Freetrade review | App, pricing and features

Freetrade is cheap (as the name suggests) but what's the catch?

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Freetrade

Finder rating ★★★★★

Freetrade is a well-designed app which lets you buy and sell UK and US stocks at low costs.

We liked…

  • Free instant trades
  • Quick to set up and clear app
  • Good for beginners and one-off free trades

But watch out for…

  • Free trades are executed at 3pm each day
  • Buying overseas shares incurs 0.45% fee
  • Can be laggy when topping up
  • Graphs are pretty but not very helpful
  • App is basic, and only US/UK

What is Freetrade?

Freetrade is a trading and investment app that lets you buy individual UK and US stocks, and invest in a range of funds with a variety of ETFs. (What’s an ETF?).

With a slick interface and pink colour scheme, it’s aimed at millennials who are used to well-designed apps like Monzo and Starling and want to dip their toes into the choppy waters of investment.

Is Freetrade good?

Pretty good! If the name hadn’t given you a clue, Freetrade’s big selling point is the price.

By slashing costs, Freetrade undercuts traditional stockbrokers such as Hargreaves Lansdown, Interactive Investor and AJ Bell. A single trade with Freetrade costs £0 (this includes trades, which used to cost £1 up until Feb 28th). Hargreaves Lansdown charges £11.95, Interactive Investor charges £7.99 and AJ Bell charges £9.95.

This low-cost tactic is similar to Robinhood, the US zero-fee investment app, which has been around since 2013 and launched in the UK earlier this year.

eToro Free Stocks

Invest in shares with 0% commission on eToro

  • 0% commission on stocks
  • No markup, ticketing fees, management fees
  • Fractional shares available
  • Easy to use platform
  • Your capital is at risk
Promoted

How the free trading works

With Freetrade you can, erm, trade for free.

Trading used to cost £1, but Freetrade scrapped this fee too.

Simply pick the stock of your choice and click trade to execute immediately.

Freetrade list prices in GBP (pounds) rather than the industry standard GBX (pence), which is weird for a second, but probably aimed at making it as user-friendly as possible.

Is Freetrade safe?

Yes. Freetrade is regulated and authorised by the FCA and covered by the FSCS, so you’ll be protected for up to £85,000 in the event the company goes bust.

Although as always when you invest, your capital is at risk.

How does Freetrade make money?

Freetrade makes money in three ways:

  1. 0.45% FX fee for buying shares in other countries
  2. £3 per month for its stocks and shares ISA
  3. £5 for same day withdrawals

Freetrade also plans to launch a premium account called Freetrade Alpha which is coming soon.

The Freetrade ISA

Also known as a stocks and shares ISA, the Freetrade Investment ISA is a personal account where you can invest up to £20,000 each year in the available stocks and ETFs and then never pay tax on any profit you make.

You can start an ISA using the Freetrade app, and will then pay a £3 fee per month (£36 a year). With trades costing £0 or £1 (plus the FX costs on US trades), it’s a pretty cheap offering compared with Hargreaves Lansdown or other traditional brokers – all of which charge anywhere between £5 and £12 for a trade.

Again, it’s worth remembering Freetrade has a bit of a limited trading universe. It’s not ideal for those who want to hold a variety of things in an ISA (namely, funds and shares from different markets).

On cost though, it is tough to beat, especially if you’re looking to invest serious money over the long-term. Any profit you make in your ISA will not be subject to capital gains or income tax.

You can also transfer your existing ISA into your Freetrade account.

Compare stocks and shares ISAs

Downsides of Freetrade

Signing up, using the app and pressing “buy” is a breeze.

Everything after that point could use a bit of work.

A common criticism levelled at Freetrade is the pretty-but-not-that-helpful charts and graphs which are supposed to help you track the performance of your portfolio.

The charts aren’t actually labelled, and there’s not that much data here to help get a sense into how your stocks are performing. Freetrade have acknowledged the portfolio management side of the app needs improving.

Luckily – much like Monzo, Starling, Revolut and other big digital finance players – Freetrade makes regular updates to its app. You can see Freetrade’s roadmap on its website.

Setting up Freetrade

Setting up is super easy. You can download the Freetrade app on the App Store and Google Play.

Once you open the app, you’ll need to provide:

  • Your name
  • Your address
  • Your National Insurance Number

Some of our team also had to provide additional info:

  • Proof of address
  • ID (driving license, but Passport seems to work better)

Once you’ve done that, you can then choose an account type.

