as of 11/05/2021 at 1:52 pm
Freetrade is an innovative, commission-free, mobile trading platform. They launched on iOS in October 2018 and on Android in April 2019. The app is easy to use with a rapid set up time.
Stocks & shares ISAs cost £3 a month, whilst GIAs are free. The number of investment options for users is growing rapidly, with users now able to deal foreign shares, investment trusts and ETFs; as well as purchase fractional shares.
Freetrade Plus was recently launched at a price of £9.99 per month, providing users with a greater range of investments, alongside a special 3% interest rate on up to £4,000 cash and added features like setting limit orders on shares. The £3 monthly ISA charge is also included within the Plus membership. An individual that takes advantage of the full £4,000 at 3% interest will earn £120 across the year, which effectively offsets the £9.99 monthly membership charge.
Interestingly, Freetrade have also integrated a community forum directly into the app, so that customers can discuss individual stocks with each other, allowing them to delve deeper into their research and test hypotheses.
£2 minimum investment