Written by StockBrokers.com
In this head to head comparison of Freetrade vs Revolut, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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 Revolut 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 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Revolut would cost £0 per year.
12 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Revolut would cost £0 per year.
36 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Revolut would cost £47.88 per year.
120 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Revolut would cost £540 per year.
3 fund trades per year - Freetrade would cost £1 per year, while Revolut would cost £0 - £540 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
Freetrade and Revolut each offer unique investment opportunities for UK investors seeking to expand their financial portfolios. Freetrade provides options for trading shares, ETFs, and investment trusts, catering to individuals interested in more traditional securities. Revolut, on the other hand, allows share trading and opens the door to the dynamic world of cryptocurrencies, appealing to those interested in digital assets. Nevertheless, both platforms currently do not support spread betting, CFD trading, or trading in funds, corporate bonds, or government bonds.
When considering ratings, Freetrade edges ahead with a 4-star rating from UK.StockBrokers.com and ranks 17th out of 21 brokers for investment choices. Revolut follows closely with a 3.5-star rating and a 19th place ranking. Despite their differences, both services lack advisor services, highlighting their focus on providing straightforward self-directed investment platforms. Each platform, therefore, provides varied avenues depending on whether you're leaning towards conventional or digital markets.
| Feature |
Freetrade
|
Revolut
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | No |
| Funds | No | No |
| Bonds - Government (Gilts) | No | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | Yes |
| Advisor Services | No | No |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
Freetrade and Revolut both provide essential online trading services, though their charting tools are quite basic. Neither platform showcases corporate events within their charts, and both are missing drawing tools, technical indicators, and features for adding notes or overlays. This makes them suitable for users who prioritize simplicity over complex charting capabilities. If you're looking for a straightforward interface without the need for detailed technical analysis tools, both Freetrade and Revolut might meet your needs.
Where Freetrade stands out is in its browser-based platform, which isn't available with Revolut. However, both brokers offer the convenience of setting stock price alerts and provide real-time market data, ensuring you stay updated on the latest market changes. These features cater to beginners or everyday traders in the UK seeking a user-friendly entry into stock trading, with Freetrade offering a slight edge for those who prefer trading on a computer browser.
| Feature |
Freetrade
|
Revolut
|
|---|---|---|
| Web Platform | Yes | No |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 0 |
| Charting - Drawing Tools | 0 | 0 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
For UK residents considering online investment platforms for their retirement savings, Freetrade and Revolut offer different account options. Freetrade provides both ISA and SIPP accounts, allowing users to benefit from tax-efficient savings and pension investments. In contrast, Revolut does not offer ISA or SIPP accounts, focusing more on general banking and investment services rather than specific retirement options. Choosing between the two depends on whether you need access to retirement-focused accounts like ISAs and SIPPs, making Freetrade a suitable choice if these are your primary considerations.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK users interested in online trading, both Freetrade and Revolut offer convenient mobile apps available on iPhone and Android devices. According to UK.StockBrokers.com, both platforms' mobile apps are rated at 4 out of 5 stars, reflecting a balanced level of satisfaction among users. However, when ranked against 21 brokers for mobile app performance, Freetrade takes the edge at 12th place, while Revolut follows closely at 14th. This subtle distinction may guide users in choosing between these apps based on their specific trading needs and preferences.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors between Freetrade and Revolut in the UK, Freetrade provides a more comprehensive offering. While neither platform conducts educational webinars, Freetrade covers important investment topics such as share trading, funds, and retirement, areas where Revolut lacks educational support. Both brokers receive a beginner education rating of 3.5 stars from UK.StockBrokers.com. However, Freetrade ranks higher, securing the 16th position out of 21 brokers, whereas Revolut trails behind at 21st. This suggests that Freetrade may be a better choice for new investors looking to build foundational knowledge in investing.
| Feature |
Freetrade
|
Revolut
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When it comes to market research features for UK investors, Freetrade and Revolut have a few similarities and differences. Both platforms do not provide research reports for funds, but they allow users to see their portfolio allocation by asset class, which can help in managing investments strategically. In terms of shares research, both Freetrade and Revolut offer helpful insights. However, if you're interested in ETFs (Exchange Traded Funds) research, Freetrade provides access to this feature, while Revolut does not. Neither platform offers research on funds, CFDs, or bonds, making them more suitable for investors who focus on shares and, in the case of Freetrade, ETFs. Overall, both services offer basic research capabilities, with Freetrade having a slight edge for those interested in ETF insights.
| Feature |
Freetrade
|
Revolut
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | No |
| Research - Bonds | No | No |
| Research - Funds | No | No |
| Fund Research - Research Reports | No | No |
| Portfolio Allocation Breakdown | Yes | Yes |
Which broker is better overall, Freetrade or Revolut? After collecting more than 900 data points over a 10-week period, we found Freetrade to be a better trading platform overall.
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.
| Feature |
Freetrade
|
Revolut
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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While Freetrade does not offer crypto trading, Revolut provides this feature, making Revolut an appealing option for those interested in cryptocurrency investments.
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0 of 5| Overall Rating | Freetrade | Revolut | |
|---|---|---|---|
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| Mobile App |
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| Website |
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| Review | Freetrade Review | Revolut Review | |
| Winner | check_circle |
| Investments | Freetrade | Revolut | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | No | |
| Funds | No | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | No | No | |
| Bonds - Government (Gilts) | No | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Freetrade | Revolut | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 - £540 | |
| Share Trading: 0-9 Deals/ Month | £0 | £0 | |
| Share Trading: 10-19 Deals/ Month | £0 | 0.25% or £1 | |
| Share Trading: 20+ Deals/ Month | £0 | 0.25% or £1 | |
| 5 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| 12 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| 36 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £47.88 | |
| 120 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £540 | |
| 3 fund trades per year (£30k portfolio) | N/A | N/A | |
| Annual Custody Fee: £0 - £250,000 | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 - £45 | |
| Annual Custody Fee: £250K-£500K | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 - £45 | |
| Annual Custody Fee: £500,000 - £1m | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 - £45 | |
| Annual Custody Fee: £1m and over | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 - £45 | |
| Bonds - Corporate - Fee | N/A | N/A | |
| Bonds - Government (Gilts) - Fee | N/A | N/A | |
| ETFs - Fee | £0 | N/A | |
| Investment Trusts - Fee | £0 | N/A | |
| Telephone Dealing Fee | N/A | N/A |
| Broker Screenshots | Freetrade | Revolut | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
| Platforms & Tools | Freetrade | Revolut | |
|---|---|---|---|
| Web Platform | Yes | No | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 0 | |
| Charting - Drawing Tools | 0 | 0 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | Freetrade | Revolut | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | No | No | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | No | No | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Freetrade | Revolut | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Freetrade | Revolut | |
|---|---|---|---|
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| Review | Freetrade Review | Revolut Review | |
| Winner | check_circle |
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