freetrade vs Interactive Brokers, Who's Better?
Read our In-Depth freetrade vs Interactive Brokers Review - 2023 Update
This freetrade vs Interactive Brokers 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 Interactive Brokers 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.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Interactive Brokers
Every online trading system has a few pros and cons, and no freetrade and Interactive Brokers review would be complete without showing both sides. Compare freetrade and Interactive Brokers to understand how they line 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 an online trading platform and are choosing between freetrade or Interactive Brokers. Which one is best in 2023?
Our freetrade vs Interactive Brokers comparison contains the most recent information so you can easily compare Interactive Brokers against freetrade.
If you are 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 assessing skills and thorough knowledge. You'll get proficient at all the concepts of broker as you keep trading. For starters, you need to choose the right agent who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. freetrade and Interactive Brokers are just two such companies that will take you along with your investment into great heights. It's crucial that you compare freetrade vs Interactive Brokers until you trust them with your cash.
Our freetrade vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Interactive Brokers side by side.
Our full freetrade vs Interactive Brokers Review covers all you need to learn about trading with either freetrade or Interactive Brokers. A fantastic broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; thus, you must carefully assess your broker before you select them. It's a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
freetrade and Interactive Brokers are both brokers that have found their way successfully to the broker world. Within this review, we have attempted to collate some of the vital facets of both freetrade and Interactive Brokers. This review can allow you to know whether either Interactive Brokers or freetrade is a fantastic fit for your own investments or not. We have tried to breakdown all of the features and charges for your convenience.
Benefits of freetrade and Interactive Brokers Compared
freetrade has a minimum deposit of $0 while Interactive Brokers has a $1 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Interactive Brokers 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 Interactive Brokers has around 115 on their platform.
The more financial instruments you can trade on the freetrade and Interactive Brokers 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 Interactive Brokers.
freetrade and Interactive Brokers Contact Details
Being able to contact a broker easily is important. freetrade and Interactive Brokers have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539||+1 203 618 5800|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB||One Pickwick Plz, Greenwich, Connecticut 06830, US|
|freetrade Twitter Account||Interactive Brokers Twitter Account|
|freetrade Facebook Page||Interactive Brokers Facebook Page|
|freetrade Instagram Account||Interactive Brokers Instagram Account|
|freetrade LinkedIn Page||Interactive Brokers LinkedIn Page|
|YouTube||freetrade YouTube Channel||Interactive Brokers YouTube Channel|
|Find Out More||
Interactive Brokers 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 Interactive Brokers will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 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 Interactive Brokers - Awards
freetrade have won many industry awards over the time they have been running as an online trading platform. We list the most notable awards for freetrade here.
Interactive Brokers have won numerous industry awards over the time they have been running as an online trading platform. We show the most notable awards for Interactive Brokers here.
|Find Out More||
freetrade vs Interactive Brokers - Frequently Asked Questions
freetrade vs Interactive Brokers - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
Interactive Brokers was founded in 1977 and has its headquaters in United States.
What is the minimum deposit for Interactive Brokers or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Interactive Brokers 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 Interactive Brokers are a good choice.
freetrade vs Interactive Brokers - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
Both freetrade and Interactive Brokers have a powerful set of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs Interactive Brokers Commission And Fees
freetrade and Interactive Brokers are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.
However, this doesn't 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 different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither freetrade or Interactive Brokers charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees charged by freetrade and Interactive Brokers are relatively greater. Consequently, you're charged more for non-trading actions on your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This freetrade vs Interactive Brokers review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And Interactive Brokers
What Languages Do freetrade And Interactive Brokers Support?
Being able to communicate completely with your online platform is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you can find all the languages that both freetrade and Interactive Brokers offer communication in.
How Many Clients Do freetrade and Interactive Brokers Have?
Both freetrade and Interactive Brokers 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 understanding this is by knowing how many customers are using their services.
Below you will find details of how many users freetrade and Interactive Brokers are working with
What Payment Methods Do freetrade and Interactive Brokers Accept?
freetrade and Interactive Brokers 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 Interactive Brokers
What Can You Trade With freetrade and Interactive Brokers?
freetrade offers 115 trading instruments and Interactive Brokers offers 100.
Below you will find a full breakdown of what both freetrade and Interactive Brokers offer.
Compare freetrade To All Other Brokers
Compare Interactive Brokers To All Other Brokers
freetrade vs Interactive Brokers:
Table Of Contents
- Compare freetrade vs Interactive Brokers
- Benefits of freetrade and Interactive Brokers Compared
- Interactive Brokers and freetrade Mobile App Comparison
- freetrade vs Interactive Brokers - Awards
- freetrade vs Interactive Brokers - Frequently Asked Questions
- What is the minimum deposit for Interactive Brokers or freetrade
- freetrade vs Interactive Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Interactive Brokers
- What Languages Do freetrade And Interactive Brokers Support?
- How Many Clients Do freetrade and Interactive Brokers Have?
- What Payment Methods Do freetrade and Interactive Brokers Accept?
- What Can You Trade With freetrade and Interactive Brokers?