Is there a UK equivalent to the Robinhood share trading app which allows fee-free share trading and buy & sell transactions?
You bet there is!
People have been anticipating the fee-free share trading app, RobinHood, coming over from the US to the UK and Europe, but it’s looking like this might just never happen. In the mean time, a couple of players have emerged on the market filling the void… read on and find out about them below.
If you’re looking for zero commission and fee free trading services, there are a couple below which are opening or operating in the UK and European markets.
There have also, recently, been news reports that RobinHood, the US based fee-free share and crypto trading app is recruiting ahead of a UK launch, but until there is more on this story, I’ll stick with what’s live and ready to roll!
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FreeTrade – a Fee-Free Share Trading Application
What are the details?
Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).
The link here is my referral link
Please note, this is my “referral” link, using this link will push me up the queue to use this app myself, but won’t change anything about your use of the program!
Will This Service be Coming to Revolut?
If you’re like me, you probably noticed that Revolut – who I recommend as a great challenger bank for business banking, as well as personal banking (see here) – said last year they would be bringing fee-free trading capabilities to their platform in the middle part of 2018.
UPDATE – this is now live, for a limited range of stocks. Signup a Revolut bank account, and you should see the option to add this service. There are a limit to how many trades you can do before there is a fee, and also, the small print may not suit you entirely, but you can slide money into and out of these stocks with no commission, and “part own” a chunk of a way more expensive share (you could buy $1 of FB or GOOG shares, for example, which is not technically possible based on the high share price!).
This service is now live on Revolut, and they expect to add more shares and options.
If you’d like to sign up with Revolut (free for personal, fee paying for business) my referral link is below: