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To help you find the best brokers for stocks and shares ISAs, we went ahead and did the research for you. We examined 100 quality online brokers, checked if stocks and shares ISA accounts are available and compared their fees, product selection and more. And now, without further ado ...

Our top 5 picks for best brokers for stocks and shares ISAs:

  1. Freetrade is the winner, the best broker for stocks and shares ISA in 2022.
  2. Fineco Bank takes second place.
  3. Hargreaves Lansdown rounds out the top three.
  4. AJ Bell Youinvest came in at number four.
  5. Interactive Investor. just made it to the list at number five.
Best broker for stocks and shares ISAs
Broker Overall score Stock & ETF fees score Minimum deposit
#1 Freetrade 4.5 5.0 stars $0 Visit broker
#2 Fineco Bank 4.5 4.4 stars $0 Visit broker
#3 Hargreaves Lansdown 4.4 2.4 stars $0 Visit broker
#4 AJ Bell Youinvest 4.5 2.9 stars $0 Visit broker
#5 Interactive Investor 4.6 3.2 stars $0 Visit broker

What makes a good online ISA broker? Naturally, they should provide ISA-related services. In addition, the broker needs to offer a wide range of long-term products with fair fees, mainly for stocks and ETFs. Non-trading fees are also important, especially inactivity fees. Finally, brokers had to have a high overall score in order to be considered among the top picks.

And now, let's see the best brokers for stocks and shares ISAs one by one, starting with the winner, Freetrade.

Freetrade Logo

#1 Best broker for stocks and shares ISA
Freetrade

4.5

Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the UK's Financial Conduct Authority (FCA). The company was founded in 2016. 

Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.

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#1 Freetrade
Fees
4.7

At Freetrade, you can trade stocks and ETFs free of charge. Also, there are no account, inactivity or withdrawal fees. However, there is a high, 0.45% fee for converting your funds to USD.
Pros Cons
Free stock and ETF trading High currency conversion fee
No inactivity fee
No withdrawal fee
Freetrade fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
UK stock $0.0 $4.1 $16.7 $13.9 $11.2
US stock $0.0 $4.0 $16.7 $13.9 $11.2

Commissions for a $2,000 trade

Freetrade non-trading fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Account fee No No No No Yes
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Freetrade
Markets and products
2.0

Freetrade has a limited product portfolio that covers only stocks and ETFs. There are no other asset classes available, like mutual funds, bonds or options.
Freetrade stock, ETF, and fund selection
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Stock markets (#) 4 13 21 19 16
ETFs (#) 660 5,500 2,500 2,700 1,680

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Fineco Bank Logo

#2 Best broker for stocks and shares ISA
Fineco Bank

4.5

Fineco Bank is an Italian bank, founded in 1999. It is regulated by the Bank of Italy, the Commissione Nazionale per le Società e la Borsa (Consob), and also subject to limited regulation by the UK's Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

Fineco Bank has a banking license, is listed on the Italian stock exchange (Borsa Italiana), and is a constituent of the STOXX Europe 600 stock index.

At the time of our review, Fineco Bank accepted customers from the UK and Italy only. The service is slightly different for UK and Italian customers, e.g. fees are different. In this review, we tested the company's UK services, but we'll highlight all relevant information for Italian customers as well.

Fineco Bank is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, and discloses its financials transparently.

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#2 Fineco Bank
Fees
3.4

Fineco Bank has low stock and ETF fees, and no inactivity or withdrawal fees. However, forex fees are high, and holding positions overnight (i.e. financing rates) are also expensive.
Pros Cons
Low non-trading fees High forex and options fees
Low stock and ETF fees / Free stock trading High fees for CFD overnight positions
Low fund fees
Fineco Bank fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
UK stock $0.0 $4.1 $16.7 $13.9 $11.2
US stock $0.0 $4.0 $16.7 $13.9 $11.2

Commissions for a $2,000 trade

Fineco Bank non-trading fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Account fee No No No No Yes
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#2 Fineco Bank
Markets and products
3.8

