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Lightyear Review UK: Fees, ISA and How It Works
Lightyear is a low-cost UK investing app offering commission-free stocks and ETFs in a flexible Stocks and Shares ISA or general account, a 0.1% currency conversion fee, and interest on uninvested cash through money market funds. It is a direct challenger to Trading 212, aimed at buy-and-hold investors. It does not offer a pension.
Lightyear at a glance (2026)
| Feature | Detail |
|---|---|
| What it is | A UK investing app (Estonian-founded) for stocks, ETFs and money market funds |
| Accounts | Flexible Stocks and Shares ISA, Cash ISA, and a general investment account |
| Commission | GBP 0 on stocks and ETFs |
| Currency conversion (FX) fee | 0.1% when you buy in another currency |
| Interest on cash | Up to around 3.75% AER (variable) via money market fund Vaults |
| Fund costs | ETF ongoing charges still apply, set by the fund manager |
| Pension (SIPP) | Not offered - Lightyear has no pension product |
| Protection | FCA-authorised in the UK; eligible investments covered by the FSCS up to GBP 85,000 where applicable |