WhichBrokerHead to head · data verified October 2026
Freetrade vs Pepperstone
Pepperstone wins our overall scoring by 0.7 points, but Freetrade still takes specific profiles.
Pillar scores
Side by side
| Criterion | Freetrade | Pepperstone |
|---|---|---|
| Overall score | 8.2 | 8.9 |
| Founded | 2015 | 2010 |
| Regulation | FCA (UK) | ASIC (AU), FCA (UK), CySEC (EU), DFSA (AE), BaFin (DE), SCB (BS), CMA (KE) |
| Min. deposit | No stated minimum; fractional shares from £2 | £10 UK, $10 elsewhere (recommended $200+) |
| Fees | 0% commission on all plans; FX fee 0.99% (Basic, free), 0.59% (Standard, £4.99/mo billed annually) or 0.39% (Plus, £9.99/mo billed annually); ISA, SIPP and Junior ISA included on the free plan; 0.5% stamp duty on UK share purchases; SIPP UFPLS withdrawals cost £240 | Razor account: spreads from 0.0 pips + £2.25/lot per side on GBP accounts (~$3.50 on USD); Standard: from 1.0 pip, no commission |
| Platforms | Freetrade mobile app (iOS, Android), Freetrade web platform | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Markets | 9,000+ UK, US and European stocks, ETFs, investment trusts, mutual funds, gilts and UK Treasury bills; crypto ETNs; no CFDs, options or spot crypto | 1,200+ instruments: forex, indices, shares, commodities, crypto CFDs |
| Demo account | No | Yes |
| Best for | UK ISA investors, Low-cost SIPP, Buyers of UK shares | Active forex traders, Scalpers & algo traders |
Our verdict
Choose Freetrade if you want uk isa investors · low-cost sipp · buyers of uk shares.
Choose Pepperstone if you want active forex traders · scalpers & algo traders — its standout pillar in our scoring is platforms.
Frequently asked questions
Which is better, Freetrade or Pepperstone?
Pepperstone scores higher overall in our methodology (8.9 vs 8.2). Freetrade can still be the better pick for uk isa investors.
Is Freetrade safe?
Freetrade is overseen by FCA (UK). Our trust score for it is 8.8/10 — see the full Freetrade review for the reasoning.
Is Pepperstone safe?
Pepperstone is overseen by ASIC (AU), FCA (UK), CySEC (EU), DFSA (AE), BaFin (DE), SCB (BS), CMA (KE). Our trust score for it is 8.9/10 — see the full Pepperstone review for the reasoning.