Updated September 29, 2026 · BrokerCue Editorial Team
Freetrade vs NAGA
Freetrade vs NAGA: the differences
| Compare |  Freetrade |  NAGA |
|---|---|---|
| Minimum deposit | £1 | €50 |
| Stock trade fee | £0 | €3 |
| Markets | Stocks, ETFs, Bonds, Funds | Stocks, ETFs, Forex, CFDs, Futures, Crypto |
| Regulators | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Platforms | App, Web | iOS, Android, Web, MetaTrader 5 |
| Interest on cash | 1% | 2.4%Higher |
| Account fee | £0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 70.45% |
| Currency conversion fee | 0.99% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | No withdrawal fee |
| Account types | ISA, SIPP, Jisa | Not confirmed |
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Key differences
- Freetrade scores higher overall: 8.8 vs 8.7.
- Regulators: only Freetrade offers Financial Conduct Authority (FCA).
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- NAGA is available in 29 more countries.
- Markets: only Freetrade offers Bonds, Funds.
- Markets: only NAGA offers Forex, CFDs, Futures.
- Platforms: only Freetrade offers App.
- Platforms: only NAGA offers iOS, Android, MetaTrader 5.
- Interest on cash is higher at NAGA: 2.4% vs 1%.
- Features: only Freetrade offers Fractional shares, Demo account.
Our verdict on each
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.
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
Score breakdown
| Area | Freetrade | NAGA |
|---|---|---|
| Cost | 9.0HigherStock trade fees of £0 and an account fee of £0 sit alongside a 0.99% currency conversion charge. | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 9.1A UK platform with isa, sipp and jisa accounts, plus a demo account, fractional shares and stocks, etfs and bonds. | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 8.5 | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
Where they rank in our lists
| Ranking | Freetrade | NAGA |
|---|---|---|
| Stock and ETF brokers | 179 of 471 | 4 of 471 |
Choosing between them
Pick Freetrade if cost matter most.
Pick NAGA if interest on cash matter most.
Every fact side by side
| Fact | Freetrade | NAGA |
|---|---|---|
| Features | Fractional shares, Mobile app, Demo account | Crypto, Copy trading, Mobile app |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners | Not confirmed |
| Legal entity | Freetrade Limited | Not confirmed |
| Headquarters | United Kingdom | Not confirmed |
| Founded | 2016 | Not confirmed |
| Support channels | Email, Chat, Help centre | Not confirmed |
Where each stands against the rest
| Fact | Freetrade | NAGA | Median |
|---|---|---|---|
| Account fee | £0at the median | Not confirmed | £0 |
| Retail accounts that lose money | Not confirmed | 70.45%below the median | 72.05% |
| Currency conversion fee | 0.99%highest quarter | Not confirmed | 0.45% |
| Interest on cash | 1%lowest quarter | 2.4%below the median | 3% |
Median across 47 listed brokers.
Pros and cons
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.
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
Who each suits
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
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
Country by country
| Country | Freetrade | NAGA |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 31 countries where either is available.
Questions about each
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.
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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