freetrade vs Binance, Updated for 2023
Read our In-Depth freetrade vs Binance Review - 2023 Update
This freetrade vs Binance 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 Binance 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.
Binance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Binance
Every online trading platform has a few ups and downs, and no freetrade and Binance review would be complete without having a balanced approach. Compare freetrade and Binance to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between freetrade or Binance. Who is better in 2023?
Our freetrade vs Binance comparison contains the latest information so you can easily compare Binance against freetrade.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of brokerage as you keep trading. For starters, you need to select the ideal broker who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. freetrade and Binance are just two such companies that will take you and your investment into great heights. It is crucial to compare freetrade vs Binance until you trust them with your cash.
Our freetrade vs Binance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Binance side by side.
Our full freetrade vs Binance Review covers all you need to learn about trading with either freetrade or Binance. A fantastic broker can multiply your initial investments and give you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
freetrade and Binance are both brokers which have found their way successfully to the broker world. Within this review, we have attempted to collate some of the important aspects of both freetrade and Binance. This review will allow you to understand whether either Binance or freetrade is a fantastic fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Benefits of freetrade and Binance Compared
freetrade offers a minimum deposit of $0 while Binance offers a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Binance 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 allows you to trade around 115 financial instruments whilst Binance allows you to trade around 115 on their platform.
The more instruments you can trade on the freetrade and Binance 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 seriously do not want to miss out on a trading opportunity due to the limitations of freetrade or Binance.
freetrade and Binance Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. freetrade and Binance have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | freetrade | Binance |
| Telephone Number | +44 203 488 2539 | +1 929 228 3440 |
| hello@freetrade.io | support@binance.com | |
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | Melita Court Level 3 Triq Giuseppe Cali Ta' Xbiex XBX 1420 Malta |
| freetrade Twitter Account | Binance Twitter Account | |
| freetrade Facebook Page | Binance Facebook Page | |
| freetrade Instagram Account | Binance Instagram Account | |
| freetrade LinkedIn Page | Binance LinkedIn Page | |
| YouTube | freetrade YouTube Channel | Binance YouTube Channel |
| Find Out More |
|
|
Binance 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 Binance we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
freetrade vs Binance - Awards
|
|
||
|---|---|---|
| Broker | freetrade | Binance |
| Awards |
freetrade have won a lot of industry awards over the time they have been running as an online trading platform. We list the most notable awards for freetrade below.
|
At the time of writing this Binance review, and despite Binance’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
freetrade vs Binance - Frequently Asked Questions
freetrade vs Binance - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
Binance was founded in 2017 and has its headquaters in Japan.
What is the minimum deposit for Binance or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Binance is $100.
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 Binance are a good option.
freetrade vs Binance - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Binance is regulated by Unregulated.
Binance is unregulated but freetrade has a powerful set of rules for ensuring honest trading on its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy policy, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare freetrade vs Binance Commission And Fees
freetrade and Binance are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three types of fees for this objective.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you're paying a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither freetrade or Binance charge high fees in comparison to other online agents. For operations other agents 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 daily or weekly trading.
However, non-trading fees billed by freetrade and Binance are comparatively greater. Consequently, you are billed more for non-trading activities in your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This freetrade vs Binance review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And Binance
What Languages Do freetrade And Binance Support?
Being able to communicate easily with your trading platform is a key part of comparing online brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you can find the languages that both freetrade and Binance offer communication in.
How Many Clients Do freetrade and Binance Have?
Both freetrade and Binance are well established with their client base. It is important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers freetrade and Binance are working with
What Payment Methods Do freetrade and Binance Accept?
freetrade and Binance 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 Binance
What Can You Trade With freetrade and Binance?
freetrade offers 115 trading instruments and Binance offers 52.
Below you will find a full breakdown of what both freetrade and Binance offer.
Compare freetrade To All Other Brokers
Compare Binance To All Other Brokers