Freetrade
Investing made simple. Join the Which recommended stock trading app.
Or copy the referral link below:
Reward:
Get a free share worth between £10 and £100
How it works:
- Signup
- Deposit £50
- Get a free share worth between £10 and £100
Freetrade referral at a glance
| Your reward | Free share worth £10–£100 |
| Friend's reward | Free share worth £10–£100 |
| Reward type | Free share |
| Requirement | Deposit at least £50 |
| Time to receive | Within days of depositing £50 |
| Referral limit | Unlimited |
Freetrade key facts
FCA regulated
Yes
Source: FCA
FSCS protected
Yes — up to £85,000
Source: FSCS
Which? recommended
Yes
Source: Which?
Freetrade referral pros and cons
Pros
- Free share worth up to £100 just for signing up and depositing £50
- Commission-free trades on UK and US stocks
- Stocks and Shares ISA available (free on basic plan)
- Clean, simple app ideal for beginner investors
- FCA regulated with FSCS protection up to £85,000
- Fractional shares let you invest from as little as £2
Cons
- Free share is random — most people receive closer to £10 than £100
- Smaller selection of stocks compared to Hargreaves Lansdown or Interactive Investor
- No SIPP (pension) product yet
- US stock trades incur a 0.99% FX fee
- Advanced trading tools are limited compared to dedicated platforms
What is Freetrade?
Freetrade is a UK commission-free stock trading app offering thousands of UK and US stocks, ETFs, and investment trusts. FCA-regulated with FSCS protection up to £85,000. Free Stocks and Shares ISA included. Which? recommended.
Freetrade is a UK stock trading app that lets you buy and sell shares commission-free. Founded in 2016, it is designed to make investing accessible to beginners while still being useful for experienced investors. Freetrade offers access to thousands of UK and US stocks, ETFs, and investment trusts. You can invest through a General Investment Account (GIA), a Stocks and Shares ISA, or a SIPP pension. The app is FCA-regulated, your cash is FSCS-protected up to £85,000, and Freetrade has been recommended by Which? for its simplicity and value.
How does the Freetrade referral scheme work?
Deposit £50 into a new Freetrade account and receive a free share worth between £10 and £100. The share is randomly selected. You can sell it immediately and withdraw the cash. The referrer also gets a free share. No limit on referrals.
When you sign up to Freetrade using the referral link on this page and deposit at least £50, you receive a free share worth between £10 and £100. The share is randomly selected from a pool of UK and US listed companies. Your free share is added to your account within a few days of your deposit clearing. The referrer also receives a free share. You can sell your free share and withdraw the proceeds if you wish, or hold it as part of your portfolio. There is no limit on the number of referrals.
Who is Freetrade best for?
Freetrade is best for beginner to intermediate investors who want simple, commission-free investing with a free ISA. Ideal for regular small investments. Too basic for advanced traders needing options, CFDs, or charting tools.
Freetrade is ideal for beginner to intermediate investors who want a simple, low-cost way to start building a portfolio. The commission-free model means you can invest small amounts regularly without fees eating into your returns. The free ISA on the basic plan is a significant advantage over competitors who charge £5–10/month for ISA access. If you are a more advanced trader looking for options, CFDs, or detailed charting tools, you may find Freetrade too basic — but for straightforward buy-and-hold investing, it is one of the best options in the UK.
How Freetrade compares to other investment apps
Freetrade competes with Trading 212 (larger selection, free ISA), eToro (more assets but withdrawal fees), and Hargreaves Lansdown (comprehensive but £5.95+ per trade). Freetrade offers the best balance of simplicity and low cost. Trustpilot: 4.3.
Freetrade's closest competitors are Trading 212, eToro, and Hargreaves Lansdown. Trading 212 also offers commission-free trades and a free ISA, with a slightly larger stock selection. eToro has a wider range of assets (including crypto) but is more complex and charges withdrawal fees. Hargreaves Lansdown offers the most comprehensive range of investments and research tools, but charges dealing fees of £5.95+ per trade. Freetrade sits in the sweet spot of simplicity and low cost, making it the best option for most casual investors. Its Trustpilot score of 4.3 is competitive with Trading 212 (4.6) and well above eToro (3.4).
Related referral codes
Recent posts & guides
Read short guides and reviews about Freetrade, including how the referral scheme works and whether it's right for you.
Freetrade referral code: get a free share worth up to £100
Freetrade referral FAQ
What is the Freetrade referral reward?
You receive a free share worth between £10 and £100, randomly selected from a pool of UK and US listed companies, after depositing at least £50.
How do I use a Freetrade referral link?
Click the referral link on this page, download the Freetrade app, create your account, and deposit a minimum of £50. Your free share is allocated within a few days.
Is Freetrade really free?
Basic investing (including a free ISA) is commission-free. The Freetrade Plus plan costs £11.99/month and adds features like a higher interest rate on cash balances, more stock analysis, and priority access to IPOs.
What shares can I buy on Freetrade?
Freetrade offers thousands of UK and US stocks, ETFs, investment trusts, and REITs. The selection is smaller than traditional brokers but covers all major companies and popular funds.
Is my money safe with Freetrade?
Yes. Freetrade is FCA-regulated. Your cash is held in a segregated client money account and is FSCS-protected up to £85,000. Your shares are held in a nominee account in your name.
Can I have an ISA with Freetrade?
Yes. Freetrade offers a Stocks and Shares ISA which is free on the basic plan. You can invest up to the annual ISA allowance (currently £20,000) and any gains are tax-free.
What is a fractional share?
Freetrade lets you buy fractional shares — a portion of a share — starting from £2. This means you can invest in expensive stocks like Amazon or Tesla without needing to buy a whole share.
Can I sell my free referral share?
Yes. Once the free share is in your account, you can sell it at any time at market value and withdraw the cash to your bank account.
How long does it take to open a Freetrade account?
Most accounts are opened within minutes. You need to provide your personal details, National Insurance number, and verify your identity with a photo of your ID.
Are there fees for buying US stocks on Freetrade?
Trades are commission-free, but buying US stocks incurs a 0.99% foreign exchange fee to convert GBP to USD. This is applied to each transaction.
SP
Personal finance writer and UK consumer savings specialist
Seb researches and reviews referral schemes across energy, banking, fintech and mobile to help UK consumers get the most from every sign-up. Every guide is fact-checked against official terms and updated regularly.
Last updated: · Fact-checked and reviewed for accuracy