Lightyear vs Fidelity

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

Lightyear vs Fidelity Comparison Table 2024

Lightyear	Fidelity
4.5	3.5
Lightyear is ranked #110 among UK brokers.	Fidelity is ranked #110 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	Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.
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	Excellent list of stocks and funds to choose from Very competitive pricing compared to largest rivals Good list of account types to suit various types of investor Uninvested cash is automatically put into a money market fund Trusted global brand with strong regulation from SEC & FCA Tax-efficient vehicles are available including ISAs
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	No forex or CFD trading There is no demo account Less suitable for short-term trading Presentation of data is overly complicated No trading platform for non-US clients The $1000 minimum deposit for international clients is high
Awards
	Boring Money Best Buy 2021 – Pension Boring Money Best for Beginners Pension 2021 Boring Money Best for Beginners ISA 2021 Boring Money Best for Low - Cost Pension 2021 Online Personal Wealth Awards - Best Retirement Adviser 2021 Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Stocks, ETFs	ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
Demo Account
No	No
Minimum Deposit
$1	$0
Payment Methods
Apple Pay Debit Card Google Pay Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
$1	£25
Regulator
FSA	FCA, SEC
Mobile Apps
iOS & Android	Fil Mobile App
iOS App Rating
Android App Rating
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	Yes
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
Trade Signals
	None
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD GBP
Lightyear	Fidelity
Review	Review
Capital at risk
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