Lightyear App Review mobile investment app that launched in 2020 and offers a no-frills trading service for investors to trade 3500+ products. It aims to be a competitor to established platforms such as AJ Bell (LON:AJB). This article will unpack minimum investments, app features, financial products, safety ratings, and more in this Lightyear App Review.

Opening a standard account with Lightyear is a simple process and takes just minutes. The company asks you to provide basic personal details, a source of wealth, and a selfie for verification purposes. Most users get approved in just a few minutes, but you may need to wait up to two business days for confirmation.

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Once verified, you can start investing using the Lightyear app. The platform offers a range of global stocks and ETFs as well as the ability to purchase fractional shares, which is ideal for expensive US shares. Additionally, you can buy currencies on the platform, allowing you to diversify your portfolio without incurring hefty currency conversion fees.

Lightyear offers a number of user-friendly features, including repeat orders and volatility alerts. It has a competitive fee structure with no account, deposit, or withdrawal fees as well as low commissions on ETFs and a low stock fee. Moreover, it has a free bank transfer allowance and allows for fee-free debit card/Apple Pay/Google Pay deposits. However, you should be aware that deposits made in a currency different than your cash on hand are subject to a 0.5% FX charge.