freetrade Guide – Read our In-Depth freetrade Review
freetrade Rating: 6.35 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This freetrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this freetrade review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get proficient at all the concepts of broker as you continue trading. For starters, you need to select the right agent who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan will create hefty returns. freetrade is one such platform which will take you along with your investment into great heights. It's crucial that you understand all about freetrade before you trust them with your money.
freetrade Review – Brief Summary
|freetrade Telephone Number:|
|freetrade Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232|
|Number Of Clients:||10,000+ freetrade users and traders|
|freetrade Facebook Likes:||0|
|freetrade Twitter Followers:||0|
|freetrade Instagram Followers:||0|
Your capital is at risk
Our entire freetrade Review covers all you need to know about trading with freetrade. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
freetrade is a broker that has paved its way successfully into the brokerage world. Within this review, we've tried to collate some of the vital facets of freetrade. This review can allow you to understand whether freetrade is a good match for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
freetrade Review, Table Of Contents
- Who are freetrade?
- Benefits Of Trading With freetrade
- Everything you should know about trading with freetrade
- Is freetrade Safe To Trade With?
- Pro's & Con's Of Trading With freetrade?
- Compare Brokers Similar To freetrade
- Regulation And Licencing In More Detail
- freetrade Awards
- Minimum Deposit Required For A Live Account With freetrade
- freetrade Commission And Fees Explained
- Compare broker fees against freetrade
- freetrade Withdrawal Fees Explained
- freetrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With freetrade?
- Alternatives To freetrade
- Frequently Asked Questions About freetrade
Who are freetrade?
freetrade is a forex broker headquartered in Netherlands and provides a variety of tools for online trading. Since its establishment in 2013, freetrade has emerged as a leading player in the industry of online broker. freetrade includes a highly aggressive and full-featured trading website that is focused on currency, indices, metals, stocks and commodities.
Over the past 8 years, freetrade has grown into one of the leading online brokers.
After establishing in 2013, their client base is becoming as big as 10,000+ clients.
freetrade is the favorite of many traders because of its negative balance protection. Our freetrade review found that they are an excellent choice for automated trading solutions. They're best suited for investors who are searching for an assortment of assets. Social and automated trading solutions are the core at freetrade.
Technology plays a significant role in freetrade. freetrade offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. freetrade is honest, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232. Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The educational department at freetrade is very enlightening for new dealers as it allows them to get a closer look in the financial markets. freetrade caters to all types of traders and are a must-have broker for any well-diversified method of trading.
If you feel that freetrade is not right for you then at the bottom of this freetrade review you wil find a lot of alternatives to freetrade.
Everything you ought to know about trading with freetrade
freetrade is a lively platform that offers various procedures of online trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms provide less procedures than freetrade
If you want to trade with freetrade, you will require a minimum deposit of $250. This deposit is compulsory if you wish to begin trading with freetrade. This 2021 freetrade review will guide you easily about trading with them.
freetrade is as flexible as another brokerage platform. freetrade is ideal for traders that want a manageable range of low-cost services. The platforms provided by freetrade are third-party, white-label offerings. All traders can choose out of MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Together with everything, freetrade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept open. The agents offer premium client service that rewards customers with advantages.
Many unprofessional brokers attempt to pressurise customers into bigger financing for superior services. freetrade, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will become available.
freetrade accounts are available around the world and provides outstanding service wherever they have clients. There are only a select few countries where freetrade accounts are not available. Traders in the following countries cannot open or use a freetrade account:
BR, KR, IR, IQ, SY, JP, US
Is freetrade Safe To Trade With?
Established in 2013, freetrade has been operating for 8 years, they are headquarted in Netherlands.
freetrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232. These figures have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This means that freetrade users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.
You can make use of an option for Two Factor Authentications (2FA) with freetrade for heightened security. An SMS for the verification code will be sent to your mobile phone. You will be required to input this code to log into your accounts.
