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Freetrade offers a general investment account, stocks and shares Isa and Sipp for you to invest in.
It offers various tiers of membership, with the higher tiers offering extra benefits in exchange for fees. Our fees analysis assumed you're in the 'Basic' (free) tier.
The minimum investment to use Freetrade is £1.
Please note that this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of an investment platform before committing to any financial products.
Does Freetrade offer the best stocks and shares Isa?
great value
Freetrade
Freetrade's joint-top fees score (100%), added to its above-average score for asset choice (29%) and average score from customers (71%) means it's a Great Value provider.
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
0.99% for Basic tier
0.59% for Standard tier
0.39% for Plus tier
The interest rate Freetrade pays on uninvested cash depends on what tier you're on.
1% for Basic tier
2.5% for Standard tier
3.5% for Plus tier
'Watch out for foreign exchange fees'
Megan Thomas, Which? investments writer, says:
We've named Freetrade a Great Value provider of stocks and shares Isas.
As the name suggests, customers on Freetrade's 'Basic' tier can invest for free.
You'll only pay foreign exchange fees on international investments like US stocks, which range from 0.39% to 0.99% depending on which tier you sign up to, the highest fees being in the free tier. A foreign exchange fee of 0.99% can eat quite a bit into your money, though, so consider signing up to the higher tiers or using another platform if you expect to trade internationally often.
Otherwise, you get access to all of the same investments and accounts on the free tier as the paid tiers.
There aren't quite as many investments available on Freetrade as on some of the other platforms in our survey. It has just over 7,000 assets to choose from, compared to 24,000 at AJ Bell, which has the most on the market.
What do customers say about Freetrade?
Freetrade customers scored it at 71%, the 12th-highest score of the platforms in our survey.
Comments from Freetrade customers who took part in our survey include:
‘I am satisfied because it was a low-cost option that I chose initially because of its price. Despite the limits of the basic plan, I found its investments great to purchase. The option to manage it from my phone made it great to manage on the go as I learnt more about investing.'
'No fees, so it is quick and easy to buy and sell without incurring costs. The app gives info in real time about prices, and there is a graphing feature to go back in time.'
'I would score it higher if the app had more in-depth insights and recommendations.'
Visit Freetrade to find out more about its accounts, services and investment options.
Freetrade customer scores in more detail
Aspect of service
Star rating
Customer service
★★★☆☆
Ease of use
★★★★☆
Information on investments
★★☆☆☆
Value for money
★★★☆☆
These results are based on a January 2026 online survey of 3,053 adults – members of the Which? Connect panel and members of the public – who told us about 4,146 experiences with stocks and shares Isas. Freetrade results based on sample size of 50.
Is Freetrade safe?
Freetrade is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).
If Freetrade went bust and its other arrangements to protect your money failed, the FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online at fscs.org.uk: there's no reason to use a claims management company.
Our overall score is based on a combination of customer score, fees score, and assets score.
We don't analyse the performance of investments listed by investment platforms, as different investors will opt for different investments.
Customer score and ratings
We surveyed 3,053 investors – members of the Which? Connect panel and of the public – who gave 4,146 reviews of stocks and shares Isas in January 2026.
Each platform must get at least 30 responses to receive a customer score, which is based on overall satisfaction and likelihood to recommend.
The customer score makes up 60% of the overall score.
We also ask investors to rate their current platform for customer service, ease of use, information on investments, and value for money.
Fees score
The fees score uses snapshots of account and transaction fees at £5,000, £10,000, £25,000, £50,000, £100,000, £250,000, and £500,000. The fees assume four purchases and four sales in a year, spaced out in across months.
Fees are weighted higher closer to £50,000 as this is close to the average portfolio size, according to HMRC data.
The scores are assigned relative to the cheapest platform which would receive a score of 100%.
The fees score makes up 30% of the overall score.
Assets score
The assets score adds together all of the assets available within a stocks and shares Isa and assigns a score relative to the maximum out of the providers which receives 100%.
The assets score makes up 10% of the overall score.
To be considered to be a Which? Recommended Provider (WRP), the platform needs to have an overall score of 70% or higher.
Companies that reach this score are excluded if they're among the top 25% of the most expensive platforms across our scenarios, based on our fees analysis. Platforms are not eligible for WRP status if they receive a two-star rating or lower in any of our categories.
We also apply statistical tests that place the platforms into ‘bands’. Only the platforms in the highest two bands – the ones that really stand out – can be a WRP.
We will not give Which? Recommended Provider status to platforms that offer CFD trading.
To be eligible for our Great Value recommendation, platforms must be in our top three customer score bands and among the 25% least expensive in the asset categories they offer (any combination of funds, shares, or ETFs).
