Freetrade Logo

Freetrade Alternatives

Written by
Bence András R.
Fact checked by
Gyula L.
Updated
4w ago

The best alternatives to Freetrade are

  1. Trading 212 - Global stockbroker
  2. eToro - Global social trading broker
  3. Interactive Investor - UK stockbroker
  4. Hargreaves Lansdown - UK-based stockbroker

Let's see in a bit more detail how the Freetrade alternatives compare to Freetrade and each other:

Freetrade alternatives comparison
Overall score
4.4 stars 4.5 stars 4.8 stars 4.6 stars 4.2 stars
Fees score
4.0 stars 3.8 stars 4.0 stars 3.3 stars 2.4 stars
Account opening score
5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score
3.8 stars 4.8 stars 4.1 stars 3.9 stars 3.3 stars
Web platform score
- 4.4 stars 4.4 stars 4.3 stars 3.9 stars
Markets and products score
2.3 stars 3.6 stars 3.9 stars 2.6 stars 2.7 stars
Visit broker Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Visit broker Visit broker

Why are these brokers considered good alternatives to Freetrade? There are many areas based on which Freetrade can be compared with others. When we say a given online broker is a good alternative to Freetrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Freetrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Freetrade is recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets
  • Trading 212 is recommended for equity investors and cfd traders looking for easy-to-use trading platforms
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
  • Interactive Investor is recommended for beginners and investors focusing on the uk market
  • Hargreaves Lansdown is recommended for beginners and buy-and-hold investors looking for an easy-to-use trading platform

Important factors of finding Freetrade alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Freetrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Freetrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Freetrade alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Freetrade this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Freetrade, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Freetrade alternative is a must.


Now let's dive into the details of how Freetrade and its alternatives perform in the most important areas!

Trading 212

Trading 212 provides commission-free stocks and ETFs as well as CFD trading. It is regulated by the UK's FCA, the Bulgarian authority FSC and CySEC in Cyprus.

The account opening is fully online, straightforward and quick. Trading 212's web and mobile trading platforms are well-designed and easy to use. It is a good choice for beginner investors.

On the negative side, the product portfolio is limited, and some popular asset classes such as options or bonds are missing. Forex fees are quite high and the research tools are also limited.

BrokerChooser gave Trading 212 a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for equity investors and CFD traders looking for easy-to-use trading platforms

Visit broker

Trading 212 vs. Freetrade: Trading fees
US stock
$0.0
$0.0
UK stock
$0.0
$0.0
German stock
$0.0
$0.0
Trading 212 vs. Freetrade: Minimum deposit, time to open an account
Minimum deposit
$1
$0
Time to open account
1 day 1 day

If you are interested more in Trading 212 minimum deposit, this overview will help you.

Trading 212 vs. Freetrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes No
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Trading 212, a Freetrade alternative
Trading 212 vs. Freetrade: Trading platform scores
Web platform score
4.4 stars -
Mobile platform score
4.9 stars 4.7 stars
Desktop platform score
- -

Learn more about Trading 212's web trading platform in the detailed Trading 212 review.

Visit broker

Trading 212 vs. Freetrade: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes
No
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes No
Crypto
No
No

eToro

eToro is an excellent choice for those interested in low-cost stock, CFD, forex and crypto trading on an outstanding mobile app. It offers free stock and ETF trading, easy account opening, and one of the best crypto selections in the industry.

Its biggest appeal is copy trading, where you can track the trades and portfolios of other users, while its trading platforms are also intuitive and easy to use, making it suitable for beginners.

It does disappoint in some areas, however: it has high non-trading fees (for withdrawal and currency conversion), inflexible account plans and an elusive customer service.

Note that eToro USA LLC does not offer CFDs, only real crypto assets are available.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro vs. Freetrade: Trading fees
S&P 500 CFD spread
0.8 -
Euro Stoxx 50 CFD spread
3.0 -
Apple CFD fees per $2,000 trade
$2.0
-
eToro vs. Freetrade: Minimum deposit, time to open an account
Minimum deposit
$10
$0
Time to open account
1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

eToro vs. Freetrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes No
Electronic wallets
Yes Yes
Withdrawal fee
$5
$0
Web trading platform of eToro, a Freetrade alternative
eToro vs. Freetrade: Trading platform scores
Web platform score
4.4 stars -
Mobile platform score
4.9 stars 4.7 stars
Desktop platform score
- -

Learn more about eToro's web trading platform in the detailed eToro review.

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro vs. Freetrade: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes
No
Funds
No No
Bonds
No No
Options
No
No
Futures
No No
CFDs
Yes No
Crypto
Yes
No

Interactive Investor

Interactive Investor is a UK-based investment service provider regulated by the top-tier FCA.

