Lightyear Refer a Friend Terms

This version of the Refer a Friend Terms applies from 15 October 2026. Recent historical versions of these terms are linked as PDFs at the end of this page.

This Scheme is run in accordance with Lightyear’s Terms of Service and Privacy Policy.

1. Lightyear's referral scheme (Scheme) is valid for current customers of Lightyear that meet conditions laid out in Lightyear's Terms of Service. This Scheme is available only to residents of jurisdictions where Lightyear, at its sole discretion, elects to make the Scheme available.

2. Referrals can be made only by select customers who meet the eligibility criteria to become a Referrer (Referrer(s)). Eligibility is determined automatically based on account activity and meeting specific requirements, such as minimum deposit or balance thresholds which may vary by jurisdiction (for example, ranging from 100 EUR to 1,000 EUR or equivalent). The referral functionality will be activated and become visible within the Lightyear app only once a customer has satisfied the eligibility criteria applicable to their specific region. Lightyear reserves the right to modify these eligibility criteria or the jurisdictions in which the Scheme is available at its sole discretion without prior notice.

3. A referral can only be made to a valid new customer, who has previously never held a Lightyear account (Recipient) and they cannot be given to current or former Lightyear customers. Referrals can also be made to valid new customers that reside in a jurisdiction where another Lightyear Group entity offers its services. In this case, such Recipients are subject to the terms laid out in this Scheme. For the avoidance of doubt, any complaints or disputes arising from a Referrer or Recipient’s participation in this Scheme shall be governed by laws of the jurisdiction of the Lightyear Group entity whose Terms of Service the Referrer or Recipient has expressly agreed to.

4. The Reward can be a fractional instrument worth a set amount, Free FX or another benefit we tell you about (Reward). It can differ by campaign, country, account type and time period, and the Referrer and the Recipient may get different Rewards. We show the Reward in-app or in campaign materials, and we may change it at any time without prior notice. Rewards that remove fees, other than Free FX, don't add up across referrals unless we say otherwise. Both parties get the Reward that applied when the referral was made: when the Recipient signed up with the referral link, or when the Referrer sent an email invitation from the app.

5. Certain referral Rewards may include automated randomisation of the Reward value. For this type of Scheme, each successful referral event is allocated a Reward according to the probability table below.

6. The process assigns the customer to a Reward bucket based on the stated probabilities and then selects a Reward value at random within that bucket’s range. Both the Referrer and the Recipient will receive the same Reward value for that referral.

7. Lightyear determines the eligibility criteria and the randomisation parameters (including buckets, ranges and probabilities) at its sole discretion. Due to randomisation, the actual distribution of awarded values may differ from the table weightings. Probabilities are indicative and may vary slightly due to rounding or operational constraints. The randomisation process is automated and auditable.

8. Participation in this randomised Reward mechanism requires the Recipient to meet the conditions described in Clause 12 (including the funding condition).

9. Once a Reward has been generated through the randomisation process, the value displayed in-app will be final and binding. Neither the Referrer nor the Recipient may exchange, modify or request an alternative Reward. The Reward is denominated in the currency specified for the relevant campaign, which will be communicated in-app or via related campaign materials. For campaigns denominated in GBP, EUR and USD, the Reward amounts are aligned. For campaigns denominated in HUF or any other applicable currency, the Reward amounts differ and are specified separately.

10. Referral Rewards can't be combined with other Lightyear promotions unless we say otherwise. If the Reward is Free FX and the Recipient already has an active or used promotion (such as a promo code) when they qualify, the Recipient gets no Reward, but the Referrer still gets theirs.

11. If the Reward is a fractional instrument worth a pre-determined amount available on the Lightyear app at the time the Reward was claimed, a market order shall be placed on the Lightyear app to buy the chosen fractional instrument. This order cannot be cancelled or otherwise modified. If this Reward is redeemed at a time when the market in which the fractional instrument is tradable is closed, the Reward shall be made available once the market opens and the order is filled. By redeeming the Reward, the customer acknowledges and agrees that:

• Lightyear does not provide any investment advice or recommendations by making the Reward available to the Referrer and Recipient.
• The Reward shall grant the Referrer and Recipient a right to receive a fractional instrument from the available list of fractional instruments in the monetary amount determined by Lightyear but the customer is not entitled to any specific amount of fractional instruments. The amount of fractional instruments received by the Referrer and Recipient will depend on the market price of the fractional instrument chosen by the Referrer and Recipient at the time of filling the market order.
• Standard Lightyear fees apply to the Reward. This means that a currency conversion fee is deducted from the Reward while converting it to another currency, to make the fractional instrument order. For more details on pricing, please refer to Terms of Service and here: https://lightyear.com/eu/pricing.

