Best Alternatives to Freetrade in 2026
People look for Freetrade alternatives mainly because of the 0.99% FX fee on the free plan when buying US shares, because they want deeper research and tools, or because a feature they need sits behind the paid Standard or Plus subscription. The good news: several rivals cut the FX cost dramatically. Below are the closest alternatives, ranked, with how each compares on cost.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
1. Lightyear
Lightyear is a UK- and EU-available investing app offering commission-free stocks and ETFs, a very low currency-conversion fee, and interest on uninvested cash. UK personal accounts (GIA and Stocks & Shares ISA) pay just 0.10% FX; EU accounts pay 0.35%. There are no account, withdrawal or inactivity fees, and no minimum deposit — making it one of the cheapest ways to hold a global portfolio.
Compare Freetrade and Lightyear side by side →Visit LightyearLightyear
Best low-FX investing app for the UK and EU with interest on cash
Capital at risk. This is not financial advice. Investing involves risk of loss.
2. Trading 212
Trading 212 offers genuinely commission-free investing with no withdrawal fee and an Invest/ISA account for UK users. A strong low-cost pick, though product depth is narrower than full-service brokers.
Compare Freetrade vs Trading 212 →Visit Trading 212Trading 212
Best for low fees and UK investors
Capital at risk. This is not financial advice. Investing involves risk of loss.
3. Robinhood
Robinhood pioneered commission-free trading in the US and now offers UK investors commission-free US shares with a very low 0.10% FX fee and a free Stocks & Shares ISA. It trades US-listed stocks, ETFs and options — no UK-listed shares, and no crypto in the UK. A clean app that is light on research; note the $100 account-transfer-out fee.
Compare Freetrade and Robinhood side by side →Visit RobinhoodRobinhood
Best for commission-free US-stock investing in the US and UK
Capital at risk. This is not financial advice. Investing involves risk of loss.
4. Revolut
Revolut bolts simple stock investing onto its popular banking app. Convenient if you already use Revolut, with one free trade per month on Standard, but the 0.25% per-trade commission makes it pricier than dedicated low-cost brokers for active investors.
Compare Freetrade and Revolut side by side →Visit RevolutRevolut
Best for investing inside an all-in-one money app
Capital at risk. This is not financial advice. Investing involves risk of loss.
5. XTB
XTB offers commission-free real stocks and ETFs up to €100,000 monthly turnover, a polished platform, and strong regulation. UK investors can hold it in a flexible Stocks & Shares ISA. A low-cost choice for EU and UK investors, with a 0.5% FX fee being the main cost to watch.
Compare Freetrade and XTB side by side →Visit XTBXTB
Best for low-cost stock and ETF investing in the EU/UK
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6. Webull
Webull pairs commission-free stocks, ETFs and options with surprisingly advanced charting and analysis tools. Strong for active US traders; available in the UK with a 0.50% FX fee (0.35% on its paid Meridian plan). Only regulatory fees apply on sells.
Compare Freetrade and Webull side by side →Visit WebullWebull
Best for active traders who want advanced tools free
Capital at risk. This is not financial advice. Investing involves risk of loss.
7. eToro
eToro is a multi-asset platform best known for copy trading and an extremely beginner-friendly interface. ETF investing is commission-free, but stock positions carry a $1–$2 charge on opening and again on closing, and the withdrawal and currency-conversion fees matter.
Compare Freetrade vs eToro →Visit eToroeToro
Best for beginners and social/copy trading
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. 50% of retail CFD accounts lose money.
8. InvestEngine
InvestEngine is a UK ETF-only investment platform with no platform fee, no dealing commission and no FX fee on its DIY portfolios, across ISA, SIPP and General accounts. All ETFs are GBP-denominated, so you pay only the underlying ETF's ongoing charge. ETFs only — no individual stocks.
Compare Freetrade vs InvestEngine →Visit InvestEngineInvestEngine
Best for zero-fee DIY ETF investing with a free ISA and SIPP
Capital at risk. This is not financial advice. Investing involves risk of loss.
9. Trade Republic
Trade Republic is a German neobroker and licensed bank offering stocks, ETFs, bonds and crypto at a flat €1 external-settlement fee per trade, with completely free ETF savings-plan executions. It also pays interest on uninvested cash (linked to ECB rates) and runs a Saveback card scheme. Available across most of the eurozone; a mobile-first, no-frills platform.
Compare Freetrade and Trade Republic side by side →Visit Trade RepublicTrade Republic
Best €1-flat neobroker for low-cost investing in the eurozone
Capital at risk. This is not financial advice. Investing involves risk of loss.
