Lightyear Account Type

Lightyear offers two main types of accounts: Personal Accounts and Business Accounts.

• Personal Accounts:
• Designed for individual investors to manage their own funds.
• No minimum deposit is required to open an account.
• Allows trading in over 3,500 stocks and ETFs from various markets including the US, UK, and EU.
• Base currencies available are GBP, EUR, USD, and HUF.
• There are no inactivity or withdrawal fees.
• Business Accounts:
• Available for Estonian private limited companies (OÜ) and UK private limited companies (Ltd).
• Requires a personal account to be opened first.
• No minimum deposit is required, and it offers the same low trading fees as personal accounts.
• Allows multiple business accounts for different companies owned by the same individual.

Lightyear Broker Account Opening Process

Opening an account with Lightyear is a straightforward and user-friendly process that can be completed in just a few minutes. Here are the steps:

• Download the App:
• Available on both iOS and Android platforms.
• Sign Up:
• Enter your mobile number and verify it with a one-time password (OTP).
• Provide personal details such as name, date of birth, and email address.
• Verification:
• Upload identification documents (e.g., national ID, passport).
• Provide proof of residence (e.g., utility bill, bank statement).
• Deposit Funds:
• No minimum deposit is required. You can fund your account via bank transfer, debit/credit card, Apple Pay, or Google Pay.
• Start Trading:
• Once your account is verified, you can begin trading immediately.

The entire verification process typically takes 0-2 business days, depending on the type of account and the user's location.