Freetrade Review 2024 - Pros and Cons Uncovered

Founded back in 2016, Freetrade is one of the popular UK based fintech startups. This fintech startup offers commission-free stock trading and is regulated by the United Kingdom's Financial Conduct Authority (FCA). It is considered as one of the safest platforms for trading.

Freetrade provides commission-free trading for over 600 stocks and ETFs. The free option is conditional and is available till the time you’re OK for your trades to be executed by the end of the day.

Even though Freetrade is a young brand, it is increasingly getting popular among traders. As such, you could call Freetrade a direct competitor to Robinhood.

The Freetrade app, as well as the website, is colorfully designed keeping in mind the target users - young millennial.

What does Freetrade offer?

Freetrade is ideal for UK based traders and is a mobile-based tradings service. It has apps for both the platform android and iOS which are designed to be fast, responsive and intuitive. As mentioned earlier it has over 600 assets available for trade.

The Freetrade app allows you to trade in popular stocks and ETFs from UK and US exchanges. However, it does not let you invest directly in mutual funds, bonds, options, or cryptocurrencies, other than ETF funds.

Cryptocurrencies especially are very popular among the young users, the target user base of Freetrade, so not being able to invest in these assets may put off some users. However, you can always request for your favorite assets to be added to the platform.

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