Freetrade
Interactive Brokers
VS
Higher Rated
Interactive Brokers
Capital at risk · T&Cs apply
In the realm of online trading, Freetrade and Interactive Brokers cater to distinct types of investors, each with unique needs. Freetrade, a UK-based platform, attracts novice and casual investors with its commission-free stock trading and user-friendly mobile app, though it primarily focuses on the UK market. In contrast, Interactive Brokers appeals to experienced traders seeking global market access, offering advanced trading tools and a wide range of asset classes, albeit with a more complex platform. The key difference lies in Freetrade’s simplicity and focus on stocks and ETFs versus Interactive Brokers' extensive market reach and sophisticated trading capabilities.
Freetrade
Interactive Brokers
| Freetrade | Interactive Brokers | |
|---|---|---|
| BrokerRank Score | 3.0/5 | 4.4/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:1 | 1:4 ✓ |
| Regulation | FCA | SEC, CFTC, FCA ✓ |
| Platforms | Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Interactive Brokers is the better choice overall, scoring 4.4/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Freetrade offers lower spreads (0 pips).
See full side-by-side comparison belowFreetrade
Interactive Brokers
Freetrade
Lower feesInteractive Brokers
Freetrade
3.0/5
Choose Freetrade if you want…
Interactive Brokers
4.4/5
Choose Interactive Brokers if you want…
Interactive Brokers scores higher overall on our independent rating system. Freetrade holds a 3.0/5 rating vs Interactive Brokers's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Freetrade offers spreads from 0 pips, while Interactive Brokers starts at 0.2 pips. Check the fees section above for a full breakdown.
Freetrade requires a minimum deposit of $0. Interactive Brokers requires $0.
Freetrade is regulated by FCA, while Interactive Brokers holds licences from SEC, CFTC, FCA, MAS, ASIC.
Freetrade supports Proprietary Mobile. Interactive Brokers supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.