Both are FCA-regulated and FSCS-protected. The real difference is fees, account types and how each platform feels to use. Verified against each provider’s published charges.
Fees verified July 2026. Capital at risk. Information, not financial advice.
Beginners who want a simple app and are happy with shares and ETFs.
Index fund investors who want the lowest possible total cost and are comfortable with a newer app.
Tick what you need. No account, no email. The answer is on this page.
Tick what you need above and we'll tell you which of the two covers it.
Account availability verified July 2026. Capital at risk. Information, not financial advice.
Around seven in ten reviewers rate it excellent, citing the clean app and helpful customer service.
Critical reviews focus on the 0.99% FX fee on the free plan and features being moved behind subscriptions.
Read Freetrade reviews on TrustpilotEarly adopters praise the zero fees and responsive founding team; roughly 84% of reviews are five stars.
The review base is small and some users want more account types and a web version.
Read Prosper reviews on Trustpilot| Fee | Freetrade | Prosper |
|---|---|---|
| Platform fee | £0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing) | £0 |
| Share dealing | £0 commission | Not applicable (funds and ETFs) |
| Fund dealing | ETFs only, £0 commission | Free |
| FX fee | 0.99% Basic, 0.59% Standard, 0.39% Plus | None on GBP fund classes |
| Stocks & Shares ISA | Included on all plans | Free |
| SIPP | Included on all plans | Free |
| Withdrawals | Free | Free |
| Minimum to start | £2 | No minimum |
Freetrade helped bring commission-free investing to the UK and keeps a free tier that now includes an ISA and a SIPP. The app is one of the simplest ways to buy your first share.
The catch is the FX fee. On the free plan you pay 0.99% every time you buy or sell a US stock, which adds up quickly. If most of your money goes into US shares, either upgrade to a paid plan for lower FX fees or compare against Trading 212's flat 0.15%.
Prosper's pitch is the cheapest total cost of ownership in the UK: no platform fee, no dealing fees, and refunded fund fees on a list of mainstream index funds. For a straightforward global tracker in an ISA or SIPP, the all-in cost really can be zero.
The counterweight is maturity. It is a young platform with a small (if very positive) review base and no individual shares. If that trade-off suits you, the price is unbeatable.
It depends on what you hold and how often you trade. Freetrade's platform fee is £0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing), against £0 at Prosper. On dealing, Freetrade charges £0 commission for shares and eTFs only, £0 commission for funds, while Prosper charges not applicable (funds and ETFs) for shares and free for funds. Fees verified July 2026.
Freetrade is best for beginners who want a simple app and are happy with shares and ETFs. Prosper is best for index fund investors who want the lowest possible total cost and are comfortable with a newer app. Both are FCA regulated and covered by the FSCS.
On Freetrade's ISA: Included on all plans. On Prosper's ISA: Free. Both offer a flexible ISA, so you can withdraw and replace money in the same tax year without using up allowance. Minimums are £2 at Freetrade and No minimum at Prosper.
Freetrade offers a SIPP (included on all plans). Prosper offers a SIPP (free).
Freetrade scores 4.2 out of 5 on Trustpilot (Great) from over 7,000 reviews. Prosper scores 4.6 out of 5 (Excellent) from around 300 reviews. Critical reviews focus on the 0.99% FX fee on the free plan and features being moved behind subscriptions. The review base is small and some users want more account types and a web version.
Yes. UK platforms accept ISA and SIPP transfers in, and you start the transfer with the receiving provider rather than the one you are leaving. Freetrade charges free on withdrawals and Prosper charges free. Transfer as cash and you are out of the market while it settles; transfer in specie and you keep your holdings but it takes longer.
Freetrade or Prosper, the account is the easy part. What decides when you can retire is how much goes in and for how long. Delphina works that out from what you already hold and what you pay in each month.
Free to check. No card required. Takes about two minutes.