freetrade vs OctaFX, Who's The Best?
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 OctaFX Guide
Read our In-Depth freetrade vs OctaFX Review - 2024 Update
This comprehensive analysis of freetrade and OctaFX has been updated for 2024 from industry experts boasting years of financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs OctaFX 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.
OctaFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs OctaFX
All platforms for online trading will have certain pros and cons, and a complete freetrade and OctaFX review should not be regarded as thorough without having a fair assessment.
Examine OctaFX and freetrade to get a better understanding of the way they compare to each other prior to you decide to create an account. A side-by-side comparison will bring aspects into perspective in order that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between freetrade or OctaFX. Who should you choose?
This freetrade vs OctaFX comparison contains the most recent information so you can easily compare OctaFX against freetrade.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. freetrade and OctaFX are just two such companies which will take you and your investment to great heights. It is crucial that you compare freetrade vs OctaFX before you trust them with your cash.
Our freetrade vs OctaFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and OctaFX side by side.
Our entire freetrade vs OctaFX Review covers everything you will need to know about trading with either freetrade or OctaFX. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
freetrade and OctaFX are both brokers that have found their way successfully to the broker world. In this review, we've tried to collate some of the important aspects of both freetrade and OctaFX. This review can help you to know whether either OctaFX or freetrade is a good fit for your own investments or not. We have tried to breakdown all of the features and fees for your advantage.
Benefits of freetrade and OctaFX Compared
freetrade has a minimum deposit of $0 while OctaFX offers a $5 minimum deposit.
Why smaller minimum deposits are good and how freetrade and OctaFX 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 OctaFX has around 115 financial instruments on their platform.
The more financial instruments you can trade on the freetrade and OctaFX 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 seriously do not want to miss out on a trading opportunity due to the limitations of freetrade or OctaFX.
freetrade and OctaFX Contact Details
Being able to contact your broker simply is a sign of a professional broker. freetrade and OctaFX have the following contact details and social medias that you can use.
|+44 203 488 2539
|68 Hanbury St, London, Greater London E1 5JL, GB
|133 HOUNDSDITCH, London, Greater London EC3A 7BX
|freetrade Twitter Account
|OctaFX Twitter Account
|freetrade Facebook Page
|OctaFX Facebook Page
|freetrade Instagram Account
|OctaFX Instagram Account
|freetrade LinkedIn Page
|OctaFX LinkedIn Page
|freetrade YouTube Channel
|OctaFX YouTube Channel
|Find Out More
OctaFX 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.
This part of comparing freetrade and OctaFX will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
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 OctaFX - Awards
freetrade have won a lot of industry awards over the years they have been operating as an online broker. We detail the most recognised awards for freetrade here.
|At the time of writing this OctaFX review, and despite OctaFX’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
freetrade vs OctaFX - Frequently Asked Questions
freetrade vs OctaFX - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
OctaFX was founded in 2014 and has its headquaters in St. Vincent and the Grenadines.
What is the minimum deposit for OctaFX or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for OctaFX is $5.
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 OctaFX are a good option.
freetrade vs OctaFX - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
OctaFX is regulated by Financial Conduct Authority (FCA).
Both freetrade and OctaFX have a powerful set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs OctaFX Commission And Fees
freetrade and OctaFX are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of penalties for this objective.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you're spending 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 flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those who are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither freetrade or OctaFX charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by freetrade and OctaFX are comparatively lower. As a result, you are charged more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This freetrade vs OctaFX review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And OctaFX
What Languages Do freetrade And OctaFX Support?
Being able to talk easily with your online platform is a key way of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Here you will find the languages that both freetrade and OctaFX support.
How Many Clients Do freetrade and OctaFX Have?
Both freetrade and OctaFX are well established with their client base. It is really important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients freetrade and OctaFX have
|Clients / Users
|Find Out More
What Payment Methods Do freetrade and OctaFX Accept?
freetrade and OctaFX 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 OctaFX
What Can You Trade With freetrade and OctaFX?
freetrade offers 115 trading instruments while OctaFX offers .
Below you will find a full breakdown of what both freetrade and OctaFX offer.
freetrade vs OctaFX:
Table Of Contents
- Compare freetrade vs OctaFX
- Benefits of freetrade and OctaFX Compared
- OctaFX and freetrade Mobile App Comparison
- freetrade vs OctaFX - Awards
- freetrade vs OctaFX - Frequently Asked Questions
- What is the minimum deposit for OctaFX or freetrade
- freetrade vs OctaFX - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And OctaFX
- What Languages Do freetrade And OctaFX Support?
- How Many Clients Do freetrade and OctaFX Have?
- What Payment Methods Do freetrade and OctaFX Accept?
- What Can You Trade With freetrade and OctaFX?