Lightyear
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In the dynamic world of online trading, Lightyear and OANDA cater to distinct trader profiles, each offering unique advantages. Lightyear, a London-based broker founded in 2020, appeals to novice and cost-conscious traders with its commission-free trading on US and EU stocks, though its offering is limited to stocks and is accessible only via a mobile app. In contrast, OANDA, established in 1996 and headquartered in New York, is well-suited for experienced traders seeking a broad range of markets, including forex and CFDs, supported by robust regulatory oversight and a comprehensive suite of trading platforms. While Lightyear's modern interface and competitive FX rates attract new traders, OANDA's long-standing reputation and extensive market access make it a preferred choice for seasoned investors.
Lightyear
OANDA
| Lightyear | OANDA | |
|---|---|---|
| BrokerRank Score | 2.7/5 | 4.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:1 | 1:50 ✓ |
| Regulation | FCA | FCA, CFTC, ASIC ✓ |
| Platforms | Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 2.7/5 on BrokerRank's independent rating. On fees, Lightyear offers lower spreads (0 pips).
See full side-by-side comparison belowLightyear
OANDA
WinnerLightyear
Lower feesOANDA
Lightyear
2.7/5
Choose Lightyear if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Lightyear holds a 2.7/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Lightyear offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Lightyear requires a minimum deposit of $0. OANDA requires $0.
Lightyear is regulated by FCA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Lightyear supports Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.