Currently, you can only get a Freetrade Basic account, but the Freetrade Alpha account will be offered in future.

Funding your account

Once your account is set up you can use Apple/Google Pay or a bank transfer to fund it.

We did have a mixed bag when it came to depositing money in the app. For some it took about 10 minutes, while others waited for the top-up to come through for 6 or 7 hours.

That is one of our main criticisms of the platform, you can spend a lot of time in limbo wondering when your money will be topped up or when you’ll get your free share.

Freetrade referral and free share

After you buy your first share, you’ll be able to refer a friend. Send your lucky pal a link, and once they’ve signed up too, you’ll both get a free share up to £200 in value. Freetrade dish out the free shares on a Friday.

Freetrade fees and charges

Fee typeCost
Basic tradesFree
Basic accountFree
Stocks and Shares ISA£3 per month
FX feeSpot rate plus 0.45%.
Outgoing bank transferFree
Outgoing bank transfer (same day)£5

What stocks can I trade on Freetrade?

Amazon, Apple, Netflix, Tesco… there’s over 500 UK and US stocks and ETFs on Freetrade, and it’s adding to this each week. You can search for stocks in the table below.

Name Ticker Currency
888 888 GBP
£ Corp Bond SLXX GBP
£ Corp Bond 0-5yr IS15 GBP
£ Corp Bond ex Fin ISXF GBP
£ Ultrashort ERNS GBP
3i III GBP
3i Infrastructure 3IN GBP
3M MMM USD
4imprint FOUR GBP
AbbVie ABBV USD
Abcam ABC GBP
Aberforth ASL GBP
ABF ABF GBP
Activision Blizzard ATVI USD
Admiral ADM GBP
Adobe ADBE USD
Advanced Medical Solutions AMS GBP
Advanced Micro Dev AMD USD
Ageing Population AGES GBP
Aggreko AGK GBP
AJ Bell AJB GBP
Alibaba BABA
Alliance Pharma APH GBP
Alliance Trust ATST GBP
Allianz Technology ATT GBP
Alphabet GOOGL USD
Amazon AMZN USD
American Investment JAM GBP
Amerisur Resources AMER GBP
Amex AXP USD
Amgen AMGN USD
Amigo Holdings AMGO GBP
Anglo American AAL GBP
Antofagasta ANTO GBP
AO AO. GBP
Apache APA USD
Apax Global Alpha APAX GBP
Apple AAPL USD
Ascential ASCL GBP
Ashmore Group ASHM GBP
Ashtead AHT GBP
Asia Dragon DGN GBP
ASOS ASC GBP
Assura AGR GBP
Aston Martin AML GBP
AstraZeneca AZN GBP
AT&T T USD
Autotrader AUTO GBP
Avast AVST GBP
Aveva AVV GBP
AVI Global AGT GBP
Aviva AV. GBP
B&M Retail Value BME GBP
BA Tobacco BATS GBP
Baidu BIDU USD
Baillie Gifford BGS GBP
Bakkavor Group BAKK GBP
Balfour Beatty BBY GBP
Bank of America BAC USD
Bank of Georgia BGEO GBP
Bankers Trust BNKR GBP
Barclays BARC GBP
Barr's BAG GBP
Barratt BDEV GBP
BB Healthcare BBH GBP
Beazley Group BEZ GBP
Bellway Homes BWY GBP
Berkeley Group BKG GBP
Berkshire Hathaway BRK.B USD
Beyond Meat BYND USD
BHP BHP GBP
Biffa BIFF GBP
Big Yellow Group BYG GBP
BlackRock BLK USD
Blackstone Group BX USD
Blue Prism PRSM GBP
Bluefield BSIF GBP
Bodycote BOY GBP
Boeing BA USD
Boohoo BOO GBP
Booking BKNG USD
Bovis Homes BVS GBP
Box BOX USD
BP BP. GBP
Breedon BREE GBP
Brewin Dolphin BRW GBP
Bristol-Myers BMY USD
British Land BLND GBP
Britvic BVIC GBP
BT BT.A GBP
Bunzl BNZL GBP
Burberry BRBY GBP
Burford Capital BUR GBP
Bushveld BMN GBP
Cairn Energy CNE GBP
Capita CPI GBP
Capital & Counties CAPC GBP
Card Factory CARD GBP
Carnival CCL GBP
Caterpillar CAT USD
Centamin CEY GBP
Central Asia Metals CAML GBP
Centrica CNA GBP
Ceres CWR GBP
Chemring Group CHG GBP
Chesapeake Energy CHK USD
Chesnara CSN GBP
