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Freetrade Review
Freetrade is a UK stock and ETF investing app, not a forex broker. IG Group bought it for 160 million pounds in 2025, and it still runs its own brand.
Min Deposit
£0
Spreads From
Not applicable in the usual forex sense, trades cost £6.95 for shares or £1.95 for funds
Max Leverage
Not applicable, Freetrade does not offer leveraged forex or CFD trading
Platforms
Freetrade app, Freetrade web platform
Pros
- FCA authorised and a full London Stock Exchange member firm
- Free Stocks and Shares ISA and SIPP access on its Basic plan
- No minimum deposit needed to open an ISA or SIPP account
- Backed by IG Group's much larger balance sheet since April 2025
Cons
- Not a forex or CFD broker, only stocks, ETFs, funds, ISA, and SIPP are offered
- Loss before tax widened to 24.4 million pounds in its first year under IG Group
- A 0.99 percent currency fee applies to every overseas trade
- Standard share trades now cost 6.95 pounds each from March 2026
Freetrade is a UK investing app, not a forex or CFD broker. Adam Dodds and Davide Fioranelli founded it in 2016, and it grew into a stocks, ETFs, funds, ISA, and SIPP platform. In April 2025, IG Group completed a 160 million pound buyout of Freetrade, though the app still runs under its own brand and management.
Freetrade Limited is FCA authorised and a London Stock Exchange member firm. Its Basic plan gives free access to a Stocks and Shares ISA, a SIPP, and mutual funds. From March 2026, standard share trades cost 6.95 pounds and fund trades cost 1.95 pounds, plus a 0.99 percent currency fee on overseas trades. There is no minimum deposit for an ISA or SIPP.
Its first year under IG Group was expensive. Freetrade's loss before tax widened to 24.4 million pounds in 2025, even as revenue grew 10 percent and client assets rose to 3.3 billion pounds. Freetrade still runs a standing refer a friend program that gives both sides a free share worth 10 to 100 pounds.
Min. Deposit
GBP 0
Max Leverage
Not applicable, Freetrade does not offer leveraged forex or CFD trading
Spreads From
Not applicable in the usual forex sense, trades cost £6.95 for shares or £1.95 for funds
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
