Lightyear vs Freetrade

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

Lightyear vs Freetrade Comparison Table 2024

Lightyear	Freetrade
4.5	3.5
Lightyear is ranked #118 among UK brokers.	Freetrade is ranked #63 among UK brokers.
Review	Review
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	Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.
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	FCA-regulated brand with FSCS cover for investors Thousands of US and UK stocks and hundreds of ETFs to choose from Very competitive pricing vs competitors with low fees and zero commissions Earn interest on uninvested cash with competitive rates Transfer/move ISAs from other accounts News and blog feed updated regularly Built-in customer support via live chat Fast revenue withdrawals Dividends on stocks
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	Competitors have larger selection of assets Trading platform lacks deep analytical tools Less suitable for active, high-volume traders Many countries not accepted No leveraged trading No demo account
Awards
	Best Online Trading Platform 2020 - British Bank Awards Best Share Trading Platform 2019 - British Bank Awards People’s Choice 2019 - Good Money Guide Best New Investment Service 2019 - Consumer Investment Awards
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Stocks, ETFs	Stocks, ETFs
Demo Account
No	No
Minimum Deposit
$1	$0
Payment Methods
Apple Pay Debit Card Google Pay Wire Transfer	Apple Pay Wire Transfer
Minimum Trade
$1	£2
Regulator
FSA	FCA
Mobile Apps
iOS & Android	Yes
iOS App Rating
	4.3
Android App Rating
	4.3
Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
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	No
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP
Lightyear	Freetrade
Review	Review
Capital at risk
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