freetrade vs ThinkMarkets, 2023 Update
Read our In-Depth freetrade vs ThinkMarkets Review - 2023 Update
This freetrade vs ThinkMarkets 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 ThinkMarkets 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.
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Compare freetrade vs ThinkMarkets
Every online trading platform has some ups and downs, and no freetrade and ThinkMarkets review would be complete without showing both sides. Compare freetrade and ThinkMarkets to understand how they stack 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 a reputable broker and are choosing between freetrade or ThinkMarkets. Who should you choose?
Our freetrade vs ThinkMarkets comparison contains the latest information so you can easily compare ThinkMarkets against freetrade.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all of the concepts of broker as you keep trading. For starters, you need to choose the right broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. freetrade and ThinkMarkets are just two such companies that will take you along with your investment into great heights. It is important to compare freetrade vs ThinkMarkets before you trust them with your money.
Our freetrade vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and ThinkMarkets side by side.
Our entire freetrade vs ThinkMarkets Review covers all you need to learn about trading using either freetrade or ThinkMarkets. A good broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It is a frequent misconception that all agents are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
freetrade and ThinkMarkets are both brokers that have found their way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of both freetrade and ThinkMarkets. This review can allow you to know whether either ThinkMarkets or freetrade is a fantastic match for your investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of freetrade and ThinkMarkets Compared
freetrade has a minimum deposit of $0 while ThinkMarkets offers a $0 minimum deposit.
Why smaller minimum deposits are good and how freetrade and ThinkMarkets 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 allows you to trade around 115 financial instruments while ThinkMarkets has around 115 financial instruments available.
The more financial instruments you can trade on the freetrade and ThinkMarkets 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 never want to miss out on a trading opportunity due to the limitations of freetrade or ThinkMarkets.
freetrade and ThinkMarkets Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. freetrade and ThinkMarkets have the following contact details and social medias that you can use.
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| Broker | freetrade | ThinkMarkets |
| Telephone Number | +44 203 488 2539 | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 |
| hello@freetrade.io | support@thinkmarkets.com | |
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom |
| freetrade Twitter Account | ThinkMarkets Twitter Account | |
| freetrade Facebook Page | ThinkMarkets Facebook Page | |
| freetrade Instagram Account | ThinkMarkets Instagram Account | |
| freetrade LinkedIn Page | ThinkMarkets LinkedIn Page | |
| YouTube | freetrade YouTube Channel | ThinkMarkets YouTube Channel |
| Find Out More |
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ThinkMarkets 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 ThinkMarkets 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 average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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 ThinkMarkets - Awards
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| Broker | freetrade | ThinkMarkets |
| Awards |
freetrade have won numerous industry awards over the time they have been running as an online broker. We detail the most notable awards for freetrade here.
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ThinkMarkets have won a lot of industry awards over the time they have been operating as a financial broker. We list the most notable awards for ThinkMarkets below.
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freetrade vs ThinkMarkets - Frequently Asked Questions
freetrade vs ThinkMarkets - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
What is the minimum deposit for ThinkMarkets or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for ThinkMarkets is $0.
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 ThinkMarkets are a good choice.
freetrade vs ThinkMarkets - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Both freetrade and ThinkMarkets have a strong set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs ThinkMarkets Commission And Fees
freetrade and ThinkMarkets are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three different types of penalties for this objective.
The first sort of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or ThinkMarkets charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees charged by freetrade and ThinkMarkets are comparatively greater. Consequently, you are charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of assets.
This freetrade vs ThinkMarkets review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And ThinkMarkets
What Languages Do freetrade And ThinkMarkets Support?
Being able to communicate completely with your trading platform is a key way of comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.
Here you will find the languages that both freetrade and ThinkMarkets support.
How Many Clients Do freetrade and ThinkMarkets Have?
Both freetrade and ThinkMarkets are well established with their customer base. It is really important to work with a broker that is professional 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 ThinkMarkets are working with
What Payment Methods Do freetrade and ThinkMarkets Accept?
freetrade and ThinkMarkets 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 ThinkMarkets
What Can You Trade With freetrade and ThinkMarkets?
freetrade offers 115 trading instruments while ThinkMarkets offers 3500.
Below you will find a full breakdown of what both freetrade and ThinkMarkets offer.
Compare freetrade To All Other Brokers
Compare ThinkMarkets To All Other Brokers