Freetrade
eToro
Compare platforms
| Freetrade | eToro | |
|---|---|---|
| Account types | ||
| Stocks and shares ISA | ||
| General investment account (GIA) | ||
| CFD trading | ||
| Crypto trading | ||
| Fees | ||
| Account fee | £5.99 per month | Free |
| Foreign exchange fee | 0.59% | 0.55% |
| Trading fee | Free | Free |
| Safety & regulations | ||
| FSCS protected | ||
| Others | ||
| Range of stocks | 6,000+ | 4,500+ |
| Interest on cash | 1% | 1.5%-5.3% |
| Demo account | ||
| iPhone / Android Apps | ||
| Desktop / Web Apps | ||
| Known for | Simple to use | Copy trades |
| Keep in mind | Capital at risk | Capital at risk |
| Go to site | Go to site | |
Updated: Jul 2024
Summary (Freetrade vs eToro)
Freetrade and eToro are distinct investment platforms with different approaches. Freetrade is a commission-free trading app known for its user-friendly interface, simplicity, and access to a range of individual stocks and ETFs. It appeals to investors seeking a straightforward trading experience. On the other hand, eToro combines social trading with a diverse array of financial instruments, allowing users to copy the trades of experienced investors. While Freetrade focuses on individual stock and ETF trading, eToro emphasizes community and social trading, making it suitable for those interested in a more collaborative investing approach. The choice between them depends on individual preferences, with Freetrade catering to simplicity, and eToro standing out for its social trading features.