There are two different licenses you can choose from with Lightworks: "Free" and "Pro." (The latter of which, as you might have guessed, requires that you cough up some cash.) The main difference between the two licenses is that the Pro version offers more features, including stereoscopic output and advanced project sharing. But the free version is still quite powerful, providing 100+ effects and supporting multicam editing.
It has tones of features and you can start for free. There is wide range of filters, overlays, transition effects and color correction abilities. This platform is designed to serve users with smooth editing experience so that even beginners can enjoy creative media projects. Thanks to its wide format support that helps to handle all popular media files with ease.