Simple commission-free app with paid plans for lower FX fees
Best for: Beginners who want a simple app and are happy with shares and ETFs.
Freetrade's fees are one part of the picture. Are your pensions and savings actually on track?
See if you're on trackFree to check. No card required. Takes about two minutes.
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.
| Platform fee | £0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing) |
|---|---|
| Share dealing | £0 commission |
| Fund dealing | ETFs only, £0 commission |
| FX fee | 0.99% Basic, 0.59% Standard, 0.39% Plus |
| Stocks & Shares ISA | Included on all plans |
| SIPP | Included on all plans |
| Withdrawals | Free |
| Minimum to start | £2 |
Verified July 2026 against Freetrade's published charges. Always check the provider's current schedule before opening an account.
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.
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.
Freetrade's platform fee is £0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing). Share dealing is £0 commission and fund dealing is eTFs only, £0 commission. Foreign exchange is charged at 0.99% Basic, 0.59% Standard, 0.39% Plus. Fees verified July 2026 against Freetrade's published charges.
Freetrade charges £0 commission to buy or sell shares, ETFs and investment trusts. Fund dealing is eTFs only, £0 commission. Paid plans cost more if you pay monthly rather than annually.
On Freetrade's Stocks and Shares ISA: Included on all plans. The underlying platform fee is £0 on Basic; Standard £4.99/month; Plus £9.99/month (annual billing). You can start with £2. It is a flexible ISA, so you can withdraw and replace money in the same tax year without using up allowance.
Freetrade offers a SIPP. On the SIPP: Included on all plans. Dealing inside the SIPP is charged at the same £0 commission for shares and eTFs only, £0 commission for funds. Withdrawals are free.
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.
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. It suits beginners who want a simple app and are happy with shares and ETFs.
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.
Free to check. No card required. Takes about two minutes.
Capital at risk. This page is information, not financial advice.