Freetrade Investment ISA Review (Sep 2026)

Protection

FSCS

Up to £85,000

Min investment

£0

Max investment

£20,000

Access

Instant

Transfers in

Accepted

Capital at Risk - Stocks & Shares ISAs are investment products, not savings accounts. The value of your investment can go down as well as up and you may get back less than you invest.

Bonus Terms

Up to £5,000 cashback when topping up or transferring at least £10,000. Terms apply.

Who Is This For

Learn more about Freetrade

Those wanting easy access
Savers happy with a £20,000 cap

Additional Info

Freetrade offers a clean app-based investing experience with zero commission trading. Good for beginner investors who want a simple interface.

Available Investments

7000+ Stocks & ETFs

Please verify all details with the provider – for more info read our Disclaimer

Penny's Take

Clean, app-based platform with zero commission on all trades and no monthly fee needed to hold an ISA — a good starting point for investors who want to keep things simple. The main cost to watch is the FX fee: at 0.99% on the free Basic plan, it adds up quickly if you're regularly buying US stocks. Upgrading to Standard (£4.99/month) or Plus (£9.99/month) cuts that significantly, so it's worth doing the maths if international shares are part of your strategy.

Our Expert Opinion on Freetrade Investment ISA

This is a stocks and shares ISA rather than a savings account, so there is no fixed interest rate - your returns depend entirely on how your investments perform across the 7,000-plus stocks and ETFs available. I like that the Basic plan costs nothing monthly and all trades are commission-free, and the cashback offer of up to £5,000 for topping up or transferring at least £10,000 is worth noting. The genuine catch for anyone buying US stocks is the 0.99% FX fee on the Basic plan, which can quietly erode returns if you are trading frequently in non-GBP assets.