It doesnât do for any country other than the US and even then doesnât do 0% in a SIPP.
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I only invest in ISA tbf.
Will be interesting to see how this develops
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Just saw a John Lewis advert for finance. It has partnered up with Nutmeg to provide a ISA/JISA etc.
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Lightyear launches in 19 European countries
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Would be a great time for Freetrade to release something positive
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Theyâve moved quickly. They only just launched in UK. Sounds like they have some big ambitions.
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No ISA so In my mind not really a competitor.
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Theyâre moving fast and this should be a concern for :freetrade: - that said theyâll need to be offering some tax-advantaged accounts before theyâll get any serious AUM.
Did they build any tech them selves are they white labeling?
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Also âLightyearâ is just a dud of a name. No wonder Branson opened up his chequebook.
19 new countries? Wow
In how many countries is Freetrade ? 
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Likely not. We already know they are using Alpaca for for US trading. I would imagine they are using an established 3rd party for EU stocks, something like Saxo perhaps?
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Meanwhile Freetrade delays itâs EU launch for the nth time, apparently because they havenât got Swedish ISKs ready.
All that effort for a waitlist of a few thousand people, half of which have probably got bored waiting and are using other providers 
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Revolut launches âlearn and earnâ crypto courses. Basically free DOT tokens (worth around ÂŁ13) if you are willing to watch some videos and pass the associated quiz.
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Yes. Iâve always said that Lightyear will be major competition. Lightyear has talented leadership and funding. It has a good proposition. They will add tax wrapper accounts in time.
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@Viktor last year you told the November investor meet Lightyear wasnt regarded as a competitor.
To say Iâm devastated is an understatment. I know nothing compared to you on almost any levels or subject, but I knew Lightyear were a competitor and I took them seriously. I thought because a FT launch was imminent from your remarks that this was why you dimissed them which seemed fair enough. 8 months later FT hasnt launched in any EU country, 6 months after getting the license to do so and now Lightyear is opening up everywhere.
Theyâll have 1million users in no time. At what point in the next 2 years do you now expect Lightyear to be dismissing FT as not a competitor?
@adam my dream of a golden company, early investor is slipping away. I dont know if you agree and are trying to be positive or disagree. My friend, its been an eventful journey, but its slowly slipping.
What do you need to do? You need to hire 3 or 4 devs. Worldclass devs. Zac style. No more of we dont pay this or that. You need give them a good chunk of options, meaningful if they hit targets on a time basis. Forget 100k salaries. You need to be looking at 500k +. If this had been done 3 years ago we would have spent a few million and instead have a worldclass app.
Its not too late. Look what lightyear has done in 2 years. You could turn this around in 12 months.
Time is running out
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Nice app, but obviously needs ISAs and access to UK / EU markets before it can be used.
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They are an appointed representative of RiskSave Technologies Ltd but they have built their own app and are recruiting for product engineers.
Sort of like what Freetrade does with Drivewealth for US and Gaudi Regulated Services Ltd for SIPP.
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Reading their website it seems that Lightyear donât have the ÂŁ85,000 protection for your moneyâŠ
Lightyear, as an appointed representative and regulated by the FCA, can benefit from FSCS protection. However, in practice this protection is going to be rather limited as neither Lightyear not RiskSave hold your money or your assets.
How are your funds protected?
'When you fund your account at Lightyear, the funds are sent to our e-money partner CurrencyCloud (operating in the UK as The Currency Cloud Ltd.) who are an authorised electronic money institution. E-money is considered a means of payment, rather than a deposit like youâd pay into a bank. We partner with CurrencyCloud as they enable us to provide unique multi-currency accounts to each of our customers with low cost conversions making trading much simpler and affordable.
That being said, even though they are fully authorised and regulated by the FCA, CurrencyCloud, like all e-money institutions, are not covered by the FSCS guaranteeâ
I doubt they are hindered by renumeration. Take Lightyear, they have a team in Estonia, most of them will be on a lot less than what Freetrade offers.
Lightyear are playing a different game to what Freetrade is, so from what Iâve seen Freetrade are/were building Swedish ISK accounts. Lightyear might not introduce the local markets or account types for years. In which case all those customers will still need someone like Freetrade to invest locally, or to invest tax efficiently.
Thatâs not to say, I disagree with your sentiment that Freetrade could look like itâs doing more.
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