Updated October 13, 2026 · BrokerCue Editorial Team
eOption vs Freetrade
eOption vs Freetrade: the differences
| Compare |  eOption |  Freetrade |
|---|---|---|
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Options | Stocks, ETFs, Bonds, Funds |
| Platforms | Web Platform, EOption Mobile | App, Web |
| Account types | IRA, Joint, Corporate | ISA, SIPP, Jisa |
| Minimum deposit | Not confirmed | £1 |
| Account fee | Not confirmed | £0 |
| Regulators | Not confirmed | Financial Conduct Authority (FCA) |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
| Currency conversion fee | Not confirmed | 0.99% |
| Options contract fee | $0.10 | Not confirmed |
| Interest on cash | Not confirmed | 1% |
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Key differences
- Markets: only eOption offers Options.
- Markets: only Freetrade offers Bonds, Funds.
- Platforms: only eOption offers Web Platform, EOption Mobile.
- Platforms: only Freetrade offers App, Web.
- Account types: only eOption offers IRA, Joint, Corporate.
- Account types: only Freetrade offers ISA, SIPP, Jisa.
- Features: only eOption offers Options.
- Features: only Freetrade offers Fractional shares.
Our verdict on each
eOption
eOption is an online broker focused on stocks, ETFs and options for investors who follow option strategies. For active traders who want customisable charts and mobile management, it provides research tools and live expert support backed by nearly 50 years of trading experience.
Freetrade
Freetrade suits UK beginners who want to buy shares, ETFs, bonds and funds without paying a dealing charge or an annual account fee. Regulation sits with the Financial Conduct Authority and holdings are covered by the FSCS, though a currency conversion fee of 0.99% applies and support runs on email, chat and help centre only.
Score breakdown
| Area | eOption | Freetrade |
|---|---|---|
| Cost | 9.6Higher | 9.0Stock trade fees of £0 and an account fee of £0 sit alongside a 0.99% currency conversion charge. |
| Offer | 9.1 | 9.1A UK platform with isa, sipp and jisa accounts, plus a demo account, fractional shares and stocks, etfs and bonds. |
| Trust | Not confirmed | 8.5 |
Availability and regulation
| Country | eOption | Freetrade |
|---|---|---|
| United Kingdom | Not confirmed |
What each covers
| Markets | eOption | Freetrade |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | eOption | Freetrade |
|---|---|---|
| ISA | No | Yes |
| SIPP | No | Yes |
| IRA | Yes | No |
| Joint | Yes | No |
| Corporate | Yes | No |
| Jisa | No | Yes |
Sources behind this comparison
eOption
- eoption.com: 7 facts, checked September 26, 2026
Freetrade
- freetrade.io: 14 facts, checked September 26, 2026
- en.wikipedia.org: 3 facts, checked September 26, 2026
How they place
| Ranking | eOption | Freetrade |
|---|---|---|
| Stock and ETF brokers | 311 of 471 | 179 of 471 |
| Investment platforms and apps | 58 of 86 | 37 of 86 |
Every fact side by side
| Fact | eOption | Freetrade |
|---|---|---|
| Features | Options, Demo account, Mobile app | Fractional shares, Mobile app, Demo account |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | Not confirmed | Freetrade Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 2016 |
| Support channels | Not confirmed | Email, Chat, Help centre |
Where each stands against the rest
| Fact | eOption | Freetrade | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | £1below the median | £20 |
| Account fee | Not confirmed | £0at the median | £0 |
| Currency conversion fee | Not confirmed | 0.99%highest quarter | 0.45% |
| Options contract fee | $0.10lowest quarter | Not confirmed | $0.625 |
| Interest on cash | Not confirmed | 1%lowest quarter | 3% |
Median across 43 listed brokers.
Pros and cons
eOption
Pros
- Covers stocks, ETFs and options with single leg and multi leg order entry
- Offers a customisable platform with charts, quotes, watchlists and option chains
- Provides mobile access to research, positions and order status while travelling
Cons
- Range stays narrow around stocks, ETFs and options rather than broader assets
- Research leans toward technical signals and option trade ideas for active users
Freetrade
Pros
- Dealing commission of £0 and an account fee of £0 keep the running cost of an ISA, SIPP or Junior ISA low.
- Regulated by the Financial Conduct Authority in the UK, with protection stated as FSCS up to GBP 85,000.
- Fractional shares and a demo account let you size positions in small amounts and practise before committing money.
Cons
- A currency conversion fee of 0.99% applies whenever you hold investments in more than one currency.
- Support runs on email, chat and help centre only, with no phone line listed for account or transfer questions.
- The account range is limited to isa, sipp and jisa, so there is no general investment account for shares outside a wrapper.
Who each suits
eOption
Who it suits
- Traders who focus on options and strategy ideas
- Investors who want customisable charts and mobile management
Who should look elsewhere
- Investors seeking broad asset classes beyond stocks and ETFs
Freetrade
Who it suits
- UK beginners opening a stocks and shares ISA or Junior ISA with small monthly amounts
- Long-term investors who want to hold a simple share and ETF portfolio without a dealing charge
- SIPP holders who prefer an app and web platform to a phone-only service
Who should look elsewhere
- People who need a general investment account outside a tax wrapper
- Investors who trade frequently in several currencies, because the 0.99% conversion fee applies each time
- Anyone who wants to speak to support by phone, as support runs on email, chat and help centre only
Country by country
| Country | eOption | Freetrade |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
eOption
What products does eOption cover?+
eOption covers stocks, ETFs and options, including single leg and multi leg option trades. Its platform provides charts, quotes, research, watchlists and option chains. Investors can follow positions and account information in one central place.
How does online and mobile access work at eOption?+
eOption provides an online platform with adaptable screens for orders and analysis. Users can view news, charts, quotes, research, watchlists, option chains and positions. eOption Mobile extends account access, trading and order status with integrated market data.
Freetrade
How much does it cost to buy shares on Freetrade?+
The dealing charge is £0 and the account fee is £0. Those two cover the trading and holding side of a stocks and shares ISA, SIPP or Junior ISA. The charge that appears is currency conversion at 0.99%, which only shows up if part of your portfolio sits in another currency.
Who regulates Freetrade and is my money protected?+
Freetrade Limited is regulated in the UK by the Financial Conduct Authority, with register reference 783189. Protection for eligible holdings is stated as FSCS up to GBP 85,000, which is the ceiling the scheme pays if the firm cannot return your money. It covers firm failure rather than market losses.
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