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Broker Comparison

Lightyear vs TradeStation

Compare Lightyear and TradeStation 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
TradeStation

TradeStation

Active traders using stocks, options and futures

TradeStation offers active trading in stocks, ETFs, options, futures, mutual funds and bonds, with desktop, wโ€ฆ

Head-to-head comparison

Lightyear vs TradeStation
Feature Lightyear TradeStation
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 commissions; sub-dollar/OTC $0.005 per share
Regulators FCA, EFSA, FINRA, SIPC SEC, CFTC, FINRA, NFA
Best for Cost-conscious long-term investors Active traders using stocks, options and futures
Markets & account
Stocks
ETFs
Crypto
โ€”
Bonds
Options
โ€”
Futures
โ€”
Funds
Fractional Shares
โ€”
Investment Plans
โ€”
Ready Made Portfolios
โ€”
Savings Vaults
โ€”
Money Market Funds
โ€”
Multi Currency
โ€”
Business Account
โ€”
Margin
โ€”
Demo Account
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
TradeStation

TradeStation

Pros

  • $0 stock and ETF commissions in the pricing table
  • Options fall to $0 per contract above 10,000 monthly contracts
  • Micro futures commissions start at $0.25 per contract, per side
  • FuturesPlus has no platform fees
  • Simulated trading supports paper trading and backtesting
  • API access supports custom multi-asset execution workflows
  • Cash balances over $100,000 can earn 0.15%

Cons

  • $10 monthly inactivity fee unless minimum activity is met
  • Outgoing account transfers cost $125
  • Sending wires cost $25 or $35 depending on account type
  • Mutual fund trades cost $14.95 per transaction
  • Sub-dollar and OTC equity trades cost $0.005 per share
  • FuturesPlus futures trades cost $1.75 per contract, per side
  • Margin positions require a minimum of $2,000
  • Non-brokerage platform access costs $99.99/$199.99 monthly
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.

TradeStation

TradeStation

TradeStation offers active trading in stocks, ETFs, options, futures, mutual funds and bonds, with desktop, web, mobile, FuturesPlus and API tools.

Your capital is at risk. Other fees apply.

Not the right match?

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