Freetrade Review: Are they safe to trade stocks and is it really free?

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I’ve been following Freetrade since it’s inception and test out the app every time they have a big upgrade or product release. So, this review has been updated just after I interviewed Freetrade’s CEO Adam Dodds about their UK Treasury Bills offering. Over the years Freetrade has won a couple of Good Money Guide Awards, in 2019 Freetrade won “People’s Choice” and in 2012 “Best Commission Free Stockbroker”. I first interviewed Adam in 2018 and since then Freetrade has come along way. But, is Freetrade a good investing app and is trading really free?

Richard’s Review

Freetrade Review
freetrade review

Name: Freetrade

Description: Freetrade is one of the original and biggest commission free investing apps in the UK. It now offers, GIAs, ISAs and SIPPs to over 1.5million UK & European investors. It is possible can have a free account with end of day orders and limited stock data. Or you can upgrade to either a "standard" or "Plus" account for tax efficient accounts, web access, reduced FX charges and most stock data.

Is Freetrade a good investing app?

In my view, yes, Freetrade is a great investing app for those with a small amount of money who want a very low-cost way to start investing in UK and US shares and ETFs. As your portfolio grows you can upgrade for better execution and data. It’s most suited to medium and long-term investing.


  • Zero commission
  • No fees for a basic account
  • Fractional shares
  • UK Treasury Bills


  • App only on the basic plan (no desktop)
  • 0.99% FX fee for the basic account
  • Relatively early stage company
  • Pricing
  • Market Access
  • Online Platform
  • Customer Service
  • Research & Analysis

Freetrade Facts & Figures

⬜ Public Company
👉 Number Active Clients1,600,000
💰 Minimum Deposit£1
💸 Client Fundsn/a
📅 Founded2018
Account Costs
Investment Account
£11.99 per month
Stocks & Shares ISA
£5.99 per month
Junior ISA
Lifetime ISA
Dealing Costs
UK Shares
US Stocks£0 + 0.99% FX (basic)

Customer Reviews

Rated 4.7 out of 5
4.7 out of 5 stars (based on 1,252 reviews)
Very good12%

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