The best alternatives to Freetrade are
- Trading 212 - Global stockbroker
- eToro - Global social trading broker
- Interactive Investor - UK stockbroker
- Hargreaves Lansdown - UK-based stockbroker
Let's see in a bit more detail how the Freetrade alternatives compare to Freetrade and each other:
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 |
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
Recommended for equity investors and CFD traders looking for easy-to-use trading platforms
US stock
|
$0.0
|
$0.0
|
---|---|---|
UK stock
|
$0.0
|
$0.0
|
German stock
|
$0.0
|
$0.0
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | No |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
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.
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
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
S&P 500 CFD spread
|
0.8 |
-
|
---|---|---|
Euro Stoxx 50 CFD spread
|
3.0 |
-
|
Apple CFD fees per $2,000 trade
|
$2.0
|
-
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | No |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$5
|
$0
|
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
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
Recommended for beginners and investors focusing on the UK market
US stock
|
$5.0
|
$0.0
|
---|---|---|
UK stock
|
$5.0
|
$0.0
|
German stock
|
$12.5
|
$0.0
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | Yes |
Withdrawal fee
|
$0
|
$0
|
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.
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
Recommended for beginners and buy-and-hold investors looking for an easy-to-use trading platform
US stock
|
$14.9
|
$0.0
|
---|---|---|
UK stock
|
$14.9
|
$0.0
|
German stock
|
$14.9
|
$0.0
|
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
No | No |
Electronic wallets
|
No | Yes |
Withdrawal fee
|
$0
|
$0
|
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.
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
Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets
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
|
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.
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
|
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.
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.
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.