Fineco Bank has a wide product portfolio; from real stocks to CFDs, you can trade many asset classes. However, its selection of mutual funds and certain derivatives is limited.
Fineco Bank stock, ETF, and fund selection
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Stock markets (#) 4 13 21 19 16
ETFs (#) 660 5,500 2,500 2,700 1,680

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Hargreaves Lansdown Logo

#3 Best broker for stocks and shares ISA
Hargreaves Lansdown

4.4

Hargreaves Lansdown is one of the biggest UK-based stockbrokers. It was founded in 1981 and is regulated by the top-tier Financial Conduct Authority (FCA). In addition, it is a listed company and a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.

Hargreaves Lansdown is considered safe because it has a long track record, is regulated by a top-tier authority, and is listed on a stock exchange.

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#3 Hargreaves Lansdown
Fees
3.1

Hargreaves Lansdown has low fund and bond trading fees and there is no inactivity fee. However, the stock and ETF fees are high.
Pros Cons
Low non-trading fees High stock and ETF fees
No withdrawal fee Currency conversion fee
Low fees for funds and bonds
Hargreaves Lansdown fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
UK stock $0.0 $4.1 $16.7 $13.9 $11.2
US stock $0.0 $4.0 $16.7 $13.9 $11.2

Commissions for a $2,000 trade

Hargreaves Lansdown non-trading fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Account fee No No No No Yes
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#3 Hargreaves Lansdown
Markets and products
3.0

Hargreaves Lansdown offers a lot of funds, and you can access a good number of stock markets. However, other products such as forex, CFDs, options or futures are not available.
Hargreaves Lansdown stock, ETF, and fund selection
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Stock markets (#) 4 13 21 19 16
ETFs (#) 660 5,500 2,500 2,700 1,680

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AJ Bell Youinvest Logo

#4 Best broker for stocks and shares ISA
AJ Bell Youinvest

4.5

AJ Bell Youinvest was founded in 1995 and it is one of the biggest discount brokers in the UK. It is regulated by the Financial Conduct Authority (FCA) and it is  listed on the London Stock Exchange (LSE).

AJ Bell Youinvest is considered safe because it has a long track record, it's listed on a stock exchange, and is regulated by a top-tier regulator.

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#4 AJ Bell Youinvest
Fees
3.2

AJ Bell Youinvest has low fund fees and the non-trading fees are also reasonable. Deposit and withdrawal are free. On the negative side, you will be charged a custody fee based on your trading history and asset volume.
Pros Cons
Low non-trading fees Custody fee
No withdrawal fee Average stock fees
Low mutual fund fees
AJ Bell Youinvest fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
UK stock $0.0 $4.1 $16.7 $13.9 $11.2
US stock $0.0 $4.0 $16.7 $13.9 $11.2

Commissions for a $2,000 trade

AJ Bell Youinvest non-trading fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Account fee No No No No Yes
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#4 AJ Bell Youinvest
Markets and products
3.1

AJ Bell Youinvest has a limited product portfolio, including stocks, ETFs and funds. Popular assets like forex, options, futures, and CFDs are missing. Bonds can be traded only via phone orders.
AJ Bell Youinvest stock, ETF, and fund selection
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Stock markets (#) 4 13 21 19 16
ETFs (#) 660 5,500 2,500 2,700 1,680

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Interactive Investor Logo

#5 Best broker for stocks and shares ISA
Interactive Investor

4.6

Interactive Investor (ii) is the second biggest UK stockbroker, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003.

Interactive Investor is considered safe because it has a long track record and is overseen by a top-tier regulator.

