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Broker Comparison

Lightyear vs tastytrade

Compare Lightyear and tastytrade 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
tastytrade

tastytrade

Active options, futures and multi-asset traders

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and โ€ฆ

Head-to-head comparison

Lightyear vs tastytrade
Feature Lightyear tastytrade
Minimum deposit โ€” โ€”
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% $0 opening commission; $0 closing commission
Regulators FCA, EFSA, FINRA, SIPC FINRA, SIPC, NFA, CFTC, NYDFS
Best for Cost-conscious long-term investors Active options, futures and multi-asset traders
Markets & account
Stocks
ETFs
Forex
โ€”
Crypto
Bonds
โ€”
Options
โ€”
Futures
โ€”
Funds
โ€”
Fractional Shares
Investment Plans
Ready Made Portfolios
โ€”
Savings Vaults
โ€”
Money Market Funds
โ€”
Multi Currency
โ€”
Business Account
โ€”
Margin
โ€”

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
tastytrade

tastytrade

Pros

  • Stock and ETF trades have $0 opening and closing commissions
  • Stock and ETF options close for $0 per contract
  • $10 max commission per leg on stock and ETF options
  • Fractional shares have $0 opening and closing commissions
  • Recurring ETF investments from $5 to $100K
  • API supports read, write and trade access
  • Crypto holdings can transfer to external wallets
  • No minimum account balance for CME futures in a margin account

Cons

  • Crypto markup/markdown is 50-75bp of executed order price
  • Crypto is not covered by FDIC or SIPC
  • Crypto cannot be traded on margin
  • Stablecoin withdrawals are not currently supported
  • Futures accounts are not protected by SIPC
  • IRA futures need $25,000 for standard CME contracts
  • Basic margin accounts cannot trade futures
  • Cash accounts cannot trade forex or futures
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.

tastytrade

tastytrade

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and crypto plus web, desktop, mobile and API access.

Your capital is at risk. Other fees apply.

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