Our approach to fees is simple. We believe in:

• Radical transparency: We’ll always be upfront with any associated charges. We also want to ensure that we charge the smallest amount possible fairly, so if you place an order where the fees will account for 5% or more of its total value, you’ll be presented with a pop-up in the Lightyear app for you to confirm this
• Honest pricing: Our fees are a combination of covering the costs associated with the service plus a small amount on top that we can reinvest to improve the business

Things you pay us for	Cost
US shares (per order)	0.10% (0.10 min - $1 max)
UK shares (per order)	£1
EU shares (per order)	€1
Currency conversion using the live interbank exchange rate	0.35%
Fast deposit transfer (debit card, Apple Pay, Google Pay)	0.6%
SWIFT transfers	See here
We don't charge you for
Exchange-traded funds (ETFs) orders
Multi-currency account
GBP, EUR, and USD deposit account numbers
Securities custody
Local bank transfers in/out
W8-BEN (US tax form)

Applicable taxes

Financial Transaction Tax

A financial transaction tax (FTT) is when a percentage of the asset's value is paid in taxes when traded. FTTs usually apply only to select financial instruments and often have varying tax rates depending on the asset type.

Stamp duty

Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property.

These taxes apply to anyone who is trading the applicable asset, irrespective of if you are a tax resident of that jurisdiction or not.

Tax jurisdiction	Type of tax	Applicable to	Amount
Spain	FTT	The Spanish Financial Transaction Tax (SFTT) will be applied to shares of companies whose head office is located in Spain and whose market capitalisation exceeds EUR 1 billion.	0.2% on buy orders
France	FTT	The French Financial Transaction Tax (FFTT) will be applied to shares of companies whose head office is located in France and whose market capitalisation exceeds EUR 1 billion.	0.4% on buy orders
Italy	FTT	Italian Financial Transaction Tax (IFTT) will be applied to the transfer of the legal ownership of the shares of any category issued by Italian joint stock corporations (società per azioni and società in accomandita per azioni).	Pursuant to local applicable legislation
Portugal	Stamp duty	Service fees in Portugal are subject to  Stamp Duty*. The Stamp duty percentage is calculated from the fees paid to Lightyear by a customer. Currently, it is calculated from the conversion fee of a transaction and is paid to the Portuguese Tax Authorities (“PTA”) by Lightyear. *paid by Lightyear	4%
United Kingdom	Stamp duty	Stamp Duty Reserve Tax (SDRT) will be applied when you buy shares in a company incorporated in the UK, shares in a foreign company that has a share register in the UK and rights arising from such shares.	0.5% on buy orders
Ireland	Stamp duty	Irish Stamp Duty will be applied when you buy shares in an Irish company, including on non-Irish exchanges.	1% on buy orders

Regulatory fees (applicable only for U.S. securities)

• American Depositary Receipts (ADRs): You may incur an annual custodial fee of $0.01–$0.05 per share. Additional small charges of $0.02–$0.05 per share or event during corporate actions (like dividends or mergers). These fees are set by the ADR depositary and custodian banks, not Lightyear, and vary by asset. You can check with the specific depositary bank to confirm the exact fee per ADR.

When you sell U.S. securities, small regulatory fees may apply. These fees only apply to sell trades, and are usually just a few cents.

• FINRA TAF (Trading Activity Fee) based on the number of shares sold.
• Regulatory Transaction Fee applies to sales of U.S.-listed stocks or options.

These transaction taxes and regulatory fees on U.S. securities are costs that we (Lightyear) incur on your behalf. From the 16th of July, we will start to pass these associated costs through to you at cost price.