What are Freetrade's FX fees?

Freetrade charges FX fees on foreign currency trades. These fees are clear, simple, and only charged when you trade in a currency other than GBP.

Does Freetrade charge commission on trades?

No, Freetrade offers commission-free investing. Unlike traditional brokers that charge £12 per trade, Freetrade does not charge trading commissions.

What subscription plans does Freetrade offer?

Freetrade offers optional subscription plans including Basic (free), Standard, and Plus. These subscriptions provide access to features like ISA, SIPP, and mutual funds. Subscriptions are entirely optional.

What's the catch?

How freetrade makes money

Q: How does Freetrade make money?

Freetrade generates revenue through three main sources: FX fees on foreign currency trades (clear, simple, and only charged when you trade in a currency other than GBP), keeping some of the interest earned on uninvested cash and shares through their share lending programme, and offering optional subscription plans (Standard and Plus) that provide access to additional features like ISA, SIPP, and mutual funds.

Maybe the better question is why your broker still charges £12 a trade.

Investing has changed. Technology has made it cheaper than ever for brokers to offer a great service at a low cost. Fixed commissions and layers of platform fees should be a thing of the past.

That’s where Freetrade comes in.

Our business model is simple and transparent, built on three revenue streams.

$Smartphone screen showing a Freetrade app's plan selection page highlighting Basic plan benefits like commission-free orders, access to stocks and ETFs, US fractional shares, 1% AER on uninvested cash, USD/EUR trading with a 0.99% FX fee, automated orders, treasury bills access, and extended hours trading with a purple button labeled 'CONTINUE WITH BASIC'.$

WHEN YOU INVEST, YOUR CAPITAL IS AT RISK. THE VALUE OF YOUR INVESTMENTS CAN GO DOWN AS WELL AS UP AND YOU MAY GET BACK LESS THAN YOU INVEST.

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We charge FX fees on foreign currency trades

When you buy or sell investments in a foreign currency, we apply an FX fee. This helps cover the cost of accessing international markets and keeps trading in UK shares and funds free of commission.

Clear, simple, and only charged when you trade in a currency other than GBP.

If you trade more often, the reduced FX fees on our Standard or Plus plans may help you save money.

Three-dimensional pink wavy rectangular paper money bill with an oval indentation and circular markings with Dollar symbol in the middle.

We keep some of the interest earned on uninvested cash and shares

When you hold cash in your account, it earns interest. We pay you a rate based on your plan and keep a portion of the interest as revenue.

If you opt in to our share lending programme, you can also earn interest on the shares and ETFs that you own. We keep half of any revenue that your shares earn. You get the other half.

We offer optional subscription plans

Plans like Standard and Plus give customers things they value, including lower FX fees, higher interest on cash, and extra features. These memberships help us build and maintain a platform that works for all investors, including those on the free plan.

Subscriptions are entirely optional.

If you prefer to stay on the Basic plan, you still get commission free trading and a free ISA. From [DAY] January 2026, you also get a free SIPP and access to mutual funds with zero platform fees.

Three cards showing the three Freeyrade plans: Basic, Standard, and Plus.

Technology has already made it possible to invest without paying £12 commission for every trade.

So the real question is: why are some brokers still charging it?

You're just minutes away from commission-free investing

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CAPITAL AT RISK. ISA RULES AND OTHER CHARGES MAY APPLY.