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What is the minimum account balance at Lightyear?

Your expert
Adam N.
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Updated
Mar 2024
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Minimum account balance and deposit at Lightyear as of March 2024

This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at Lightyear stand for. Find out in which cases you must have a minimum balance at Lightyear.

Have you ever accidentally mixed up the minimum account balance with the minimum deposit? Rest assured, you’re not the only one. To prevent any confusion, we'll tell you what they are and how they differ from each other.

Lightyear does not offer margin or derivative trading: you can't trade stocks/ETFs on margin and derivative products, such as futures or options, are also unavailable. In this case, no minimum account balance is required and you can start using the Lightyear platform without having a minimum deposit in your account.

The minimum deposit is the minimum amount required for opening an online brokerage account. While some brokers do not require a minimum deposit, others do. The minimum deposit requirement means that you will need to transfer this amount to your brokerage account from your bank account in order to start trading. You can check the minimum deposit at Lightyear here.
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Minimum account balance for stock/ETF margin trading

When trading stocks and ETFs on margin, the broker itself determines the minimum account balance you must always maintain in your Lightyear margin account.

Minimum account balance for derivative products

Lightyear offers derivative products to its clients:

Minimum amount to open an account at Lightyear

Good news: the minimum deposit to open a Lightyear account is $0. There are brokers that require as much as a couple of thousand dollars. You can check in the table below what is the minimum deposit at the competitors of Lightyear.

Minimum amount to open an account at Lightyear vs its competitors
Minimum deposit
$0
$1
$0

Data updated on March 13, 2024

Bottom line

Now you know what the minimum deposit and the minimum balance are at Lightyear and you understand the difference between the two. If you want to dig deeper, read our article on margin calls and short selling.

The minimum deposit is the minimum amount required to open a new online broker account.

The minimum account balance is not relevant at Lightyear as it doesn't provide stock/ETF margin trading or derivative products.

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Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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