Stocks and Shares ISA

Your ISA costs a flat fee of only £3/month, with no commissions for placing trades.

So you can grow your money over the long term, not your fees.


When you invest, your capital is at risk. Tax rules for ISAs can change and their benefits depend on your circumstances.

Why invest in an ISA?

Tax efficiency
No UK capital gains or income tax on your investments.
Long-term investment
Watch your money grow with income, dividends and capital gains accrued, tax-free over time.
Allowance
You can put in up to £20,000 each year.
No hassle
Less tax admin and hassle.

Why open an ISA with Freetrade?

Freetrade is an award-winning, commission-free investing app. We're a member of the London Stock Exchange and a FCA-regulated stockbroker. All Freetrade accounts are covered by the Financial Services Compensation Scheme (FSCS).

The Freetrade Stocks and Shares ISA lets you invest in hundreds of UK and US stocks, exchange-traded funds, all with no commissions.

Commission-free investing - No commissions for buying or selling stocks.
Instant trades - Unlimited commission-free instant trades during stock market opening hours.
Secure - We're a member of the London Stock Exchange, and we are FCA-regulated. All accounts are covered by the Financial Services Compensation Scheme (FSCS). Read more about how we’re keeping your money safe.
Low flat fee - Unlike most providers who charge a percentage of your investments, we have a flat fee of only £3/month, so that you can grow your investments without growing your fees.
Vast stock universe - You can choose from thousands of UK and US stocks and ETFs - see our full stock list.
Fractional shares - you can invest from £2 and own a piece of even the most expensive US stocks, helping you build a diversified portfolio.
Award-winning app - Manage your portfolio from anywhere via our beautiful iOS and Android apps.
Support - Fast, friendly customer support when you need it.

Compare our pricing

Your Stocks and Shares ISA costs a flat fee of £3/month, and there are no commissions for placing trades.
Here's how our pricing compares to other ISA providers.

Free
Trades
£3/mo
ISA account fee
Yes
Fractional shares
Spot rate + 0.45%
FX rate
£11.95
Trades
0.45%
ISA account fee
No
Fractional shares
Spot rate + 1%
FX rate
£7.99
Trades
£9.99/mo
ISA account fee
No
Fractional shares
Spot rate + 1.5%
FX rate
£9.95
Trades
0.25%
ISA account fee
No
Fractional shares
Spot rate + 1%
FX rate
Comparisons to other providers are based on published costs on their websites as of 30 March 2020, for a portfolio size of £5,000 and trades on shares and ETFs within a stocks and shares ISA.
Hargreaves Lansdown: ISA charges 0.45% of the value of shares in your account, capped at £45/year. Fee per trade reduces to £8.95 per trade for 10-19 trades, and £5.95 for 20 or more trades.
FX fee reduces to 0.75% after £5,000 value of trades, 0.5% for the next £10,000 and to 0.25% for over £20,000 value of trades.
Interactive Investor: One free trade per month, then £7.99 per trade.
FX fee reduces on a tiered scale. £25,000 - £49,999 is 1.25%, £50,000 - £99,999.99 is 1%, £100,000 - £599,999 is 0.5%, and £600,000 - £999,999.99 is 0.25%
AJ Bell: ISA charges 0.25% of the value of the shares in your account, max £7.50 per quarter. Each trade of shares and ETFs is £9.95. Transferring out the underlying assets to another provider is £25 per holding, no charge for cash transfer. Fee per trade reduces to £4.95 when there were 10 or more share deals in the previous month.
FX rate is 1% for the first £10,000, 0.75% for the next £10,000, 0.5% for the next £10,000 and is 0.25% for value over £30,000.

Putting your money to work

Investing puts your money to work in companies across the world, so your long-term return with a stocks and shares ISA could be higher than a cash ISA.

And using an ISA, your long-term returns should see much less tax than with a regular investing account.

When you invest, your capital is at risk. Tax rules for ISAs can change and their benefits depend on your circumstances.

How to open a Freetrade Stocks and Shares ISA

It only takes a couple of minutes to open an ISA with Freetrade. First, download the app and then follow the three steps below:

Step 1:

Tap on the profile icon at the top right of your screen

Step 2:

Next, tap on 'Stocks and Shares ISA'

Step 3:

Follow the steps on screen and you'll be sorted in minutes
For more info, see our ISA terms & conditions, our ISA guide and the HMRC website.

Frequently asked questions

What is a stocks and shares ISA?

An ISA, or Individual Savings Account, is a tax-efficient saving or investment account that allows you to put money into a wide range of investments, from individual stocks and shares to funds, bonds and ETFs. This type of account is also known as a ‘tax wrapper’ and essentially allows you to be exempt from paying income, capital gains and dividend tax when you place up to £20,000 into your ISA account.

How many stocks and shares ISAs can I have?

You can pay into one stocks and shares ISA account in each tax year, so if you opened one already, you wouldn’t be able to open one until the new tax year starts. You can, however, transfer your existing stocks and shares ISA over from a different provider.

What is my 2020/21 ISA allowance?

The 2020/21 ISA tax year allowance is £20,000. This is the maximum amount you can put into your stocks and shares ISA for the current tax year. Your unused allowance won’t be carried over to the following tax year, so make sure you make the most of it. 

How do I transfer my stocks and shares ISA to Freetrade?

To transfer your stocks and shares ISA from another provider to Freetrade, you just need to complete a form, and we will do the rest for you. The transfer process might take four to six weeks, but we will let you know when it’s all completed.

Who is eligible for a stocks and shares ISA?

You’ll need to be 18 years of age or over and a UK resident. If you’ve already opened a stocks and shares ISA in the current tax year, you won’t be eligible for a new account. You can’t open a stocks and shares ISA for someone else.

What is the deadline for opening an ISA in the tax year 2020/21?

The 2020/21 ISA tax year allowance is £20,000. This is the maximum amount you can put into your stocks and shares ISA for the current tax year. Your unused allowance won’t be carried over to the following tax year, so make sure you make the most of it. 

What is the minimum amount I need to open an ISA?

You don’t need thousands of pounds to open an ISA account. If you want to open a stocks and shares ISA with Freetrade, you can start from £2.

What people say about Freetrade

Great stocks and shares ISA super cheap to trade. Rapidly deploying new features. Love it.
– Charlie
⭐⭐⭐⭐
Have moved my ISA over from Hargreaves Lansdown as the simplicity was driving easier/better investment decisions and better returns.
– Rob
⭐⭐⭐⭐⭐
Great app for personal investing - great UI design and new stocks coming all the time.
– Lucy
⭐⭐⭐⭐⭐

Download the app and start
investing now.