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Freetrade vs Barclays 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than Barclays? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Freetrade. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingFreetradeBarclaysInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees5 Stars3.5 Stars4.5 Stars
Offering of Investments2.5 Stars4 Stars4.5 Stars
Mobile Trading4 Stars4 Stars4.5 Stars
Platforms & Tools1 Stars4 Stars4.5 Stars
Research2 Stars4.5 Stars5 Stars
Ease of Use4.5 StarsN/A4 Stars
Education3 Stars4.5 Stars3.5 Stars
ReviewFreetrade ReviewInteractive Brokers Review
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InvestmentsFreetradeBarclaysInteractive Brokers
ISAYesYesYes
SIPPYesYesYes
Share TradingYesYesYes
CFD TradingNoNoYes
FundsNoYesYes
ETFsYesYesYes
Bonds - CorporateNoYesYes
Bonds - Government (Gilts)NoYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesNoYesNo
Trading FeesFreetradeBarclaysInteractive Brokers
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£0£6£3
Share Trading: 10-19 Deals/ Month£0£6£3
Share Trading: 20+ Deals/ Month£0£6£3
5 trades per year (£30k portfolio)N/A£60£15
12 trades per year (£30k portfolio)£0£102£36
36 trades per year (£30k portfolio)£0£246£108
120 trades per year (£30k portfolio)£0£750£360
3 fund trades per year (£30k portfolio)N/A£59£24.75
Annual Custody Fee: £0 - £250,000£00.2% (minimum £48)0%
Annual Custody Fee: £250K-£500K£00.2%0%
Annual Custody Fee: £500,000 - £1m£00.2%0%
Annual Custody Fee: £1m and over£00.2%0%
Bonds - Corporate - FeeN/A£60.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - FeeN/A£60.1% (2 euro min)
ETFs - Fee£0£6£3
Investment Trusts - Fee£0£3£4.95
Telephone Dealing FeeN/A£2530 USD
Platforms & ToolsFreetradeBarclaysInteractive Brokers
Web PlatformNoYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsNoYesYes
Charting - Indicators / Studies06898
Charting - Drawing Tools11684
Charting - NotesNoYesYes
Charting - Display Corporate EventsNoNoYes
Charting - Stock OverlaysNoNoYes
Charting - Index OverlaysNoNoYes
ResearchFreetradeBarclaysInteractive Brokers
Research - SharesYesYesYes
Research - CFDsNoNoYes
Research - FundsNoYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsYesYesYes
Research - BondsNoYesYes
Portfolio Allocation BreakdownNoYesYes
EducationFreetradeBarclaysInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsNoYesNo
Has Education - RetirementYesYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)NoYesYes
Overall SummaryFreetradeBarclaysInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees5 Stars3.5 Stars4.5 Stars
Offering of Investments2.5 Stars4 Stars4.5 Stars
Mobile Trading4 Stars4 Stars4.5 Stars
Platforms & Tools1 Stars4 Stars4.5 Stars
Research2 Stars4.5 Stars5 Stars
Ease of Use4.5 StarsN/A4 Stars
Education3 Stars4.5 Stars3.5 Stars
ReviewFreetrade ReviewInteractive Brokers Review
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Freetrade vs Barclays Comparison

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

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, Freetrade offers better pricing than Interactive Brokers 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 Barclays would cost £60 per year.

12 trades per year - Freetrade would cost £0 per year, while Barclays would cost £102 per year.

36 trades per year - Freetrade would cost £0 per year, while Barclays would cost £246 per year.

120 trades per year - Freetrade would cost £0 per year, while Barclays would cost £750 per year.

3 fund trades per year - Freetrade would cost N/A per year, while Barclays would cost £59 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 Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have CFD Trading, Spread Betting and Crypto Trading. 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 Interactive Brokers is better for research than Freetrade. Interactive Brokers 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 Barclays, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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