freetrade vs FP Markets, Updated for 2023
FP Markets 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 FP Markets Guide
Read our In-Depth freetrade vs FP Markets Review - for 2023
This freetrade vs FP Markets 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 FP Markets 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.
FP Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs FP Markets
Every online trading system has a few pros and cons, and no freetrade and FP Markets review would be complete without showing both sides. Compare freetrade and FP Markets to understand how they stack up against each other before you create 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 FP Markets. Who is better in 2023?
This freetrade vs FP Markets comparison contains the latest information so you can easily compare FP Markets against freetrade.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the right agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. freetrade and FP Markets are just two such companies which will take you along with your investment to great heights. It is crucial that you compare freetrade vs FP Markets before you trust them with your money.
Our freetrade vs FP Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and FP Markets side by side.
Our full freetrade vs FP Markets Review covers everything you will need to know about trading with either freetrade or FP Markets. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
freetrade and FP Markets are both brokers that have found their way successfully into the broker world. In this review, we've attempted to collate a number of the vital aspects of both freetrade and FP Markets. This review can allow you to know whether either FP Markets or freetrade is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Benefits of freetrade and FP Markets Compared
freetrade offers a minimum deposit of $0 while FP Markets offers a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade and FP Markets 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 FP Markets has around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and FP Markets 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 FP Markets.
freetrade and FP Markets Contact Details
Being able to contact your broker easily is important. freetrade and FP Markets have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539||+44 28 2544 7780|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB||First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines|
|freetrade Twitter Account||FP Markets Twitter Account|
|freetrade Facebook Page||FP Markets Facebook Page|
|freetrade Instagram Account||FP Markets Instagram Account|
|freetrade LinkedIn Page||FP Markets LinkedIn Page|
|YouTube||freetrade YouTube Channel||FP Markets YouTube Channel|
|Find Out More||
FP Markets 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 FP Markets 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 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. 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 FP Markets - Awards
freetrade have won many industry awards over the time they have been running as an online broker. We show the most notable awards for freetrade below.
FP Markets have won several industry awards over the time they have been running as a financial broker. We detail the most recognised awards for FP Markets below.
|Find Out More||
freetrade vs FP Markets - Frequently Asked Questions
freetrade vs FP Markets - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
FP Markets was founded in 2005 and has its head office in Australia.
What is the minimum deposit for FP Markets or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for FP Markets 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 FP Markets are a good option.
freetrade vs FP Markets - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
Both freetrade and FP Markets have a powerful set of rules for ensuring honest trading onto their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare freetrade vs FP Markets Commission And Fees
freetrade and FP Markets are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices 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're charged trading charges. In such instances, you are paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither freetrade or FP Markets charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees billed by freetrade and FP Markets are comparatively greater. As a result, you are billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This freetrade vs FP Markets review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And FP Markets
What Languages Do freetrade And FP Markets Support?
Being able to communicate easily with your online broker is a key element when comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find all the languages that both freetrade and FP Markets support.
How Many Clients Do freetrade and FP Markets Have?
Both freetrade and FP Markets are well established with their client base. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users freetrade and FP Markets have
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and FP Markets Accept?
freetrade and FP Markets 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 FP Markets
What Can You Trade With freetrade and FP Markets?
freetrade offers 115 trading instruments and FP Markets offers 100.
Below you will find a full breakdown of what both freetrade and FP Markets offer.
Compare freetrade To All Other Brokers
Compare FP Markets To All Other Brokers
freetrade vs FP Markets:
Table Of Contents
- Compare freetrade vs FP Markets
- Benefits of freetrade and FP Markets Compared
- FP Markets and freetrade Mobile App Comparison
- freetrade vs FP Markets - Awards
- freetrade vs FP Markets - Frequently Asked Questions
- What is the minimum deposit for FP Markets or freetrade
- freetrade vs FP Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And FP Markets
- What Languages Do freetrade And FP Markets Support?
- How Many Clients Do freetrade and FP Markets Have?
- What Payment Methods Do freetrade and FP Markets Accept?
- What Can You Trade With freetrade and FP Markets?