freetrade vs FXCM, Who's Better?
Read our In-Depth freetrade vs FXCM Review - for 2023
This freetrade vs FXCM 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 FXCM 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.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs FXCM
Every online trading system will have a few pros and cons, and no freetrade and FXCM review would be complete without having a balanced approach. Compare freetrade and FXCM to understand how they line 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 an online trading platform and are choosing between freetrade or FXCM. Which one is best in 2023?
This freetrade vs FXCM comparison contains the most recent information so you can easily compare FXCM against freetrade.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to create hefty returns. freetrade and FXCM are just two such trading platforms which will take you and your investment to great heights. It is important to compare freetrade vs FXCM before you trust them with your money.
Our freetrade vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and FXCM side by side.
Our full freetrade vs FXCM Review covers everything you will need to know about trading using either freetrade or FXCM. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you must 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 agent before you choose them. It is a common misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
freetrade and FXCM are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate a number of the important facets of both freetrade and FXCM. This review will help you to know whether either FXCM or freetrade is a good fit for your own investments or not. We have tried to breakdown all of the features and charges for your advantage.
Benefits of freetrade and FXCM Compared
freetrade offers a minimum deposit of $0 while FXCM offers a $1 minimum deposit.
Why smaller minimum deposits are good and how freetrade and FXCM 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 FXCM has around 115 on their platform.
The more financial instruments you can trade on the freetrade and FXCM 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 FXCM.
freetrade and FXCM Contact Details
Being able to contact your broker simply is important. freetrade and FXCM have the following contact details and social medias that you can use.
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| Broker | freetrade | FXCM |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | FXCM Twitter Account | |
| freetrade Facebook Page | FXCM Facebook Page | |
| freetrade Instagram Account | FXCM Instagram Account | |
| freetrade LinkedIn Page | FXCM LinkedIn Page | |
| YouTube | freetrade YouTube Channel | FXCM YouTube Channel |
| Find Out More |
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FXCM 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.
This part of comparing freetrade and FXCM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the 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 FXCM - Awards
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| Broker | freetrade | FXCM |
| Awards |
freetrade have won numerous industry awards over the years they have been operating as a financial broker. We show the most recognised awards for freetrade here.
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At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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freetrade vs FXCM - Frequently Asked Questions
freetrade vs FXCM - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
FXCM was founded in 1999 and has its headquaters in United States.
What is the minimum deposit for FXCM or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for FXCM is $1.
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 FXCM are a good choice.
freetrade vs FXCM - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
FXCM is regulated by Financial Conduct Authority (FCA).
Both freetrade and FXCM have a powerful set of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs FXCM Commission And Fees
freetrade and FXCM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither freetrade or FXCM charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often trade, such as weekly or daily trading.
But, non-trading fees charged by freetrade and FXCM are relatively higher. As a result, you're billed more for non-trading activities in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This freetrade vs FXCM review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And FXCM
What Languages Do freetrade And FXCM Support?
Being able to talk completely with your online platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you can find the languages that both freetrade and FXCM support.
How Many Clients Do freetrade and FXCM Have?
Both freetrade and FXCM are well established with their customer base. It is important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers freetrade and FXCM have
What Payment Methods Do freetrade and FXCM Accept?
freetrade and FXCM 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 FXCM
What Can You Trade With freetrade and FXCM?
freetrade offers 115 trading instruments whilst FXCM offers 100.
Below you will find a full breakdown of what both freetrade and FXCM offer.
Compare freetrade To All Other Brokers
Compare FXCM To All Other Brokers