Another concern with financial brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With freetrade
Every online trading platform has some pros and cons freetrade review would be complete without having a balanced approach. This freetrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- freetrade is trusted by 10,000+ clients
- freetrade offers Negative Balance Protection
- freetrade doesn't charge inactivity fees
- freetrade doesn't charge deposit fees
- freetrade offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
- freetrade offer 115 trading instruments
- freetrade trades major forex pairs
- freetrade trades minor forex pairs
- freetrade trades exotic forex pairs
- freetrade offers trading on cryptocurrencies
- freetrade can communicate in English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
- freetrade does not offer Guaranteed Stop Loss
- freetrade charge withdrawal fees
- freetrade charge CFD fees
freetrade Review - Compare Brokers Similar To freetrade
|freetrade||AJ Bell||ICICI Direct||hotforex|
|Rating||6.35 / 10||2.88 / 10||4.68 / 10||6.45 / 10|
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232||Central Bank of UAE||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
freetrade Review - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232.
freetrade, as a company, has a powerful set of rules for ensuring fair trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
freetrade Review - Awards
- At the time of writing this freetrade review, they had not received any awards.
freetrade Trading Platforms
freetrade are a professional trading platform that has been open for over 8 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any reputable brokerage and compare freetrade against AJ Bell, ICICI Direct, and hotforex
freetrade Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on freetrade is $250. This is a decent amount for people just beginning. It's possible to create more advanced residue as you cooperate. But, ensure that you know how to make the most of your money before investing in larger sums.
freetrade Review - Commission And Fees Explained
freetrade is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for services like depositing cash, not trading for long periods, or withdrawals.
In general, freetrade does not charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by freetrade are comparatively greater. Consequently, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This freetrade review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against freetrade
freetrade Review - Withdrawal Fees Explained
freetrade charges a withdrawal fee if you create a bank transfer. Every time you move money into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any time from your freetrade account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't necessarily need to have any money in your accounts.
In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money will be sent into the card. freetrade will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're choosing to draw in.
freetrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head when open an account with freetrade. An inactivity fee is an amount charged to registered dealers who have not participated in purchasing or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a traders account doesn't have a buying or selling trade, it's claimed by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms they had consented while enrolling.
freetrade doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by freetrade, it's best that you close the account if you are inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many circumstances and should be disclosed clearly by the agent beforehand.
freetrade Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this operation.
freetrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the freetrade trading platform is easy. You just have to complete a single-user profile survey to start depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit substantial sums.
freetrade Review - Compare Broker Deposit Methods
What Can You Trade With freetrade?
Note: freetrade offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending on the country of residence of the client.
freetrade has a wide variety of over 115 instruments available for you to trade with.
If trading currency pairs is of interest to you then freetrade offer over 85 currency pairs.
Compare freetrade, AJ Bell, ICICI Direct & hotforex below.
Alternatives To freetrade
If, after reading this freetrade review, they do not quite meet your requirements check out these freetrade alternatives.
We've scoured the internet to find the best alternatives to freetrade. Click on the hyperlinks below to find out more.
Frequently Asked Questions about freetrade
Can I try freetrade before I buy?
Yes, you can most definitely try freetrade before you buy. freetrade offers demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register to get a demo account on freetrade, you may set out with a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you choose to spend your own money.
With this virtual freetradedemo account, you can experiment in any way, to whatever length you wish. You might also open positions, examine different trading strategies, and much more.
freetrade specifies on its official website which you are able to trade real time stocks in a demo account.
Is freetrade safe?
You can drop all your worries since we believe that freetrade is perfectly safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232.
Even so, freetrade doesn't provide assured stop-loss protection.
Why does freetrade ask for my passport?
The reason that freetrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, freetrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, freetrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with freetrade?
The process to start trading withfreetrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the freetrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with freetrade is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with freetrade.
The best way to kickstart your trading career with freetrade is to open a demo account facility before risking any real money
What funding methods do freetrade accept?
There are a number of ways to finance your account with freetrade. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal is not available in all country. The monies freetrade
Is my money safe with freetrade?
Yes, your cash is safe and protected with freetrade. As you know, freetrade operates with proper conformation to. It's established plenty of steps to protect all its investors.
freetrade safeguards its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your account, you can enable Two-Step Verification also. It requires an SMS affirmation for you to access your accounts.
Is freetrade trading good?
