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Freetrade app Review 2024

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Updated
Oct 2024
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Freetrade app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether Freetrade's mobile app ticks all the boxes.

Overall, we rate the user-friendliness of the app as better than average.

Freetrade mobile app vs. similar brokers
Mobile app rating (5 is the best)
4.7 stars 4.9 stars 4.9 stars
User-friendliness
Great Great Great
2-step authentication
Yes Yes Yes
Biometric authentication
Yes Yes Yes

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We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Freetrade review.

Freetrade app

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Overall score
4.4/5
Minimum deposit
$0
Stock fee
Low
Inactivity fee
no
Account opening
1 day
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Our main checklist for the Freetrade app

Let's start with the search functions. Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

Freetrade got the green light, meaning its search functions are reasonably good.

Freetrade checklist
Search functions
Great Great Great
2-step authentication
Yes Yes Yes
Biometric authentication
Yes Yes Yes
Price alerts in the app
No Yes Yes
Confirmation after successful trade
Yes Yes Yes

You cannot set price alerts in the Freetrade app. Yes, you can use a third-party app for this, but wouldn't it be much easier to have it in the broker's own app?

Freetrade app search functions

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Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

Freetrade has these order types available in its app: After market, Market.

At Freetrade you can use the following order terms & expiry in the app: -.

The Freetrade mobile app currently supports the following languages: English.

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The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

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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.

author
Tamás Gyuriczki
Author of this article
As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.
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