diff --git a/freqtrade/commands/deploy_commands.py b/freqtrade/commands/deploy_commands.py
index 44ddc1fdc..c4e958df6 100644
--- a/freqtrade/commands/deploy_commands.py
+++ b/freqtrade/commands/deploy_commands.py
@@ -1,7 +1,7 @@
 import logging
 import sys
 from pathlib import Path
-from typing import Any, Dict, Tuple
+from typing import Any, Dict, Optional, Tuple
 
 import requests
 
@@ -154,7 +154,16 @@ def clean_ui_subdir(directory: Path):
                 p.rmdir()
 
 
-def download_and_install_ui(dest_folder: Path, dl_url: str):
+def read_ui_version(dest_folder: Path) -> Optional[str]:
+    file = dest_folder / '.uiversion'
+    if not file.is_file():
+        return None
+
+    with file.open('r') as f:
+        return f.read()
+
+
+def download_and_install_ui(dest_folder: Path, dl_url: str, version: str):
     from io import BytesIO
     from zipfile import ZipFile
 
@@ -168,6 +177,8 @@ def download_and_install_ui(dest_folder: Path, dl_url: str):
                     destfile.mkdir(exist_ok=True)
                 else:
                     destfile.write_bytes(x.read())
+    with (dest_folder / '.uiversion').open('w') as f:
+        f.write(version)
 
 
 def get_ui_download_url() -> Tuple[str, str]:
@@ -199,10 +210,16 @@ def start_install_ui(args: Dict[str, Any]) -> None:
     dest_folder = Path(__file__).parents[1] / 'rpc/api_server/ui'
     # First make sure the assets are removed.
     dl_url, latest_version = get_ui_download_url()
-    clean_ui_subdir(dest_folder)
+
+    curr_version = read_ui_version(dest_folder)
+    if curr_version == latest_version and not args.get('erase_ui_only'):
+        logger.info(f"UI already uptodate, FreqUI Version {curr_version}.")
+        return
+
     if args.get('erase_ui_only'):
+        clean_ui_subdir(dest_folder)
         logger.info("Erased UI directory content. Not downloading new version.")
     else:
 
         # Download a new version
-        download_and_install_ui(dest_folder, dl_url)
+        download_and_install_ui(dest_folder, dl_url, latest_version)
diff --git a/tests/commands/test_commands.py b/tests/commands/test_commands.py
index dcc0cd1d2..b243df192 100644
--- a/tests/commands/test_commands.py
+++ b/tests/commands/test_commands.py
@@ -14,7 +14,7 @@ from freqtrade.commands import (start_convert_data, start_create_userdir, start_
                                 start_new_hyperopt, start_new_strategy, start_show_trades,
                                 start_test_pairlist, start_trading)
 from freqtrade.commands.deploy_commands import (clean_ui_subdir, download_and_install_ui,
-                                                get_ui_download_url)
+                                                get_ui_download_url, read_ui_version)
 from freqtrade.configuration import setup_utils_configuration
 from freqtrade.exceptions import OperationalException
 from freqtrade.state import RunMode
@@ -563,6 +563,7 @@ def test_start_install_ui(mocker):
     clean_mock = mocker.patch('freqtrade.commands.deploy_commands.clean_ui_subdir')
     get_url_mock = mocker.patch('freqtrade.commands.deploy_commands.get_ui_download_url')
     download_mock = mocker.patch('freqtrade.commands.deploy_commands.download_and_install_ui')
+    mocker.patch('freqtrade.commands.deploy_commands.read_ui_version', return_value=None)
     args = [
         "install-ui",
     ]
@@ -616,15 +617,16 @@ def test_download_and_install_ui(mocker, tmpdir):
 
     mocker.patch("freqtrade.commands.deploy_commands.Path.is_dir",
                  side_effect=[True, False])
-    mkdir_mock = mocker.patch("freqtrade.commands.deploy_commands.Path.mkdir")
     wb_mock = mocker.patch("freqtrade.commands.deploy_commands.Path.write_bytes")
 
     folder = Path(tmpdir) / "uitests_dl"
-    download_and_install_ui(folder, 'http://whatever.xxx/download/file.zip')
+    folder.mkdir(exist_ok=True)
+    download_and_install_ui(folder, 'http://whatever.xxx/download/file.zip', '22')
 
-    assert mkdir_mock.call_count == 1
     assert wb_mock.call_count == 2
 
+    assert read_ui_version(folder) == '22'
+
 
 def test_get_ui_download_url(mocker):
     response = MagicMock()