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#5 Interactive Investor
Fees
3.3

Interactive Investor has average trading fees, including low fund fees, while regular investments are free. On the other hand, there is a monthly account fee.
Pros Cons
Low fund fees Monthly account fee
Regular investments are free
Interactive Investor fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
UK stock $0.0 $4.1 $16.7 $13.9 $11.2
US stock $0.0 $4.0 $16.7 $13.9 $11.2

Commissions for a $2,000 trade

Interactive Investor non-trading fees
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Account fee No No No No Yes
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#5 Interactive Investor
Markets and products
3.0

Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.
Interactive Investor stock, ETF, and fund selection
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Stock markets (#) 4 13 21 19 16
ETFs (#) 660 5,500 2,500 2,700 1,680

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Best broker for stocks and shares ISA in 2022
What makes a good ISA broker?

Now that you know our top 5 picks for online ISA brokers, you're probably curious how we put together the list. Let's go through a few points.

At BrokerChooser, we test online brokers along nearly 500 criteria, using real accounts and real money. In order not to overwhelm you, we selected the five most important criteria:

We picked the top brokers for stocks and shares ISAs based on the following factors:

  • Brokers offering ISA: Individual Savings Accounts are available only in the UK, therefore the broker should be operating in the United Kingdom and should provide ISA accounts.
  • Long-term product fees: Trading fees can be massively higher at one online broker compared with another, so it's worth paying close attention to the fee stucture. The fact that a broker charges low fees for long-term products, which are tipically used for ISA investments, weighed heavily in our scores.
  • Low inactivity, annual and monthly fees: These non-trading fees should be low, otherwise they can decrease your rate of return significantly.
  • Long-term product coverage: The broker needs to offer a wide range of long-term products, mainly stocks and ETFs.
  • Overall score: We selected brokers with a high overall score.

Are these brokers reliable?

You can be sure that none of them is a scam. Each broker is regulated by top-tier financial authorities. Some of them are also listed on a stock exchange, while some have a banking background.

Nevertheless, brokerage companies can sometimes go bust. Remember Lehman Brothers? In these cases, it is important to know what happens to your securities and cash. They are usually held in segregated accounts, so even in case your broker goes bankrupt, your money is safe.

If a worst-case scenario comes true and, for example, the broker steals your assets, you have a last resort: the compensation fund of the country where the broker is regulated.

Best broker for stocks and shares ISA in 2022
What is an ISA?

ISA stands for Individual Savings Account, which is designed for tax-free savings and investments. It was introduced in 1999 by the UK government to encourage long-term and pension savings.

If you have an ISA, you don't have to pay tax on any returns that your investments make or when you sell them.

There are four main types of ISAs:

  • Cash ISA
  • Stocks & shares ISA
  • Innovative finance ISAs
  • Lifetime ISAs

In this article, we focused on stocks & shares ISAs. To open a stocks & shares ISA you must be 18 or older.

Bear in mind that the government sets limits on the amount people can pay into ISAs. There is an annual ISA allowance, which currently stands at £20,000. Unused ISA allowances cannot be carried forward to the next tax year, so it makes financial sense to use up as much of your ISA allowance as you can every year.

To learn more about ISAs, check out this article on all the key aspects of this savings vehicle.

Best broker for stocks and shares ISA in 2022
Bottom line

Now that we've seen the details, let's zoom out. Here are once again the best brokers for stocks and shares ISAs:

Best brokers for stocks and shares ISAs
Freetrade Fineco Bank Hargreaves Lansdown AJ Bell Youinvest Interactive Investor
Overall score 4.5 4.5 4.4 4.5 4.6
Fees score 4.7 stars 3.4 stars 3.1 stars 3.2 stars 3.3 stars
Stock and ETF fee scores 5.0 stars 4.4 stars 2.4 stars 2.9 stars 3.2 stars
Markets and products score 2.0 stars 3.8 stars 3.0 stars 3.1 stars 3.0 stars
Mobile platform score 4.7 stars 4.7 stars 3.9 stars 4.2 stars 3.8 stars
Deposit and withdrawal score 4.0 stars 3.3 stars 3.8 stars 3.8 stars 4.3 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Freetrade is our winner, the best broker for stocks and shares ISAs. Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.

All the other brokers in the top five are great choices. Pick any of them and take the next step in your investment journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder tool to find the best online broker for you, or learn more about investing your money.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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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