Bestinvest vs Freetrade

Bestinvest or Freetrade – which is better for UK traders 2024? Compare Bestinvest and Freetrade in this detailed breakdown of their platforms, features and fees.

Bestinvest vs Freetrade Comparison Table 2024
Bestinvest Freetrade
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3.3
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3.5
Bestinvest is ranked #111 among UK brokers. Freetrade is ranked #60 among UK brokers.
Review
Review
BestInvest is an FCA-regulated investment platform with thousands of low- or zero-fee US and UK stocks traded via a browser interface or mobile app. Traders can choose between self-directed investment accounts and ISAs or managed accounts. The brand has picked up multiple awards for its trading products. Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.
Pros
  • Trustworthy firm with regulatory oversight from the FCA
  • Self-directed trading plus ISAs and managed portfolios
  • Free financial planning and coaching
  • Low minimum deposit
  • FCA-regulated brand with FSCS cover for investors
  • Thousands of US and UK stocks and hundreds of ETFs to choose from
  • Very competitive pricing vs competitors with low fees and zero commissions
  • Earn interest on uninvested cash with competitive rates
  • Transfer/move ISAs from other accounts
  • News and blog feed updated regularly
  • Built-in customer support via live chat
  • Fast revenue withdrawals
  • Dividends on stocks
Cons
  • Few payment methods
  • High fees for some portfolios
  • No margin trading
  • No demo account
  • Competitors have larger selection of assets
  • Trading platform lacks deep analytical tools
  • Less suitable for active, high-volume traders
  • Many countries not accepted
  • No leveraged trading
  • No demo account
Awards
  • Boring Money Best Buy ISA winner 2023
  • Boring Money Best for Beginners winner for 2023
  • Forbes Advisor - 2022 Best for low-cost Ready-made Portfolios
  • Bestinvest 2022 Stock & Share ISA Innovation
  • Best Junior ISA
  • Bestinvest voted Best ISA Provider 2020
  • Best Low-cost SIPP Provider 2018
  • Bestinvest wins Best Online/Execution-only Stockbroker 2017
  • Best Online Trading Platform 2020 - British Bank Awards
  • Best Share Trading Platform 2019 - British Bank Awards
  • People’s Choice 2019 - Good Money Guide
  • Best New Investment Service 2019 - Consumer Investment Awards
FCA Regulated
Yes Yes
Instruments
Stocks, ETFs, Trusts, Funds Stocks, ETFs
Demo Account
No No
Minimum Deposit
£0 $0
Payment Methods
Minimum Trade
£50 £2
Regulator
FCA FCA
Mobile Apps
iOS & Android Yes
iOS App Rating
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4.3
Android App Rating
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4.3
Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Ready-Made Portfolios
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • GBP
Bestinvest Freetrade
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