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Freetrade vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is Freetrade better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Freetrade is better than DEGIRO. Overall Freetrade is a great platform to help you get to grips with investing. Costs are low, and its user-friendly mobile app offers great investment inspiration. Sophisticated investors, however, may find that other platforms offer a wider range of investment options and tools.

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Broker Screenshots Freetrade DEGIRO
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Overall Rating Freetrade DEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 3/5 Stars 3/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Review Freetrade Review DEGIRO Review
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Investments Freetrade DEGIRO
ISA info Yes No
SIPP info Yes No
Share Trading info No Yes
CFD Trading info No No
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Freetrade DEGIRO
Minimum Deposit info £1.0 £0.0
Share Trading: 0-9 Deals/ Month info £0 £1.75 + £1 handling fee
Share Trading: 10-19 Deals/ Month info £0 £1.75 + £1 handling fee
Share Trading: 20+ Deals/ Month info £0 £1.75 + £1 handling fee
5 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £13.75
12 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £33
36 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £99
120 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £330
3 fund trades per year (£30k portfolio) info N/A £67.5
Annual Custody Fee: £0 - £250,000 info £0, £71.88, £143.88 0.20%
Annual Custody Fee: £250K-£500K info £0, £71.88, £143.88 0.20%
Annual Custody Fee: £500,000 - £1m info £0, £71.88, £143.88 0.20%
Annual Custody Fee: £1m and over info £0, £71.88, £143.88 0.20%
Bonds - Corporate - Fee info N/A € 2.00 + €1 handling fee
Bonds - Government (Gilts) - Fee info N/A € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)
ETFs - Fee info £0 €2 + 0.03%
Investment Trusts - Fee info £0 € 2.00 + €1 handling fee
Telephone Dealing Fee info N/A £8.50 surcharge £1.75 + £1 handling fee
Platforms & Tools Freetrade DEGIRO
Web Platform info No Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No No
Charting - Indicators / Studies info 0 13
Charting - Drawing Tools info 0 9
Charting - Notes info No Yes
Charting - Display Corporate Events info No Yes
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No Yes
Research Freetrade DEGIRO
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info No Yes
Fund Research - Research Reports info No No
Research - ETFs info Yes No
Research - Bonds info No No
Portfolio Allocation Breakdown info Yes No
Education Freetrade DEGIRO
Education (Share Trading) info Yes Yes
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary Freetrade DEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 3/5 Stars 3/5 Stars
Research [DELETED] N/A N/A
Ease of Use 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Review Freetrade Review DEGIRO Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2023 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Freetrade and DEGIRO.

Freetrade vs DEGIRO Comparison

For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade vs DEGIRO.

Is Freetrade a good broker?

Overall Freetrade is a great platform to help you get to grips with investing. Costs are low, and its user-friendly mobile app offers great investment inspiration. Sophisticated investors, however, may find that other platforms offer a wider range of investment options and tools.

Is DEGIRO a good broker?

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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 DEGIRO 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 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while DEGIRO would cost £13.75 per year.

12 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while DEGIRO would cost £33 per year.

36 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while DEGIRO would cost £99 per year.

120 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while DEGIRO would cost £330 per year.

3 fund trades per year - Freetrade would cost £1.0 per year, while DEGIRO would cost £0.0 per year.

How do Freetrade and DEGIRO compare in terms of minimum deposits required?

Freetrade requires a minimum deposit of £1.0, while DEGIRO requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Freetrade charges annual custody fees of £0, £71.88, £143.88, while DEGIRO charges annual custody fees of 0.20%.

Which broker offers a wider range of investment options?

Freetrade offers investors access to ISA, SIPP, ETFs and Investment Trusts, while DEGIRO offers investors access to 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.

Do Freetrade and DEGIRO offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Freetrade offers traders access to SIPP and ISA accounts, while DEGIRO offers traders access to neither of these accounts.

Do Freetrade and DEGIRO offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Freetrade nor DEGIRO offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Freetrade is better than the website of DEGIRO. Freetrade offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Freetrade and DEGIRO, we tested each broker's stock trading app. All features compared, our analysis finds that Freetrade offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Freetrade and DEGIRO offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Freetrade offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while DEGIRO offers access to Education (Share Trading). Neither have Client Webinars and Client Webinars (Archived).

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2023


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