Lightyear vs eToro

Lightyear vs eToro Comparison Table 2023
Lightyear	eToro
Review 4.5	Review 4.1
Traders from US not accepted	Traders from US not accepted See available 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	eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.
Capital at risk	76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Comment by Reviewer
"Investors seeking a streamlined platform to buy stocks and ETFs will enjoy Lightyear. We particularly like the slick app and clear market insights which will serve new traders well."	"eToro is a great pick for traders who want to trade CFDs with copy trading and other social investing features. The brand is hugely respected with a string of awards and strong regulatory oversight."
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	25M+ user community Interest up to 5.35% on idle funds Industry-leading copy trading app Commission-free stock trading Islamic/Halal-friendly account Good user reviews and app rankings Low minimum deposit requirement Multiple orders including take profits Digital wallet with multiple currencies Trustworthy and award-winning company Comprehensive online training academy Demo account with access to virtual funds
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	Fee to withdraw revenue Limited contact methods No guaranteed stop loss No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms Currency conversion fees for account denominations other than USD
Awards
	Best of Show Award 2012 - Finovate Europe Most Innovative Trading Platform 2010 - World Finance Awards Best Trading Software 2011 - World Finance Awards
Instruments
Stocks, ETFs	Crypto
Demo Account
No	Yes
Minimum Deposit
$1	$10
Trading Platforms
Own	TradingCentral
Payment Methods
Apple Pay Debit Card Google Wallet Wire Transfer	Debit Card iDeal Klarna Neteller POLi Rapid Transfer Skrill Sofort Swift Visa Wire Transfer
Minimum Trade
$1	$10
Regulator
FSA	FCA, ASIC, CySEC, FSA
Margin Trading
No	Yes
Margin Rate
	1%
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
Auto Trading
	Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
No	Yes
Copy Trading Platform
	One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP	USD
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Euronext London Stock Exchange Nasdaq New York Stock Exchange	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange
Commodities
	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment.
FTSE Spread
	1.5 pt
GBPUSD Spread
	2 pips
Oil Spread
	5 pts
Stocks Spread
	0.24% Var
Forex Trading
Forex trading not offered	An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.
Forex App
	eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
	2 pips
EURUSD Spread
	1.5 pips
EURGBP Spread
	1.5 pips
Assets
	49
Currency Indices
	USD
Cryptocurrency
Crypto trading not offered	eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Don’t invest unless you’re prepared to lose all the money you invest.
Spread
	BTC 1%, ETH 2%
Coins
	BTC ETH BCH XRP DASH LTC ETC ADA MIOTA XLM EOS NEO ZEC BNB VET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
Capital at risk	76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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