Tool Comparison
Freetrade vs Interactive Brokers (IBKR)
- Paid from
- —
- Free plan
- No
- Platforms
- Web, Mobile
Best if
- You want downloadable tax reports.
- Paid from
- —
- Free plan
- No
- Platforms
- Web, Mobile, Desktop
Best if
- Delayed quotes won't cut it; you need real-time data
- You want an API so you can script or automate things
- You want smart/direct routing, paper trading, and options.
Pick Freetrade instead if
Freetrade
Transaction-priced · Fees vary by offer and jurisdiction · Web · Mobile
- You want downloadable tax reports.
Start here
Interactive Brokers (IBKR)
Transaction-priced · Fees vary by offer and jurisdiction · Web · Mobile · Desktop
- Delayed quotes won't cut it; you need real-time data
- You want an API so you can script or automate things
- You want smart/direct routing, paper trading, and options.
Skip both if: Neither one clicks with how you research; there are strong third options.
See alternativesOther tools you might like
Outbound links may include affiliate or sponsor codes.
Not set on either one? See the top 50 tools, ranked by user votes, or the deals page for big discounts on popular tools.
Our take
The bottom line
Freetrade and Interactive Brokers (IBKR) cover a lot of the same ground (4 shared categories, including brokerage, advanced order types, and portfolio), so for the basics you won't go far wrong with either. Interactive Brokers (IBKR) simply does more: 14 categories to Freetrade's 5, including smart/direct routing, paper trading, and options. Freetrade counters by keeping things simpler.
What readers say
Freetrade
No votes yet. Cast the first one.
Interactive Brokers (IBKR)
No votes yet. Cast the first one.
Key differences at a glance
- Real-time data
- Interactive Brokers (IBKR)
- Broader coverage
- Interactive Brokers (IBKR)14 vs 5 categories
- Desktop app
- Interactive Brokers (IBKR)
- API access
- Interactive Brokers (IBKR)
- Asset coverage
- Interactive Brokers (IBKR)Adds options and futures
What Freetrade does best
- Commission-free dealing in the available stocks, ETFs, investment trusts, funds, gilts, and UK Treasury bills.
- A free Basic plan with GIA, Stocks and Shares ISA, Junior Stocks and Shares ISA, and SIPP access.
- Optional Standard and Plus plans with lower FX fees and higher capped GBP cash interest.
- Supported US stock fractions are bought by GBP value; EU shares can be fractional in recurring orders.
- Recurring orders, limit orders, stop losses, portfolio monitoring, and watchlists.
What Interactive Brokers (IBKR) does best
- Stocks, ETFs, options, futures, futures options, spot FX, bonds, mutual funds, commodities, structured products, CFDs, crypto-related products, and spot crypto where jurisdiction allows.
- Client Portal, Trader Workstation, IBKR Desktop, IBKR Mobile, GlobalTrader, paper trading, and API access cover different workflows.
- IB SmartRouting, advanced order types, conditional orders, bracket workflows, options combos, and algorithmic order tools across supported products.
- TWS API, Web API, REST, WebSocket streaming, FIX, and Flex Web Service support trading and reporting workflows.
- Paper trading with separate credentials and simulated buying power once a live account is approved.
Side by side
Pricing comparison
See for yourself
Side by side
Price, platforms, data, and market coverage.ShowHide
Side by side
| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Transaction-priced · Fees vary by offer and jurisdiction | Transaction-priced · Fees vary by offer and jurisdiction |
Free tier | No | No |
Free trial | — | — |
Plan limits | — | 8 limits: UK / Europe Stocks and ETFs: commission: £3/€3 per Western European stock or ETF trade at typical trade sizes;..., US Stocks and ETFs - IBKR Pro: tiered commission: USD 0.0005 to USD 0.0035 per share +6 more |
| Platforms & access | ||
Web app | Yes | Yes |
Desktop app | No | Yes |
Mobile app | Yes | Yes |
API access | No | Yes |
Integrations | — | TradingView, Quicken +2 more |
| Audience & fit | ||
Experience level | Beginner, Intermediate | Beginner, Intermediate, Advanced |
Best for | — | Retail Traders, Pro Retail +7 more |
Categories covered | 5 | 14 |
Regions | Europe, North America | North America, Europe, APAC |
| Data & capabilities | ||
Data quality | — | 3 signals: Latency: Streaming and Real-time, Granularity: Tick +1 more |
Capabilities | — | 7 signals: Multi-leg options, Greeks +5 more |
Security | — | Status page and Encryption in transit |
| Try it | Visit Freetrade | Visit Interactive Brokers (IBKR) |
Standout features
The best features of Freetrade and Interactive Brokers (IBKR).ShowHide
Standout features
What Freetrade does best
- Commission-free dealing in the available stocks, ETFs, investment trusts, funds, gilts, and UK Treasury bills.
- A free Basic plan with GIA, Stocks and Shares ISA, Junior Stocks and Shares ISA, and SIPP access.
- Optional Standard and Plus plans with lower FX fees and higher capped GBP cash interest.
- Supported US stock fractions are bought by GBP value; EU shares can be fractional in recurring orders.
