Updated September 29, 2026 · BrokerCue Editorial Team
Freetrade vs Wealthyhood
What sets them apart
| Compare |  Freetrade |  Wealthyhood |
|---|---|---|
| Minimum deposit | £1 | €1 |
| Stock trade fee | £0 | €0 |
| Account fee | £0 | €0 |
| Markets | Stocks, ETFs, Bonds, FundsCovers more | Stocks, ETFs |
| Regulators | Financial Conduct Authority (FCA) | Hellenic Capital Markets Commission, Financial Conduct Authority |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Platforms | App, Web | Web, iOS app, Android app |
| Interest on cash | 1% | 2.36%Higher |
| Currency conversion fee | 0.99% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free bank transfers; free card deposits up to EUR 2500 then 0.75% |
| Account types | ISA, SIPP, Jisa | Not confirmed |
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Key differences
- Wealthyhood scores higher overall: 9.3 vs 8.8.
- Regulators: only Freetrade offers Financial Conduct Authority (FCA).
- Regulators: only Wealthyhood offers Hellenic Capital Markets Commission, Financial Conduct Authority.
- Wealthyhood is licensed in 1 more country.
- Markets: only Freetrade offers Bonds, Funds.
- Platforms: only Freetrade offers App.
- Platforms: only Wealthyhood offers iOS app, Android app.
- Interest on cash is higher at Wealthyhood: 2.36% vs 1%.
- Support channels: only Freetrade offers Chat.
- Features: only Freetrade offers 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.
Wealthyhood
Wealthyhood suits Greeks and British retail investors who want to build a portfolio of stocks and ETFs without paying per trade. Trading costs €0 and the account fee is €0, so the cost side is the reason to look here first. The catch is a small product range and support by email and help centre.
Score breakdown
| Area | Freetrade | Wealthyhood |
|---|---|---|
| Cost | 9.0Stock trade fees of £0 and an account fee of £0 sit alongside a 0.99% currency conversion charge. | 9.3Higher |
| Offer | 9.1HigherA UK platform with isa, sipp and jisa accounts, plus a demo account, fractional shares and stocks, etfs and bonds. | 8.9Trading stocks and ETFs costs €0 with €0 account fee, commission free model. |
| Trust | 8.5 | 9.5Higher |
Positions in our rankings
| Ranking | Freetrade | Wealthyhood |
|---|---|---|
| Stock and ETF brokers | 179 of 471 | 85 of 471 |
| Brokers for beginners | 49 of 88 | 29 of 88 |
Pick Freetrade if, pick Wealthyhood if
Pick Freetrade if markets matter most.
Pick Wealthyhood if cost and interest on cash matter most.
If neither fits
ActivTrades has interest on cash at 3.3%, against 1% for Freetrade and 2.36% for Wealthyhood.
ActivTrades reviewEvery fact side by side
| Fact | Freetrade | Wealthyhood |
|---|---|---|
| Features | Fractional shares, Mobile app, Demo accountCovers more | Fractional shares, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Beginners, ExperiencedCovers more |
| Legal entity | Freetrade Limited | Wealthyhood Europe AEPEY |
| Headquarters | United Kingdom | Greece |
| Founded | 2016 | Not confirmed |
| Support channels | Email, Chat, Help centreCovers more | Email, Help centre |
Robo-advisors
| Fact | Freetrade | Wealthyhood |
|---|---|---|
| Minimum investment | Not confirmed | €1 |
| Portfolio types | Not confirmed | ETF, Cash |
Where each stands against the rest
| Fact | Freetrade | Wealthyhood | Median |
|---|---|---|---|
| Currency conversion fee | 0.99%highest quarter | Not confirmed | 0.45% |
| Interest on cash | 1%lowest quarter | 2.36%below the median | 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.
Wealthyhood
Pros
- Trading stocks and ETFs costs €0 and the account fee is €0
- A minimum deposit of €1 and a minimum investment of €1 keep entry small
- Fractional shares and a mobile app are both available, with access on Web, iOS app and Android app
Cons
- Support runs on email and help centre only, with no phone or live chat listed
- The range is limited to stocks and etfs
- Investor compensation sits at EU ICS up to EUR 20,000, below larger cash holdings
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
Wealthyhood
Who it suits
- Greeks and British investors regulated in the UK and Greece, with the entity operating as Wealthyhood Europe AEPEY
- Beginners and experienced investors building a long term stock and ETF portfolio
- Small investors who want fractional shares and a low entry point
Who should look elsewhere
- Brokers wanting broader asset classes than stocks and etfs
- Traders who need phone or live chat support, since contact is limited to email and help centre
- Anyone holding a large cash balance, as cover stops at EU ICS up to EUR 20,000
Country by country
| Country | Freetrade | Wealthyhood |
|---|---|---|
| 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.
Wealthyhood
What does it cost to trade stocks and ETFs?+
Trading costs €0 and the account fee is €0, so there is no per trade charge or annual cost on the standard account. Wealthyhood runs a commission free model. The free bank transfers keep money moving in and out without a fee.
What is the minimum deposit and investment?+
The minimum deposit is €1 and the minimum investment is €1. That makes small, regular amounts workable, and fractional shares let a portion of a share be bought. The app and web platform both handle orders.
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