Freetrade ISA & SIPP Review 2026

Overview

Freetrade is a mobile-first investment app. Since 22 January 2026, its free Basic plan includes a Stocks & Shares ISA, a SIPP, a Junior ISA and a general investment account, with no account fee and no commission on trades. Mutual funds and gilts, which used to need a paid plan, are now on Basic too.

The fee structure

There’s no dealing fee on any plan. The main cost on Basic is the 0.99% FX fee when you buy or sell shares or ETFs priced in another currency, such as US shares. If you stick to sterling-priced investments, Basic costs nothing. The paid plans mainly cut the FX fee and add extras like more investments and better interest on cash.

Transferring out is free for UK holdings and cash, but Freetrade charges £17 per US holding moved in-specie. See our ISA transfer guide.

Who is Freetrade best for?

• Investors who want a free ISA, SIPP and Junior ISA in one app
• UK share and sterling ETF investors, who avoid the FX fee
• Mobile-first investors, since the app is polished and well-designed

Limitations

• App-only (no desktop trading)
• 0.99% FX fee on the Basic plan makes it expensive for frequent US share buyers; Trading 212 charges 0.15%
• Smaller investment range than HL or AJ Bell
• No Lifetime ISA

Verdict

Since January 2026, Freetrade’s Basic plan is one of the few places to get an ISA, a SIPP and a Junior ISA with no platform fee and no dealing fees. For sterling investments it’s genuinely free. If you buy a lot of US shares, the 0.99% FX fee adds up, and Trading 212’s 0.15% is cheaper. Use our calculator to compare it at your portfolio size.