Updated September 29, 2026 · BrokerCue Editorial Team
Freetrade vs Traders Place
Where Freetrade and Traders Place differ
| Compare |  Freetrade |  Traders Place |
|---|---|---|
| Stock trade fee | £0 | €0 |
| Account fee | £0 | €0 |
| Markets | Stocks, ETFs, Bonds, Funds | Stocks, ETFs, Crypto, Bonds, FundsCovers more |
| Regulators | Financial Conduct Authority (FCA) | Federal Financial Supervisory Authority (BaFin) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Platforms | App, Web | Traders Place App |
| Account types | ISA, SIPP, Jisa | Joint |
| Minimum deposit | £1 | Not confirmed |
| Currency conversion fee | 0.99% | Not confirmed |
| Interest on cash | 1% | Not confirmed |
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Key differences
- Traders Place scores higher overall: 8.9 vs 8.8.
- Regulators: only Freetrade offers Financial Conduct Authority (FCA).
- Regulators: only Traders Place offers Federal Financial Supervisory Authority (BaFin).
- Markets: only Traders Place offers Crypto.
- Platforms: only Freetrade offers App, Web.
- Platforms: only Traders Place offers Traders Place App.
- Account types: only Freetrade offers ISA, SIPP, Jisa.
- Account types: only Traders Place offers Joint.
- Support channels: only Freetrade offers Chat.
- Support channels: only Traders Place offers Phone.
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.
Traders Place
Traders Place is a German broker built around a commission-free model, with stocks, ETFs, bonds, funds and crypto in a joint account and an overall score of 6.6. It suits investors who want a low running cost and a regulated German setup, with crypto included rather than bolted on.
Score breakdown
| Area | Freetrade | Traders Place |
|---|---|---|
| Cost | 9.0Stock trade fees of £0 and an account fee of £0 sit alongside a 0.99% currency conversion charge. | 9.3HigherStock trade fee €0 and account fee €0 sit at ranking position 1 and 1. |
| Offer | 9.1HigherA UK platform with isa, sipp and jisa accounts, plus a demo account, fractional shares and stocks, etfs and bonds. | 8.9 |
| Trust | 8.5 | 8.6Higher |
Positions in our rankings
| Ranking | Freetrade | Traders Place |
|---|---|---|
| Stock and ETF brokers | 179 of 471 | 20 of 471 |
| Investment platforms and apps | 37 of 86 | 2 of 86 |
Side by side, item by item
| Markets | Freetrade | Traders Place |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Crypto | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Freetrade | Traders Place |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| Joint | No | Yes |
| Jisa | Yes | No |
Every fact side by side
| Fact | Freetrade | Traders Place |
|---|---|---|
| Features | Fractional shares, Mobile app, Demo account | Crypto, Fractional shares, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Not confirmed |
| Legal entity | Freetrade Limited | Traders Place GmbH & Co. KGaA |
| Headquarters | United Kingdom | Germany |
| Founded | 2016 | Not confirmed |
| Support channels | Email, Chat, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Freetrade | Traders Place | Median |
|---|---|---|---|
| Minimum deposit | £1below the median | Not confirmed | £20 |
| Currency conversion fee | 0.99%highest quarter | Not confirmed | 0.45% |
| Interest on cash | 1%lowest quarter | Not confirmed | 3% |
Median across 43 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.
Traders Place
Pros
- Regulated by Federal Financial Supervisory Authority (BaFin), with investor protection of EU ICS up to EUR 20,000.
- A broad market list, stocks, etfs and crypto, covering equities, ETFs, bonds, funds and crypto.
- Fractional shares, crypto and a mobile app sit in crypto, fractional shares and mobile app, with Traders Place App as the platform.
Cons
- Contact options are limited to email, phone and help centre, with no live chat channel listed.
- The market list covers stocks, etfs and crypto, so forex and CFD traders are not served.
- Retail accounts that lose money run at 70.15% across the brands compared here, so a commission-free model does not remove the risk.
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
Traders Place
Who it suits
- Couples who want a joint account, since joint lists joint.
- Investors who want equities, ETFs, bonds, funds and crypto in a single account: stocks, etfs and crypto.
- Savers who want a German regulated broker with phone and email support: email, phone and help centre.
Who should look elsewhere
- Traders who want forex or CFDs, since CFI lists them in stocks, etfs and forex.
- Investors who prefer to check the cost model against a rival priced in another currency, such as eToro at $0.
Current offers
Traders Place
Current offer
Bonus
Neukundenbonus
Source, checked September 26, 2026
Country by country
| Country | Freetrade | Traders Place |
|---|---|---|
| Germany | No | Yes |
| United Kingdom | Yes | No |
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.
Traders Place
What does it cost to buy shares at Traders Place?+
Stock trades are charged at €0 and the pricing model is listed as commission-free, so no commission is added to a share purchase. The account fee is €0 as well, which keeps the cost of holding a plain brokerage account low for a buy and hold investor.
Does Traders Place charge to keep an account open?+
The account fee is €0, and the only account type listed is joint, as joint shows. That suits a couple holding securities together under a single pricing structure. Stock trades themselves are charged at €0, so the account charge is not offset by a per-trade commission.
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