Invest · Broker review
Freetrade
UK's zero-commission broker with ISA — decent FX for smaller investors
$35 more per $10,000 than Interactive Brokers (FX cost only)
Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.
Verdict
Freetrade offers commission-free trading in UK and US stocks with a Stocks & Shares ISA. Its 0.45% FX charge is below the market average but above Trading 212 (0.15%) and well above IBKR. Good for UK investors starting out who want ISA access and individual US stock picking at low cost.
FX cost breakdown
FX cost comparison on $10,000 investment
Pros & cons
Pros
- Zero commission on UK and US stocks
- Stocks & Shares ISA available
- Clean, beginner-friendly interface
- FCA regulated
- Fractional US shares available
Cons
- 0.45% FX — higher than Trading 212 and IBKR
- Basic research tools
- No options or advanced order types
- Plus/Ultimate subscription needed for some features
Who can use it
Markets available
Supported corridors
Regulated by
Invest by market & home country
See how Freetrade compares for your specific home country and target market — with FX cost, regulation, and tax notes.
US stocks
S&P 500
By country →
global ETFs
MSCI World / FTSE All-World
By country →
UK stocks
FTSE 100
By country →
emerging markets
MSCI Emerging Markets
By country →
Indian stocks
Nifty 50
By country →
European stocks
EURO STOXX 50
By country →
bonds and fixed income
Bloomberg Global Aggregate
By country →
REITs
FTSE NAREIT All REITs
By country →