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Freetrade Review
4.0★A UK app-based broker with a free Basic plan covering a commission-free ISA, SIPP and general account, fractional shares and a wide range. Good value for UK beginners, though the Basic-plan FX fee is high if you buy a lot of foreign shares.
Key facts
- Savings-plan fee
- Free (commission-free)
- Min. savings plan
- No set minimum
- Custody fee
- £0 (free Basic plan; paid plans lower the FX fee)
- FX fee
- 0.99% (Basic); 0.59% / 0.39% on paid plans
- Regulator
- FCA (UK)
- Deposit protection
- FSCS protection up to £85,000
- Founded
- 2016
- Available in
- GB
Best for
- Free commission-free ISA, SIPP and GIA
- UK beginners wanting a simple app
Pros
- Free Basic plan with ISA, SIPP and GIA
- Commission-free investing and fractional shares
- Wide range (6,500+ stocks, ETFs, trusts, funds)
Cons
- 0.99% FX fee on the free Basic plan (paid plans reduce it)
- UK only, app-based
- Some features gated behind paid subscription tiers