Freetrade priced competitively versus the likes of I...
5
Freetrade priced competitively versus the likes of Interactive Investor and CMC Invest U.K. for SIPPs and ISAs. Enjoying their new 1 month Treasury Bills account direct with the DMO. Value for money Freetrade is worth it, not the absolute cheapest neobroker but there’s no such thing as a free lunch without caveats.
Reviewed on: 11th March 2024
Pros: low cost investing service via a modern mobile app. Low cost in the sense of zero commissions on U.K. stocks, or an FX fee of spot rate + 0.45% on US/EU stocks. GIA free or ISA £3 per month.
SIPP seems like great value for money to consolidate pensions too.
Cons: No AutoInvest capability. No web version. Limit orders and a lot of stocks behind a £10 per month subscription paywall (not a big issue but a tad frustrating).
Reviewed on: 25th January 2022
Simply opened up the stock markets for me that were previously closed due to high fees and complicated terms. Now in the palm of my hand, I can invest long term in a range of ETFs and stocks. The online community is a buzzing hub too which is great for new investors to influence the direction of the product and confirm/deny their investment knowledge.
Reviewed on: 5th November 2019
Pros: autosaves according to the mood you select. Works very well as a background microsaving app as the money gradually builds up into a handy nest egg.
Daily balance updates for your linked account is also something I find useful.
They have an investment offering with a few thematic ETFs (but I have yet to use this).
No need for a separate app as it works via Facebook messenger.
Cons: no interest paid on cash savings which I’m hopeful will change in future.
Reviewed on: 18th December 2018
