Backed by entrepreneur Richard Branson, Lightyear is one of the newer platforms on the market and has been growing fast in Europe. With a simple and intuitive app, it offers a good range of products to invest in (including fractional shares) and low fees. However, its product offering is still limited compared to rivals and it does not include CFD trading or bonds. It also charges a currency conversion fee when investing in US stocks – but you can avoid this by keeping USD and EUR in your account. Learn more https://www.theinvestorscentre.co.uk/reviews/lightyear-review/

There is no minimum deposit to open an account and you can start investing immediately. Withdrawals are free but can take up to 3 working days depending on the bank and the amount. Lightyear has robust security measures and is regulated by top-tier authorities in the UK and Estonia. You can also safeguard your assets with insurance protection up to EUR20k for non-US assets and cash, and up to $500k for US securities through SIPC.

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The mobile app is fully functional and offers all the web platform features. Its layout is well designed and intuitive to use, with a lot of information presented in an easily digestible way. It is suitable for beginner investors and has a simple yet comprehensive search function that makes it easy to find what you’re looking for.

The Lightyear app allows you to deposit in a wide variety of ways but there is only a lifetime free limit of EUR500 for debit card/Apple Pay/Google Pay deposits. If you exceed this limit, a 0.5% charge will apply to future deposits.