Basic Orders are buy or sell orders that you place outside of stock market opening hours. We send them for execution the following day from 3pm. Basic Orders are commission-free.
Instant Orders are buy or sell market orders that we execute at the time you place the order, as long as you place them during stock market opening hours. Instant Orders are commission-free.
Free means that we are not charging commissions on any buy or sell orders. That applies to all assets that you can buy on Freetrade.
Stamp Duty Reserve Tax (SDRT) is a tax the UK government applies to the purchase of certain assets, including stocks. You'll pay 0.5% stamp duty of the value of the purchase (but not the sale) of UK stocks. But you won’t pay it on UK-listed ETFs, stocks listed on the AIM or US exchanges and other non-UK assets.
You can currently transfer in a stocks and shares ISA, a cash ISA or an innovative finance ISA. We don’t charge any fees for transferring over from another provider. If the stocks in your existing ISA are in our universe, you can transfer them without selling. If not, you’ll need to sell them for cash. Then that cash can move over too in the same transfer. You can read more about how transfers work on our ISA transfer page.
There are no exit fees for closing your Freetrade ISA. We don't currently offer stocks transfers out, we offer cash transfers.
We answer more questions on transfers on our dedicated ISA transfer page.