# K&H vs Lightyear

Cost & benefit? Do the maths!

Capital at risk.

Thinking of switching from K&H to Lightyear? Compare fees, currency conversion costs and more – so you can decide which better suits your investing and saving goals.

## Key takeaways

Lightyear costs less than K&H in every area we compared – whether it’s currency conversion (0.35% vs 1%), trade execution (free for ETFs on Lightyear, and €1 or max. $1 for stocks) or the TBSZ account (free on Lightyear).

- Currency conversion (FX)

- Monthly fee

- ETFs: execution fee

- Multi-currency

- US stocks: per order

- HU market (BSE) stocks: per order

- EUR-denominated stocks: per order

- TBSZ opening fee

- TBSZ holding fee

*Minimum fees per order for other European stocks (non-EUR-denominated): Hungarian min 200 HUF, Swiss min 1.5 CHF, Danish min 10 DKK, Swedish min 10 SEK, Norwegian min 10 NOK, Polish min 5 PLN.<br>Showing the Bronz tier, which applies to customers who traded at least 2M Ft a month on average over the previous three months. For stocks in EUR, the €3.49 minimum applies for Germany/Xetra, France, Belgium, Netherlands, Ireland, Portugal, Slovakia. Austria, Spain, Greece, Italy, Luxembourg, and Finland have a €11.99 min. For ETFs trading on Swiss (SIX), Borsa Italiana, Spanish, Austrian, Nordic exchanges, the min in €11.99. For BSE, it’s 349 Ft. Recurring ETF investing costs 0.6% with no minimum if conditions are met. Holdings above 40M Ft are free. Account and TBSZ fees are waived on Silver and higher tiers, and for customers aged 18–30.<br>Provider pricing compared as of 15 October 2026.

## K&H vs Lightyear: FAQs

### Does Lightyear or K&H have lower fees?

Lightyear’s pricing is more favourable than K&H’s, as the table above shows. Lightyear doesn’t charge a monthly fee, while K&H charges 349 Ft. ETFs also have no execution fee on Lightyear, whereas K&H charges 0.32% per order, with a 3,49 eur minimum. On Lightyear, the execution fee for EU and US stocks is 1 EUR/USD per order, compared with a minimum of 3,49 EUR/USD at K&H. 

What’s more, we don’t charge an account fee for TBSZ, while K&H charges 299 Ft a month (after the free collection year) on top of their regular account fee. 

Costs add up over the long term because they reduce your investment returns, so it’s worth choosing a broker where you can trade at favourable prices.

### Can I open a long-term investment account (TBSZ), and if so, what does it cost?

Both Lightyear and K&H offer a TBSZ, and opening one is free with both providers. One of the key differences is that Lightyear is a foreign provider, so opening a TBSZ has to be reported to NAV. Our detailed [guide](https://lightyear.com/cms/TBSZ_e_Papir_utmutato_86543f374e.pdf) makes this easy, though.

As for TBSZ costs, Lightyear offers this account type free of charge to investors in Hungary, while K&H charges a monthly fee of 299 Ft for the TBSZ.

If you’re planning to invest for the long term, it’s worth considering how much costs can reduce your potential returns, and choosing an investment provider on that basis.

## Disclaimer

This comparison is for educational purposes only and does not constitute investment advice. Capital at risk. Seek guidance if needed.

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Canonical: https://lightyear.com/en-hu/comparison/kh-vs-lightyear