Freetrade Customer Reviews

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review
FreeTrade Investing
Average rating:  
 285 reviews
Mar 31, 2021
by Rupert on FreeTrade Investing

This is app is super easy to use and extremely intuitive. They are always releasing new features and I love the daily reads that they offer too. Game changer!

Mar 30, 2021
by Max Toone on FreeTrade Investing

Brilliant easy to use service. Very powerful tool. Brilliant for making investing simple.

Mar 30, 2021
by Robert on FreeTrade Investing

I started using Freetrade about 2 years ago as my first foray into investing in individual stocks. I had previously been investing in low cost index funds as I was very conscious of charges and stock commissions of around £12 from traditional brokers just made stock buying not viable.

However, I discovered Freetrade soon after they launched and have been buying individual stocks at £0 commission since then! Freetrade is democratising investing where it was previously only available to people or institutions with lots of money. This is what the future looks like, giving people more access to more services and leveling the playing field. They also have a very user-friendly interface and are simplified enough for new investors while still making them aware of the risks of investing.

I have personally beaten the general stock market over the last 2-3 years that I have been investing, with a diverse portfolio of stocks. We will see if this continues, but it proves that you don't need to be a professional investor to do well in the stock market and there are gains to be made by retail investors!

Mar 30, 2021
by Sam Buttress on FreeTrade Investing

Great and easy app to start investing with, access to most of the ETFs and stocks I've wanted to invest in. No fees should be the norm and Freetrade is showing why.

Mar 29, 2021
by Tim on FreeTrade Investing

Quality platform that focuses on the important aspects of long term investing, not CFDs or derivative trading.

Mar 29, 2021
by Max on FreeTrade Investing

it's such an easy and quick app. Fractional shares, great FX rates, great service. Love it!

Mar 29, 2021
by Edward on FreeTrade Investing

So glad I found this app. Being able to access so many stocks has changed my life.

Mar 29, 2021
by Ben on FreeTrade Investing

Great customer service, easy to use app & no commission

Mar 29, 2021
by Joe Billings on FreeTrade Investing

I’ve learnt so much in just a few short months using the Freetrade app. It’s easy to use, their marketing/emails and forum provide huge amounts of valuable information and best of all, trades are free. Boom 💥

Mar 25, 2021
by Dean on FreeTrade Investing

Fantastic, changing the game.

Mar 25, 2021
by Simon on FreeTrade Investing

Great app 🙂

Mar 25, 2021
by Olly R on FreeTrade Investing

Freetrade has made getting into investing in stocks & shares so simple. I just wish there had been a platform like this 10 years ago!



For anyone daunted by investing, Free trade has first class customer service and a truly unique & engaged community board.



Look no further for the perfect long term investing platform.

Mar 25, 2021
by Nick on FreeTrade Investing

Great App, easy to use.

Mar 24, 2021
by Daily User on FreeTrade Investing

Love the app!

Mar 24, 2021
by Peter on FreeTrade Investing

Great easy to use platform for the casual investor or someone looking for an entry point to stocks and shares.

Mar 23, 2021
by jon frowski on FreeTrade Investing

does what it says on the tin with simple and easy to use interface. none of that daily trading and risk exposure with leverage nonsense. i want to invest and we should promote longer term investment over short term gambling. Really glad Freetrade team feels the same way.

Mar 23, 2021
by Shai Manor on FreeTrade Investing

Does what it says it does, without backstage shenanigans like Robinhood in the USA.

Mar 23, 2021
by Owen Brennan on FreeTrade Investing

Brilliamt platform always improving. Low fees and great ease of use. Outstanding informative community forum.Great for the begginner and seasoned investor alike.highly recommend.

Mar 23, 2021
by Johnnie SIms on FreeTrade Investing

Awesome product - great app and low cost investing fees. This is one to watch.

Mar 23, 2021
by New investor on FreeTrade Investing

I have always wanted to get into shares and investing but always put off by the big company's charges. I researched freetrade and took the plunge. Started with very small investment in an ISA. Then gradually increased with confidence. I like the simplicity of share dealing. It shows the stamp duty fee and us dollar fee on every deal. Its very cheap to buy and sell. Not like the big company's like Halifax I used to use. I like the fractional shares. You don't have to spend hundreds of pounds to buy a whole share. Especially if you want to invest in tesla or google etc! Very pleased with this platform. Well done!

