Freetrade is a UK mobile-first broker offering commission-free trading on thousands of UK and US stocks and ETFs.
✓ Pros
- Commission-free trading
- Simple mobile app
- Fractional shares
- Free basic ISA
✗ Cons
- Mobile only
- 0.45% FX fee on US stocks
- Limited analysis tools
- SIPP only on Plus
Fees & costs
- Min. deposit
- €£1
- Trading
- £0 commissie voor alle aandelen/ETF's/obligaties (Gilts & UK Treasury bills). FX-markup per abonnement: Basic 0.99%, Standard 0.59%, Plus 0.39%. Plus-abonnement: £11.99/mnd (maandelijks betaald) of £9.99/mnd (jaarlijks).
- Stock fee
- €0
- Spread
- 0.45% FX fee on US trades
- Deposits
- Free
- Withdrawals
- Free
- Inactivity
- None
Platforms & features
✓
Commission-Free Trading
£0 fees on UK and US stock trades
✓
Fractional Shares
Buy portions of expensive stocks from £2
✓
ISA Accounts
Free basic ISA, or Plus ISA for £9.99/month
✓
SIPP Pensions
Self-invested pension (Plus subscription required)
✓
AutoInvest
Automated recurring investments
✗
Paper Trading
Practice with virtual money
Who this fits best
✓ Beginners✓ mobile_first_traders✓ young_investors
Note: mobile only.
Account opening steps
- 1.
Download the App
Download Freetrade from the App Store or Google Play
- 2.
Create Account
Enter your email, phone number, and create a password
- 3.
Verify Identity
Take a photo of your ID and a selfie for verification
- 4.
Add Funds
Deposit money via bank transfer, debit card, or Apple/Google Pay
- 5.
Start Trading
Browse stocks and ETFs and buy your first investment
Frequently asked
Is Freetrade really free?
Yes, there are no trading commissions on stocks and ETFs. However, there's a 0.45% FX fee on US trades and optional Plus subscription at £9.99/month for extra features.
Is Freetrade safe?
Yes, Freetrade is authorised and regulated by the FCA. Client money is protected up to £85,000 by the FSCS.
Can I use Freetrade on desktop?
Currently, Freetrade is mobile-only (iOS and Android). There is no web platform available.
What is Freetrade Plus?
Freetrade Plus is a £9.99/month subscription that includes access to more stocks, a Stocks & Shares ISA, SIPP access, and higher interest on uninvested cash.
Does Freetrade offer an ISA?
Yes, Freetrade offers a free basic Stocks & Shares ISA with limited stocks. Plus subscribers get access to the full range of investments in their ISA.
What are fractional shares?
Fractional shares let you buy a portion of an expensive stock. You can invest from £2 regardless of the share price.
How long does it take to open a Freetrade account?
Account opening typically takes a few hours. You'll need to verify your identity with a photo of your ID and a selfie.