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FinecoBank vs Freetrade 2021

Your capital is at risk.
Is FinecoBank better than Freetrade? After scoring the best share dealing accounts across 46 different variables, FinecoBank 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.


Overall Rating

Feature FinecoBank Freetrade
Overall 4.5 4
Commissions & Fees 5 5
Offering of Investments 4 2.5
Platform & Tools 3.5 1
Research 3.5 2
Education 3.5 0
FinecoBank Review Freetrade Review
Winner check_circle

Trading Fees

Feature FinecoBank Freetrade
Minimum Deposit
£0.00 £0.00
Share Trading: 0-9 Deals/ Month
£2.95 £0.00
Share Trading: 10-19 Deals/ Month
£2.95 £0.00
Share Trading: 20+ Deals/ Month
£2.95 £0.00
Annual Custody Fee: £0 - £250,000
0.25% £0.00
Bonds - Government (Gilts) - Fee
£6.95 N/A
ETFs - Fee
£2.95 £0.00
Investment Trusts - Fee
N/A £0.00
Telephone Dealing Fee
N/A N/A

Platforms & Tools

Feature FinecoBank Freetrade
Desktop Platform (Windows)
Yes No
Web Platform
Yes No
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
22
Charting - Drawing Tools
3 1
Charting - Notes
No No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes No

Research

Feature FinecoBank Freetrade
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

Investments

Feature FinecoBank Freetrade
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
Advisor Services
No No

Education

Feature FinecoBank Freetrade
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

Feature FinecoBank Freetrade
Overall 4.5 4
Commissions & Fees 5 5
Offering of Investments 4 2.5
Platform & Tools 3.5 1
Research 3.5 2
Education 3.5 0
FinecoBank Review Freetrade Review
Winner check_circle

For our 2021 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare FinecoBank 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, FinecoBank 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.

1 Trade Per Month - Freetrade is cheaper. Freetrade would only cost £0 each year while FinecoBank would cost £35.40.

3 Trades Per Month - Freetrade is less expensive under this scenario. Freetrade would cost £0 per year while FinecoBank would cost £106.20.

10 Trades Per Month - Freetrade is the better choice. Annual fees with Freetrade would total £0, while annual fees with FinecoBank would be £354.

20 Trades Per Month - Freetrade costs less in this scenario. Total annual costs with Freetrade would equal £0, while FinecoBank would equal £75.

Which broker offers a wider range of investment options?

FinecoBank offers a more diverse selection of investment options than Freetrade. FinecoBank offers investors access to ETFs, Funds, ISA, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that FinecoBank is better for research than Freetrade. FinecoBank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

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

Overall winner: FinecoBank

Read Next: Best UK Trading Platforms 2021


Related Comparisons

All pricing data was obtained from a published web site as of 10/22/2021 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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