Stocks and shares ISA

Invest tax-efficiently and commission-free.

The Freetrade stocks and shares ISA costs £3 per month. We don’t charge a percentage account fee, so your investments can grow without your account fees growing too.


Other charges apply. See our full pricing table.

When you invest your capital is at risk. Tax rules for ISA accounts can change and their benefits depend on your circumstances. Authorised and regulated by the FCA.

Open ISA account - Investment ISA

Why invest in a stocks and shares ISA?

An ISA, or Individual Savings Account, is a tax-efficient savings 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.
For more details, check our guide on what is a stocks and shares 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.
Annual ISA Allowance
Your annual ISA allowance for the 2021/2022 tax year is £20,000.
No hassle
Less tax admin and hassle.

Why open an ISA account 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* - Pay no commission for buying or selling stocks.
Instant trades - Unlimited commission-free instant trades during stock market opening hours.
FSCS protected - Customers' accounts are covered by the provisions of the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000. Read more about how we’re keeping your money safe.
Low fees - Most ISA providers charge a percentage fee but the Freetrade ISA account costs £3 per month. This way your investments can grow without your account fees growing too.
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 investment ISA portfolio from anywhere via our beautiful iOS and Android apps.
Support - Fast, friendly customer support when you need it.

*Other charges, like foreign exchange (FX) fees, may apply. See our full pricing table.

Investments for a stocks and shares ISA

US and UK stocks

Choose from thousands of US and UK stocks for your ISA account and invest tax-efficiently across a wide range of sectors.

ETFs

Exchange-traded funds are a great way to diversify your ISA investment portfolio across different companies or assets.

REIT stocks

REITs allow you to add real estate assets to your ISA without having to buy or manage the properties yourself.

Investment Trusts

Having investment trusts in your investment ISA could help you diversify your portfolio across a wide range of sectors, geographies and markets.

Compare our pricing

Your Stocks and Shares ISA account costs a fee of £3/month, and there are no commissions for placing trades.
You can use our fees calculator to compare against other ISA providers.

Free
Trades
£3/mo
ISA account fee
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 stocks and shares ISA 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 account, 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 ISA accounts 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 investment 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'
Open an 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 charges, our guides on how ISAs work and how to open an ISA account and the HMRC website.

Learn more about ISAs

Learn more

ISAs frequently asked questions

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 ISA provider.

What is my 2021/22 ISA allowance?

Your annual ISA allowance for the 2021/2022 tax year is £20,000. This means you could put up to a total of £20,000 into one or multiple ISA accounts (eg. LISA, cash ISA, stocks and shares ISA), and you would be exempt from paying income, capital gains and dividend tax on any gains you make. Make sure you use your allowance by the end of the tax year on 5 April each year. Any unused allowance won’t be carried over to the following tax year, so you lose it forever if you don’t use it.

How do I transfer my stocks and shares ISA from another provider 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 account?

You’ll need to be 18 years of age or over and a UK resident to open an investment ISA. 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 2021/22?

If you want to make the most out of your 2021/22 ISA allowance you have to open and contribute into an ISA account before the deadline at midnight on Monday 5 April 2021.
Any contributions made after this time will count towards next year's allowance, which means you could lose out.

What is the minimum amount I need to open an investment 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.

Can you hold multiple ISAs with different providers at once?

Yes, you can hold more than one ISA at once, so you can have multiple cash ISAs or stocks and shares ISAs with different providers. However, each tax year you can only open or contribute to one of each type of ISA account. Your yearly allowance will be split across these accounts.
If you wish to transfer your existing ISA to a different provider during the tax year, you will be able to do so; just watch out for any transfer out fees that might apply.

Can I transfer investments from a regular brokerage account into an ISA?

No, you can’t transfer stocks you already hold in a regular brokerage account into an investment ISA. To get the tax benefits that come with an ISA, you have to deposit money into one and then invest it. This means anyone who holds stocks and shares in a regular brokerage account will have to carry out bed and ISA transactions if they want to move them into a stocks and shares ISA.

Stocks and shares ISA, investment ISA, share dealing ISA and trading ISA account: are they the same?

The simple answer is yes! 
Investment ISA, share dealing ISA and trading ISA are just other names for a stocks and shares ISA.  All four investment accounts offer a tax-efficient home for your investments. Tax rules for ISA accounts can change and their benefits depend on your circumstances.
You can invest in a wide range of instruments, including stocks and shares, ETFs or investment trusts.

How to find the best stocks and shares ISA provider for you?

When it comes to finding the best stocks and shares ISA provider, the answer is the one that suits your needs the best. We all have different aims when we invest and we also have different requirements from an ISA provider. People tend to compare providers on cost, investment choice, education and whether the ISA provider is app or web-based.

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
⭐⭐⭐⭐⭐

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