Lightyear - an alternative to Interactive Brokers
Lightyear is an investment platform established in Estonia and the UK. Lightyear’s goal is to make investing easy, convenient and affordable for retail investors. When investing in foreign shares and ETFs, the usual choice is to use your home bank, but they usually have high transaction fees and account maintenance fees for holding shares.
Another popular option is to open an Interactive Brokers account. With them, opening an account is difficult, the user experience is poor, and transaction fees are significantly lower than in regular banks, but still exist. So, for a beginner investor who does not want to use leverage or trade options, Lightyear is a very reasonable choice.
Some Lightyear's advantages
- There are NO transaction fees for ETFs (fund manager and potential FX fees apply)
- Transaction fees for stocks are extremely low
- You can earn interest through Savings Vaults. Your funds will be invested in BlackRock Money Market Funds. Though low-risk, this is still an investment so capital at risk
- Access to 5500+ US and European stocks and ETFs
Personal account Promo code: TAAVI10
To receive a bonus, use the promo code TAAVI10 when creating your account.
By entering the discount code, you’ll be eligible to make 10 first transactions without any fees.
Please note that in order to enter the code, you must be an EU resident who hasn’t redeemed a promotional code before and signed up within the last 30 days. To receive the bonus, you must complete onboarding and deposit at least 50 euros.
Company Referral Code: TAAVI10
To open a company account, you must first open a private account. After confirming it, you will have the opportunity to open a company account. To receive a bonus, enter the promo code TAAVI10 in the private view on the “Promotions” page, which you can find in the menu.
With the discount code, you can make the first 10 transactions without any fees!
Capital at risk. Provider of the investment services is Lightyear Europe AS for the EU. Terms apply: https://lightyear.com/terms. Seek qualified advice if necessary.
Read more:
- How opened a business account with Lightyear (in Estonian)