- Experts commend Lightyear Business Investing Account for its user-friendly interface and low-cost structure, highlighting the absence of fees for account maintenance and transactions. The platform's ability to hold multiple currencies and offer free ETF investments is particularly praised, although some limitations exist regarding complex investment strategies and order types.
- Across 676 user reviews on Good Money Guide, averaging 4.9/5, customers frequently highlight the app's simplicity and intuitive design, making it accessible for both novice and experienced investors. Many users appreciate the low fees and transparent pricing, while others note the platform's efficiency in managing investments and providing timely updates. A few criticisms mention the need for more complex investment options.
Lightyear Business Investing Account Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Lightyear Business Investing Account across five key areas of our review framework.
- Pricing5.0
- Market Access4.5
- App & Platform5.0
- Customer Service5.0
- Research & Analysis4.5
Pros
- Simple to use
- Low costs
- Good interest rates
Cons
- Limited market rate for complex investment strategies
- Limited order types for active investors
See full expert review
Our verdict
Lightyear won Best Business Investing App because they simplify the process of opening a corporate investment account. By enabling businesses to invest in the stock market rather than solely holding cash, Lightyear empowers companies to make more from their funds, maximizing potential returns.
Is Lightyear a good business investing account?
Lightyear won “Best Business Investing Account” in the 2024 Good Money Guide Awards as they have really simplified the process of opening corporate investment accounts.
There are no fees to open, bank transfer into, withdraw from, or maintain a Lightyear business account and you can hold currency in either GBP, USD & EUR.
Plus, investing in ETFs is completely free of execution fees, and won’t be subject to conversion fees either if you hold money in USD, GBP or EUR.
But, if you do convert currency, Lightyear only charges an FX fee of 0.35%
Your business can also invest in high-interest-rate treasury products backed by BlackRock.
Charlotte Ashdown from Lightyear said after winning the review: We’re honoured to win this award. Most business funds are kept in easy-access accounts with incumbent brokers and banks, earning only 1-2% interest, which leads to billions in potential earnings being lost. We’re addressing this by helping businesses earn the interest they deserve, ultimately contributing to both their success and the economy's. For retail investors, we advocate a diversified portfolio—US stocks are popular, but UK stocks are also essential for balance. Today’s discussions on making bonds more accessible to retail investors show promising steps toward creating balanced portfolios with lower-risk options alongside higher-risk stocks.
Customer reviews for Lightyear
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 676 reviews
- Excellent92%
- Very good6%
- Basic1%
- Poor1%
- Bad0%
Read customer reviews
Fast
Clear, easy to use
Very good
There are some etfs that cannot be found in other brokers.
Simple
The UX and UI are amazing, helping you make conscious decisions. The instrument selection is also broad and pricing for that is one of the best in the market.
Transparent
Lightyear has always been transparent about the product offerings and fees.
Easy like Sunday morning
They make investing understandable and available for an ordinary person. They look up the country-specific tax laws to remember.
easy to use
present investment data
User-friendly
Easy to use, transparent, user friendly interface and reporting
love, peace
Lightyear does well to exist
Innovative
Easy to use
smooth and good overview
They seem to know what investors actually need and they are ready to provide it.
easy and friendly to use
Very good app, all clear, friendly to use
Amazing
Easy, inturive, good rate, and mazing app
Ahead
The sleek design makes it so easy to make yourself successful
Accessible!
This app is so transparent and so easy to use! I have been nervous about investing for years, and Lightyear has knocked down so many barriers - it’s a great product!
easy to use
Transparent, easy to use. Up-to-date informations, guidance, reminders.
Innovative
They have quickly become a leading investment app. They incorporate changes very fast and make investing easy for the users.
Convienience
User friendly and easy to use
Client oriented
Adding features what clients need with affordability
Professional
Good range of investment options.
Straightforward
Variety of products which allows you to diversify and gives exposure to different markets. Straightforward app, the best!
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
