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