UK.StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Fineco Bank vs Freetrade 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Fineco Bank better than Freetrade? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Freetrade. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

Select Brokers×
Overall RatingFineco BankFreetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 2.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 1/5 Stars
Research 3.5/5 Stars 2/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Fineco Bank Review Freetrade Review
Winner check_circle
InvestmentsFineco BankFreetrade
ISA Yes Yes
SIPP No Yes
Share Trading Yes Yes
CFD Trading Yes No
Funds Yes No
ETFs Yes Yes
Bonds - Corporate Yes No
Bonds - Government (Gilts) Yes No
Investment Trusts No Yes
Spread Betting No No
Crypto Trading No No
Advisor Services No No
Trading FeesFineco BankFreetrade
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £2.95 £0
Share Trading: 10-19 Deals/ Month £2.95 £0
Share Trading: 20+ Deals/ Month £2.95 £0
5 trades per year (£30k portfolio) £75 N/A
12 trades per year (£30k portfolio) £35.4 £0
36 trades per year (£30k portfolio) £106.2 £0
120 trades per year (£30k portfolio) £354 £0
3 fund trades per year (£30k portfolio) £14.75 N/A
Annual Custody Fee: £0 - £250,000 0.25% £0
Annual Custody Fee: £250K-£500K 0.15% £0
Annual Custody Fee: £500,000 - £1m 0.15% £0
Annual Custody Fee: £1m and over 0.05% £0
Bonds - Corporate - Fee £6.95 N/A
Bonds - Government (Gilts) - Fee £6.95 N/A
ETFs - Fee £2.95 £0
Investment Trusts - Fee N/A £0
Telephone Dealing Fee N/A N/A
Platforms & ToolsFineco BankFreetrade
Web Platform Yes No
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes No
Charting - Indicators / Studies 22 0
Charting - Drawing Tools 3 1
Charting - Notes No No
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes No
Charting - Index Overlays Yes No
ResearchFineco BankFreetrade
Research - Shares Yes Yes
Research - CFDs No No
Research - Funds Yes No
Fund Research - Research Reports No No
Research - ETFs Yes Yes
Research - Bonds Yes No
Portfolio Allocation Breakdown Yes No
EducationFineco BankFreetrade
Has Education - Share Trading No Yes
Has Education - Funds No No
Has Education - Retirement No Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Overall SummaryFineco BankFreetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 2.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 1/5 Stars
Research 3.5/5 Stars 2/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Fineco Bank Review Freetrade Review
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • 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
Compare 0 of 5
arrow_upward

Fineco Bank vs Freetrade Comparison

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

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, Fineco Bank 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 - Fineco Bank would cost £75 per year, while Freetrade would cost N/A per year.

12 trades per year - Fineco Bank would cost £35.4 per year, while Freetrade would cost £0 per year.

36 trades per year - Fineco Bank would cost £106.2 per year, while Freetrade would cost £0 per year.

120 trades per year - Fineco Bank would cost £354 per year, while Freetrade would cost £0 per year.

3 fund trades per year - Fineco Bank would cost £14.75 per year, while Freetrade would cost N/A per year.

Which broker offers a wider range of investment options?

Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs and Investment Trusts, neither have 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 Fineco Bank is better for research than Freetrade. Fineco Bank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

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

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


Was this helpful?
Yes or No

close