- Recurring orders, limit orders, stop losses, portfolio monitoring, and watchlists.
What Interactive Brokers (IBKR) does best
- Stocks, ETFs, options, futures, futures options, spot FX, bonds, mutual funds, commodities, structured products, CFDs, crypto-related products, and spot crypto where jurisdiction allows.
- Client Portal, Trader Workstation, IBKR Desktop, IBKR Mobile, GlobalTrader, paper trading, and API access cover different workflows.
- IB SmartRouting, advanced order types, conditional orders, bracket workflows, options combos, and algorithmic order tools across supported products.
- TWS API, Web API, REST, WebSocket streaming, FIX, and Flex Web Service support trading and reporting workflows.
- Paper trading with separate credentials and simulated buying power once a live account is approved.
All details
Every attribute we track for Freetrade and Interactive Brokers (IBKR).ShowHide
All details
| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFsBondsMutual Funds | StocksETFsOptionsFuturesCurrenciesBondsMutual FundsCommodities+2 more |
Experience | BeginnerIntermediate | BeginnerIntermediateAdvanced |
Target audience | Not specified | Retail TradersPro RetailInstitutional InvestorsDay TradersSwing TradersAlgo TradersLong-term InvestorsFinancial Advisors+1 more |
Regions | EuropeNorth America | North AmericaEuropeAPAC |
Coverage details | Identifiers: Ticker and ISIN | Identifiers: Ticker |
| Data | ||
Data freshness | Not specified | StreamingReal-time |
Data granularity | Not specified | Tick |
| Access & integrations | ||
API protocols | Not specified | RESTWebSocket |
API auth & delivery | Not specified | Auth: OAuth2SDKs: Python600 req/minDocs |
Integrations | Not specified | TradingViewQuickenTradelogCapTools |
Export formats | CSVPDF | PDFCSVXML |
| Plans & trust | ||
Security & compliance | Not specified | Status pageEncryption in transit |
Capability signals | Not specified | Multi-leg optionsGreeksVaR/ESPerformance attributionPortfolio attributionRebalancingMulti-currency |
Vendor & support | Freetrade LimitedCountry: United KingdomSupport: Chat and Email | Interactive Brokers (U.K.) LimitedCountry: United KingdomSupport: Chat and Phone |
Green tags are exclusive to that tool in this comparison.
Pricing
Plans, billing, free trials, and monthly prices.ShowHide
Pricing
| Tier | ||
|---|---|---|
| Free plan | Free“Basic” | Free“Brokerage Account” |
| Entry paid plan | £5.99/mo“Standard” | — |
| Top plan | £11.99/mo“Plus” | — |
Questions we keep getting
What's the difference between Freetrade and Interactive Brokers (IBKR)?
Freetrade leans toward brokerage, advanced order types, and portfolio, while Interactive Brokers (IBKR) puts more weight on brokerage, advanced order types, and smart/direct routing. They overlap in 4 categories, so for most people it comes down to workflow preference and price.
How much do Freetrade and Interactive Brokers (IBKR) cost?
Neither has a free plan; you'll need a paid subscription for the full feature set of either. Check each tool's current plan details before buying.
Which is better for beginners: Freetrade or Interactive Brokers (IBKR)?
Honestly, neither is aimed at beginners. Expect a learning curve either way; that's the trade-off for the depth they offer.
Does Freetrade or Interactive Brokers (IBKR) have an API?
Interactive Brokers (IBKR) has an API for programmatic access and custom integrations. Freetrade doesn't, so you're working through its interface.
Should I choose Freetrade or Interactive Brokers (IBKR)?
It depends on what you're after. Pick Freetrade if downloadable tax reports matter to you; go with Interactive Brokers (IBKR) if you'd rather have smart/direct routing and paper trading. And if you only need the basics both share, let price decide.
What asset classes do Freetrade and Interactive Brokers (IBKR) cover?
Both cover stocks, ETFs, bonds, and mutual funds. Interactive Brokers (IBKR) adds options, futures, and currencies on top.
Does Freetrade or Interactive Brokers (IBKR) have real-time data?
Interactive Brokers (IBKR) offers real-time data, which matters if you trade actively. Freetrade runs on delayed or end-of-day data, which is perfectly fine for longer-term investors who don't live and die by the tick.
Can I export data from Freetrade and Interactive Brokers (IBKR)?
Yes, both export to spreadsheets (CSV), which is handy if you like running your own numbers.
Is Freetrade or Interactive Brokers (IBKR) better for day trading?
Interactive Brokers (IBKR) is the one positioned more for active traders. Freetrade is the better fit if you care less about fast trading workflows and more about a calmer research process.
Which has a better stock screener: Freetrade or Interactive Brokers (IBKR)?
Interactive Brokers (IBKR) has a stock screener for surfacing ideas; Freetrade doesn't, and focuses its energy elsewhere.
Can I track my portfolio with Freetrade or Interactive Brokers (IBKR)?
Yes, both do portfolio tracking: holdings, performance, and allocation in one place.
Keep researching
Other tools you might like
Keep Exploring
Feedback
Spot stale pricing, missing features, or a comparison that feels off? Send feedback on the verdict, table, alternatives, or recommendation.
Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.