Mar 23, 2021
by Dan on FreeTrade Investing

Low cost, great app, excellent investment choice and a great supporting investor community. The best app for long-term investment. Only caveat is if your looking to day trade there are probably options that are better suited. options.

Mar 23, 2021
by Petru on FreeTrade Investing

Freetrade its the best investment platform in the World. With FT i can invest every week commission free and grow my money with no charges.

Will definitely recommend to everyone.

Mar 22, 2021
by David on FreeTrade Investing

I love how easy it is to get going and investing via Freetrade.



Pricing is honest and clear (and good value), and I've recently transferred my SIPP over. Wish I could have done it earlier.



Nice community, interested to see how they grow/bring new features to market.

Mar 22, 2021
by Steven on FreeTrade Investing

Great app, user friendly and highly recommend to any investor.

Mar 22, 2021
by Alaska Kerr on FreeTrade Investing

I joined this by referral and was initially just attracted by the free share. Since then I decided to find out more about investing the money I had sitting in the bank doing nothing. I’ve always been wary of investing in the stock market as it seemed complicated and out of reach. This app has changed all that for me. It is so easy to use and has been a brilliant way for a beginner like me to dabble in the stock market. I’m gradually increasing and diversifying my portfolio as I research and become more confident about what I’m doing. There seems to be a general feel of helpfulness and support too. Great for beginners who want to dip a toe into the stock market!

Mar 22, 2021
by Gabriel on FreeTrade Investing

Great app, easy to use and lots of choices

Mar 22, 2021
by Hamish on FreeTrade Investing

Excellent app

Mar 21, 2021
by Steven Preston on FreeTrade Investing

Brilliant app for those on the go. Easy to use, simple and straightforward investing. Plenty to choice for investors. I definitely rate this platform and can see myself using it for many years to come.

Mar 21, 2021
by Fm on FreeTrade Investing

Excellent entry level app for aspiring investors.

Mar 21, 2021
by Nick on FreeTrade Investing

As Tina Turner once sang ‘Simply The Best’.

Mar 21, 2021
by Marcus on FreeTrade Investing

I'm new to investing and had FreeTrade recommended by a close friend. The app has been superb and along with my own investment research (of course) the whole process has been so simple to understand and the app really intuitive to use. Highly recommend for anyone.

Mar 20, 2021
by Marta on FreeTrade Investing

Great app

Mar 20, 2021
by Vincent on FreeTrade Investing

Great stock trader app simple and easy to you

Mar 20, 2021
by Joao on FreeTrade Investing

amazing product!!

Mar 20, 2021
by Mark Reynolds-Corden on FreeTrade Investing

Truly excellent investing app, with a solid ethos and incredible pace of development. I've switched across a number of my investments from legacy brokers to Freetrade and wouldn't look back. Easy 5 stars *****

Mar 20, 2021
by John on FreeTrade Investing

great range of shares and funds to trade free of charge

Mar 20, 2021
by Jeff on FreeTrade Investing

Great investing app, easy to use I am happy I returned from IG ( free plus member now)

Good communication, community forum .

A good all round investment company that is still evolving and has i bright future

Mar 20, 2021
by Stephen Halley on FreeTrade Investing

Fantastic life changing app from a company with a great ethos and user community. Great for growing investments without fees.

Mar 20, 2021
by Mohammad Tai on FreeTrade Investing

An amazing company with excellent customer service, wide variety of stock and an engaging forum that supports its cystomers

Mar 20, 2021
by Rob on FreeTrade Investing

Simple, low cost and easy to use app. A great place to build wealth over the long term.

Mar 20, 2021
by JP on FreeTrade Investing

Makes investing simple and accessible. It's getting better and better!

Mar 19, 2021
by Best investment app - period on FreeTrade Investing

Best app for investment, the UI is great, it is very intuitive and the overall design is fantastic. It's very easy to use but also offers a lot of insight and data to help with decision making.

Mar 19, 2021
by Paul Sharpe on FreeTrade Investing

Funky app and free transactions buying and selling. Really happy I moved front HL.

Cool functionality and amazing community forum

Mar 19, 2021
by Abubakr Elsayed on FreeTrade Investing

Amazing broker with easy to use app. Love their weekly news letter and alot of easy educational material. All around great company.

Mar 19, 2021
by Tihomir R. on FreeTrade Investing

Excellent app, great team behind it. Looking forward for further expansion to EU countries.