12. The Referrer and the Recipient will only receive the Reward provided the Recipient has successfully:

• used a referral link provided by a current eligible Lightyear customer;
• completed the onboarding process;
• funded their account with at least 100 EUR or 35 000 HUF or as otherwise indicated in-app or in campaign materials. If the Recipient was referred by a Referrer that resides in the United Kingdom, the Recipient must fund their account with the amount that is equivalent to 100 GBP or as otherwise indicated in-app or in campaign materials (Qualifying Deposit).

13. If the Referrer or Recipient is an individual, any Reward requiring deposit into an account (such as monetary rewards or fractional instruments) can only be deposited into the Referrer's or Recipient’s primary Lightyear account. Non-monetary rewards (e.g., fee waivers) are not subject to this requirement.

14. The Recipient must complete the steps in Clause 12 within 30 days of using the referral link, or within the period shown in-app. Otherwise neither party gets the Reward. The account may also be opened with another Lightyear Group entity.

15. For Rewards that can be withdrawn, Lightyear allows both the Referrer and the Recipient to withdraw the Reward only after 6 months have passed from receiving the Reward in their respective accounts. If the Reward is a fractional instrument that is sold and/or the money is converted into another currency, the withdrawal restriction shall apply to a sum on the account equal to the Reward’s value as originally specified in-app or via marketing materials.

16. The maximum number of Rewards a Referrer can receive per calendar month is specified in-app and may vary. Each Recipient is only eligible for one sign-up Reward.

17. Following receipt of the Reward, both the Referrer and the Recipient must remain funded with Lightyear Group for a minimum of 6 months from the date they receive the Reward, each maintaining a minimum net funding (total deposits minus withdrawals and outward transfers, whether held as cash or invested) of at least the Qualifying Deposit plus the value of the Reward. Other promotional rewards do not count towards this total, and changes in the market value of investments do not affect it. Failure to comply with the above requirements results in Lightyear reclaiming an amount equal to the value of the Reward from the relevant customer's account. This Clause doesn't apply to Free FX Rewards.

18. If the Reward is Free FX:

• you pay no Lightyear currency conversion fee on conversions up to the amount shown in-app (Free FX). It covers conversions in the account you claim it into, including those in orders and plans. Above that amount, the standard fee applies. All other fees still apply.
• you claim Free FX in-app into an eligible account shown there. You may need to open one first.
• Free FX lasts for the number of days shown in-app, starting when you claim it. If you claim more Free FX from this Scheme into an account that still has some, the amounts add up and the expiry date moves back by the number of days shown in-app. Unused Free FX expires and can't be restored.
• Free FX isn't cash. It can't be withdrawn, moved to another account or person, or swapped for cash or another Reward.
• Free FX from this Scheme is kept separate from Free FX from other promotions. The one that expires first is used first.

19. Successful referrals which qualify for a Reward cannot be “carried over” into subsequent periods, they will simply lapse. Referrals are attributed to the period in which the Recipient uses the referral link, not the period in which they complete the steps which qualifies them for a Reward (listed in Clause 12).

20. The definitions of capitalised terms set out in the Lightyear’s Terms of Service will apply to this Scheme, unless already defined in this Scheme.

21. Lightyear’s customers will be eligible to receive the Reward as long as they remain valid customers of the Lightyear Group. Customers whose account is deleted, suspended or otherwise inactivated shall not be eligible for the Scheme. For avoidance of doubt, if either the Referrer or Recipient ceases to be a customer of the Lightyear Group before the Reward is paid out, both parties will cease to be eligible to receive the Reward. If the Reward was already paid out and the account is closed, suspended or inactivated within 6 months, we reclaim the Reward under Clause 17. If the account holding Free FX is closed, any unused Free FX is lost.

22. We usually give the Reward, or make it available to claim, within 10 business days of qualifying. We can't guarantee this and won't pay damages for delays. Where they apply, the withdrawal limit in Clause 15 and the funding rule in Clause 17 then apply to the Reward. We'll keep the Referrer updated in-app on each Recipient's progress and show the Recipient's name in the Referrer's account.

23. Lightyear does not provide any investment advice and customers should make their own decisions on investments or seek independent advice from a professional adviser. Nothing in this Scheme represents a recommendation to buy, sell, or hold any particular security.

24. Lightyear reserves the right to alter, amend, extend, shorten or foreclose the Scheme at any time without prior notice for any customer. We will notify you about any changes to the Scheme and/or its conditions by updating the Scheme terms and we recommend that you check the Lightyear website regularly for any such updates.

25. Each Referrer is the actual sender of the referral they are making under this Scheme and must comply with any relevant laws. A referral must be created and distributed in accordance with an appropriate manner between friends, colleagues and family members. By making a referral the Referrer agrees they have the appropriate authority, permission and consent to do so. Bulk email distribution, referrals to strangers or any other use of the services in this scheme in a manner that is not promoted is expressly prohibited and be grounds of immediate termination.

