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eToro vs Freetrade 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is eToro better than Freetrade? After scoring the best share dealing accounts across 46 different variables, our analysis finds that eToro is better than Freetrade. EToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.

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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity International
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxXTB

Compare

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Overall Rating eToro Freetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 4/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 3/5 Stars
Ease of Use 4/5 Stars 5/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Review eToro Review Freetrade Review
Winner check_circle
Investments eToro Freetrade
ISA info No Yes
SIPP info No Yes
Share Trading info Yes No
CFD Trading info Yes No
Funds info No No
ETFs info Yes Yes
Bonds - Corporate info No No
Bonds - Government (Gilts) info No No
Investment Trusts info No Yes
Spread Betting info No No
Crypto Trading info Yes No
Advisor Services info No No
Trading Fees eToro Freetrade
Minimum Deposit info £50.0 £1.0
Share Trading: 0-9 Deals/ Month info £0 £0
Share Trading: 10-19 Deals/ Month info £0 £0
Share Trading: 20+ Deals/ Month info £0 £0
5 trades per year (£30k portfolio) info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
12 trades per year (£30k portfolio) info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
36 trades per year (£30k portfolio) info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
120 trades per year (£30k portfolio) info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
3 fund trades per year (£30k portfolio) info N/A N/A
Annual Custody Fee: £0 - £250,000 info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £250K-£500K info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £500,000 - £1m info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £1m and over info £0 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Bonds - Corporate - Fee info N/A N/A
Bonds - Government (Gilts) - Fee info N/A N/A
ETFs - Fee info £0 £0
Investment Trusts - Fee info N/A £0
Telephone Dealing Fee info N/A N/A
Broker Screenshots eToro Freetrade
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools eToro Freetrade
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 105 0
Charting - Drawing Tools info 19 0
Charting - Notes info Yes No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research eToro Freetrade
Research - Shares info Yes Yes
Research - CFDs info Yes 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 Yes Yes
Education eToro Freetrade
Education (Share Trading) info Yes Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary eToro Freetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 4/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 3/5 Stars
Ease of Use 4/5 Stars 5/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Review eToro Review Freetrade Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare eToro and Freetrade.

eToro vs Freetrade Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare eToro vs Freetrade.

Is eToro a good broker?

EToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.

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.

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, eToro 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 - eToro would cost £0 per year, while Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year.

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

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

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

3 fund trades per year - eToro would cost £50.0 per year, while Freetrade would cost £1.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

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

eToro requires a minimum deposit of £50.0, while Freetrade requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 eToro charges annual custody fees of £0, while Freetrade charges annual custody fees of £0 (Basic plan), £71.88 (Standard), £143.88 (Plus).

Which broker offers a wider range of investment options?

eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, while Freetrade offers investors access to ISA, SIPP, ETFs and Investment Trusts. 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 eToro and Freetrade 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 eToro offers traders access to neither of these accounts, while Freetrade offers traders access to SIPP and ISA accounts.

Do eToro and Freetrade 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 eToro nor Freetrade offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of eToro is better than the website of Freetrade. eToro 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 eToro and Freetrade, we tested each broker's stock trading app. All features compared, our analysis finds that eToro offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

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

Overall winner: eToro

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