Its trading platforms are user-friendly and well-designed. Deposit and withdrawal are easy, fast and mostly free. If you need phone assistance from customer service, they answer quickly. It is a good choice for beginner investors.

On the negative side, Interactive Investor's product portfolio only covers traditional products, like funds from the UK market and stocks. Furthermore, sophisticated charting and analytic tools are missing, and there is a monthly account fee.

BrokerChooser gave Interactive Investor a 4.6/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for beginners and investors focusing on the UK market

Visit broker

Interactive Investor vs. Freetrade: Trading fees
US stock
$5.0
$0.0
UK stock
$5.0
$0.0
German stock
$12.5
$0.0
Interactive Investor vs. Freetrade: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1 day

If you are interested more in Interactive Investor minimum deposit, this overview will help you.

Interactive Investor vs. Freetrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of Interactive Investor, a Freetrade alternative
Interactive Investor vs. Freetrade: Trading platform scores
Web platform score
4.3 stars -
Mobile platform score
4.3 stars 4.7 stars
Desktop platform score
- -

Learn more about Interactive Investor's web trading platform in the detailed Interactive Investor review.

Visit broker

Interactive Investor vs. Freetrade: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes No
Bonds
Yes No
Options
No No
Futures
No No
CFDs
No No
Crypto
No No

Hargreaves Lansdown

Hargreaves Lansdown is a UK broker, regulated by the top-tier FCA.

Hargreaves Lansdown's web and mobile trading platforms are well-designed and user-friendly, and its educational tools are well-structured and high-quality. It is a good choice for beginner investors.

On the negative side, trading fees are high for stocks and ETFs. The account opening for clients outside the UK is not fully digital and you can only open GBP accounts.

BrokerChooser gave Hargreaves Lansdown a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for beginners and buy-and-hold investors looking for an easy-to-use trading platform

Visit broker

Hargreaves Lansdown vs. Freetrade: Trading fees
US stock
$14.9
$0.0
UK stock
$14.9
$0.0
German stock
$14.9
$0.0
Hargreaves Lansdown vs. Freetrade: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1 day

If you are interested more in Hargreaves Lansdown minimum deposit, this overview will help you.

Hargreaves Lansdown vs. Freetrade: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of Hargreaves Lansdown, a Freetrade alternative
Hargreaves Lansdown vs. Freetrade: Trading platform scores
Web platform score
3.9 stars -
Mobile platform score
3.9 stars 4.7 stars
Desktop platform score
- -

Learn more about Hargreaves Lansdown's web trading platform in the detailed Hargreaves Lansdown review.

Visit broker

Hargreaves Lansdown vs. Freetrade: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes No
Bonds
Yes No
Options
No No
Futures
No No
CFDs
No No
Crypto
No No

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.

Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets

Freetrade alternatives trading fees
US stock
$0.0
$0.0
$0.0
$5.0
$14.9
UK stock
$0.0
$0.0
$0.0
$5.0
$14.9
German stock
$0.0
$0.0
$0.0
$12.5
$14.9
Freetrade alternatives minimum deposit and account open times
Minimum deposit
$0
$1
$10
$0
$0
Time to open account
1 day 1 day 1 day 1 day 1 day

Learn more about Freetrade minimum deposit here.

Freetrade and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
No Yes Yes No No
Electronic wallets
Yes Yes Yes No No
Withdrawal fee
$0
$0
$5
$0
$0
Freetrade and alternatives trading platform scores
Web platform score
- 4.4 stars 4.4 stars 4.3 stars 3.9 stars
Mobile platform score
4.7 stars 4.9 stars 4.9 stars 4.3 stars 3.9 stars
Desktop platform score
- - - - -

Learn more about Freetrade's web trading platform in the detailed Freetrade review.

Freetrade and alternatives markets and products
Stocks
Yes Yes Yes Yes Yes
ETFs
Yes Yes Yes Yes Yes
Forex
No Yes
Yes
No No
Funds
No No No Yes Yes
Bonds
No No No Yes Yes
Options
No No No
No No
Futures
No No No No No
CFDs
No Yes Yes No No
Crypto
No No
Yes
No No

Bottom line

Based on our analysis, there are several good alternatives to Freetrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Freetrade alternatives
Broker intro
Recommended for
UK discount broker Long-term investors on the hunt for low fees and focusing on the UK and US markets
Global stockbroker Equity investors and CFD traders looking for easy-to-use trading platforms
Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
UK stockbroker Beginners and investors focusing on the UK market
UK-based stockbroker Beginners and buy-and-hold investors looking for an easy-to-use trading platform

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

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Bence András Rózsa
Bence András Rózsa

Bence is a former broker analyst for BrokerChooser. Having an MSc in international economy and finance, he focused on equities, cryptos and newcomer financial services. He also gained 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.

Visit eToro eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

Follow us

Regional settings

×
I'd like to trade with...