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Let's compare: head to head

Moneybox and Lightyear are some of the biggest investment platforms on the market. Let's break down what they offer.

Moneybox logo
Lightyear logo
Products

Introduction

This time around, we’re comparing Lightyear and Moneybox. We’ve reviewed them and will cover things such as fees, features, and offerings. We’ll also cover where the platforms perform well and any potential shortcomings to be aware of.


Who is Moneybox?


Launched in 2016, Moneybox has become famous for its round-ups feature, which helped thousands of people start investing with just their spare change. Fast forward to today, and they've brought saving, investing, home-buying, and retirement services together into one simple app, so people can reach their goals and build wealth with confidence throughout their lives.

Who is Lightyear?


Lightyear does things differently - they are investing with an edge. Using Lightyear is a simple and approachable way to invest your money internationally without unnecessary barriers or fees, all through an easy-to-use app. 3500+ stocks and ETFs, funds, and up to 4.50% interest earned on uninvested cash, Lightyear offers asset types to suit every investor.

Who are Moneybox?
Who are Lightyear?
Products

Products

Moneybox logo
Lightyear logo

UK shares
US shares
EU shares
ETFs
ISAs
SIPPs
Funds
Mortgages

❌                                                       ✅ 
✅                                                       ✅ 
❌                                                       ✅ 
​✅                                                       ✅ 
✅                                                       ❌ 
✅                                                       ❌ 
✅                                                       ❌ 
✅                                                       ❌ 

Capital at risk. The value of your investments can go down.

Capital at risk. The value of your investments can go down.

Both Moneybox and Lightyear let you easily invest in shares and ETFs. Lightyear’s offering is much more comprehensive when it comes to both, with over 3500+ US, UK, and EU stocks and ETFs available. Whereas you can only access US stocks individually on Moneybox and a handful of ETFs. Moneybox does however offer additional products such as ISAs, pensions, and mortgages which can be a large pull for investors interested in these products, all in one place.

Fees

Fees

Moneybox logo
Lightyear logo

Minimum deposit
Platform fees
Trading fees
Inactivity fee
FX fee
Deposits
Withdrawal

£1                                                        £0
£1 p/m + 0.45% p/a               £0
£0                                                       £1 
❌                                                       ❌ 
0.45%                                           0.35% 
£0                                                £0 - 0.5% 
£0                                                       £0

Capital at risk. The value of your investments can go down.

Capital at risk. The value of your investments can go down.

Both Moneybox and Lightyear have competitive fee structures that will likely suit most investors. Moneybox’s £1 a month, plus their 0.45% fee on your investments per year, works well for investors investing little and often. Lightyear’s £1 flat fee however, really comes into its own for investors looking to increase their investment amounts as whether you invest £10 or £1,000, the fee is the same.

Features

Features

Moneybox logo
Lightyear logo

App based
Web based
Education content
Demo investing
Cash interest

✅                                                       ✅ 
❌                                                       ✅ 
✅                                                       ❌ 
❌                                                       ❌ 
3.8%                                                4.5% 

Capital at risk. The value of your investments can go down.

Capital at risk. The value of your investments can go down.

Both apps are beginner-friendly and easy to use. Lightyear’s might just edge it but, only slightly. Lightyear has a web-based proposition that can be a strong pull for investors who like the freedom to manage their portfolio across apps and the web. Moneybox leads on the education front, while both could do better by introducing a demo investing account. Finally, if you’re looking for interest returns on your uninvested cash, Lightyear offers the best rate, which means you could be building wealth, even while you mull what shares or ETFs to invest in.

Summary

Summary

To sum it up, Moneybox is probably the best shout if you’re looking for a provider with a comprehensive suite of products on offer, all in one place. Lightyear on the other hand would likely better suit an investor looking for a breadth and depth of choice when it comes to investing in shares, ETFs, and funds.

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