Freetrade is known for its low-cost, commission-free model allowing traders fractional shares, with regulation from the FCA. It also offers good-quality education accompanied by a solid, user-friendly, gamified mobile trading app.
Although Freetrade has low costs and pricing, there are a few negatives. Investment options and research are limited. They also lack an online trading platform, which is only in beta mode for Freetrade Plus members as of this writing. Hence, Freetrade lagged industry leaders in our review of best trading platforms in the U.K. Our take: Freetrade is one to watch for the future.
Freetrade pros & cons
- Hardly any hidden costs or fees and zero commission for trading major U.K. and U.S. shares (there is a forex fee for non-GBP deposits of spot + 0.45%).
- ETFs, stocks, investment trusts, fractional shares, REITs, and SPACs are all available to trade.
- Moderate educational offering.
- Easy-to-use mobile trading app.
- Limited research available, apart from market news and an emailed newsletter, Honey.
- Online trading platform is in beta and only available for Freetrade Plus members at time of publication.
- You cannot invest in bonds or funds.
Freetrade stock app tour
For the 2023 StockBrokers.com U.K. Review, we assessed, rated, and ranked 11 U.K. share dealing platforms over a 10-week time period. Each broker was exhaustively tested on all available platforms and graded on 53 different variables. In total, over 17,000 words of research were produced.
Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors with quality data they can trust. Our team.
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