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eToro vs Freetrade

Detailed comparison of fees, features and products

eToro logo
2.5
BROKER ONLY
Freetrade logo
4.3
BROKER ONLY

Feature Comparison

Feature ComparisoneToroFreetrade
Wide Offering
Fractional Shares
Auto-Invest / DCA
Cash Interest (AER)
UK Support
Tax Certificate (CTC)
FSCS Protected (£85k)
Score
4/7
7/7

Fee Comparison

Fee ComparisoneToroFreetrade
Platform & Dealing Fees£0 commission£0 commission
Tax Wrappers (ISA/SIPP)£0 commission£0 commission
Crypto Fee1%N/A
FX FeeHigh (USD account)0.99% (0.39% on Plus)
Inactivity Fee$10/month after 12moNone
Deposit FeeFreeFree
Withdrawal Fee$5Free
Min. Deposit502

Product Range

Product RangeeToroFreetrade
Stocks3,000+6,000+
ETFs300+500+
Funds00
Bonds00
Crypto90+0

Pros & Cons

eToro

Pros

  • £0 stock commission
  • 90+ cryptocurrencies
  • CopyTrader social trading
  • FCA regulated + FSCS protected
  • Good for crypto traders

Cons

  • No ISA, No SIPP (tax nightmare)
  • Account in USD (high FX fees)
  • No cash interest (basic)
  • $10/mo inactivity fee
  • No real DCA auto-invest
Freetrade

Pros

  • ISA + SIPP available (paid plans)
  • £0 dealing fee
  • FCA regulated + FSCS protected
  • Cash Interest: 3-4% (Plus users)
  • Auto-invest on paid plans
  • Beautiful, easy-to-use app

Cons

  • ISA costs £5.99/month (not free)
  • FX Fee: 0.99% (base) / 0.39% (Plus)
  • Limited research tools
  • Some features paywalled

See also