freetrade vs Eightcap, 2023 Update
Read our In-Depth freetrade vs Eightcap Review - for 2023
This freetrade vs Eightcap 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 Eightcap 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.
Eightcap Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Eightcap
Every online trading system will have a few ups and downs, and no freetrade and Eightcap review would be complete without having a balanced approach. Compare freetrade and Eightcap 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 broker and are choosing between freetrade or Eightcap. Who is better in 2023?
This freetrade vs Eightcap comparison contains the most recent information so you can easily compare Eightcap against freetrade.
If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all of the concepts of broker since you keep trading. For starters, you have to select the right broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. freetrade and Eightcap are just two such stages that will take you along with your investment to great heights. It's crucial that you compare freetrade vs Eightcap until you trust them with your cash.
Our freetrade vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Eightcap side by side.
Our full freetrade vs Eightcap Review covers all you will need to learn about trading using either freetrade or Eightcap. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
freetrade and Eightcap are both brokers which have forged their way successfully into the brokerage world. In this review, we have tried to collate a number of the important aspects of both freetrade and Eightcap. This review will allow you to know whether either Eightcap or freetrade is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
Benefits of freetrade and Eightcap Compared
freetrade has a minimum deposit of $0 while Eightcap offers a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Eightcap 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 Eightcap has around 115 available.
The more instruments you can trade on the freetrade and Eightcap 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 Eightcap.
freetrade and Eightcap Contact Details
Being able to contact a broker easily is a sign of a professional broker. freetrade and Eightcap have the following contact details and social medias that you can use.
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| Broker | freetrade | Eightcap |
| Telephone Number | +44 203 488 2539 | +61 3 8373 4800 |
| hello@freetrade.io | customerservice@eightcap.com | |
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU |
| freetrade Twitter Account | Eightcap Twitter Account | |
| freetrade Facebook Page | Eightcap Facebook Page | |
| freetrade Instagram Account | Eightcap Instagram Account | |
| freetrade LinkedIn Page | Eightcap LinkedIn Page | |
| YouTube | freetrade YouTube Channel | Eightcap YouTube Channel |
| Find Out More |
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Eightcap 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 Eightcap 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
Although most brokers do OK in this area, there are some bad apples out there. 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 Eightcap - Awards
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| Broker | freetrade | Eightcap |
| Awards |
freetrade have won several industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for freetrade below.
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Eightcap have won a lot of industry awards over the time they have been operating as an online broker. We list the most recognised awards for Eightcap here.
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freetrade vs Eightcap - Frequently Asked Questions
freetrade vs Eightcap - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
Eightcap was founded in 2009 and has its head office in Australia.
What is the minimum deposit for Eightcap or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Eightcap is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both freetrade and Eightcap are a good choice.
freetrade vs Eightcap - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both freetrade and Eightcap have a strong collection of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare freetrade vs Eightcap Commission And Fees
freetrade and Eightcap are online brokerage 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. That is, an online broker is not necessarily affected by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three types of fees for this purpose.
The first kind of fees to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither freetrade or Eightcap charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by freetrade and Eightcap are relatively lower. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This freetrade vs Eightcap review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And Eightcap
What Languages Do freetrade And Eightcap Support?
Being able to communicate completely with your online platform 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 factor to success when trading online.
Below you can find all the languages that both freetrade and Eightcap offer communication in.
How Many Clients Do freetrade and Eightcap Have?
Both freetrade and Eightcap 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 clients are using their services.
Below you will find details of how many users freetrade and Eightcap are working with
What Payment Methods Do freetrade and Eightcap Accept?
freetrade and Eightcap 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 Eightcap
What Can You Trade With freetrade and Eightcap?
freetrade offers 115 trading instruments whilst Eightcap offers 100.
Below you will find a full breakdown of what both freetrade and Eightcap offer.
Compare freetrade To All Other Brokers
Compare Eightcap To All Other Brokers