Mar 19, 2021
by Deryn Harrdwick on FreeTrade Investing

Great plateform making investing in stocks and share accessible for everyone. It is easy to use and has great customer service.

Mar 19, 2021
by Ifan on FreeTrade Investing

Easy to use, great selection of stocks, and very reasonable set of features for the paid versions. The 3% interest on unspent funds is certainly a nice addition in this day and age.

Mar 18, 2021
by Micheal on FreeTrade Investing

Great platform have been using for over 2 years. Have saved a substantial amount on fees

Mar 18, 2021
by Andrew on FreeTrade Investing

Low prices and alwaysexpandingits offerings a bright future for this app as well as its users

Mar 18, 2021
by Kester on FreeTrade Investing

Excellent App, great layout and simple to use. Just transferred my ISA to them, the stock selection is improving every week.

Mar 18, 2021
by Andrew.M on FreeTrade Investing

Been with the platform for over 12 months and I love it. It has a lot of promise and a good entry avenue for investors.

Mar 18, 2021
by Rafe Staples on FreeTrade Investing

free is a compelling price point. Good app but no web version. much cheaper FX prices that most large brokers. Friendly customer support.

Mar 17, 2021
by Nathan Burrows on FreeTrade Investing

Great app very easy to use highly recommend.

Mar 17, 2021
by Andrew Budge on FreeTrade Investing

Fantastic company and offers great value. I love using freetrade and find it mind boggling that people pay £12 pounds a trade when you can use freetrade and pay nothing.

Mar 17, 2021
by Andy Freeburn on FreeTrade Investing

Fantastic app - great customer service and very easy to use and clear app

Mar 17, 2021
by Corriene on FreeTrade Investing

I love using the Freetrade app. Great platform and super easy to use for first time investors 🙂

Mar 17, 2021
by Amar on FreeTrade Investing

Good.

Mar 17, 2021
by Payal Dave on FreeTrade Investing

Ease of use, nominal charges and efficient

Mar 17, 2021
by Maud Syth on FreeTrade Investing

Really easy to use, speedy deposits, though its lag on US market can be a little costly, very happy 😃

Mar 17, 2021
by Martin Georgiev on FreeTrade Investing

Great app that helped me begin my investing journey. Freetrade is easy to use, good value and the team is looking out for their clients.

Mar 17, 2021
by Mark on FreeTrade Investing

Incredible app, easily track my investments. UX design is easily understandable and speed to which you can navigate content is fast. I also find it great to monitor potential new companies though the watchlist. Freetrade Plus also gives me access to companies that we would not normally get access to.

Mar 17, 2021
by Jordan on FreeTrade Investing

I absolutely love this app! Easy to use and a good selection of stocks and ETFs to invest in! I have made a 43% return on my investments over the last year! Wow! Thanks Freetrade!

Mar 17, 2021
by John Haagensen on FreeTrade Investing

Used the app since it launched. I am really pleased and excited I have now moved in my SIPP/ Highly recommend/

Mar 16, 2021
by Tom on FreeTrade Investing

Fantastic trading platform with transparent fee structure promoting long term sustainable investing behaviours. App is easy to use with fantastic UI. Customer support and Community forum set apart from sector peers.

Mar 16, 2021
by Matthew Downham on FreeTrade Investing

Easy to use, trades are free, and this has got me into the investment habit. Love it.

Mar 16, 2021
by Lukas on FreeTrade Investing

Freetrade goes above and beyond to align their values with the customer‘s - no payment for orderflow or risky assets which is great for first time and long-term investors. Technologically, the platform is very advanced as Freetrade has built their own trading platform in the cloud, allowing low variable costs to benefit the customer. Great work, great team, and looking forward to what you will be building next!

Mar 16, 2021
by Steve on FreeTrade Investing

Excellent product; App is easy to use and the team are always very supportive.

Mar 16, 2021
by Jon on FreeTrade Investing

Superb platform and service. I've got the full package, Plus, GIA, ISA & SIPP. Extremely good value for money and I just love FreeTrade.

Mar 16, 2021
by Mo mirza on FreeTrade Investing

I love this app and the customer service is amazing.

Mar 16, 2021
by MB1704 on FreeTrade Investing

Great company, great app. ISA and SIPP in the same place and very easy to manage. Exciting company roadmap will only make investing via them even better!

Mar 16, 2021
by Jack Brooks on FreeTrade Investing

Great app and product. The company has built user trust through their revenue choices and commitment to communicate, whilst most major competitors have been exposed over the past few months.

