Compare Alpaca Trading vs Freetrade


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Freetrade!

Alpaca Trading vs Freetrade
overall rating
4.6
4.4
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Free stock and ETF trading
  • Easy and fast account opening
  • Great mobile trading platform
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Basic product portfolio
  • Limited research tools
  • Debit card only for deposits
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
5.0
  • Low trading fees
  • Low non-trading fees
  • Free stock and ETF trading
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
4.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • Debit card available, but only for deposits
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.7
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
desktop trading platform
  • Limited order types
markets and products
2.0
  • Stock
  • ETF
1.6
  • Stock
  • ETF
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
0.0
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
3.8
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
3.0
  • Invest HUB blog
  • Educational content in a newsletter
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in algorithmic stock trading Long-term investors on the hunt for low fees and focusing on the UK and US markets
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