Chevron CVX USD
Chi-Med HCM GBP
China Special FCSS GBP
Cineworld CINE GBP
Cisco CSCO USD
Citigroup C USD
City of London CTY GBP
Civitas Social CSH GBP
Clarkson CKN GBP
Clinigen CLIN GBP
Close Brothers Group CBG GBP
CLS Holdings CLI GBP
Coats Group COA GBP
Coca-Cola KO USD
Coca-Cola HBC CCH GBP
Colgate-Palmolive CL USD
Comcast CMCSA USD
Commercial Property BCPT GBP
Compass CPG GBP
Computacenter CCC GBP
ConocoPhillips COP USD
ContourGlobal GLO GBP
Convatec CTEC GBP
Countryside CSP GBP
Cranswick CWK GBP
Crest Nicholson CRST GBP
CRH CRH GBP
Crispr Therapeutics CRSP USD
Croda CRDA GBP
CVS CVSG GBP
Daejan Holdings DJAN GBP
DCC DCC GBP
Dechra Pharmaceuticals DPH GBP
Deere DE USD
Derwent London DLN GBP
Developed Property IWDP GBP
DFS DFS GBP
Diageo DGE GBP
Diploma DPLM GBP
Direct Line DLG GBP
Disney DIS USD
Diversified Gas & Oil DGOC GBP
Dixons Carphone DC. GBP
Domino's Pizza DOM GBP
Draper Esprit GROW GBP
Drax Group DRX GBP
Dropbox DBX USD
DS Smith SMDS GBP
Dunelm Group DNLM GBP
eBay EBAY USD
Edinburgh Trust EDIN GBP
Edinburgh World EWI GBP
Electrocomponents ECM GBP
Electronic Arts EA USD
Elementis ELM GBP
Emerging Markets JMG GBP
Emerging Markets TEM GBP
Emerging Markets UEM GBP
Emerging Markets GSS GBP
Emis EMIS GBP
Empiric Student Property ESP GBP
Energean ENOG GBP
Equiniti EQN GBP
Essentra ESNT GBP
Estee Lauder EL USD
Etsy ETSY USD
EURO STOXX 50 CS51 GBP
EURO STOXX Div IDVY GBP
Euromoney Institutional ERM GBP
Europe Small Co JESC GBP
European Opportunities Trust JEO GBP
European Values FEV GBP
Evraz Steel EVR GBP
Expedia EXPE USD
Experian EXPN GBP
ExxonMobil XOM USD
F&C Trust FCIT GBP
Facebook FB USD
FedEx FDX USD
Ferguson FERG GBP
Ferrexpo FXPO GBP
Fever Tree FEVR GBP
Fireeye FEYE USD
First Derivatives FDP GBP
First Solar FSLR USD
FirstGroup FGP GBP
Fitbit FIT USD
Flutter Entertainment FLTR GBP
Ford F USD
Foresight Solar FSFL GBP
Forterra FORT GBP
Fresnillo FRES GBP
Frontier FDEV GBP
FTSE 100 ISF GBP
FTSE 100 VUKE GBP
FTSE 250 MIDD GBP
FTSE 250 VMID GBP
FTSE All World VWRL GBP
FTSE All World Div VHYL GBP
FTSE Dev Europe VEUR GBP
FTSE EM VFEM GBP
FTSE Japan VJPN GBP
Fullers FSTA GBP
Funding Circle FCH GBP
Future FUTR GBP
G4S GFS GBP
Galliford Try Plc GFRD GBP
Games Workshop GAW GBP
Gamesys GYS GBP
Gamma Comm GAMA GBP
Gan GAN GBP
GB GBG GBP
GCP Infrastructure GCP GBP
GCP Student Living DIGS GBP
General Electric GE USD
General Motors GM USD
Genus GNS GBP
Gilead GILD USD
Glencore GLEN GBP
Global Clean Energy INRG GBP
Global Private Equity HVPE GBP
Global Water IH2O GBP
Go-Ahead GOG GBP
Gold Producers SPGP GBP
Goldman Sachs GS USD
GoPro GPRO USD
Grainger GRI GBP
Great Portland Estates GPOR GBP
Greencoat UK UKW GBP
Greencore GNC GBP
Greggs GRG GBP
Growth & Income FGT GBP
GrubHub GRUB USD
GSK GSK GBP
GVC GVC GBP
Halfords HFD GBP
Halliburton HAL USD
Halma HLMA GBP
Hammerson HMSO GBP
Hastings HSTG GBP
Hays HAS GBP
Henderson Smaller Companies HSL GBP
Herald Investment Trust HRI GBP
Hg Capital HGT GBP
HICL Infrastructure HICL GBP
Highland Gold HGM GBP
Hikma Pharmaceuticals HIK GBP
Hill & Smith HILS GBP
Hilton Food HFG GBP
HL HL. GBP
Hochschild Mining HOC GBP
Home Depot HD USD
HomeServe HSV GBP
Honeywell HON USD
Howden Joinery HWDN GBP
HSBC HSBA GBP
Hunting HTG GBP
Hurricane Energy HUR GBP
HY Corp Bond SSHY GBP
HY Corp Bond Hdgd STHS GBP
IBM IBM USD
Ibstock IBST GBP
ICG Enterprise ICGT GBP
