Freetrade vs DEGIRO 2023

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, DEGIRO 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 DEGIRO would cost £13.75 per year.

12 trades per year - Freetrade would cost £0 per year, while DEGIRO would cost £33 per year.

36 trades per year - Freetrade would cost £0 per year, while DEGIRO would cost £99 per year.

120 trades per year - Freetrade would cost £0 per year, while DEGIRO would cost £330 per year.

3 fund trades per year - Freetrade would cost N/A per year, while DEGIRO would cost £67.5 per year.

Freetrade offers investors access to ISA, SIPP, Share Trading, 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.

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

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