarkets – which is better for UK traders 2024? Compare Lightyear and easyMarkets in this detailed breakdown of their platforms, features and fees.

Lightyear vs easyMarkets Comparison Table 2024
Lightyear easyMarkets
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4.5
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3
Lightyear is ranked #118 among UK brokers. easyMarkets is ranked #25 among CFD brokers.
Lightyear is a trading app that offers multi-currency investing with low-commission US, EU and UK stocks, no commission on ETF trades, and the chance to earn high interest on uninvested USD, GBP and EUR. The firm launched in 2015 and UK retail traders will be registered under the Lightyear Financial Ltd entity. This company is authorised and regulated by the Financial Conduct Authority (FCA), license number 955739. Capital at risk Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.
Capital at risk
Pros
  • Lightyear offers a user-friendly trading app with thousands of global equities
  • The investing app has been featured in the Financial Times & CNBC
  • Low-cost trading with no hidden fees or inactivity penalties
  • Traders can earn interest on uninvested cash
  • Low starting deposit of just $1 for new investors
  • Traders can access an excellent range of risk management tools, including negative balance protection, guaranteed stop loss orders and the proprietary dealCancellation tool
  • High-quality trading software is available including TradingView, with 100+ overlays and indicators, plus deep market insights
  • The Bitcoin base currency account makes it easy to store and trade cryptos without the need for a fiat exchange
  • easyMarkets is regulated by top authorities including the CySEC and ASIC, and has a strong 20+ year history
  • There’s a wide range of free research tools and news feeds available in all the broker's platforms
Cons
  • Platform features are basic and won't meet the needs of seasoned traders
  • Limited range of instruments with no forex trading
  • No demo account for prospective users
  • No MetaTrader 4 integration
  • No copy trading service
  • There's no copy trading service for beginners looking to follow successful strategies, or for experienced traders looking to sell their own strategies
  • The broker doesn’t offer any raw-spread or cent account options, which puts it behind top competitors like Vantage
  • Spreads on the Standard account are fairly wide based on tests, starting from 1.7 pips for EUR/USD
  • There is no VPS service for seasoned algo traders looking to run their automated strategies 24/7
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Stocks, ETFs CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
No Yes
Minimum Deposit
$1 €100
Payment Methods
Minimum Trade
$1 Variable
Regulator
FSA CySec, ASIC, BVI, FSCA
Mobile Apps
iOS & Android iOS, Android and Windows
iOS App Rating
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4.6
Android App Rating
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3.6
Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • PLN
  • CZK
Commodities
  • Gold
  • Silver
  • Palladium
  • Soybeans
CFD
You can trade 275+ CFD instruments covering equities, currencies, commodities, indices and cryptocurrencies. The broker offers flexible trading software and account options, plus access to the unique dealCancellation risk management tool, which is ideal for beginners.
Leverage
1:30
GBPUSD Spread<
0.9 (MT4)
Oil Spread
3 pips
Stocks Spread
0.1% Var
Forex
easyMarkets continues to offer 60+ forex pairs including majors, minors and a selection of exotics, with fixed spreads from 1.8 pips or variable spreads from 0.8 pips. FX traders can access advanced trading software in MetaTrader, as well as very high leverage up to 1:2000.
Assets
81+
GBPUSD Spread
1.3 var (MT5)
EURUSD Spread
0.9 (MT4)
EURGBP Spread
1.5 (MT4)
Cryptocurrency
There’s a modest range of 20 cryptocurrencies paired with USD available, with high leverage up to 1:400. You can also access a Bitcoin base currency account which offers a convenient way to hold and trade your crypto assets without the need for an exchange.
Spread
Variable
Coins
  • BTC
  • XRP
  • ETH
  • LTC
  • BCH
  • XLM
  • ADA
  • ALG
  • SOL
  • UNI
  • DOT
  • LNK
  • ZEC
  • OMG
  • MTC
  • DSH
  • DOG
  • CHZ
  • AVA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Lightyear easyMarkets
Capital at risk
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