IG IGG GBP
IHG IHG GBP
IMI IMI GBP
Impax Enviro IEM GBP
Imperial Brands IMB GBP
Inchcape INCH GBP
Income & Growth PLI GBP
Indexed UK Gilts INXG GBP
Indian Investment JII GBP
Informa INF GBP
IntegraFin IHP GBP
Intel INTC USD
Intermediate Capital Group ICP GBP
International Public Partnerships INPP GBP
Intertek ITRK GBP
Intuit INTU USD
Investec INVP GBP
Iomart IOM GBP
IP Group IPO GBP
IQE IQE GBP
iRobot IRBT USD
ITM Power ITM GBP
ITV ITV GBP
IWG IWG GBP
J.P.M. EM $ Govt Bnd SEMB GBP
J.P.M. EM Govt Bnd SEML GBP
James Fisher & Sons FSJ GBP
Japan Small Cap ISJP GBP
Japan Trust BGFD GBP
Japanese Investment JFJ GBP
JD Sports JD. GBP
JD.com JD USD
JLEN Enviro JLEN GBP
John Laing JLG GBP
Johnson & Johnson JNJ USD
Johnson Matthey JMAT GBP
Johnson Service Group JSG GBP
JPMorgan JPM USD
Jupiter JUP GBP
Just Eat JE. GBP
Kainos Group KNOS GBP
KAZ Minerals KAZ GBP
Keywords Studios KWS GBP
Kier Group KIE GBP
Kimberly-Clark KMB USD
Kingfisher KGF GBP
Kraft Heinz KHC USD
Landsec LAND GBP
Law Debenture Corporation LWDB GBP
Learning Tech LTG GBP
Legal & General LGEN GBP
Levi's LEVI USD
Lloyds LLOY GBP
Lockheed Martin LMT USD
LSE LSE GBP
Lululemon LULU USD
LXI REIT LXI GBP
Lyft LYFT USD
M&C Saatchi SAA GBP
M&G MNG GBP
M&S MKS GBP
Man Group EMG GBP
Manchester United MANU USD
Marsh & McLennan MMC USD
Marshalls MSLH GBP
Mastercard MA USD
Match MTCH USD
McCarthy & Stone MCS GBP
McDonald's MCD USD
Mediclinic MDC GBP
Meggitt MGGT GBP
Melrose MRO GBP
Mercantile MRC GBP
Merchants MRCH GBP
Merck MRK USD
Metro Bank MTRO GBP
Micro Focus MCRO GBP
Micron Technology MU USD
Microsoft MSFT USD
Mitchells & Butlers MAB GBP
Mitie MTO GBP
Momentum factor IWFM GBP
Mondelez MDLZ USD
Mondi MNDI GBP
MoneySuper MONY GBP
Monks Trust MNKS GBP
Morgan Advanced MGAM GBP
Morgan Sindall MGNS GBP
Morrisons MRW GBP
MSCI China HMCH GBP
MSCI EM EMIM GBP
MSCI World IWDG GBP
Murray Income MUT GBP
Murray Int MYI GBP
Naked Wines WINE GBP
NASDAQ 100 EQQQ GBP
National Express NEX GBP
National Grid NG. GBP
NB Global NBLS GBP
Netflix NFLX USD
Network International NETW GBP
NewRiver NRR GBP
Next NXT GBP
NextEnergy NESF GBP
Nike NKE USD
NMC Health NMC GBP
Nokia NOK USD
Non-Standard Finance NSF GBP
Northrop Grumman NOC USD
Nvidia NVDA USD
Ocado OCDO GBP
OKTA OKTA USD
On The Beach OTB GBP
Onesavings OSB GBP
Oracle ORCL USD
Oriental Income SOI GBP
Overstock.com OSTK USD
Oxford Biomed OXB GBP
Oxford Instruments OXIG GBP
Pacific Ex-Japan CPJ1 GBP
Pagegroup PAGE GBP
PagerDuty PD USD
Palo Alto Networks PANW USD
Pantheon PIN GBP
Paragon Banking PAG GBP
Patient Capital WPCT GBP
PayPal PYPL USD
PayPoint PAY GBP
Pearson PSON GBP
Pennon Group PNN GBP
Pepsico PEP USD
Pershing Square Holdings PSH GBP
Persimmon PSN GBP
Personal Assets PNL GBP
Petrofac PFC GBP
Pets at Home PETS GBP
Pfizer PFE USD
Phoenix Group PHNX GBP
Physical Gold SGLN GBP
Physical Silver PHSP GBP
Picton PCTN GBP
Pinterest PINS USD
Playtech PTEC GBP
Polar Technology PCT GBP
Pollen Street PSSL GBP
Polymetal POLY GBP
Polypipe PLP GBP
PPHE Hotel PPH GBP
Premier Oil PMO GBP
Primary Health PHP GBP
Procter & Gamble PG USD
Provident PFG GBP
Prudential PRU GBP
PureTech Health PRTC GBP
Purplebricks PURP GBP
PZ Cussons PZC GBP
Qualcomm QCOM USD
Quilter QLT GBP
Rank RNK GBP
Rathbone RAT GBP
Raytheon RTN USD
RBS RBS GBP
Reckitt Benckiser RB. GBP
Redde REDD GBP
Redrow RDW GBP
Relx REL GBP
Renewables Infrastructure TRIG GBP