10. Scalable Capital
Scalable Capital is a German neobroker offering real stocks and ETFs on two plans. The FREE Broker charges €0.99 per trade (free for €250+ purchases of PRIME ETFs) with no account fee, while PRIME+ Broker (€4.99/month) gives a trading flat rate with €0 per-trade commission. ETF savings-plan executions are free on both plans. Trades run via the European Investor Exchange and gettex, with Xetra as a pricier alternative.
Compare Freetrade and Scalable Capital side by side →Visit Scalable CapitalScalable Capital
Best broker with a free savings-plan tier and an optional flat-rate plan
Capital at risk. This is not financial advice. Investing involves risk of loss.
11. Interactive Brokers
Interactive Brokers is the professional-grade choice: no percentage platform fee, dealing from £3, access to more than 150 markets, and a 0.03% currency conversion charge that is an order of magnitude below every UK platform. The trade-off is complexity — the platform and its statements assume you know what you are doing.
Compare Freetrade and Interactive Brokers side by side →Interactive Brokers
The cheapest FX and the widest market access, for confident investors
Visit the Interactive Brokers website →We earn no commission from Interactive Brokers. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
12. DEGIRO
DEGIRO (part of flatexDEGIRO Bank, BaFin-regulated) is one of Europe's cheapest brokers for real stocks and ETFs. A €1 handling fee applies to most trades, and its Core Selection ETFs — the ones listed on Tradegate — carry €0 commission, so the €1 handling fee is the whole cost. The costs to watch are the 0.25% AutoFX currency-conversion mark-up and a €2.50 per-exchange, per-year connectivity fee.
Compare Freetrade and DEGIRO side by side →Visit DEGIRODEGIRO
Best low-cost broker for buy-and-hold ETF investors in the EU
Capital at risk. This is not financial advice. Investing involves risk of loss.
13. Vanguard UK
Vanguard's UK platform charges 0.15% a year capped at £375, with no dealing charges on its funds. It is one of the cheapest ways to hold a simple index portfolio, with two significant caveats: you can only buy Vanguard's own funds and ETFs, and accounts below £32,000 now pay a £4 monthly minimum fee, which is expensive on a small pot.
Compare Freetrade and Vanguard UK side by side →Vanguard UK
Cheap index investing, but only in Vanguard's own funds
Visit the Vanguard UK website →We earn no commission from Vanguard UK. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
14. Capital.com
Capital.com is a CFD broker with tight spreads (from 0.6 pips on EUR/USD), no commission, and no inactivity or withdrawal fees. A low-cost, well-regulated choice for CFD traders — but it is CFD-only, not a share-ownership investing platform.
Compare Freetrade and Capital.com side by side →Visit Capital.comCapital.com
Best for low-cost CFD trading with tight spreads
Capital at risk. This is not financial advice. Investing involves risk of loss.
15. Fortrade
Fortrade is an established, multi-regulated CFD and forex broker with a deliberately simple, spread-only pricing model and a beginner-friendly platform. There are no trading commissions — the cost sits in the spread — but watch the inactivity fee and overnight holding costs. CFD-only, not a share-ownership investing platform.
Compare Freetrade and Fortrade side by side →Visit FortradeFortrade
Best for simple, spread-only CFD and forex trading
Capital at risk. This is not financial advice. Investing involves risk of loss.
16. AJ Bell
AJ Bell is a long-established UK platform that repriced on 1 May 2026. Its custody charge is 0.25%, tiering down on funds above £250,000, and — crucially — capped at just £3.50 a month on shares, ETFs and investment trusts. That cap makes it one of the cheapest mainstream platforms for a large ETF or share portfolio held in an ISA.
Compare Freetrade and AJ Bell side by side →AJ Bell
Cheaper than HL on shares, with a low monthly cap
Visit the AJ Bell website →We earn no commission from AJ Bell. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
17. interactive investor
interactive investor is the UK's main flat-fee platform: you pay a fixed monthly subscription rather than a percentage of your portfolio. That makes it expensive for a small pot and progressively cheaper as the portfolio grows, with the crossover against percentage-fee rivals typically falling somewhere in the low tens of thousands of pounds.
Compare Freetrade and interactive investor side by side →interactive investor
Flat monthly fee — the cheapest option for large portfolios
Visit the interactive investor website →We earn no commission from interactive investor. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
18. AvaTrade
AvaTrade is an established, multi-regulated CFD and forex broker with a wide platform choice and a beginner-friendly app (AvaTradeGO). Costs sit in the spread, so watch the quarterly inactivity and annual administration fees if you trade rarely. CFD-only — not a share-ownership investing platform.
