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Freetrade

Founded 2015 Headquartered United Kingdom ✓ FCA

Freetrade is a UK mobile-first broker with £0 commission per trade on thousands of UK and US stocks and ETFs; FX fees, plan fees and stamp duty on UK shares can apply.

✓ Pros
  • £0 commission per trade
  • Simple app (mobile and web)
  • Fractional shares
  • ISA and SIPP on all plans
✗ Cons
  • FX fee of 0.39% to 0.99% on non-GBP trades
  • Limited analysis tools
  • Lower FX fees require a paid plan

Fees & costs

Min. deposit
€£1
Trading
£0 commissie voor alle aandelen/ETF's/obligaties (Gilts & UK Treasury bills). FX-kosten per abonnement: Basic 0.99%, Standard 0.59%, Plus 0.39%. Abonnementen: Basic £0; Standard £5.99/mnd (of £4.99/mnd bij jaarbetaling); Plus £11.99/mnd (of £9.99/mnd bij jaarbetaling). Zegelbelasting 0.5% op Britse aandelen.
Stock fee
£0
Spread
FX-kosten op transacties in vreemde valuta: 0.99% (Basic), 0.59% (Standard), 0.39% (Plus)
Deposits
Free
Withdrawals
Free
Inactivity
None

Platforms & features

✓
£0 Commission per Trade
£0 dealing commission on UK and US stock trades
✓
Fractional Shares
Buy portions of expensive stocks from £2
✓
ISA Accounts
Stocks & Shares ISA on every plan, with no account fees
✓
SIPP Pensions
Self-invested pension included on all plans
✓
AutoInvest
Automated recurring investments
✗
Paper Trading
Practice with virtual money

Who this fits best

✓ Beginners✓ mobile_first_traders✓ young_investors

Note: fx fee of 0.39% to 0.99% on non-gbp trades.

Account opening steps

  1. 1.

    Download the App

    Download Freetrade from the App Store or Google Play

  2. 2.

    Create Account

    Enter your email, phone number, and create a password

  3. 3.

    Verify Identity

    Take a photo of your ID and a selfie for verification

  4. 4.

    Add Funds

    Deposit money via bank transfer, debit card, or Apple/Google Pay

  5. 5.

    Start Trading

    Browse stocks and ETFs and buy your first investment

Editorial review

Freetrade is een Britse beleggingsapp, opgericht in 2015, gereguleerd door de FCA en onderdeel van IG Group. Het platform biedt meer dan 8.600 beleggingen (aandelen, ETF's, fondsen en meer) zonder commissie per transactie. Freetrade werkt met drie abonnementen: Basic (£0), Standard (£5,99 per maand, of £4,99 per maand bij jaarbetaling) en Plus (£11,99 per maand, of £9,99 per maand bij jaarbetaling). Een ISA en een SIPP zijn beschikbaar op alle abonnementen. Er is geen minimale storting; je kunt starten vanaf £1.

Handelen gaat met £0 commissie via een eenvoudige app of via de webversie; FX-kosten en zegelbelasting op Britse aandelen kunnen gelden. Fractionele aandelen zijn beschikbaar, zodat je met kleine bedragen kunt beginnen. Bij transacties in een andere valuta dan het pond rekent Freetrade FX-kosten: 0,99% bij Basic, 0,59% bij Standard en 0,39% bij Plus. Op Britse aandelen geldt 0,5% zegelbelasting. Bekijk zelf welke analysetools je nodig hebt voordat je kiest.

Freetrade past bij Britse beleggers die via een ISA willen beleggen, die eenvoud boven uitgebreide tools stellen en vooral via hun smartphone handelen. Actieve traders of beleggers die geavanceerde analyse nodig hebben, vinden het aanbod beperkt.

Frequently asked

What does Freetrade cost?
The Basic plan costs £0 per month and there is no dealing commission on any plan. Other costs apply: an FX fee on non-GBP trades (0.99% Basic, 0.59% Standard, 0.39% Plus), 0.5% stamp duty on UK share purchases, and the paid Standard (£5.99/month) and Plus (£11.99/month) plans if you choose them.
Is Freetrade safe?
Freetrade is authorised and regulated by the FCA. If the firm fails, the FSCS protects investments up to £85,000 and eligible cash up to £120,000.
Can I use Freetrade on desktop?
Yes. Freetrade is available as an app (iOS and Android) and as a web platform in your browser.
What is Freetrade Plus?
Freetrade Plus costs £11.99 per month (£9.99 per month if billed annually). It has the lowest FX fee of the three plans (0.39%) and 3.5% AER interest on up to £3,000 of uninvested cash (rate shown on Freetrade's plan page; rates can change). An ISA and a SIPP are available on every plan.
Does Freetrade offer an ISA?
Yes, a Stocks & Shares ISA is available on every plan, including Basic. The ISA has no account fees; other charges, such as FX fees, may apply.
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.

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