Renishaw RSW GBP
Rentokil RTO GBP
Restaurant Group RTN GBP
Rightmove RMV GBP
Rio Tinto RIO GBP
RIT Capital RCP GBP
Riverstone Energy RSE GBP
Robo Global ROBG GBP
Robotics RBTX GBP
Rotork ROR GBP
Royal Mail RMG GBP
RSA RSA GBP
Russell 2000 XRSG GBP
Russell Midcap XRSS GBP
RWS RWS GBP
S&P 500 IUSA GBP
S&P 500 VUSA GBP
S&P 500 CSP1 GBP
S&P 500 Health Care Sector IHCU GBP
S&P Div Aristocrat USDV GBP
S&P UK Div UKDV GBP
Sabre Insurance SBRE GBP
Safestore Holdings SAFE GBP
Saga SAGA GBP
Sage SGE GBP
Sainsbury's SBRY GBP
Salesforce CRM USD
Sanne Group SNN GBP
Savills SVS GBP
Scapa SCPA GBP
Schroder Asia Pacific Fund SDP GBP
Schroders SDR GBP
Scottish American SAIN GBP
Scottish Invest Trust SCIN GBP
Secure Income SIR GBP
Segro SGRO GBP
Senior SNR GBP
Sequoia SEQI GBP
Serco Group SRP GBP
Serica SQZ GBP
Severn Trent SVT GBP
Shaftesbury SHB GBP
Shell RDSB GBP
Shopify SHOP USD
SIG SHI GBP
Sirius Minerals SXX GBP
Sirius Real Estate SRE GBP
Slack WORK USD
Small Cap 600 ISP6 GBP
Smaller Companies BRSC GBP
Smaller Companies BGSC GBP
Smart Metering Systems SMS GBP
Smith & Nephew SN. GBP
Smiths SMIN GBP
Smithson Trust SSON GBP
SMT SMT GBP
Smurfit Kappa SKG GBP
Snap SNAP USD
Softcat SCT GBP
Sony SNE USD
Sophos Group SOPH GBP
Special Values FSV GBP
Spectris SXS GBP
Spirax Sarco SPX GBP
Spirent SPT GBP
Sports Direct SPD GBP
Spotify SPOT USD
Square SQ USD
SSE SSE GBP
SSP Group SSPG GBP
St James's Place STJ GBP
St Modwen Properties SMP GBP
Stagecoach SGC GBP
Standard Chartered STAN GBP
Standard Life SLA GBP
Standard Life Private Equity Trust SLPE GBP
Starbucks SBUX USD
Stobart STOB GBP
STOXX Europe 600 XSX6 GBP
Strix KETL GBP
Stryker SYK USD
SuperDry SDRY GBP
Syncona SYNC GBP
Synthomer SYNT GBP
Taiwan Semi TSM USD
Take Two TTWO USD
TalkTalk Group TALK GBP
Tate & Lyle TATE GBP
Taylor Wimpey TW. GBP
TBC Bank TBCG GBP
Ted Baker TED GBP
Telecom Plus TEP GBP
Temple Bar Investment Trust TMPL GBP
Tesco TSCO GBP
Tesla TSLA USD
Teva TEVA USD
Texas Instruments TXN USD
The Gym Group GYM GBP
TI Fluid Systems TIFS GBP
TP ICAP TCAP GBP
TR Property TRY GBP
Trainline TRN GBP
Travis Perkins TPK GBP
Trip.com TCOM USD
Tritax Big Box BBOX GBP
Tullow Oil TLW GBP
Twilio TWLO USD
Twitter TWTR USD
Uber UBER USD
UDG Healthcare UDG GBP
UK All Share FTAL GBP
UK Commercial Property UKCM GBP
UK Dividend IUKD GBP
UK Gilts IGLT GBP
UK Gilts VGOV GBP
UK Gilts 0-5yr IGLS GBP
UK Property IUKP GBP
Ultra Electronics ULE GBP
Ultrashort $ ERNU GBP
Under Armour UAA USD
Under Armour UA USD
Unilever ULVR GBP
Unite Students UTG GBP
United Utilities UU. GBP
UnitedHealth UNH USD
UPS UPS USD
US Corp Bond VUCP GBP
US Finance Sector UIFS GBP
US Gvt Bnd 1-3yr CU31 GBP
US Gvt Bnd 7-10yr IBTM GBP
US HY Corp Bond IHHG GBP
US Tech Sector IITU GBP
Vale VALE USD
Verizon VZ USD
Vertu VTU GBP
Vesuvius VSVS GBP
Victoria VCP GBP
Victrex VCT GBP
Vietnam Enterprise VEIL GBP
Vietnam Opportunity VOF GBP
Virgin Money VMUK GBP
Visa V USD
Vivo Energy VVO GBP
Vodafone VOD GBP
Walgreen Boots WBA USD
Walmart WMT USD
Watkins Jones WJG GBP
Weibo WB USD
Weir Group WEIR GBP
Wells Fargo WFC USD
Wetherspoons JDW GBP
Whitbread WTB GBP
WHSmiths SMWH GBP
William Hill WMH GBP
Wood Group WG. GBP
World Mining BRWM GBP
World Wrestling En WWE USD
Worldwide Healthcare WWH GBP
WPP WPP GBP
Yellow Cake YCA GBP
Young & Co's YNGN GBP
Yum China YUMC USD
Yum! YUM USD
Zoom ZM USD

