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Freetrade vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, Freetrade is better than DEGIRO. Freetrade's commission-free model allows trading of fractional shares with a user-friendly mobile trading app, and the educational offering is of good quality. Research and range of investments are limited, however, and its online trading platform is still in beta and not available to all customers.

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Overall RatingFreetradeDEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 2.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 1/5 Stars 3/5 Stars
Research 2/5 Stars 2.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3/5 Stars
Review Freetrade Review DEGIRO Review
Winner check_circle
InvestmentsFreetradeDEGIRO
ISA Yes No
SIPP Yes No
Share Trading Yes Yes
CFD Trading No No
Funds No Yes
ETFs Yes Yes
Bonds - Corporate No Yes
Bonds - Government (Gilts) No Yes
Investment Trusts Yes Yes
Spread Betting No No
Crypto Trading No No
Advisor Services No No
Trading FeesFreetradeDEGIRO
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £0 £1.75 + £1 handling fee
Share Trading: 10-19 Deals/ Month £0 £1.75 + £1 handling fee
Share Trading: 20+ Deals/ Month £0 £1.75 + £1 handling fee
5 trades per year (£30k portfolio) N/A £13.75
12 trades per year (£30k portfolio) £0 £33
36 trades per year (£30k portfolio) £0 £99
120 trades per year (£30k portfolio) £0 £330
3 fund trades per year (£30k portfolio) N/A £67.5
Annual Custody Fee: £0 - £250,000 £0 0.20%
Annual Custody Fee: £250K-£500K £0 0.20%
Annual Custody Fee: £500,000 - £1m £0 0.20%
Annual Custody Fee: £1m and over £0 0.20%
Bonds - Corporate - Fee N/A € 2.00 + €1 handling fee
Bonds - Government (Gilts) - Fee N/A € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)
ETFs - Fee £0 €2 + 0.03%
Investment Trusts - Fee £0 € 2.00 + €1 handling fee
Telephone Dealing Fee N/A £8.50 surcharge £1.75 + £1 handling fee
Platforms & ToolsFreetradeDEGIRO
Web Platform No Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts No No
Charting - Indicators / Studies 0 13
Charting - Drawing Tools 1 9
Charting - Notes No Yes
Charting - Display Corporate Events No Yes
Charting - Stock Overlays No Yes
Charting - Index Overlays No Yes
ResearchFreetradeDEGIRO
Research - Shares Yes Yes
Research - CFDs No No
Research - Funds No Yes
Fund Research - Research Reports No No
Research - ETFs Yes No
Research - Bonds No No
Portfolio Allocation Breakdown No No
EducationFreetradeDEGIRO
Has Education - Share Trading Yes Yes
Has Education - Funds No No
Has Education - Retirement Yes No
Client Webinars No No
Client Webinars (Archived) No No
Overall SummaryFreetradeDEGIRO
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 2.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 1/5 Stars 3/5 Stars
Research 2/5 Stars 2.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3/5 Stars
Review Freetrade Review DEGIRO Review
Winner check_circle
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Freetrade vs DEGIRO Comparison

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

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, 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.

Which broker offers a wider range of investment options?

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.

Which broker offers better research?

Our testing concluded that DEGIRO is better for research than Freetrade. DEGIRO 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 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.

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2022


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