freetrade vs BCS Forex, Updated for 2023
Read our In-Depth freetrade vs BCS Forex Review - 2023 Update
This freetrade vs BCS Forex review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this freetrade vs BCS Forex review 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.
BCS Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs BCS Forex
Every online trading system will have some pros and cons, and no freetrade and BCS Forex review would be complete without showing both sides. Compare freetrade and BCS Forex to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between freetrade or BCS Forex. Who is better in 2023?
Our freetrade vs BCS Forex comparison contains the most recent information so you can easily compare BCS Forex against freetrade.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. freetrade and BCS Forex are just two such trading platforms that will take you and your investment to great heights. It is important to compare freetrade vs BCS Forex before you trust them with your money.
Our freetrade vs BCS Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and BCS Forex side by side.
Our full freetrade vs BCS Forex Review covers all you will need to know about trading using either freetrade or BCS Forex. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a broker service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you choose them. It's a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
freetrade and BCS Forex are both brokers which have forged their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important facets of both freetrade and BCS Forex. This review can help you to understand whether either BCS Forex or freetrade is a good match for your own investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Benefits of freetrade and BCS Forex Compared
freetrade has a minimum deposit of $0 while BCS Forex has a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade and BCS Forex 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 BCS Forex has around 115 available.
The more financial instruments you can trade on the freetrade and BCS Forex 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 BCS Forex.
freetrade and BCS Forex Contact Details
Being able to contact an online trading platform through many ways is vital. freetrade and BCS Forex have the following contact details and social medias that you can use.
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| Broker | freetrade | BCS Forex |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | BCS Forex Twitter Account | |
| freetrade Facebook Page | BCS Forex Facebook Page | |
| freetrade Instagram Account | BCS Forex Instagram Account | |
| freetrade LinkedIn Page | BCS Forex LinkedIn Page | |
| YouTube | freetrade YouTube Channel | BCS Forex YouTube Channel |
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BCS Forex 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.
This part of comparing freetrade and BCS Forex will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
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 BCS Forex - Awards
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| Broker | freetrade | BCS Forex |
| Awards |
freetrade have won many industry awards over the time they have been operating as an online trading platform. We show the most recognised awards for freetrade below.
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At the time of writing this BCS Forex review, and despite BCS Forex’s impressive offering, the company has surprisingly not garnered any awards to date. |
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freetrade vs BCS Forex - Frequently Asked Questions
freetrade vs BCS Forex - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
BCS Forex was founded in 2016 and has its headquaters in Cyprus.
What is the minimum deposit for BCS Forex or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for BCS Forex is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both freetrade and BCS Forex are a good option.
freetrade vs BCS Forex - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both freetrade and BCS Forex have a powerful set of rules for ensuring honest trading onto their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare freetrade vs BCS Forex Commission And Fees
freetrade and BCS Forex are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, funding speed, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither freetrade or BCS Forex charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees billed by freetrade and BCS Forex are comparatively competitive. Consequently, you're billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of assets.
This freetrade vs BCS Forex review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And BCS Forex
What Languages Do freetrade And BCS Forex Support?
Being able to chat completely with your trading broker is a key element when comparing brokers to find your perfect broker. Not only for support but to ensure 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 the languages that both freetrade and BCS Forex offer communication in.
How Many Clients Do freetrade and BCS Forex Have?
Both freetrade and BCS Forex are well established with their customer base. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers freetrade and BCS Forex have
What Payment Methods Do freetrade and BCS Forex Accept?
freetrade and BCS Forex 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 BCS Forex
What Can You Trade With freetrade and BCS Forex?
freetrade offers 115 trading instruments and BCS Forex offers 46.
Below you will find a full breakdown of what both freetrade and BCS Forex offer.
Compare freetrade To All Other Brokers
Compare BCS Forex To All Other Brokers