What is the Freetrade community?

The Freetrade community is a forum for all Freetraders to share investing tips, chat about other start ups, the economy and share their ideas on what can help make Freetrade better.

The verdict

Freetrade’s fees are the shining star here. Buying stocks and ETFs for free? Doesn’t get much better than that. No monthly fee or inactivity fee is also great, stopping your portfolio being slowly eroded over time. Opening the account is easy, and you’re quickly ready to go. The app is slick and satisfying to use.

But, the graphs are more pretty than helpful, and the app is quite limited. There are the caveats that come with free trading, as well as the additional costs for buying US shares. Equally, the app only covers products from the UK and US, so it is a bit limiting. Then we had a few problems with the app being laggy when loading money and getting the free referral share.

Overall, Freetrade is a great option if you’re a beginner not looking to invest too much. You can make the most of free trades so your investments aren’t eroded by fees, while having a decent play around and learning the basics.

Compare similar trading platforms

Table: sorted by promoted deals first
Updated April 4th, 2020
Name Product Price per trade Frequent trader rate Platform fees
Hargreaves Lansdown Fund & Share Account
£11.95
£5.95
Transfer out fee
Your capital is at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
Your capital is at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Your capital is at risk.
Saxo Markets Share Dealing Account
£8
0.05% (min £5)
0.12% per year & transfer-out fee
Your capital is at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

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