26. Lightyear has no obligation to monitor the Scheme or any communications, however, Lightyear may choose to do so and block any email messages, remove any such content, or prohibit any use of the Scheme. Referrers who do not comply with the law, including the laws regarding the sending of unsolicited emails are required to indemnify Lightyear against any liabilities, costs, and expenses it incurs as a result of such unsolicited email.

27. Users are responsible for maintaining the confidentiality of any log-in credentials and are fully responsible for all activities that occur through the use of them. Users agree to notify Lightyear immediately if they suspect unauthorised access to their account. Users agree that Lightyear will not be liable for any loss or damage arising from unauthorised use of their credentials.

28. The purpose of this Scheme is to introduce Lightyear to new customers who wish to actively and genuinely use the solutions provided by Lightyear.

If Lightyear has reasonable grounds to believe that a customer (whether acting as a Referrer or a Recipient) has engaged or may have engaged in behaviour aimed at taking advantage of this Scheme contrary to its purpose, including any of the behaviours listed in Clause 29, or if a customer fails to meet the minimum funded amount requirement set out in Clause 17, Lightyear may at its discretion

• disqualify the customer from current and future participation in the Scheme;
• withhold any Reward not yet granted;
• suspend the crediting of any Reward not yet granted, or restrict the withdrawal of any Reward already granted, for a reasonable period while Lightyear investigates a suspected breach of these Terms;
• revoke any Reward already given, including any unused Free FX from this Scheme on the account; and/or
• if the Reward has already been used or moved, reclaim its value (for Free FX, the conversion fees it saved), including by deducting it from other funds the customer holds with Lightyear. Any amount to be reclaimed under these Terms constitutes an amount due and payable by the customer to Lightyear under the Terms of Service. Where Lightyear exercises this right, the customer agrees that the reversal or deduction is authorised by them.

If a customer's participation in the Scheme has been deactivated due to behaviour falling within Clause 29, it will not be reactivated.

29. The following behaviours (whether engaged in by a Referrer or a Recipient) may lead Lightyear to take the actions described in Clause 28:

• Sending out invitations to Recipients who subsequently fund their accounts to meet the minimum threshold required to qualify for the Reward and then withdraw their funds, i.e. withdraw their funds within 6 months of receiving the Reward so that the minimum net funding required under Clause 17 is no longer maintained, or engaging in this behaviour as a Recipient (this results in the reclaim of the Reward under Clause 17).

• Sharing referral links publicly, including on social media, forums, messaging groups, deal or coupon websites, or any other publicly accessible channel; or becoming a Recipient through a referral link distributed in this way.

• Sending invitations where a majority of Recipients do not go on to use the Lightyear App in a genuine manner, or engaging in this behaviour as a Recipient by funding an account without genuine intent to use Lightyear's services.

• Creating, controlling, or coordinating multiple Lightyear accounts (including through family members, household members, or third parties acting in concert) for the purpose of qualifying for Rewards.

• Circumventing or attempting to circumvent the eligibility criteria of the Scheme, including by using false, misleading, or duplicate information when opening or operating a Lightyear account, or by referring oneself under another identity.

• Promoting a referral link through paid advertising, search engine bidding, or affiliate-style arrangements, or selling, renting or exchanging a referral link or the Reward for payment or other consideration.

• Making false, misleading or exaggerated statements about Lightyear, its services, or potential investment returns when making a referral, or presenting oneself as acting on behalf of or with the endorsement of Lightyear.

• Any other conduct that Lightyear reasonably considers to be a manipulation or abuse of the Scheme contrary to its purpose.

30. The entire value of instruments when sold may be subject to capital gains tax. You can check the value of each instrument when issued and/or sold on your portfolio screen in the App.

31. Any tax depends on your personal circumstances and if you are unsure about any tax implications, seek professional advice from a tax professional. Lightyear does not take any responsibility for any tax implication related to this Reward.

Certain previous versions of these Refer a Friend Terms:

• Lightyear Europe AS Refer a Friend terms (valid between 2 December 2025 and 11 January 2026)
• Lightyear Europe AS Refer a Friend Terms (valid between 12 January 2026 and 8 March 2026)
• Lightyear Europe AS Refer a Friend Terms (valid between 9 March 2026 and 13 May 2026)
• Lightyear Europe AS Refer a Friend Terms (valid between 14 May 2026 and 11 June 2026)
• Lightyear Europe AS Refer a Friend Terms (valid between 11 June 2026 and 26 August 2026
• Lightyear Europe AS Refer a Friend Terms (valid between 27 August 2026 and 14 October 2026