freetrade vs Degiro, Updated for 2023
Read our In-Depth freetrade vs Degiro Review - 2023 Update
This freetrade vs Degiro 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 Degiro 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.
Degiro Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Degiro
Every online trading platform has some pros and cons, and no freetrade and Degiro review would be complete without showing both sides. Compare freetrade and Degiro to understand how they stack 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 a professional broker and are choosing between freetrade or Degiro. Who should you choose?
This freetrade vs Degiro comparison contains the latest information so you can easily compare Degiro against freetrade.
If you're a new entrant in the realm of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will get proficient at all the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. freetrade and Degiro are just two such companies which will take you and your investment into great heights. It's crucial to compare freetrade vs Degiro before you trust them with your money.
Our freetrade vs Degiro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Degiro side by side.
Our full freetrade vs Degiro Review covers all you will need to learn about trading with either freetrade or Degiro. A good agent can multiply your first investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
freetrade and Degiro are both brokers which have found their way successfully into the brokerage world. Within this review, we have tried to collate some of the important aspects of both freetrade and Degiro. This review will help you to know whether either Degiro or freetrade is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Benefits of freetrade and Degiro Compared
freetrade offers a minimum deposit of $0 while Degiro offers a $0 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Degiro 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 Degiro allows you to trade around 115 on their platform.
The more instruments you can trade on the freetrade and Degiro 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 Degiro.
freetrade and Degiro Contact Details
Being able to contact an online trading platform simply is important. freetrade and Degiro have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | freetrade | Degiro |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | Degiro Twitter Account | |
| freetrade Facebook Page | Degiro Facebook Page | |
| freetrade Instagram Account | Degiro Instagram Account | |
| freetrade LinkedIn Page | Degiro LinkedIn Page | |
| YouTube | freetrade YouTube Channel | Degiro YouTube Channel |
| Find Out More |
|
|
Degiro and freetrade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of freetrade and Degiro we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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
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 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 Degiro - Awards
|
|
||
|---|---|---|
| Broker | freetrade | Degiro |
| Awards |
freetrade have won many industry awards over the time they have been operating as an online broker. We detail the most notable awards for freetrade below.
|
At the time of writing this Degiro review, and despite Degiro’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
freetrade vs Degiro - Frequently Asked Questions
freetrade vs Degiro - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
Degiro was founded in 1934 and has its head office in Netherlands.
What is the minimum deposit for Degiro or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Degiro is $0.
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 Degiro are a good option.
freetrade vs Degiro - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).
Both freetrade and Degiro have a powerful set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs Degiro Commission And Fees
freetrade and Degiro 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 trading platforms are scaled better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
But this does not 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 three types of penalties for this purpose.
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 charged trading fees. In such cases, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither freetrade or Degiro charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by freetrade and Degiro are relatively competitive. As a result, you're billed more for non-trading actions in your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This freetrade vs Degiro review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And Degiro
What Languages Do freetrade And Degiro Support?
Being able to talk completely with your trading platform is a key way of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you can find the languages that both freetrade and Degiro offer communication in.
How Many Clients Do freetrade and Degiro Have?
Both freetrade and Degiro are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients freetrade and Degiro are active on their platform
What Payment Methods Do freetrade and Degiro Accept?
freetrade and Degiro 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 Degiro
What Can You Trade With freetrade and Degiro?
freetrade offers 115 trading instruments while Degiro offers 84.
Below you will find a full breakdown of what both freetrade and Degiro offer.
Compare freetrade To All Other Brokers
Compare Degiro To All Other Brokers