Last updated: 15 October 2026. I checked every fee in this Monzo Invest vs Freetrade comparison on each provider's own site on 14 October 2026.

By Stiv · Design, technology and personal finance

Affiliate disclosure: This article contains affiliate and referral links, which are paid links. If you click one and buy or sign up, I earn a commission or referral bonus at no extra cost to you. Brands don't choose what I feature or what I say about them.

Not financial advice. This comparison is information, not a personal recommendation, and CoolCuration is not authorised by the Financial Conduct Authority. Nothing here tells you which account to open or what to buy. If you are unsure, speak to a qualified financial adviser. MoneyHelper explains how to choose one.

Capital at risk. The value of investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results.

Want a free share with Freetrade?

Freetrade picks the refer-a-friend share at random, worth £10 to £100, and the cheaper shares come up far more often. The steps and conditions are on my referral page.

See the Freetrade free share terms

More on Monzo. My Monzo guides hub covers the bank account, the paid plans and the savings pots alongside the investing side.

Monzo Invest, Freetrade and Lightyear, priced in pounds

If you already bank with Monzo, the easiest place to start investing is the tab you already have open. This Monzo Invest vs Freetrade comparison, with Lightyear as the third app, asks what staying put costs you. So I priced all three on the same jobs. That means the yearly fee on a £2,000 and a £20,000 pot, the charge for buying US shares, and the accounts each one will open. In short, Monzo charges £50 a year to hold £20,000. Freetrade's free plan and Lightyear charge nothing to hold it, but they bill you every time pounds become dollars.

Read more