There are now one million Freetrade users. We’re excited to be on this journey with you, and thanks for spreading the word!
Freetrade makes it easy to invest in the stock market, commission-free. Investing is one of the best ways to grow your savings over the long term, but for a lot of people, investing seems complicated, expensive and remote.
We’re changing all of that. That’s why we created Freetrade, to break down barriers and open up stock market investing to everyone. We have a simple, freemium pricing model, and we’ve built the tech behind our award-winning app from the ground up.
- Invest in shares, ETFs and investment trusts
- No commission fees when buying and selling, 0.45% FX fee when trading in foreign markets, flat-fee account subscriptions for ISA, SIPP, and Plus
- US Fractional shares
- Pay for the premium features you want
- Explore thousands of US and UK stocks and a wide range of ETFs and investment trusts
- Build and track the portfolio that suits you
- Buy and sell in a few taps
- Simple, intuitive design for both beginner and experienced investors
- Get customer support from real humans
- General investing account (GIA)
- Stocks and shares ISA: invest up to £20,000/year with no UK capital gains or income tax.
- Freetrade Plus: even more stocks & curated collections, 3% interest on uninvested cash up to a maximum deposit of £4K, additional order types like limit orders and stop losses, free ISA, priority customer service and more.
- Freetrade SIPP: self-invested personal pension for tax-efficient pension savings that you fully control. Transfer your old pensions over. We’ll claim tax relief from HMRC on your behalf for any contributions, if you’re eligible and deposit it automatically in your account.
No transfer or exit fees.
We believe in:
Educating everyone about the benefits of long-term investing
Offering clear and simple pricing
Building a business that puts customers first
We don't do:
Betting, CFDs and complex products
Hidden fees and inflated spreads
Safeguarding your assets
Our priority is ensuring your investments and money are safe.
We are authorised and regulated by the Financial Conduct Authority (FCA) in the UK.
Customers are covered by the provisions of the Financial Services Compensation Scheme (FSCS) and the value of assets held with Freetrade is protected by the FSCS up to a maximum of £85,000. View more information on this at freetrade.io/security and on FSCS at https://www.fscs.org.uk/.
Freetrade does not provide investment advice and individual investors should make their own decisions or seek independent advice. As with all investing, your capital is at risk. The value of investments can go up as well as down and you may receive back less than your original investment. Tax treatment depends on your personal circumstances and may change in the future.
Freetrade is the trading name of Freetrade Limited, a company registered in England and Wales (No. 09797821). Freetrade is authorised and regulated by the Financial Conduct Authority (No. 783189).
Our registered address is: Freetrade Limited, 32-38 Leman St, Whitechapel, London, UK, E1 8EW
We've taken a look under the hood and made some improvements, including bug fixes and security enhancements to make your Freetrade experience even better!
Ratings and Reviews
Good but needs work.
I understand this is a relatively new platform, so teething problems are expected and that’s how systems get better. This has been a good app for me as I’ve been able to dive straight into the stock market and experience the excitement and devastation of earning and losing money. This platform isn’t great if you’re looking to day trade as the charts are very much delayed and inaccurate, however it is possible to use other charts and just purchase the stock through the app. This app stands out as the fees to date are free and you can execute a trade at no charge, other than small amounts of tax for each trade. Other platforms charge anywhere from £7-14 for one trade which is extortionate for someone having a dabble with a couple of hundred pounds. I would definitely recommend this app to experience the high and lows of buying stocks, but it’s very difficult to judge the market especially when you’re up against advanced AI systems that execute trades automatically. Be mindful and be careful and only invest what you can afford.
Easy, but still dangerous
On Freetrade’s platform and pricing:
The app is targeted towards amateur investors, welcoming them into investing in the most seamless way possible. The app itself is very easy to use, albeit almost “gamifies” investing which may be quite dangerous, and I’m not sure if I agree with. This is shown through various examples such as a limited amount of information being provided for each stock, making it incredibly easy to buy/sell stocks, and getting free stocks for getting someone to sign up and top up as if it were a game. I am not saying I think every investing platform should have an overly complicated UI, but perhaps there is a reason not everyone should get into investing. The charges are reasonable for the amateur investor, but only for someone in a very small investing bracket: for a person who wants to try day trading, 1£ per instant order makes no sense, and is absolutely a steal; for a longer term investor who is an average person with no extreme wealth background, 36£ per year (3£/mo) for an ISA is also a bit of a steal. Nonetheless the basic feature of the app provides an ideal introduction for someone starting out in investing. The only concern I have is in terms of the app functionality, where at times features may not work, such as Apple Pay top ups, which seriously limits my capacity to trust the platform. This is our money we’re dealing with after all.
Partially good but not reliable
When the app works as it advertises itself, it is good. So it makes buying shares much easier for average person. However when it comes to selling your shares, they do strange things to prevent you from selling your shares. For example if you got some shares that made some profit and you want to sell it, they keep on rejecting your sell request. I lost some money because they kept on rejecting my sell request for a few different shares. When you try to withdraw your money they also do dodgy things such as keeping part of your money in a “unsettled cash” tab and you need to wait a few days for that cash to be available for withdrawal. When you are able to withdraw your money it takes a few days for your money to be put in your bank account. However when you top up your Freetrade account with money usually within the hour money comes from your bank account into the app. They are doing weird stuff to reduce the sales of shares and withdrawal of your money by slowing it down or rejection of sales. This has really dented my confidence in this app. Robinhood app proved that they are dodgy and now Freetrade is doing other dodgy acts that are against the consumer’s right to do what they want. It is your money and your shares but you can’t sell whenever you need to.
Developer Response ,
Thank you for the feedback.
There are a number of reasons why an order may be rejected. Most commonly, if we're unable to retrieve a valid quote from the market makers, your order will fail. This can happen if no one wanted to buy/sell your shares or they didn't offer a good price. Your order will be more likely to go through if you try again later. We are always working to make sure rejection rates are as low as possible.
Once you sell shares in-app, you'll need to wait for the sale to settle before you're able to withdraw. Settlement is an external process dictated by the stock exchanges on which an instrument is traded. Cash resulting from a sale won’t be available to withdraw until that trade has settled. You can; however, use unsettled cash to purchase stock. This is typically 2 working days for UK stocks, and typically 3 working days for US stocks.
Once you have actioned a withdrawal this will take 3-5 working days to reach you, as we process withdrawals via BACs payments. We are looking to speed this up in the future.
If we can help you with anything or answer any questions please drop us an email at firstname.lastname@example.org.
The Freetrade Team
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