Updated September 29, 2026 · SumCue Editorial Team
Freetrade vs Moneyfarm
Freetrade
Moneyfarm
Higher score in this comparison
Freetrade vs Moneyfarm: the differences
| Compare | FreetradeReviewSee alternativesSee alternatives | MoneyfarmReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £1Lower | £500 |
| Stock trade fee | £0Lower | £3.95 |
| Regulators | Financial Conduct Authority (FCA) | Financial Conduct Authority |
| Currency conversion fee | 0.99% | 0.7%Lower |
| Account types | ISA, SIPP, JisaCovers more | ISA, SIPP |
| Account fee | £0 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
| Platforms | App, Web | Not confirmed |
| Interest on cash | 1% | Not confirmed |
Same on both: Markets (Stocks, ETFs, Bonds, Funds), Investor protection (FSCS up to GBP 85,000).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Moneyfarm scores higher overall: 9.1 vs 8.8.
- Regulators: only Freetrade offers Financial Conduct Authority (FCA).
- Regulators: only Moneyfarm offers Financial Conduct Authority.
- Moneyfarm is available in 1 more country.
- Minimum deposit is lower at Freetrade: £1 vs £500.
- Stock trade fee is lower at Freetrade: £0 vs £3.95.
- Currency conversion fee is lower at Moneyfarm: 0.7% vs 0.99%.
- Account types: only Freetrade offers Jisa.
- Support channels: only Moneyfarm offers Phone.
- Pricing model: only Freetrade offers Commission free.
Our verdict on each
Freetrade
Freetrade suits UK beginners and anyone opening an ISA or a pension, since dealing carries no charge and the platform is built for small, regular buys. Its overall score of 3.3 is held back by a narrow market list and support without a phone line.
Moneyfarm
Moneyfarm suits UK savers who want a managed portfolio or a Cash ISA under one brand, and it charges a management fee of 0.1% to 0.45% rather than nothing. The trade-off is a £500 starting amount and a £3.95 charge on stock trades.
Score breakdown
| Area | Freetrade | Moneyfarm |
|---|---|---|
| Cost | 9.1Both charges sit at the floor: account fee £0, stock trade fee £0, ranked 1 of 166. | 9.2HigherA management fee of 0.1% to 0.45% a year plus £3.95 per stock trade, while the site median is 0.35%. |
| Offer | 9.0Accounts listed are isa, sipp and jisa, features cover fractional shares, mobile app and demo account, and the minimum deposit is £1. | 9.7Higher |
| Trust | 8.5 | 8.7Higher |
What each covers
| Markets | Freetrade | Moneyfarm |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Freetrade | Moneyfarm |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | Yes |
| Jisa | Yes | No |
Where each is licensed and available
| Country | Freetrade | Moneyfarm |
|---|---|---|
| United Kingdom | Financial Conduct Authority 629539 |
Available in 1 country for both. Additional countries for Moneyfarm: 1.
Which one suits you
Pick Freetrade if minimum deposit, stock trade fee, and account types matter most.
Pick Moneyfarm if offer and currency conversion fee matter most.
Sources behind this comparison
Freetrade
- freetrade.io: 14 facts, checked September 26, 2026
- en.wikipedia.org: 3 facts, checked September 26, 2026
Moneyfarm
- moneyfarm.com: 12 facts, checked September 26, 2026
How they place
| Ranking | Freetrade | Moneyfarm |
|---|---|---|
| Investing | 273 of 654 | 172 of 654 |
| Stock and ETF brokers | 197 of 358 | 128 of 358 |
| Stocks and shares ISAs | 11 of 25 | 6 of 25 |
| Pensions and SIPPs | 8 of 23 | 4 of 23 |
Every fact side by side
| Fact | Freetrade | Moneyfarm |
|---|---|---|
| Features | Fractional shares, Mobile app, Demo account | Not confirmed |
| Pricing model | Commission free | No monthly fee |
| Audience | Beginners | Not confirmed |
| Legal entity | Freetrade Limited | MFM Investment Ltd |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 2016 | Not confirmed |
| Support channels | Email, Chat, Help centre | Email, Phone, Help centre, ChatCovers more |
Savings
| Fact | Freetrade | Moneyfarm |
|---|---|---|
| Headline rate | Not confirmed | 3.87% |
| Rate type | Not confirmed | Variable |
| Deposit protection | Not confirmed | FSCS up to GBP 85,000 |
| Access terms | Not confirmed | Flexible Cash ISA: up to 3 withdrawals or transfers out per year, top up anytime |
| Monthly fee | Not confirmed | £0 |
| Account kind | Not confirmed | ISA |
Where each stands against the rest
| Fact | Freetrade | Moneyfarm | Median |
|---|---|---|---|
| Minimum deposit | £1below the median | £500highest quarter | £15 |
| Stock trade fee | £0at the median | £3.95above the median | £0 |
| Account fee | £0at the median | Not confirmed | £0 |
| Currency conversion fee | 0.99%highest quarter | 0.7%above the median | 0.4% |
| Interest on cash | 1%lowest quarter | Not confirmed | 2.875% |
Median across 77 listed providers.
