Freetrade Logo
Written by: Bence András R. Updated: Jan 2023
Expert verified
Recommended for
  • beginners
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
1,584 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

Freetrade review summary

Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade 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 credit/debit card withdrawal is available. BrokerChooser gave Freetrade a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Freetrade is a regulated broker, it is overseen by a top-tier financial regulator in the UK . Freetrade is also covered by investor protection and it offers negative balance protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Freetrade if you live in United States. See the best alternative available in your country.

Freetrade pros and cons

Pros Cons
Free stock and ETF trading Basic product portfolio
Easy and fast account opening Limited research tools
Great mobile trading platform Debit card only for deposits

Freetrade main highlights

🗺️ Country of regulation UK
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF
To read much more details about the broker's services and features, expand on the sections below.

Freetrade review
Fees

4.5
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.
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Freetrade review
Account opening

5.0
Account opening at Freetrade is fast, fully digital and user-friendly, and there is no minimum deposit. You can choose from 3 different account types.
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Freetrade review
Deposit and withdrawal

4.0
Deposits and withdrawals are user-friendly and free. On the negative side, no credit cards are accepted and the only available base currency is GBP.
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Freetrade review
Web trading platform

At Freetrade, you can only trade through a mobile platform, while desktop platform is not available, and web platform is available in beta version only for Freetrade Plus subscribers.
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Freetrade review
Mobile trading platform

4.7
Freetrade has a user-friendly and well-designed mobile trading platform, with an efficient search function. However, there are only two order types and you cannot set price alerts.
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Freetrade review
Desktop trading platform

Freetrade does not have a desktop trading platform.
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Freetrade review
Markets and products

3.0
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.
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Freetrade review
Research

0.0
Freetrade's research tools are limited, with no analyst recommendations or fundamental data. Charting is also poor, showing only the most basic information.
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Freetrade review
Customer service

5.0
Freetrade has an efficient live chat in its mobile app and its website. Email support is great, but we missed phone support and 24/7 availability.
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Freetrade review
Education

3.0
Freetrade has useful and quality educational articles and a great community on its own blog. On the other hand, there are no educational videos or webinars.
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Freetrade review
Safety

Freetrade is regulated by the UK's FCA, providing up to £85,000 of investor protection. On the negative side, it is not listed on a stock exchange and doesn't hold a banking license.
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Freetrade review
Bottom line

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Freetrade review
FAQ

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Author of this review

Bence András Rózsa

Author of this review

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

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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