Mar 16, 2021
by Jordan collings on FreeTrade Investing

Great app and great organisation. Making investing accessible to everyone.



Great service from the team and the community forum is a great way to interact with others!

Mar 16, 2021
by Alex on FreeTrade Investing

Brilliant app, have been using for over a year now and recently transferred my ISA across due to significantly lower fees. Great customer support and constant roll out of new features!

Mar 16, 2021
by Riz Khan on FreeTrade Investing

Great app and great ethos . Makes investing a breeze for common people .
Easy to buy stocks and ETFs across US and UK markets.

Mar 16, 2021
by Gaurav on FreeTrade Investing

Great user friendly app, that allows you to invest in stocks and ETFs any amount you like. I find Freetrade very transparant and a trustworthy company with good customer communication. I have recommended them to bunch of friends and keep recommending them. Thank you.

Mar 16, 2021
by Lara on FreeTrade Investing

Investing interface made simple. I love their values & mission to get more females investing

Mar 16, 2021
by Esteban on FreeTrade Investing

Great platform and great experience

Mar 16, 2021
by J J on FreeTrade Investing

Would recommend

Mar 16, 2021
by Agnieszka on FreeTrade Investing

Very good

Mar 16, 2021
by Simran Marwaha on FreeTrade Investing

Great app, trustworthy company consistently growing and improving their investment service and features.

Mar 16, 2021
by Alex on FreeTrade Investing

Really delighted - great product, easy to use, transparent pricing and really helpful support.

Mar 16, 2021
by Vincent on FreeTrade Investing

Great app for investing in the stock market

Mar 16, 2021
by Raul on FreeTrade Investing

My favourite app to invest in stocks. No hidden fees. Very clean and user friendly

Mar 16, 2021
by Maarten on FreeTrade Investing

Amazing app.

Mar 16, 2021
by Adam on FreeTrade Investing

Fantastic app

Mar 16, 2021
by Mark Walker-Barnett on FreeTrade Investing

Brilliant App and support team. So easy to use for buying stocks and shares as an investment. ISA was easy to set up too. Glad I switched platforms.

Mar 16, 2021
by Marcus on FreeTrade Investing

Started my stock investing journey with FT and am very happy with the app & service. Both the stock universe and product features are expanding and there is a great sense of community on the FT forum.

Mar 16, 2021
by Javier on FreeTrade Investing

so well designed and user friendly that even my septuagenarian mum can manage her investments with it!😂

Mar 16, 2021
by Sam King on FreeTrade Investing

Great app - very pleased with it

Mar 16, 2021
by Tim W on FreeTrade Investing

Started my Freetrade journey as the one of first users. Been using it ever since abs have grown my portfolio. It’s really easy to use and clear to get started.

Mar 16, 2021
by Lloyd Stanley on FreeTrade Investing

Very pleased thus far

Mar 16, 2021
by Mrs Chong on FreeTrade Investing

Fee free trading

Mar 16, 2021
by Oliver on FreeTrade Investing

Fantastic company, innovation at its finest.

Mar 16, 2021
by Pete 101 on FreeTrade Investing

The platform is growing well and offering users more diversity. Opening up the world of customised investing for people is appreciated. I do hope FreeTrade implement a feature that allows for portfolio allocation and automation. Let’s see where this goes.

Mar 16, 2021
by Stefan Trinder on FreeTrade Investing

Fantastic app, community forum and customer support.

They're really trying to do things the right way...

Mar 15, 2021
by Shaid on FreeTrade Investing

Brilliant Company with Innovating Ideas (But please make the Microsoft Icon Background White)

Mar 15, 2021
by Malte on FreeTrade Investing

Very Happy!!

Mar 15, 2021
by Matthew on FreeTrade Investing

Really user-friendly and no nonsense fees makes investing accessible for everyone. Recommend Freetrade 100% to anyone.

Mar 15, 2021
by Tom Waszkowycz on FreeTrade Investing

It's really quite fab.

Mar 15, 2021
by Venkata Botta on FreeTrade Investing

Great UI and fee free trading

Page 1 of 3:
«
 
 
1
2
3
 
»
 

What is Freetrade?

Freetrade is a commission-free stock trading app with a self-described mission of ‘getting everyone investing by making it simple and commission-free’. It currently has 500,000 users and is a member of the London Stock Exchange. Their mobile app can be downloaded free of charge and offers the following features:

  • General investing account: Commission-free investing in shares and ETFs.
  • ISA: A Stocks and shares ISA with a flat fee of £3 per month
  • Free Trade Plus: A premium investment account offering 3% interest on cash up to £4,000 and access to more stocks.
  • SIPP: A tax-efficient self-invested pension.