Pros and cons
Freetrade
Pros
- Dealing is commission free: the stock trade fee is £0 and the account fee is £0, so keeping the account open costs nothing in fees.
- A minimum deposit of £1 lets a position build up gradually, and cash waiting to be invested earns 1%.
- The account list is isa, sipp and jisa, so a pension, a tax-sheltered investment account and a junior account sit under the same login.
Cons
- Currency conversion costs 0.99%, where the typical fee across ISA and SIPP listings is 0.75%, putting it at the pricier end of that set for anyone buying in dollars or euros.
- Support runs on email, chat and help centre only, with no phone line among them, which is awkward when a position is moving fast.
- The market list stops at stocks, etfs and bonds, so anyone wanting forex or derivatives finds fewer instruments here than at a trading-focused broker.
Moneyfarm
Pros
- The monthly fee is £0, so there is no monthly account charge to plan around.
- The Cash ISA pays a variable rate of 3.87%, where the site median is 3%.
- Money in and out is listed as Free deposits and withdrawals, so no charge applies to funding or taking money out.
Cons
- Trading is a paid extra: a stock trade costs £3.95, where the median across the site is €0.
- The minimum investment of £500 sits well above the typical starting amount on the site, which is €25.
- The management fee of 0.1% to 0.45% runs every year, where eToro and Empower Personal Dashboard list fees of 0% and 0%.
Who each suits
Freetrade
Who it suits
- Beginners taking small first steps, since the stated audience is beginners and fractional shares plus a demo account sit in fractional shares, mobile app and demo account.
- ISA and pension savers who want isa, sipp and jisa under a single login with a minimum deposit of £1.
- Cost-focused investors, for whom an account fee of £0 and a stock trade fee of £0 keep holding inexpensive.
Who should look elsewhere
- Anyone who wants everyday banking rather than isa, sipp and jisa: bunq is a bank account with a minimum deposit of €10, so it fits savers who need a current account, not a dealing platform.
- Traders who want a market range wider than stocks, etfs and bonds: CFI is the one to weigh instead, with a minimum deposit of $0.
- People after a lender rather than an investment account: Fiesta Credito MX is regulated by CONDUSEF, so it serves borrowing in Mexico rather than investing in the UK.
Moneyfarm
Who it suits
- People who want a variable Cash ISA paying 3.87% alongside a managed portfolio, and who are comfortable with a management fee where eToro lists 0%.
- Investors holding £500 or more who want both ISA and SIPP options, with the minimum investment at Axos Invest set at $100.
- Readers who care more about a free monthly fee and free deposits than about a fee-free management platform, since Empower Personal Dashboard lists a management fee of 0%.
Who should look elsewhere
- Anyone who will not pay a management fee, since eToro and Empower Personal Dashboard list fees of 0% and 0%.
- People who need a smaller opening amount than £500, who may find the $100 minimum investment at Axos Invest a closer fit.
- Savers who want a rate locked for a term, since the Moneyfarm Cash ISA is variable and follows the market.
Country by country
| Country | Freetrade | Moneyfarm |
|---|---|---|
| Italy | No | Yes |
| United Kingdom | Yes | Yes |
Questions about each
Freetrade
What does it cost to hold and trade shares?+
The account fee is £0 and the stock trade fee is £0, on a commission-free model, so opening and holding an account adds no charge. The cost that does appear is currency conversion at 0.99% whenever you buy or sell something priced in another currency. Budget for that if your holdings are not all in sterling.
How much do I need to start investing?+
The minimum deposit is £1, which keeps the entry point low. Cash waiting to be invested earns 1%, so the balance is not idle while you decide what to hold. A small starting amount suits regular contributions rather than a single lump sum, and the account fee adds nothing to the running cost.
Moneyfarm
What does Moneyfarm charge for managing my money?+
Moneyfarm charges a management fee of 0.1% to 0.45% a year on the ISA and SIPP accounts, which is the main ongoing cost. The monthly fee is £0, so there is no monthly account charge. eToro, by contrast, lists a management fee of 0%.
What rate does the Moneyfarm Cash ISA pay?+
The Cash ISA pays a headline rate of 3.87%, and the rate type is variable, so the figure tracks the market rather than being locked for a term. For context, the site median is 3% and the upper quartile is 4.15%.
Other options to compare
Other matchups
Freetrade
Moneyfarm