Freetrade
Rating: 2.5 / 5Freetrade is a UK-based stockbroker catering to long-term buy-only investors with three account options. Traders can opt for general investment accounts, ISAs, and SIPPs. Most investment activity is only available via a mobile app, confirming that Freetrade caters primarily to first-time millennial hobby investors. I have reviewed Freetrade to evaluate this broker and identify any unique features so you can determine if Freetrade is a broker you should trust with your investments.
Freetrade is a UK-based stockbroker catering to long-term buy-only investors with three account options. Traders can opt for general investment accounts, ISAs, and SIPPs. Most investment activity is only available via a mobile app, confirming that Freetrade caters primarily to first-time millennial hobby investors. I have reviewed Freetrade to evaluate this broker and identify any unique features so you can determine if Freetrade is a broker you should trust with your investments.
Broker Details
- Headquarters
- United Kingdom
- Established
- 2016
- Min Deposit
- £0
- Regulators
- FCA
Trading Conditions
- Retail Loss Rate
- Undisclosed
Accounts & Funding
- Funding Methods
- 4
- Deposit Options
- Wire Transfer
- Deposit Fees
- No
- Withdrawal Options
- Wire Transfer
- Withdrawal Fee
- No
Trading Costs & Spreads
- Inactivity Fee
- FALSE
Pros
- Reasonable account fees
- ISA and SIPP accounts
- Choice of stocks and ETFs
Cons
- Access to a web-based trading platform costs £119.88 annually
- Only bank wires as a withdrawal method
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