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Freetrade vs AJ Bell 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than AJ Bell? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Freetrade. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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Overall RatingFreetradeAJ BellFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees5 Stars3.5 Stars5 Stars
Offering of Investments2.5 Stars4 Stars4 Stars
Mobile Trading4 Stars3.5 Stars4 Stars
Platforms & Tools1 Stars3 Stars3.5 Stars
Research2 Stars4 Stars3.5 Stars
Ease of Use4.5 StarsN/A3.5 Stars
Education3 Stars3.5 Stars3.5 Stars
ReviewFreetrade ReviewFineco Bank Review
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InvestmentsFreetradeAJ BellFineco Bank
ISAYesYesYes
SIPPYesYesNo
Share TradingYesYesYes
CFD TradingNoNoYes
FundsNoYesYes
ETFsYesYesYes
Bonds - CorporateNoYesYes
Bonds - Government (Gilts)NoYesYes
Investment TrustsYesYesNo
Spread BettingNoNoNo
Crypto TradingNoNoNo
Advisor ServicesNoNoNo
Trading FeesFreetradeAJ BellFineco Bank
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£0£9.95£2.95
Share Trading: 10-19 Deals/ Month£0£4.95£2.95
Share Trading: 20+ Deals/ Month£0£4.95£2.95
5 trades per year (£30k portfolio)N/A£82.5£75
12 trades per year (£30k portfolio)£0£161.4£35.4
36 trades per year (£30k portfolio)£0£400.2£106.2
120 trades per year (£30k portfolio)£0£636£354
3 fund trades per year (£30k portfolio)N/A£79.5£14.75
Annual Custody Fee: £0 - £250,000£00.25% (max £3.50/ month for shares)0.25%
Annual Custody Fee: £250K-£500K£00.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m0.15%
Annual Custody Fee: £500,000 - £1m£00.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m0.15%
Annual Custody Fee: £1m and over£00.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m; 0.05% for funds between £1m and £2m;0.05%
Bonds - Corporate - FeeN/A£9.95£6.95
Bonds - Government (Gilts) - FeeN/A£9.95£6.95
ETFs - Fee£0£9.95£2.95
Investment Trusts - Fee£0£9.95N/A
Telephone Dealing FeeN/A£29.95N/A
Platforms & ToolsFreetradeAJ BellFineco Bank
Web PlatformNoYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsNoNoYes
Charting - Indicators / Studies01022
Charting - Drawing Tools113
Charting - NotesNoNoNo
Charting - Display Corporate EventsNoYesYes
Charting - Stock OverlaysNoYesYes
Charting - Index OverlaysNoYesYes
ResearchFreetradeAJ BellFineco Bank
Research - SharesYesYesYes
Research - CFDsNoNoNo
Research - FundsNoYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsYesYesYes
Research - BondsNoYesYes
Portfolio Allocation BreakdownNoYesYes
EducationFreetradeAJ BellFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsNoYesNo
Has Education - RetirementYesYesNo
Client WebinarsNoNoYes
Client Webinars (Archived)NoYesYes
Overall SummaryFreetradeAJ BellFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees5 Stars3.5 Stars5 Stars
Offering of Investments2.5 Stars4 Stars4 Stars
Mobile Trading4 Stars3.5 Stars4 Stars
Platforms & Tools1 Stars3 Stars3.5 Stars
Research2 Stars4 Stars3.5 Stars
Ease of Use4.5 StarsN/A3.5 Stars
Education3 Stars3.5 Stars3.5 Stars
ReviewFreetrade ReviewFineco Bank Review
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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
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Freetrade vs AJ Bell Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade vs AJ Bell.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Fineco Bank offers better pricing than Freetrade for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Freetrade would cost N/A per year, while AJ Bell would cost £82.5 per year.

12 trades per year - Freetrade would cost £0 per year, while AJ Bell would cost £161.4 per year.

36 trades per year - Freetrade would cost £0 per year, while AJ Bell would cost £400.2 per year.

120 trades per year - Freetrade would cost £0 per year, while AJ Bell would cost £636 per year.

3 fund trades per year - Freetrade would cost N/A per year, while AJ Bell would cost £79.5 per year.

Which broker offers a wider range of investment options?

Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs and Investment Trusts, while AJ Bell offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have CFD Trading, Spread Betting, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker offers better research?

Our testing concluded that Fineco Bank is better for research than Freetrade. Fineco Bank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Freetrade and AJ Bell, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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