Easy to use, mobile and affordable, this app is a great way to take your first steps into the world of investing.

Freetrade App

The Freetrade app is free to download onto your mobile phone. With a simple, eye catching design, it allows users to access a selection of shares online with just a few thumb clicks. What really sets it apart, though, is that unlike many other share dealing services, you can buy shares free of charge. You will need to download the app rather than investing through the desktop, but once you do everything becomes pretty simple. All you need is a bank account, your national insurance number and, once verified, you’ll be ready to start trading. Here is how to buy shares.

The app was launched in the UK, but currently also operates in Canada, Germany, France, Ireland, Netherlands and Sweden.

Freetrade App Pros

  • Accessible: Simple to download and get started.
  • User friendly: Stock trading can be intimidating for newbies, but you needn’t worry about that here. The app makes it easy to view your portfolio, make trades and browse stocks.
  • Free trading: Commission free and you do not need a huge amount of money to get started. This is an app for people who want to trade on a small scale with just a few hundred pounds at a time.
  • Community: The app also has access to a friendly and vibrant community section. It’s a great place to chat, get tips and advice.

Freetrade App Cons

  • Limited information: A lot of trading apps come stacked with information and research tools to help you make your investment decisions. However, Freetrade is pretty limited. There are graphs showing historical performance, a blog and a community, but very little else. The app is all about simplicity, but that comes at the expense of detail.
  • Lack of choice: You are limited to ETFs and stocks from the UK and US which means you’ll miss out on some emerging markets and Europe. The app is developing and adding new functionality all the time, but it does limit the scope of what you can achieve.
  • Risk: This lack of scope means it is tricky to get much diversification into your portfolio.

Investing with Freetrade

Using the general investment account, you can trade shares and ETFs instantly commission free. You can download the app, view available stocks and make your trades. For the moment stocks are limited to US and UK companies so it is somewhat lacking in scale and scope, but it does offer a simple way to get started.

You can also invest in a stocks and shares ISA and a self-invested personal pension (SIPP).

The Freetrade Plus account meanwhile gives you access to 3% interest for the first £4,000 of capital and access to a wider range of shares for a monthly fee of £9.99 per month.

Compared to other apps available it is quicker and simpler. Most competitors such as Interactive Investor, AJ Bell and Hargreaves Lansdown will charge a fee per trade. However, these are more comprehensive and offer a wider choice than the somewhat limited Freetrade app.

Freetrade Pricing, Charges & Fees

Freetrade’s big selling point is commission-free trading. Although any international trade you make is free with a foreign exchange fee from spot rate of 0.45%.

This compares favourably with its competitors. Hargreaves Lansdown, for example, charges £11.95 per trade, Interactive Investor charges £7.99 while AJ Bell costs £9.95. AJ Bell also has a share dealing account fee of 0.25% while Interactive Investor charges an account free of £9.99 per month.

Where Freetrade does charge is in its subscription fees for other services:

In sheer price terms they compare very favourably with their main competitors. However, other free trading apps such as Trading 212 also offer commission-free trading.

Freetrade General Investment Account

The standard account offers commission free investment in stocks and ETFs. You are restricted to companies in the US and UK which means the whole of Europe and emerging markets are shut off to you. It offers the chance to invest in fractional shares which means you could own a piece of even some of the most expensive US stocks.

There is no commission to pay. Customer support is fast and friendly and there is an investment hub offering general information and advice about investment. It is much cheaper than other platforms, although its limited scope may feel like a problem as you become more comfortable with investing.

Freetrade Stocks & Shares ISA

A stocks and shares ISA is an individual savings account which allows you to invest your money in a range of shares, ETFs, funds and bonds. It is tax efficient with no capital gains or income tax with an annual ISA allowance of £20,000. You’ll pay a monthly fee of £3 for a Freetrade ISA and can buy stocks free of charge.

It is much more cost efficient than most comparative products. Hargreaves Lansdown, Interactive Investor and AJ Bell all charge £11.95, £7.99 and £9.95 respectively for trades. They also charge monthly fees of 0.45%, £9.99 and 0.25% as well as spot rates of between 1% and 1.5%.

