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Mr A

Table of Contents

  • Overview of eToro and FreeTrade
  • eToro Overview
  • FreeTrade Overview
  • Investment Offerings
  • Fees and Commissions
  • Trading Platform and Tools
  • Account Types
  • Customer Support
  • Security and Regulation
  • Pros and Cons
  • Final Thoughts

Overview of eToro and FreeTrade

When it comes to choosing the right trading platform, investors are often faced with a multitude of options. Two of the most popular platforms on the market today are eToro and FreeTrade. Both platforms have attracted millions of users with their unique features and benefits. In this article, we'll compare and contrast eToro vs. FreeTrade to help you determine which trading platform is best for you.

eToro Overview

eToro is an Israeli social trading and multi-asset investment company established in 2007. It has gained significant popularity as one of the pioneers of social trading, allowing users to copy the trades of top-performing professionals on the platform. eToro serves millions of users across over 140 countries, offering a broad spectrum of financial instruments including stocks, ETFs, commodities, cryptocurrencies, and more.

FreeTrade Overview

Launched in 2018, FreeTrade is a UK-based commission-free trading app designed to provide users with a simple and intuitive trading experience focused on stocks and ETFs. The platform gained prominence for its zero-commission structure for basic trades, attracting over 700,000 users primarily in the UK but with plans to expand internationally.

Investment Offerings

A major factor in deciding between eToro and FreeTrade is the range of available investment instruments. Here, eToro gains an edge due to its diverse offerings.


  • Access to over 2,000 financial instruments, including stocks, ETFs, commodities, indices, currencies, and cryptocurrencies
  • Unique features like CopyTrading, enabling users to replicate the trading strategies of professional investors
  • CFD trading on multiple assets, enabling users to trade on leverage and short sell various financial instruments


  • Focuses on stocks and ETFs, with approximately 4,000 available stocks and ETFs from the UK, US, and European markets
  • Limited portfolio of financial instruments compared to eToro
  • Does not offer CFDs, currencies, or commodities
  • No social trading features

Fees and Commissions

When it comes to fees and commissions, both platforms have their distinct advantages.

eToro Fees:

  • Commission-free trading for stocks and ETFs
  • Charges spread and overnight fees for CFD trading
  • Withdrawal fee of $5 and a minimum withdrawal amount of $30
  • Inactivity fee of $10 per month after one year of inactivity
  • Currency conversion fees for deposits in non-USD currencies

FreeTrade Fees:

  • Commission-free basic trades for stocks and ETFs
  • Charges a £1 fee for instant trades
  • Offers a tax-efficient Individual Savings Account (ISA) for £3 per month
  • FreeTrade Plus account available for £9.99 per month, providing access to additional stocks, research tools, and better customer support
  • No inactivity fees or withdrawal fees

Trading Platform and Tools

Both eToro and FreeTrade offer user-friendly trading platforms, but they cater to different needs and target audiences.

eToro Platform:

  • Web-based platform and mobile app available (iOS and Android)
  • Easy-to-use interface with advanced charting and analytical tools
  • Comprehensive social trading features, including CopyTrading and follower rankings
  • Virtual demo account with $100,000 of virtual currency for practicing

FreeTrade Platform:

  • Mobile app only (iOS and Android)
  • Simple and intuitive interface designed for beginners
  • Lacks advanced charting and research features compared to eToro
  • No social trading features or virtual demo account

<h2]Account Types[/h2]

The account options available on each platform cater to different needs and preferences.

eToro Accounts:

  • Retail account: Provides access to all trading features and instruments for individual investors
  • Professional account: Offers increased leverage and reduced margin requirements for qualified traders

FreeTrade Accounts:

  • General Investment Account (GIA): Allows investors to trade without restrictions or tax advantage
  • Individual Savings Account (ISA): Provides tax-efficient investing for UK-based users at a £3 monthly fee
  • FreeTrade Plus: Enhances GIA and ISA accounts with added features and benefits for £9.99 per month
  • Junior ISA: Enables parents to open investment accounts for their children

Customer Support

The quality of customer support can make a significant difference in user experience.

eToro Support:

  • Offers a comprehensive Help Center with FAQs and resources
  • Provides email support through a ticketing system
  • Lacks live chat or phone support

FreeTrade Support:

  • Offers an extensive help library with guides and FAQs
  • Provides in-app chat support for all users
  • Prioritizes support for FreeTrade Plus subscribers

Security and Regulation

Investor security and regulatory compliance are critical for any trading platform.

eToro Security and Regulation:

  • Regulated by multiple authorities, including FCA (UK), CySEC (Cyprus), and ASIC (Australia)
  • Adheres to strict data security standards, with SSL encryption and two-step verification

FreeTrade Security and Regulation:

  • Regulated by the FCA (UK)
  • Utilizes bank-level encryption and industry-leading security protocols
  • Funds covered by the Financial Services Compensation Scheme (FSCS) up to £85,000

Pros and Cons

To summarize, here are the main pros and cons of eToro and FreeTrade:

eToro Pros:

  • Diverse investment offerings, including stocks, ETFs, commodities, and cryptocurrencies
  • Unique social trading features like CopyTrading
  • Advanced charting and research tools

eToro Cons:

  • Inactivity fee and withdrawal fee
  • Limited customer support channels

FreeTrade Pros:

  • Commission-free basic trades
  • Simple and intuitive interface for beginners
  • No inactivity fees or withdrawal fees

FreeTrade Cons:

  • Limited investment offerings compared to eToro
  • Lacks advanced charting and research features
  • Supports only mobile trading

Final Thoughts

Deciding between eToro and FreeTrade comes down to personal preferences and investment strategies. If you're interested in a diverse range of investment options, social trading features, and advanced charting tools, eToro might be a better choice. On the other hand, if you prefer a simple, beginner-friendly platform with commission-free trades on stocks and ETFs, FreeTrade could be the right choice for you.

While both platforms have their unique offerings and benefits, it's essential to consider your investment goals, risk tolerance, and desired level of involvement when selecting a trading platform. Consider trying out the platforms' demo versions or starting with a small investment to test which platform best suits your needs.

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