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Freetrade

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description Freetrade Overview

Freetrade is a UK-based investment app offering commission-free trading of UK and US stocks and ETFs. It's known for its simple interface and focus on accessibility. However, the range of available stocks is limited compared to larger brokers, and advanced trading features are lacking. The free tier has limitations on the number of trades.

help Freetrade FAQ

Does Freetrade charge commission on stock trades?

Freetrade does not charge dealing commission on eligible stock and ETF trades. Other costs can still apply, including foreign-exchange fees on overseas orders and UK stamp duty on many UK share purchases.

Can I buy US stocks and ETFs through Freetrade?

Yes, Freetrade offers UK, US, and European stocks and ETFs through its app. It also supports fractional US shares for selected investments, so users can invest an amount smaller than the price of one whole share.

Does Freetrade offer a Stocks and Shares ISA?

Freetrade offers a UK Stocks and Shares ISA alongside products such as a General Investment Account and SIPP. ISA eligibility and annual contribution limits are set by UK tax rules, not by the app itself.

What is the main limitation of Freetrade compared with a traditional broker?

Freetrade focuses on simple long-term investing rather than advanced dealing tools, complex order types, or professional charting. Its available investments are also limited to the instruments supported in the app, unlike a full-service broker with access to a much wider market.

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