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Freetrade vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than eToro? After scoring the best share dealing accounts across 46 different variables, Freetrade is better than eToro. 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 RatingFreetradeeToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 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 3.5/5 Stars
Research 2/5 Stars 3/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3/5 Stars 3.5/5 Stars
Review Freetrade Review eToro Review
Winner check_circle
InvestmentsFreetradeeToro
ISA Yes No
SIPP Yes No
Share Trading Yes Yes
CFD Trading No Yes
Funds No No
ETFs Yes Yes
Bonds - Corporate No No
Bonds - Government (Gilts) No No
Investment Trusts Yes No
Spread Betting No No
Crypto Trading No Yes
Advisor Services No No
Trading FeesFreetradeeToro
Minimum Deposit £0.0 £10.0
Share Trading: 0-9 Deals/ Month £0 £0 (Other Fees Apply)
Share Trading: 10-19 Deals/ Month £0 £0 (Other Fees Apply)
Share Trading: 20+ Deals/ Month £0 £0 (Other Fees Apply)
5 trades per year (£30k portfolio) N/A £154
12 trades per year (£30k portfolio) £0 £154
36 trades per year (£30k portfolio) £0 £154
120 trades per year (£30k portfolio) £0 £154
3 fund trades per year (£30k portfolio) N/A N/A
Annual Custody Fee: £0 - £250,000 £0 £0 (Other Fees Apply)
Annual Custody Fee: £250K-£500K £0 £0 (Other Fees Apply)
Annual Custody Fee: £500,000 - £1m £0 £0 (Other Fees Apply)
Annual Custody Fee: £1m and over £0 £0 (Other Fees Apply)
Bonds - Corporate - Fee N/A N/A
Bonds - Government (Gilts) - Fee N/A N/A
ETFs - Fee £0 £0 (Other Fees Apply)
Investment Trusts - Fee £0 N/A
Telephone Dealing Fee N/A N/A
Platforms & ToolsFreetradeeToro
Web Platform No Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts No Yes
Charting - Indicators / Studies 0 66
Charting - Drawing Tools 1 13
Charting - Notes No No
Charting - Display Corporate Events No No
Charting - Stock Overlays No Yes
Charting - Index Overlays No Yes
ResearchFreetradeeToro
Research - Shares Yes Yes
Research - CFDs No No
Research - Funds No No
Fund Research - Research Reports No No
Research - ETFs Yes Yes
Research - Bonds No No
Portfolio Allocation Breakdown No Yes
EducationFreetradeeToro
Has Education - Share Trading Yes Yes
Has Education - Funds No No
Has Education - Retirement Yes No
Client Webinars No Yes
Client Webinars (Archived) No Yes
Overall SummaryFreetradeeToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 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 3.5/5 Stars
Research 2/5 Stars 3/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3/5 Stars 3.5/5 Stars
Review Freetrade Review eToro Review
Winner check_circle
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Freetrade vs eToro Comparison

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

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 eToro 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 eToro would cost £154 per year.

12 trades per year - Freetrade would cost £0 per year, while eToro would cost £154 per year.

36 trades per year - Freetrade would cost £0 per year, while eToro would cost £154 per year.

120 trades per year - Freetrade would cost £0 per year, while eToro would cost £154 per year.

3 fund trades per year - Freetrade would cost N/A per year, while eToro would cost N/A 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 eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, neither have Funds, Bonds - Corporate, Bonds - Government (Gilts), Spread Betting 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 eToro is better for research than Freetrade. eToro 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 eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, eToro 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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Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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