freetrade vs Plus500, for 2023
Read our In-Depth freetrade vs Plus500 Review - for 2023
This freetrade vs Plus500 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 Plus500 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.
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Plus500
Every online trading system will have some ups and downs, and no freetrade and Plus500 review would be complete without having a balanced approach. Compare freetrade and Plus500 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 an online trading platform and are choosing between freetrade or Plus500. Who is better in 2023?
This freetrade vs Plus500 comparison contains the most recent information so you can easily compare Plus500 against freetrade.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you need to select the ideal agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. freetrade and Plus500 are two such companies that will take you along with your investment into great heights. It's important to compare freetrade vs Plus500 until you trust them with your money.
Our freetrade vs Plus500 comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Plus500 side by side.
Our entire freetrade vs Plus500 Review covers all you need to learn about trading with either freetrade or Plus500. A fantastic broker can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you choose them. It's 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 Plus500 are both brokers which have paved their way successfully to the broker world. Within this review, we've tried to collate a number of the vital facets of both freetrade and Plus500. This review will allow you to know whether either Plus500 or freetrade is a good fit for your investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of freetrade and Plus500 Compared
freetrade offers a minimum deposit of $0 while Plus500 offers a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Plus500 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 Plus500 has around 115 on their platform.
The more financial instruments you can trade on the freetrade and Plus500 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 Plus500.
freetrade and Plus500 Contact Details
Being able to contact a broker easily is vital. freetrade and Plus500 have the following contact details and social medias that you can use.
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| Broker | freetrade | Plus500 |
| Telephone Number | +44 203 488 2539 | +972 4-818-9503 |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | Bldg 25 Matam, Haifa, Haifa, Israel |
| freetrade Twitter Account | Plus500 Twitter Account | |
| freetrade Facebook Page | Plus500 Facebook Page | |
| freetrade Instagram Account | Plus500 Instagram Account | |
| freetrade LinkedIn Page | Plus500 LinkedIn Page | |
| YouTube | freetrade YouTube Channel | Plus500 YouTube Channel |
| Find Out More |
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Plus500 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 Plus500 we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
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 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 Plus500 - Awards
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| Broker | freetrade | Plus500 |
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freetrade have won a lot of industry awards over the years they have been operating as an online broker. We list the most notable awards for freetrade here.
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Plus500 have won numerous industry awards over the time they have been operating as a financial broker. We list the most notable awards for Plus500 here.
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| Find Out More |
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freetrade vs Plus500 - Frequently Asked Questions
freetrade vs Plus500 - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
Plus500 was founded in 2008 and has its head office in Israel.
What is the minimum deposit for Plus500 or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Plus500 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 Plus500 are a good choice.
freetrade vs Plus500 - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Both freetrade and Plus500 have a strong set of rules for ensuring honest trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs Plus500 Commission And Fees
freetrade and Plus500 are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily influenced by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither freetrade or Plus500 charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by freetrade and Plus500 are comparatively higher. As a result, you're charged more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This freetrade vs Plus500 review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And Plus500
What Languages Do freetrade And Plus500 Support?
Being able to talk completely with your online broker is a key part of comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading online.
Here you can find all the languages that both freetrade and Plus500 offer communication in.
How Many Clients Do freetrade and Plus500 Have?
Both freetrade and Plus500 are well established with their client base. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients freetrade and Plus500 are working with
What Payment Methods Do freetrade and Plus500 Accept?
freetrade and Plus500 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 Plus500
What Can You Trade With freetrade and Plus500?
freetrade offers 115 trading instruments and Plus500 offers 2,000.
Below you will find a full breakdown of what both freetrade and Plus500 offer.
Compare freetrade To All Other Brokers
Compare Plus500 To All Other Brokers