Freetrade has no Minimum Deposit so an account can be opened with as little as GBP2 / R40 at the time of writing. Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.
Freetrade at a Glance
| 🔎 Broker's Name | Freetrade |
| 📍 Headquartered | London |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | Freetrade ONLY accepts traders from United Kingdom, Germany, Sweden, Ireland, Netherlands, France. |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | No leverage offered |
| 💰 Minimum Deposit | No minimum |
| 💳 Deposit Options | Apple Pay, Google Pay, Wire Transfer |
| 💳 Withdrawal Options | Apple Pay, Google Pay, Wire Transfer |
| 💻 Platform Types | Own mobile platform app. |
| 📱 OS Compatibility | Android, iPhone, iPad. |
| 📈 Tradable assets offered | stocks and ETFs |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | Between 6am and Midnight, Monday to Friday |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
4.7/5
Rated #– of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA
Freetrade mobile app
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
Choose your short section of our Freetrade Minimum Deposit below.
Freetrade Minimum Deposit – 10 key points quick overview:
- Freetrade at a Glance
- Freetrade Minimum Deposit Revealed:
- Freetrade Minimum Deposit
- Freetrade Deposit fees and deposit methods
- Freetrade Step by step guide to depositing the minimum amount
- Freetrade Customer Reviews
- Freetrade Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Freetrade Minimum deposit as well as the pros and cons as well as features that are offered to traders.
Freetrade Minimum Deposit
Freetrade has no minimum deposit requirement, so an account can be opened with as little as GBP2.
This minimum deposit amount was equivalent to ZAR 40 at an average current exchange rate between the GBP and the South African Rand at the time of writing.
Freetrade’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Freetrade Deposit fees and deposit methods
Compared to other brokers, the lack of a minimum deposit amount that Freetrade requires when traders register a live account is beneficial.
Freetrade offers traders a few deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
The broker offers several online payment solutions with varying processing times. Freetrade does not accept credit or debit cards, only bank transfers from bank accounts and Apple Pay and Google Pay as deposit options. A Bank Transfer takes 2 to 4 business hours and is only processed Monday to Friday, including all UK banks and joint accounts. Apple Pay is processed instantly and is available 24/7.
Freetrade does not levy additional fees, but third-party charges may be applicable. Only GBP is accepted as a deposit currency. Traders must ensure that they verify whether their financial institution charges its own fees.
Freetrade Step by step guide to depositing the minimum amount
Traders can fund their accounts by sending the funds to one of the Freetrade segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and approved.
Step 1 – Log in
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they choose the correct deposit currency if a choice is available.
Step 2 –Make the deposit
Funds must be transferred in the same currency as the bank account to which they are sending it, to prevent currency conversion fees from being charged.
Overall Rating
4.7/5
Rated #– of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA
Freetrade mobile app
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
Freetrade Customer Reviews
Really great way to start investing…
Really great way to start investing even for an old novice like me brilliant 👏
Excellent an easy way to invest….am a…
Excellent easy way to invest….am a pensioner and need easy-to-use apps and Freetrade is a perfect help
Great app for those new to trading
Great app for those new to trading. I can highly recommend it. Join me and invest with Freetrade. Get started with a free share worth between £3 and £200. T&Cs apply. Capital at risk.
Easy-to-use investment app
Easy-to-use investment app, making investing accessible to all, by scrapping the hefty fees charged by traditional brokers. Has quickly become my favorite account to invest with. Super friendly customer service, an evolving app, and an ever-expanding stock universe. Definitely recommend it to anyone looking to start investing or anyone else looking for a more convenient way to manage their current holdings.
Freetrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Free stock and ETF trading provided | Few payment methods are available to fund accounts |
| Free withdrawal of funds | Limited research tools provided |
| Great mobile trading platform | Only one account base currency can be used |
| Low trading fees charged | Basic product portfolio available |
| No deposit fee charged | |
| No minimum deposit required to open account |
Conclusion
Freetrade has no Minimum Deposit so an account can be opened with as little as GBP2 / R40 at the time of writing. Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.
You might also like: Freetrade Review
You might also like: Freetrade Account Types Overview
You might also like: Freetrade Demo Account – Step by Step
You might also like: Freetrade Fees and Spreads
You might also like: Freetrade Sign-up Bonus
Frequently Asked Questions
Are my deposits safe with Freetrade?
Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.
How long does it take to make a withdrawal?
Freetrade withdrawals are usually processed in 3 to 5 days.
What is the minimum deposit required to open an account with Freetrade?
No minimum deposit is required to open an account.
How do you make a deposit and withdraw money with Freetrade?
Freetrade offers the following deposit and withdrawal methods:
- Bank transfer
- Google Pay
- Apple Pay
Does Freetrade charge withdrawal fees?
Withdrawals are not charged typically, but same-day requests incur a £5 fee.
Top 4 Brokers
