Investment platform Freetrade* has reached a significant milestone in its transition from a simple stock-trading app to a comprehensive wealth management service, now offering a total of 1,042 mutual funds. This significant expansion of its investment options follows a recent pricing shake-up - which saw monthly platform fees scrapped across its core accounts - and the recent launch of its Junior ISA (JISA).
The expansion means users can now build long-term portfolios using traditional funds from well-known asset managers, including Vanguard, BlackRock, Schroders, Fidelity, and Legal & General. Investors can choose from global and UK equities, fixed-income bonds, sustainable ESG funds, and Vanguard's popular LifeStrategy multi-asset funds. The continued evolution of Freetrade over the last 12 months means it can be justifiably seen as a direct competitor to established major investment platforms such as Fidelity and Hargreaves Lansdown.
The evolution of Freetrade
Freetrade's rapid expansion follows its £160 million all-cash acquisition by the IG Group in April 2025. The takeover provided the financial backing needed to accelerate the platform's product development and focus on long-term wealth accumulation for its users.
Since the acquisition, Freetrade has implemented a series of major updates to its platform and pricing structure:
- June 2025 - Mutual funds were initially launched in a restricted beta phase, offering 22 Vanguard funds exclusively to users paying for the top-tier "Plus" subscription.
- September 2025 - Freetrade updated its subscription model for wider access. The Stocks and Shares ISA was moved to the free "Basic" plan, while mid-tier "Standard" users gained access to a selection of 28 Vanguard funds.
- November 2025 - The mutual fund range was significantly expanded, bringing hundreds of new funds from various asset managers to both the "Standard" and "Plus" subscription tiers.
- January 2026 - Following its decision to make Stocks and Shares ISAs free in September 2025, Freetrade moved SIPPs, Gilts, Ready-Made Portfolios, and all Mutual Funds to its Free "Basic" plan. The shift was largely seen as a response to growing competition from new entrants such as Robinhood, Lightyear, Prosper, and Webull.
- April 2026 - Freetrade adds a Junior ISA (JISA) to the product range, allowing parents to invest up to £9,000 per year for their children without paying any platform or commission fees.
- May 2026 - Freetrade officially reaches the 1,000 mutual funds milestone, cementing its shift towards wide-access full-service wealth management.
Is Freetrade right for you?
Freetrade's* decision to drop monthly platform fees for accounts like ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions) is good news for everyday investors. Keeping your fees low means more of your money stays invested and it has a better chance to grow over the long term. Added to that, all "Basic" account holders can now access over 1,000 mutual funds, giving them plenty of options for building an extremely low-cost, well-balanced portfolio.
Having more choice means you need to think carefully before you invest. Freetrade is a platform where you are responsible for managing your own money, meaning it does not provide personalised financial advice. It is up to you to research and choose the funds that best match your financial goals based on your attitude to risk.
If you are unsure which investment platform is best for you, we provide a comprehensive roundup in our article 'Which is the best investment platform in 2026'. If you need further help and guidance in terms of understanding which type of investments are right for you, you should consider speaking to an independent financial adviser. They can look at your individual circumstances and help guide you in the right direction. There are a number of services out there which are designed to help consumers to find a reputable adviser who can meet their requirements. These include Unbiased* and VouchedFor*.
When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.
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