freetrade vs AvaTrade, Who's The Best?
Read our In-Depth freetrade vs AvaTrade Review - 2024 Update
Our review comparing freetrade and AvaTrade has been revised to reflect any changes for 2024 from seasoned professionals boasting extensive financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs AvaTrade does not apply to all countries as follows:
freetrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and Afghanistan.
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs AvaTrade
Each trading platforms will have some ups and downs, and any comprehensive review of freetrade and AvaTrade cannnot be complete without embracing an objective perspective.
Assess AvaTrade and freetrade to get a better understanding of the way they stack up to each before you decide to open an account. Conducting a comparative analysis can bring aspects into perspective so that you are cognizant of what to expect.
So you are looking for an online trading platform and are choosing between freetrade or AvaTrade. Who is better in 2024?
This freetrade vs AvaTrade comparison contains the latest information so you can easily compare AvaTrade against freetrade.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will acquire adept at all the concepts of brokerage as you continue trading. For starters, you have to select the right broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. freetrade and AvaTrade are just two such stages that will take you and your investment into great heights. It's important to compare freetrade vs AvaTrade before you trust them with your cash.
Our freetrade vs AvaTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and AvaTrade side by side.
Our entire freetrade vs AvaTrade Review covers all you will need to know about trading using either freetrade or AvaTrade. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
freetrade and AvaTrade are both brokers which have found their way successfully to the brokerage world. Within this review, we've tried to collate a number of the important facets of both freetrade and AvaTrade. This review will allow you to know whether either AvaTrade or freetrade is a good match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of freetrade and AvaTrade Compared
freetrade has a minimum deposit of $0 while AvaTrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how freetrade and AvaTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
freetrade has around 115 financial instruments while AvaTrade has around 115 financial instruments available.
The more financial instruments you can trade on the freetrade and AvaTrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of freetrade or AvaTrade.
freetrade and AvaTrade Contact Details
Being able to contact your broker simply is important. freetrade and AvaTrade have the following contact details and social medias that you can use.
|+44 203 488 2539
|+353 76 680 3327
|68 Hanbury St, London, Greater London E1 5JL, GB
|Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL
|freetrade Twitter Account
|AvaTrade Twitter Account
|freetrade Facebook Page
|AvaTrade Facebook Page
|freetrade Instagram Account
|AvaTrade Instagram Account
|freetrade LinkedIn Page
|AvaTrade LinkedIn Page
|freetrade YouTube Channel
|AvaTrade YouTube Channel
|Find Out More
AvaTrade and freetrade Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of freetrade and AvaTrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
freetrade vs AvaTrade - Awards
freetrade have won many industry awards over the years they have been operating as an online trading platform. We detail the most recognised awards for freetrade below.
|At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
freetrade vs AvaTrade - Frequently Asked Questions
freetrade vs AvaTrade - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
AvaTrade was founded in 2006 and has its head office in The British Virgin Islands.
What is the minimum deposit for AvaTrade or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for AvaTrade is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both freetrade and AvaTrade are a good choice.
freetrade vs AvaTrade - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Both freetrade and AvaTrade have a strong collection of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs AvaTrade Commission And Fees
freetrade and AvaTrade are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are paying a spread, financing rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or AvaTrade charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees billed by freetrade and AvaTrade are relatively higher. Consequently, you're billed more for non-trading activities in your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of assets.
This freetrade vs AvaTrade review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And AvaTrade
What Languages Do freetrade And AvaTrade Support?
Being able to talk easily with your online broker is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both freetrade and AvaTrade support.
How Many Clients Do freetrade and AvaTrade Have?
Both freetrade and AvaTrade are well known and trusted. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users freetrade and AvaTrade have
What Payment Methods Do freetrade and AvaTrade Accept?
freetrade and AvaTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at freetrade and AvaTrade
What Can You Trade With freetrade and AvaTrade?
freetrade offers 115 trading instruments while AvaTrade offers 250.
Below you will find a full breakdown of what both freetrade and AvaTrade offer.
freetrade vs AvaTrade:
Table Of Contents
- Compare freetrade vs AvaTrade
- Benefits of freetrade and AvaTrade Compared
- AvaTrade and freetrade Mobile App Comparison
- freetrade vs AvaTrade - Awards
- freetrade vs AvaTrade - Frequently Asked Questions
- What is the minimum deposit for AvaTrade or freetrade
- freetrade vs AvaTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And AvaTrade
- What Languages Do freetrade And AvaTrade Support?
- How Many Clients Do freetrade and AvaTrade Have?
- What Payment Methods Do freetrade and AvaTrade Accept?
- What Can You Trade With freetrade and AvaTrade?