freetrade vs Direct FX, for 2023
Direct FX Rating
The value of investments can go up as well as down and you may receive back less than your original investment.
Losses can exceed deposits
freetrade vs Direct FX Guide
Read our In-Depth freetrade vs Direct FX Review - Updated for 2023
This freetrade vs Direct FX 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 Direct FX 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.
Direct FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Direct FX
Every online trading platform has a few ups and downs, and no freetrade and Direct FX review would be complete without showing both sides. Compare freetrade and Direct FX to understand how they stack 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 Direct FX. Who is better in 2023?
Our freetrade vs Direct FX comparison contains the most recent information so you can easily compare Direct FX against freetrade.
If you're a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of broker as you keep trading. For starters, you need to choose the right agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. freetrade and Direct FX are two such platforms that will take you and your investment to great heights. It is crucial that you compare freetrade vs Direct FX until you trust them with your cash.
Our freetrade vs Direct FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Direct FX side by side.
Our full freetrade vs Direct FX Review covers all you need to learn about trading using either freetrade or Direct FX. A fantastic agent can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a frequent misconception that all agents are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
freetrade and Direct FX are both brokers which have paved their way successfully into the brokerage world. In this review, we've tried to collate a number of the vital facets of both freetrade and Direct FX. This review will help you to understand whether either Direct FX or freetrade is a fantastic match for your own investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of freetrade and Direct FX Compared
freetrade has a minimum deposit of $0 while Direct FX offers a $1 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Direct FX 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 whilst Direct FX allows you to trade around 115 available.
The more financial instruments you can trade on the freetrade and Direct FX 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 should never want to miss out on a trading opportunity due to the limitations of freetrade or Direct FX.
freetrade and Direct FX Contact Details
Being able to contact your broker easily is a sign of a professional broker. freetrade and Direct FX have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB|
|freetrade Twitter Account||Direct FX Twitter Account|
|freetrade Facebook Page||Direct FX Facebook Page|
|freetrade Instagram Account||Direct FX Instagram Account|
|freetrade LinkedIn Page||Direct FX LinkedIn Page|
|YouTube||freetrade YouTube Channel||Direct FX YouTube Channel|
|Find Out More||
Direct FX 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 Direct FX 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 the 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. 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 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 Direct FX - Awards
freetrade have won many industry awards over the years they have been operating as a financial broker. We show the most recognised awards for freetrade here.
|At the time of writing this Direct FX review, and despite Direct FX’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs Direct FX - Frequently Asked Questions
freetrade vs Direct FX - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
Direct FX was founded in 2006 and has its head office in New Zealand.
What is the minimum deposit for Direct FX or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Direct FX is $1.
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 Direct FX are a good option.
freetrade vs Direct FX - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Direct FX is regulated by Unregulated.
Direct FX is unregulated but freetrade has a powerful set of rules for ensuring fair trading onto its individual platforms. For information encryption purposes, they supply industry-standard secure socket layer (SSL).
Compare freetrade vs Direct FX Commission And Fees
freetrade and Direct FX are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of fees 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're charged trading fees. In these cases, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither freetrade or Direct FX charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by freetrade and Direct FX are relatively greater. Consequently, you are billed more for non-trading actions on your trading account, like withdrawal and deposits. These aren't about the purchase and sale of resources.
This freetrade vs Direct FX review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And Direct FX
What Languages Do freetrade And Direct FX Support?
Being able to chat easily with your online broker is a key element when comparing online 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.
Here you can find all the languages that both freetrade and Direct FX offer communication in.
How Many Clients Do freetrade and Direct FX Have?
Both freetrade and Direct FX are well established with their client base. It is really 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 clients are using their services.
Below you will find details of how many customers freetrade and Direct FX have
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and Direct FX Accept?
freetrade and Direct FX 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 Direct FX
What Can You Trade With freetrade and Direct FX?
freetrade offers 115 trading instruments and Direct FX offers .
Below you will find a full breakdown of what both freetrade and Direct FX offer.
Compare freetrade To All Other Brokers
Compare Direct FX To All Other Brokers
freetrade vs Direct FX:
Table Of Contents
- Compare freetrade vs Direct FX
- Benefits of freetrade and Direct FX Compared
- Direct FX and freetrade Mobile App Comparison
- freetrade vs Direct FX - Awards
- freetrade vs Direct FX - Frequently Asked Questions
- What is the minimum deposit for Direct FX or freetrade
- freetrade vs Direct FX - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Direct FX
- What Languages Do freetrade And Direct FX Support?
- How Many Clients Do freetrade and Direct FX Have?
- What Payment Methods Do freetrade and Direct FX Accept?
- What Can You Trade With freetrade and Direct FX?