Yes, trading through freetrade is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you can also obtain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does freetrade support?
freetrade operates around the world. However, due to regulations there are some countries that freetrade do accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is freetrade legit?
freetrade is a legit company headquarted in Netherlands since 2013. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232. freetrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is freetrade a good broker?
freetrade is an excellent broker, and its users may vouch for it. The highlight of the platform is its fast order execution on trades.
You will find the clean layout of the platform along with the admirable features a pleasure to work with.
Is freetrade a trustworthy broker?
Yes, freetrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for freetrade?
The minimum deposit to open a live account with freetrade is $250
How long do freetrade withdrawals take?
Normally, withdrawal of money from freetrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from freetrade to show in your bank account.
Are freetrade regulated?
freetrade are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232
Is freetrade a market leading broker?
freetrade is indisputably among the business leaders. It supports over 10,000+ registered customers and over 8 years of expertise on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of resources plus tools so that you may invest in capital markets.
Is freetrade a con?
No, freetrade is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232 and must adhere to their rules. Thus, it is safe to say that freetrade is not a scam.
Can you make money with freetrade?
Using freetrade, several traders make a great deal of money. However, on average, through consistent trading, you can create between 2% - 10% profit a month.
This may seem to be a little number, but within the year, this adds to a significant number of gains. Even though freetrade provide you all the tools to earn money, they can't guarantee you will profit.
Does freetrade have fees?
Yes. To begin trading using freetrade, you need to deposit $250. Particular commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was freetrade founded?
freetrade was founded in 2013 in Netherlands. freetrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F232.
How many people use freetrade?
freetrade is a globally recognised broker with 10,000+ clients.
Where is the freetrade head office?
freetrade has its head office in Netherlands
Does freetrade offer negative balance protection?
Yes, freetrade has Negative Balance Protection. It is especially offered when the market volatility prevents customers from letting their account go in the red. In such a scenario, freetrade offers the ability to reset a customers account balance to zero.
You are able to go through the important terms and conditions on freetrade's website to understand their policies better.
Does freetrade offer guaranteed stop loss?freetrade unfortunately, doesn't offer guaranteed stop loss. freetrade provides a chance for its traders to close their trade at their specified price. Aside from that, freetrade doesn't provide guaranteed stop loss.
Does freetrade allow scalping?Yes, freetrade do allow scalping. Many traders throughout the world select freetrade for their services that are trading. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps which allow this.
Does freetrade allow hedging?
Yes, freetrade does allow hedging.
Can you trade energies with freetrade?
Yes, you can trade energy stocks with freetrade
Can you trade agricultural shares with freetrade?
No, unfortunately you cannot trade agricultural stock with freetrade
Can you trade cryptocurrency with freetrade?
Yes, you can trade cryptocurrency with freetrade
Can you trade metals with freetrade?
Yes, you can trade metals with freetrade
Can you trade UK Shares with freetrade?
No, unfortunately you cannot trade UK shares with freetrade
Can you trade US Shares with freetrade?
No, unfortunately you cannot trade US shares with freetrade
Can you trade Japanese Shares with freetrade?
No, unfortunately you cannot trade Japanese shares with freetrade
Can you trade German Shares with freetrade?
No, unfortunately you cannot trade German shares with freetrade
Does freetrade accept bank transfers?
Yes, freetrade accepts bank transfers for depositing money.
Does freetrade accept credit cards?
Yes, freetrade accepts credit cards for depositing money.
Does freetrade accept PayPal?
Yes, freetrade accepts PayPal for depositing money.
Does freetrade accept Skrill?
Yes, freetrade accepts Skrill for depositing money.
Does freetrade accept Payoneer?
Yes, freetrade accepts Payoneer for depositing money.
Does freetrade accept Neteller?
Yes, freetrade accepts Neteller for depositing money.
Does freetrade offer Live Chat customer support?
No, freetrade does not offer customer support through live chat.
Does freetrade offer phone customer support?
No, freetrade does not offer customer support over the telephone.
Does freetrade offer email customer support?
No, freetrade does not offer customer support through email.
What languages can freetrade communicate in?
freetrade has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does freetrade have a wikipedia page?
No, freetrade does not have an official wikipedia page.
Does freetrade offer demo accounts?
Yes, freetrade offers demo accounts so you can learn their systems before risking any real money.