Freetrade Plus Account

The Freetrade Plus account is for those who want something a little bit more. For $9.99 you can get 3% interest on cash up to £4,000 as well as having more stocks to choose from. This applies to your general trading account as well as a stocks and shares ISA. You can also place limit orders to control the price you are paying, use stop losses and receive priority customer service.

This is effectively a better value version of the basic service. Your money works harder with interest paid monthly and you’ll have access to all the stocks from the basic plan plus FTSE small cap, FTSE AIM all shares ex AIM 100 and the SBP Small Cap 600.

Freetrade SIPP

Self-invested personal pensions provide a tax efficient way to save as well as full control over your investments. They are great for people who prefer a more proactive approach to their funds in the hope of securing a superior return.

Using a SIPP allows you to contribute as much of your salary as you like and receive tax relief on contributions up to £40,000 per tax year. You can decide how your pension is invested, consolidate pensions, monitor performance and make decisions at the click of a button.

The Freetrade SIPP is £9.99 or £7.99 if you are a Freetrade Plus Member. It compares favourably with other platforms such as Hargreaves Lansdown (0.45%), Interactive Investor (£19.99 per month) and AJ Bell (0.25%)

Freetrade Share Dealing

Freetrade offers a fast, affordable, but slightly limited approach to share dealing. With their general investment account, you can invest in shares and ETFs with no commission. The lack of commission gives it a major advantage against its main competitors most of which come with a fee. The mobile app makes for a seamless, user friendly operation, but its selection is limited. You can invest in company stocks, investment trusts and ETFs with English and US companies.

The Freetrade Plus account offers the benefit of 3% interest on all cash up to £4,000 as well as more stocks and tools such as stop losses and limit orders. However, it is still a relatively small pool compared to others.

Freetrade IPOs

An initial public offering occurs when a company decides to go public. They offer a way for companies to raise money and for investors to get in on the ground floor of a company with real growth potential. Freetrade now offers the opportunity to get involved with IPOs commission-free. This is a major new string to its bow and gives it another facet against larger and more established competitors. While most charge fees, Freetrade retains the commission-free approach it offers with all its share trading. You can see a list of new and upcoming IPOs on their IPO calendar. This lists all IPOs which have been filed as well as those which are still just rumours.

Freetrade International Investing

Freetrade is primarily focused on UK stocks although it does have access to some US shares such as the S&P 600 and MSCI US Prime Market. As with all other options you can buy these shares without any commission. You can also get involved in IPOs and special purchase acquisition company. They charge a rate of 0.45% on the base FX rate of every US order placed.

However, unlike some other platforms it does not currently offer access to other territories such as Europe or emerging markets. So, while it offers a cheaper alternative to other platforms, choice is somewhat more limited.

Freetrade Investment Trusts

An investment trust is a fund with a manager who invests in a portfolio of shares based around the strategy and objectives of that fund. They can be a great way to diversify your portfolio, receive a consistent income and benefit from the expertise of the trust’s board of directors. Over the long term, most trusts tend to outperform other funds.

Using the general investing service, you can get involved in investment funds with zero commission, and 0.45% on the FX rate for any US based trusts. The Fairtrade Plus option gives you access to more investment trusts and other stocks for a monthly fee of £9.99. Both the standard and premium models are considerably more cost effective than most competitors.

Freetrade ETFs

Exchange-traded funds (ETFs) track the performance of an underlying index or bucket of stocks. It’s a low cost, and simple way to diversify your portfolio to access leading indices such as the FTSE All Share market. They are generally less expensive than actively managed funds, have fewer transactions and lower trading costs. They are also exempt from the 0.5% stamp duty rate. If you hold them as part of an ISA or SIPP, you can gain additional tax benefits.

The downside is that they are unlikely to outperform the market. Their movement will be influenced by the underlying fluctuations of the market.

You can buy and sell ETFs as part of the four main product groups. The General investment account allows you to invest commission free, while a Stocks and Shares ISA, SIPP and Freetrade Plus accounts come with small monthly fees. However, these are still much lower than most competitors.

Freetrade Investment Funds

Freetrade allows you to invest in a selection of US and UK investment funds and ETFs. Investment funds are actively managed to a specific strategy and give you the benefit of the skills and experience of their fund managers. ETFs, meanwhile, are lower cost and track the performance of an underlying group of funds. They provide a low cost, passive and tax efficient way of saving. Their movements will be influenced by the wider market, so it’s unlikely your fund will significantly outperform wider funds.

