Are you confused about whether to choose Revolut Trading vs Freetrade as a broker for your investing needs?
In this side-by-side comparison, we analyse Revolut Trading vs Freetrade to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Revolut Trading vs Freetrade: In a Nutshell
European beginner investors looking for quick exposure to US stocks
Revolut was created to disrupt the banking industry by reducing and removing fees associated with the traditional banking system.
It also offers other financial services, namely the possibility of buying US stocks, cryptocurrencies, and precious metals (Gold and Silver).
The quick access to investment products, combined with low commissions, remains the most engaging differential that enables Revolut to stand out from its competitors.
UK investors looking for a cheap ISA/SIPP
Freetrade is a commission-free UK stockbroker. It is an excellent choice for investors looking to build a long-term portfolio of stocks and ETFs with low fees.
They operate under a freemium (free+premium) business model. As you go up the pricing plans, users get extra features, such as ISA and SIPP, 3% interest on cash, and more.
Although Freetrade is only available for UK residents, the company plans to expand to Europe (you can follow the all-new developments here).
Pros and Cons
Revolut Trading
Pros
- Simple trading platform
- Easy account opening process
- At least, one free trade per month
- Low trading commissions
- No inactivity fee
Cons
- Low product offering (ETFs and other financial products are missing)
- Investments not covered by the Financial Services Compensation Scheme
- Annual custody fee of 0.12%
Freetrade
Pros
- Free stock and ETF trading
- GIA, ISA, and SIPP
- No inactivity, account, or withdrawal fees
- No minimum deposit
- Great community (forum) – where users share ideas and learn about investing
- Nice and user-friendly app
Cons
- Limited asset classes (only stocks, ETFs, REITs, and investment trusts)
- Limited research and education
- Graphs and portfolio tracking still need some development
- No web or desktop platform yet (Beta version in Plus)
- No phone support – however, live chat support is very fast and efficient
- No 24/7 support
Revolut Trading vs Freetrade: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