Compare Freetrade and AvaTrade side by side →Visit AvaTradeAvaTrade
Best for platform choice and copy trading in CFDs and forex
Capital at risk. This is not financial advice. Investing involves risk of loss.
19. Hargreaves Lansdown
Hargreaves Lansdown is the largest investment platform in the UK, offering the widest fund range, strong research and well-regarded service. It repriced on 1 March 2026, cutting the account charge from 0.45% to 0.35% and capping the charge on shares at £12.50 a month. It remains a percentage-fee platform, so it is competitive for smaller portfolios of funds and expensive for large ones.
Compare Freetrade and Hargreaves Lansdown side by side →Hargreaves Lansdown
The UK's largest platform, with research to match its charges
Visit the Hargreaves Lansdown website →We earn no commission from Hargreaves Lansdown. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
20. Fidelity
Fidelity Personal Investing charges a 0.35% service fee that tiers down above £250,000, with a flat £7.50 a month for accounts under £25,000 that have no regular savings plan. Its most useful feature for cost-conscious investors is the £90-a-year cap on the service fee for shares, ETFs and investment trusts held in an ISA or SIPP.
Compare Freetrade and Fidelity side by side →Fidelity
Broad fund range with a capped charge on shares and ETFs
Visit the Fidelity website →We earn no commission from Fidelity. It is listed here because a fee comparison that leaves out the market leaders is not a fee comparison.
Compare alternatives
| Feature | Freetrade | Lightyear | Trading 212 | Robinhood | Revolut | XTB | Webull | eToro | InvestEngine | Trade Republic | Scalable Capital | Interactive Brokers | DEGIRO | Vanguard UK | Capital.comCFD | FortradeCFD | AJ Bell | interactive investor | AvaTradeCFD | Hargreaves Lansdown | Fidelity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | 4.4 / 5 | 5 / 5 | 4.9 / 5 | 4.8 / 5 | 4.8 / 5 | 4.7 / 5 | 4.7 / 5 | 4.6 / 5 | 4.6 / 5 | 4.6 / 5 | 4.6 / 5 | 4.5 / 5 | 4.3 / 5 | 3.8 / 5 | 3.6 / 5 | 3.6 / 5 | 3.4 / 5 | 3.3 / 5 | 3.2 / 5 | 3.2 / 5 | 3.1 / 5 |
| Stock commission | £0 commission on all UK & US stocks, ETFs and investment trusts (all plans) | UK personal accounts (GIA and ISA): no execution fee on UK, US and European stocks or ETFs. EU accounts: GBP 1 per order on UK stocks, EUR 1 per order on EUR-denominated stocks, 0.1% on other European stocks, and 0.10% (min $0.10, max $1) on US stocks. ETFs are execution-fee-free on both. | 0% | $0 / £0 commission on US stocks, ETFs and options (crypto in the US only) | 1 commission-free order a month on Standard (3 on Plus, 5 on Premium, 10 on Metal and Ultra); beyond the allowance 0.25% of the order amount, or 0.12% on Ultra, minimum GBP 0.01; the Stocks and Shares ISA shares the same allowance and rates | 0% up to €100k monthly turnover, then 0.2% (min €10) | $0 on stocks, ETFs and options (regulatory fees on sells) | $1–$2 per side on stock positions (charged on opening and on closing, varies by country of residence); ETFs 0% | £0 dealing commission on all ETFs (DIY portfolios); no platform fee | €1 flat per trade (Best Price execution); €2 per order for Direct Price routing to a chosen exchange (Xetra, NYSE, etc., since July 2026) | Until 31 August 2026, on the European Investor Exchange and gettex — FREE Broker: €0.99 per trade, or €0 on purchases of €250 or more in PRIME ETFs (Amundi, iShares, Vanguard, Xtrackers); PRIME+ Broker (€4.99/mo): €0 per trade from €250, else €0.99. Scalable's published schedule then lists a separate 'Xetra and gettex (from 01.09.2026)' tier charging €1.99 per PRIME ETF trade on both plans; Xetra itself was cut to €1.99 with trading-venue fees waived. Check the live schedule before trading on or after 1 September 2026 | UK shares 0.05% of trade value, minimum £3; European shares 0.05%, minimum €3; US shares from $0.005 per share, minimum $1 (Fixed pricing) | Commission plus a EUR 1 handling fee per trade: EUR 2 total on US exchanges, EUR 3 on the Irish home market, EUR 4.90 on London, Euronext, XETRA, Swiss and Nordic exchanges, EUR 6 on Australia, Frankfurt, Hong