Freetrade alternatives
Looking to replace Freetrade on your home screen? Compare the best alternative trading platforms and apps.
By Andrew Boyd | Verified by David Boyd | Updated 9 Nov 2023
As seen on
Comparing Freetrade alternatives
On website
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
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
Brokerage Fee
£0.00
Tradable Assets
ETFs, Stocks
Tradable Indices
AIM, LSE, NASDAQ, NYSE, and more
Signup Bonus
None
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
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.
On website
Wombat Invest
Please read the following disclaimer before applying.
Wombat Invest
Brokerage Fee
£0.00
Tradable Assets
ETFs, Shares
Tradable Indices
LSE, NASDAQ, NYSE
Signup Bonus
Earn £10 when you open an investment account. Terms and Conditions apply.
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
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
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.
