freetrade vs ThinkMarkets, Who's The Best?
Read our In-Depth freetrade vs ThinkMarkets Review - Updated for 2024
Our freetrade vs ThinkMarkets review has been refreshed for 2024 by industry experts with years of expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs ThinkMarkets 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
Each platforms for online trading has a few pros and cons, and any comprehensive freetrade and ThinkMarkets review should not be complete without embracing a balanced approach.
Examine ThinkMarkets and freetrade in order to understand how these platforms compare to one another prior to you decide to open an account. Conducting a side-by-side comparison can place factors in perspective to ensure that you're informed about the expectations.
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 most recent information so you can easily compare ThinkMarkets against freetrade.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you have to select the ideal agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. freetrade and ThinkMarkets are two such stages which will take you and 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 will need to learn about trading with either freetrade or ThinkMarkets. A fantastic agent can multiply your initial investments and provide you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
freetrade and ThinkMarkets are both brokers that have paved their way successfully to the broker world. In this review, we have attempted to collate some of the vital facets of both freetrade and ThinkMarkets. This review can allow you to understand whether either ThinkMarkets or freetrade is a fantastic fit for your investments or not. We've tried to breakdown all the qualities and fees for your advantage.
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 whilst ThinkMarkets allows you to trade around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and ThinkMarkets 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 ThinkMarkets.
freetrade and ThinkMarkets Contact Details
Being able to contact your broker through many ways is vital. freetrade and ThinkMarkets have the following contact details and social medias that you can use.
Broker | freetrade | ThinkMarkets |
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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 |
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ThinkMarkets 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.
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 the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 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
Broker | freetrade | ThinkMarkets |
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Awards |
freetrade have won many industry awards over the years they have been running as an online trading platform. We list the most recognised awards for freetrade below.
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ThinkMarkets have won numerous industry awards over the years they have been running as an online broker. We detail the most notable awards for ThinkMarkets below.
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Find Out More |
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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 headquaters 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 circumstances, 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 option.
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 on their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare freetrade vs ThinkMarkets Commission And Fees
freetrade and ThinkMarkets are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the amount 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 mainly 3 types of fees for this purpose.
The first sort of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither freetrade or ThinkMarkets charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by freetrade and ThinkMarkets are relatively lower. As a result, you are billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This freetrade vs ThinkMarkets review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And ThinkMarkets
What Languages Do freetrade And ThinkMarkets Support?
Being able to chat easily with your online platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website 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 ThinkMarkets offer communication in.
How Many Clients Do freetrade and ThinkMarkets Have?
Both freetrade and ThinkMarkets are well established with their client base. It is important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users 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 and ThinkMarkets offers 3500.
Below you will find a full breakdown of what both freetrade and ThinkMarkets offer.
freetrade Review
freetrade vs ThinkMarkets:
Table Of Contents
- Compare freetrade vs ThinkMarkets
- Benefits of freetrade and ThinkMarkets Compared
- ThinkMarkets and freetrade Mobile App Comparison
- freetrade vs ThinkMarkets - Awards
- freetrade vs ThinkMarkets - Frequently Asked Questions
- What is the minimum deposit for ThinkMarkets or freetrade
- freetrade vs ThinkMarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And ThinkMarkets
- What Languages Do freetrade And ThinkMarkets Support?
- How Many Clients Do freetrade and ThinkMarkets Have?
- What Payment Methods Do freetrade and ThinkMarkets Accept?
- What Can You Trade With freetrade and ThinkMarkets?