Kong, Singapore and Tokyo. ETFs EUR 3, or EUR 1 handling only for the Core Selection (the ETFs listed on Tradegate) | No dealing charge on Vanguard funds and ETFs at the scheduled daily trade; £7.50 for optional live 'quote and deal' ETF trades | No commission; cost is in the spread (from 0.6 pips on EUR/USD) | No commission; cost is in the spread (EUR/USD ~2 pips) | £5.00 per online share deal (£3.50 if you made 10+ share deals in the previous month); regular investing is free | £3.99 per UK share trade (£2.99 on Premium); funds £3.99 on Core, £1.49 on Plus, free on Premium | No commission; cost is in the spread (from 0.9 pips on EUR/USD) | £6.95 per online share deal (£3.95 if you dealt 20+ times in the previous month); £1.95 per online fund deal; free via monthly direct debit or dividend reinvestment | £7.50 per online share, ETF or investment trust deal (£30.00 by phone); £1.50 for regular savings plan trades and dividend reinvestment; funds free |
| Withdrawal fee | Free standard withdrawals; £5 for same-day withdrawal | Free by local bank transfer. USD wire payments are charged (up to $8.50 UK, $6.11 EU). | Free | Free (bank/ACH); instant withdrawal 1.75% (US); account transfer out $100 | Free | Free above €100 (some entities charge €10 below €100) | Free (ACH); wires $25 to send; account transfer out $75 | $5 per withdrawal on USD accounts ($30 min); free on GBP/EUR accounts | Free — no withdrawal fee | Free to a linked bank account | Free to a linked bank account | Two free withdrawal requests per calendar month; after that GBP 7.00 by bank transfer or GBP 1.00 by BACS/GIRO (EUR 8.00 / EUR 1.00; USD 10.00 / USD 1.00) | Free to a linked bank account | Free to a linked UK bank account | Free | Free (some payment methods may charge) | Free to a linked UK bank account | Free to a linked UK bank account (next-day GBP and EUR); £15 for a same-day GBP or EUR withdrawal | Free | Free to a linked UK bank account | Free to a linked UK bank account |
| Inactivity fee | None | None | None | None | None | EUR 10/month, only after 365 days with no trade AND no deposit in the previous 90 days. Not charged on ISA accounts, where open positions are held, or on a zero balance. | None | None (eToro removed the inactivity fee in 2026) | None | None | None | None on the standard account (the inactivity fee was removed in 2021) | None (DEGIRO publishes EUR 0 inactivity, custody, deposit and withdrawal fees) | None | None | USD 10 a month (charged in your account currency) after six consecutive months with no transactions — no deposits, withdrawals or trading activity, including opening a pending order | None | None | USD 50 a quarter (EUR 50 / GBP 50, by account currency) after three consecutive months of non-use, and every successive quarter, plus an annual administration fee of USD 100 / EUR 100 / GBP 100 after twelve consecutive months | None | None |
| Min deposit | None | None | £1 | None | None | None | None | $50 | £100 | None | None | None | None | £500 | $10, €10 or £10 by card or Apple Pay ($50 by bank transfer) | $100, €100 or £100 depending on your account currency | £500 | None | $100, €100 or £100 depending on your account currency | £100 | £25 |
| Fractional shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | No | No | No | No | No | No | No |
| Demo account | No | No | Yes | No | No | Yes | Yes | Yes | No | No | No | Yes | No | No | Yes | Yes | No | No | Yes | No | No |
| Regulators | FCA | FCA, EFSA | FCA, CySEC | SEC, FINRA, SIPC, FCA | FCA, CySEC | FCA, CySEC, KNF | SEC, FINRA, SIPC, FCA | FCA, CySEC, ASIC | FCA | BaFin, Bundesbank | BaFin, Bundesbank | FCA, SEC | BaFin, AFM, DNB | FCA | FCA, CySEC, ASIC, SCB | FCA, ASIC, CySEC, CIRO | FCA | FCA | Central Bank of Ireland, ASIC, FSCA | FCA | FCA |
Frequently Asked Questions
What is the best alternative to Freetrade?
Lightyear is the strongest alternative for most users — best low-fx investing app for the uk and eu with interest on cash.
Why switch from Freetrade?
Common reasons include lower fees, different account types, or a simpler interface. Compare the options above against what matters to you.