Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Freetrade!
Last update of data—Mar 2022
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Recommended for traders interested in algorithmic stock trading.
Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.
Alpaca Trading
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Recommended for traders interested in algorithmic stock trading.
Freetrade
Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.
Alpaca Trading's service is on par with Freetrade's and a comparison of their fees shows that Alpaca Trading's fees are similar to Freetrade's.
Account opening takes about the same effort at Alpaca Trading compared to Freetrade, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is lower than Freetrade's.
Our experts rated the trading platform of Alpaca Trading as somewhat better than the platform of Freetrade, found that clients have access to slightly more markets and products with Alpaca Trading, while Freetrade provides much less useful research and education.
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