Educational use only. Not financial, investment, tax or legal advice.

Freetrade review: fees, accounts and what customers say

Simple commission-free app with paid plans for lower FX fees

4.2 on Trustpilot (Great)Fees verified July 2026Already with Freetrade? See if you are on track

Freetrade's fees are one part of the picture. Are your pensions and savings actually on track?

See if you're on track

Free to check. No card required. Takes about two minutes.

The short version

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%.

Best for: Beginners who want a simple app and are happy with shares and ETFs.

Freetrade fees

Platform fee£0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing)
Share dealing£0 commission
Fund dealingETFs only, £0 commission
FX fee0.99% Basic, 0.59% Standard, 0.39% Plus
Stocks & Shares ISAIncluded on all plans
SIPPIncluded on all plans
WithdrawalsFree
Minimum to start£2
  • Paid plans cost more if you pay monthly rather than annually.
  • The FX fee applies to any trade in a non-GBP currency, so frequent US stock buyers should factor it in.

Verified July 2026 against Freetrade's published charges. Always check the provider's current schedule before opening an account.

Accounts available

General Investment AccountStocks & Shares ISAJunior ISASIPP

Your cash is protected by the FSCS up to £120,000. Your investments are ring-fenced in your name, held separately from the firm's own assets, so they remain yours if the firm fails, with FSCS cover of up to £85,000 for any shortfall. Authorised and regulated by the FCA.

What the reviews say

Freetrade scores 4.2 out of 5 on Trustpilot (Great) from over 7,000 reviews.

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.

Pros and cons

Where it wins

  • Free plan with commission-free trades and no catches
  • ISA, Junior ISA and SIPP available without a subscription
  • Clean, beginner-friendly app with fractional shares
  • Owned by IG Group, a FTSE 250 company

Where it loses

  • 0.99% FX fee on the Basic plan is expensive for US shares
  • No open-ended funds, only shares and ETFs
  • Web platform is limited compared with the app

Compare Freetrade with other brokers

Freetrade vs Trading 212Freetrade vs AJ BellFreetrade vs VanguardFreetrade vs FidelityFreetrade vs IGFreetrade vs Interactive InvestorFreetrade vs Hargreaves LansdownFreetrade vs ProsperFreetrade vs MoneyboxFreetrade vs Scottish Widows

Picked a broker? Now check the bigger question.

Freetrade can hold your investments, but it will not tell you whether they add up to the retirement you want. Delphina models your whole financial life and gives you a straight answer.

See if you are on trackCompare all 11 brokers

Free to check. No card required. Takes about two minutes.

Capital at risk. This page is information, not financial advice.