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Broker Comparison

Lightyear vs Saxo

Compare Lightyear and Saxo side by side: fees, regulation, platforms.

Lightyear

Lightyear

Cost-conscious long-term investors

Low-cost investing platform with free ETFs, multi-currency accounts, fractional investing, savings products, โ€ฆ

VS
Saxo

Saxo

Multi-asset investors and active traders

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, opโ€ฆ

Head-to-head comparison

Lightyear vs Saxo
Feature Lightyear Saxo
Minimum deposit โ€” No minimum deposit
Stock trading fee US shares: 0.10% (0.10 USD min - 1 USD max); UK shares: 1 GBP; EUR-denominated stocks, bonds, ETNs and ETCs: 1 EUR; other European stocks: 0.10% Commissions from $1 on US stocks; commissions from EUR 2 on Euronext Amsterdam, Lisbon, and Paris
Regulators FCA, EFSA, FINRA, SIPC DANISH FSA
Best for Cost-conscious long-term investors Multi-asset investors and active traders
Markets & account
Stocks
ETFs
Forex
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CFDs
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Crypto
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Bonds
Options
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Futures
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Funds
Fractional Shares
โ€”
Investment Plans
โ€”
Ready Made Portfolios
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Savings Vaults
โ€”
Money Market Funds
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Multi Currency
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Business Account
Margin
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Demo Account
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Pros & cons

Lightyear

Lightyear

Pros

  • No account fee
  • Free ETF execution and custody
  • 0.35% FX conversion fee
  • Multi-currency account
  • Fractional investing
  • Web, iOS and Android access
  • Savings Vaults with money market funds
  • SIPC protection for US securities

Cons

  • Stock fees vary by instrument
  • Card deposits cost 0.6%
  • Crypto assets lack investor compensation cover
  • Product availability may vary
  • Money market fund fees apply
  • Some withdrawals may require currency conversion
Saxo

Saxo

Pros

  • No platform fee and no inactivity fee
  • No minimum deposit for individual accounts
  • US stock and ETF commissions start from $1
  • 20-day demo account includes USD 100,000 simulated funds
  • Currency conversion fee capped at ยฑ0.25%
  • Mutual funds have $0 commission, custody, and platform fees
  • One login gives access to SaxoInvestor and SaxoTrader

Cons

  • Classic custody fee is 0.15% p.a. on stocks, ETFs/ETCs, and bonds
  • Manual orders by phone, chat, or email cost EUR 50
  • Classic emailed reports cost USD 50 per request
  • Classic and Platinum instrument additions cost USD 200
  • Terminated accounts can incur EUR 15 per month administration fee
  • Proxy voting costs EUR 30 annually plus EUR 5 per vote
  • Some desktop market data features require a subscription
Lightyear

Lightyear

Low-cost investing platform with free ETFs, multi-currency accounts, fractional investing, savings products, and a 0.35% FX fee.

Your capital is at risk. Other fees apply.

Saxo

Saxo

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, options, CFDs, forex, and futures.

Your capital is at risk. Other fees apply.

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