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Freetrade vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is Freetrade better than eToro? After scoring the best share dealing accounts across 46 different variables, our analysis finds that 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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Compare

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Overall Rating Freetrade eToro
Overall Rating info 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
Investments Freetrade eToro
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info No Yes
Funds info No No
ETFs info Yes Yes
Bonds - Corporate info No No
Bonds - Government (Gilts) info No No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No Yes
Advisor Services info No No
Trading Fees Freetrade eToro
Minimum Deposit info £0.0 £50.0
Share Trading: 0-9 Deals/ Month info £0 £0 (Other Fees Apply)
Share Trading: 10-19 Deals/ Month info £0 £0 (Other Fees Apply)
Share Trading: 20+ Deals/ Month info £0 £0 (Other Fees Apply)
5 trades per year (£30k portfolio) info £0 £154
12 trades per year (£30k portfolio) info £0 £154
36 trades per year (£30k portfolio) info £0 £154
120 trades per year (£30k portfolio) info £0 £154
3 fund trades per year (£30k portfolio) info N/A N/A
Annual Custody Fee: £0 - £250,000 info £0 £0 (Other Fees Apply)
Annual Custody Fee: £250K-£500K info £0 £0 (Other Fees Apply)
Annual Custody Fee: £500,000 - £1m info £0 £0 (Other Fees Apply)
Annual Custody Fee: £1m and over info £0 £0 (Other Fees Apply)
Bonds - Corporate - Fee info N/A N/A
Bonds - Government (Gilts) - Fee info N/A N/A
ETFs - Fee info £0 £0 (Other Fees Apply)
Investment Trusts - Fee info £0 N/A
Telephone Dealing Fee info N/A N/A
Platforms & Tools Freetrade eToro
Web Platform info No Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No Yes
Charting - Indicators / Studies info 0 66
Charting - Drawing Tools info 1 13
Charting - Notes info No No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No Yes
Research Freetrade eToro
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info No No
Fund Research - Research Reports info No No
Research - ETFs info Yes Yes
Research - Bonds info No No
Portfolio Allocation Breakdown info No Yes
Education Freetrade eToro
Education (Share Trading) info Yes Yes
Education (Funds) info No No
Education (Retirement) info Yes No
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Overall Summary Freetrade eToro
Overall Rating info 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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Comparing online share dealing platforms side by side is no small task. For our 2022 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 eToro.

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.

Is Freetrade a good broker?

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.

Is eToro a good broker?

Aside from some hidden fees and a limited research area, eToro does a very good job. It offers a functional and easy-to-use platform, with the bonus of an excellent copy trading option as well as zero-commission stock trades. Its only other limitation is that it doesn’t offer the same breadth of investments as many of the more traditional brokers.

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 £0 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 £0.0 per year, while eToro would cost £50.0 per year.

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

Freetrade requires a minimum deposit of £0.0, while eToro requires a minimum deposit of £50.0. From our testing we found for accounts between £0 - £250,000 Freetrade charges annual custody fees of £0, while eToro charges annual custody fees of £0 (Other Fees Apply).

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.

Do Freetrade and eToro 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 eToro offers traders access to neither of these accounts.

Do Freetrade and eToro 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 and eToro offer crypto investing.

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, our analysis finds that eToro offers a better share dealing platform and Freetrade offers a better stock app for mobile trading.

Do Freetrade and eToro 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) and Education (Retirement), while eToro offers access to Client Webinars, Client Webinars (Archived) and Education (Share Trading). Neither have Education (Funds).

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2022


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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