Freetrade alternatives

Looking to replace Freetrade on your home screen? Compare the best alternative trading platforms and apps.

By   |   Verified by David Boyd   |   Updated 9th May 2022

Comparing Freetrade alternatives

eToro

On eToro's website

68% of retail CFD accounts lose money

Featured

eToro

Brokerage Fee

N/A

Tradable Assets

Commodities, Crypto, ETFs, Forex, Indices, Shares

Tradable Indices

LSE, NASDAQ, NYSE and more

Signup Bonus

None

Highlights

  • Trade UK, US, European, and other international shares, ETFs, and indices. Also offers crypto, commodities, and currencies (which Freetrade does not).
  • eToro’s copy trading feature means you can trade like a more experienced trader, which is not possible on Freetrade.
  • Fund your eToro account with a bank transfer, debit or credit card.
  • Get access to your account funds with an eToro Money debit card.
  • Set up a demo account on eToro where you can practice trading without risking your own money.
Trading 212

Trading 212

Brokerage Fee

£0.00

Tradable Assets

CFDs, Shares

Tradable Indices

AIM, LSE, NASDAQ, NYSE, and more

Signup Bonus

N/A

Highlights

  • Trading212 and Freetrade have access to a similar range of markets in the UK, USA, and Europe.
  • They in addition to an ISA account. They do not, however, currently offer a SIPP account.
  • Like Freetrade, Trading212 has low minimum trade requirements and commission-free trades.
  • More seasoned investors may prefer Trading212 because of its support for CFD trading across shares, indices, commodities, and forex.
Stake

On Stake's website

Stake

Brokerage Fee

£0.00

Tradable Assets

ETFs, Shares

Tradable Indices

NASDAQ, NYSE

Signup Bonus

Join to get a free stock in Nike, Dropbox, GoPro or a mystery stock when you sign up and fund your account within 24 hours.

Highlights

  • Stake’s trading experience is comparable to Freetrade in that it is extremely slick and easy to use.
  • Stake offers thousands of US shares and ETFs, whereas Freetrade has access to UK, US, and Euro markets.
  • Both platforms have ISA and SIPP accounts available as well as general investment accounts.
Wombat Invest

Wombat Invest

Brokerage Fee

£0.00

Tradable Assets

ETFs, Shares

Tradable Indices

LSE, NASDAQ, NYSE

Signup Bonus

N/A

Highlights

  • Designed for beginners, Wombat is very similar to Freetrade in its offering and simplicity. Unlike Freetrade, Wombat charges a £1 subscription fee once your account passes £250 in value.
  • Wombat offers UK and US market access, whereas Freetrade additionally offers Euro markets.
  • Set up automated recurring investments to take advantage of pound cost averaging over time.
  • Wombat links with your bank account and rounds up transactions, then invests your spare change.
interactive investor

interactive investor

Brokerage Fee

£7.99

Tradable Assets

Bonds, ETFs, Funds, Stocks

Tradable Indices

Asian markets, ASX, European markets, LSE, NASDAQ, NYSE

Signup Bonus

None

Highlights

  • A step up from Freetrade in terms of sophistication, interactive investor offers access to trade UK, US, and several international stock exchanges.
  • Like Freetrade, interactive investor offers a general investment account, ISA, and SIPP.
  • Both platforms are based in the UK and regulated by the FCA.
Degiro

Degiro

Brokerage Fee

£0.00

Tradable Assets

Bonds, ETFs, Funds, Futures, Options, Shares, Structured products

Tradable Indices

ASX, LSE, NASDAQ, NYSE, TSE, XETRA and more

Signup Bonus

None

Highlights

  • Degiro is aimed at a slightly more advanced investor than Freetrade, although it has a similarly low minimum deposit.
  • Both platforms offer access to markets in the UK, US and a wide range of other international markets, with Degiro edging Freetrade.
  • You can trade a similar range of assets on both, including ETFs, mutual funds and stocks, although Degiro offers access to slightly more choice, including futures and bonds.
  • While Degiro's foreign exchange fee is lower than that of Freetrade, trades are not commission-free.