Why choose Freetrade
Freetrade is a UK fintech startup offering a wide selection of commission-free stocks.
It provides free stock and ETF trading. Account opening is seamless, fully digital and really fast. The mobile trading platform is well-designed and user-friendly. It is a good choice for beginner investors.
At Freetrade, you can only trade stocks and ETFs. Research options cover only basic charting tools. Debit cards are available only for deposits, otherwise no bank card withdrawal is available.
BrokerChooser gave Freetrade a 4.4/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Free stock and ETF trading
- Easy and fast account opening
- Great mobile trading platform
Fees
- Free stock and ETF trading
- No inactivity fee
- No withdrawal fee
We compared Freetrade's fees with two similar brokers we selected, Trading 212 and eToro. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Freetrade alternatives.
Commission-free stock and ETFs
It’s extremely great as Freetrade has commission-free UK stock trading.
Broker | UK stock |
---|---|
Freetrade | $0.0 |
Trading 212 | $0.0 |
eToro | $0.0 |
However, you need to choose the Freetrade Standard (or Freetrade Plus) account if you want to invest in non-UK stocks. This account has a monthly fee of £5.99 (Plus has a monthly fee of £11.99).
No inactivity fee, low withdrawal fee
It doesn't charge an inactivity fee. On the other hand, you should consider the following fees:
- The currency conversion fee is the FX spot rate +/- 0.45%. Freetrade offers only GBP as a base currency, so a currency conversion fee is charged when you trade stocks/ETFs denominated in other currencies, e.g. USD or EUR.
- There is no fee for the Freetrade Basic account. Freetrade Standard and Freetrade Plus have monthly fees of £5.99 and £11.99, respectively. Compare the different accounts.
- There is a withdrawal fee (of £5) only for same-day withdrawal.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
Freetrade | $0 | |
Trading 212 | $0 | |
eToro | $5 |
Safety
- High level of investor protection
- Top-tier regulator: UK's FCA
Deposit and withdrawal
- Free withdrawal
- No deposit fee
- User-friendly
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Two-step (safer) login
- Good search function