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Jul 2024
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Does Freetrade support PayPal?

Having an easy way to deposit and withdraw your money is a big deal for most traders. A lot of people really like using PayPal because it just checks all the right boxes in terms of convenience. But here's the thing - not every broker out there actually supports PayPal. So we took a really close look at Freetrade to see if they allow you to use PayPal.

Bad news, you can't use PayPal to fund your account at Freetrade. Read on to find out what other possibilities you have to move your funds in and out of your Freetrade trading account.

Other methods you can use to fund your Freetrade account
Tamás
Tamás Gyuriczki
Investments • Stock Market • Market Analysis

I've thoroughly tested the services of Freetrade with our analyst team by opening a real-money account with them. We put their deposit/withdrawal methods under the microscope and these were our most important findings:

  • Bank transfer, Credit/debit cards, Apple Pay, Google Pay are the available methods for funding your account at Freetrade.
  • We also checked whether Freetrade supports Revolut and Wise.
  • Visit our comprehensive Freetrade review for 2024 for the full scoop on their services and fees or check out the Find My Broker tool for personalized broker recommendations.
Overall score
4.4/5
Minimum deposit
$0
Stock fee
Low
Inactivity fee
no
Account opening
1 day

Available deposit and withdrawal methods at Freetrade

Seeing how Freetrade does not support PayPal for funding your trading account, we went ahead and checked what other options you have to get your money in and out. Take a look at this table coming up - it's got all the key details you need to know about depositing and withdrawing your money with Freetrade, including what kinds of fees you'll be paying.

Freetrade deposit and withdrawal data

💰 Deposit fee $0
💰 Withdrawal fee $0
💳 Deposit methods Bank transfer, Credit/debit cards, Apple Pay, Google Pay
💸 Account base currency GBP
💸 Minimum deposit $0

Does Freetrade accept Revolut/Wise?

Yes, Revolut and Wise are available at Freetrade.

Although Paypal, Revolut and Wise all offer the same services, they do it in different manners and at different costs. You may find that Revolut and Wise are cheaper alternatives, especially when it comes to international and/or multi-currency transactions.

Take a close look at Freetrade and discover the best online brokers

If you really want the totally honest lowdown on Freetrade - everything from their trading conditions and fees down to the nitty-gritty details of how good their overall service actually is - you've got to check out BrokerChooser's in-depth Freetrade review for 2024. Our analysis goes all the way, scrutinizing nearly 600 individual data points on Freetrade. We open up legit, real-money accounts with them and actually execute trades on their platforms. That way, we can give you X-ray vision into exactly how they operate.

If you want to see how Freetrade stacks up against its closest competitors, head over to the best online brokers in the world compiled by the BrokerChooser analyst team.

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

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Further reading

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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