Freetrade vs Passfolio compared

Freetrade
Passfolio
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score
    0.0
    /5
  • Deposit and withdrawal score
    4.0
    /5
  • Trading platform combined score
    3.4
    /5
  • Research score
    2.3
    /5
  • Deposit and withdrawal score
    2.8
    /5
  • Trading platform combined score
    4.5
    /5
Recommended for
  • Beginners
    4.4
    /5
  • Equity
    4.7
    /5
  • Beginners
You can't open an account in United States
You can't open an account in United States
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Best ISA broker

Overall Score
4.6

Recommended for Beginners and long-term investors focusing on the US stock market

Country of origin

UK

Country of origin

USA

Fees

Fees score
4.5
Fees score
4.2
Fees summary

Low trading and non-trading fees, low stock and ETF fees

Fees summary

Free stock and ETF trading, average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.0
Deposit and withdrawal score
2.8
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents
*

Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill

*
Required documents

Proof of identity: national ID / passport / driver's license / residence permit

Trading platform

Web platform score
-
Web platform score
3.8
Mobile platform score
4.7
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
3.0
Markets and products score
2.2
Stocks
Stocks
Fractional shares
*
*
Fractional shares
*
*
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
0.0
Research score
2.3
Charting quality

Poor

Charting quality

Poor

Education score
3.0
Education score
2.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.9
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2016

Foundation date

2018

Country of regulation

UK

Country of regulation

USA

Freetrade

For detailed information and hands-on experience, read our review of this broker.

Passfolio

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Freetrade's service is on par with Passfolio's and a comparison of their fees shows that Freetrade's fees are similar to Passfolio's.

Account opening takes about the same effort at Freetrade compared to Passfolio, deposit and withdrawal processes are more seamless at Freetrade, while customer service quality is similar to Passfolio's.

Our experts rated the trading platform of Freetrade as somewhat worse than the platform of Passfolio, found that clients have access to slightly more markets and products with Freetrade, while Passfolio provides better research and education.

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