Investing in funds is quick and simple. You can do so as part of the basic or premium Freetrade Plus account or through their SIPPs or stocks and trade ISAs. You can get involved commission free on transactions with a small fee of 0.45% over the basic FX rate for US based funds.

Freetrade SPAC Stocks

Freetrade gives you access to more than 40 Special Acquisition Companies with more being added each month. A SPAC is a company formed with the sole purpose of raising funds through an IPO. Also known as blank cheque shell companies, they have become a popular way for companies to go public. They are led by a management team made up of various experts who use their knowledge of a specific industry to raise capital. SPACs generally trade by themselves until 52 days after the IPO, at which point they split into common shares and warrants which can be traded separately. It’s at this point that retail investors can get involved through Freetrade. The capital raised by the IPO is placed into a blind trust until the SPAC agrees on a merger or acquisition. They have two years to identify the merger. If they do not, the funds are returned to investors. They are becoming increasingly popular, but they carry a risk in that there is no way of knowing if the SPAC will successfully complete a merger or acquisition.

Freetrade Investment Hub

The Freetrade investment hub is a knowledge centre to support you in your investment journey. It includes latest news, trends and development in the investment space, a dictionary of terms and a guide entitled ‘get started in investing.

This offers useful tips on getting stared with investing such as choosing what to invest in, how they are taxed and how stock exchanges work. They are a useful for anyone who is new to the investment scene and wants to build up their knowledge.

The hub is constantly being updated which makes it a great way for you to not only develop your skills, but also stay up to date with the latest news.

Freetrade Community Forum

The Freetrade community forum is a place where users go to discuss the platform and investing in general. It’s a place to find out more about what’s happening with the app to debate issues, or to get general investing advice from other users. Once you’re signed up, you can contribute to existing discussions, or start a thread of your own.

It is often used by people to suggest ideas for how Freetrade can be improved. As such, Freetrade uses the forum to give its own users a say in shaping the platform and deciding what direction it should go next.

Freetrade Free Share for Referring a Friend

Freetrade’s free share for referring a friend promotion rewards you for spreading the word. If you refer a friend who signs up to the app, they will reward you with a free share worth anywhere between £3 and £200.

To take advantage of the offer, all you have to do is open the app, tap on the free share button, send it to a friend. If your friend accepts and signs up, you will both receive a free share. The stock will drop into your general investment account or you can have it added to an ISA. To qualify both you and your friend must have a fully funded account and complete the W8BEN form which lets you invest in US stocks.

Freetrade Versus Trading 212

Freetrade’s biggest rival in this space is Trading 212. Like Freetrade, it offers commission-free trading in stocks and ETFs. However, they differ in several aspects. Trading 212 is more established having been running since 2004 and has more services and stocks. While Freetrade only deals with US and UK stocks, Trading 212 offers access to Canadian stocks, Euronext and German’s Deutsche Borse. Trading 212 also offers CFD trading for higher-risk speculation.

Trading 212 also has a more comprehensive learning resource with videos and walkthroughs and also offers a demo account which gives you a chance to learn the ropes without putting capital at risk. On the other hand, Trading 212 is slightly more complicated which may make it a better option for those investors who have gained a certain amount of knowledge and confidence. While Freetrade is a great resource for newbies, Trading 212 is a good option for anyone who is looking to step things up a notch.

 Freetrade FAQs:

When investing your capital will be at risk. However, Freetrade is as secure as a trading app can be. It is authorised and regulated by the FCA and is protected by the FSCS which protects £85,000 of capital if the firm were to go bust.
Freetrade works on the freemium model. This means its basic general investing account is free forever. It makes money on other products such as the SIPP, and Freetrade Plus accounts which come with monthly subscription fees. They also charge a rate of 0.45% on the basic FX rate of all US stocks bought.
The Freetrade app is available from Google and Apple stores. You can download it to your mobile device, enter your information and you’ll be ready to go.
Yes. Lots of companies on the Freetrade app pay dividends. You’ll receive a notification every time you receive any income from an investment.
Freetrade’s basic account is commission fee. The only thing you’ll pay are fees for foreign exchange when buying US shares. It can offer this because it has optimised its costs. It also offers more premium services such as the FC Plus which offers more options for a monthly subscription fee.
At the moment no. Freetrade does not allow you to short stocks and there are no plans to add it on their current roadmap.

About Our Reviewer

This review was last updated 22.3.21