freetrade vs UFX, 2023 Update
The value of investments can go up as well as down and you may receive back less than your original investment.
Your capital is at risk
freetrade vs UFX Guide
Read our In-Depth freetrade vs UFX Review - Updated for 2023
This freetrade vs UFX 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 UFX 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.
UFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs UFX
Every online trading platform has some ups and downs, and no freetrade and UFX review would be complete without having a balanced approach. Compare freetrade and UFX to understand how they stack up against each other before you create 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 professional broker and are choosing between freetrade or UFX. Who should you choose?
This freetrade vs UFX comparison contains the latest information so you can easily compare UFX against freetrade.
If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who'll be transparent with you constantly.
In this fast-paced universe 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 UFX are just two such trading platforms that will take you along with your investment to great heights. It's crucial that you compare freetrade vs UFX before you trust them with your cash.
Our freetrade vs UFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and UFX side by side.
Our entire freetrade vs UFX Review covers everything you need to learn about trading with either freetrade or UFX. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It's 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 UFX are both brokers that have paved their way successfully to the brokerage world. Within this review, we have tried to collate some of the important aspects of both freetrade and UFX. This review can help you to understand whether either UFX or freetrade is a good match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of freetrade and UFX Compared
freetrade has a minimum deposit of $0 while UFX has a $500 minimum deposit.
Why smaller minimum deposits are good and how freetrade and UFX 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 UFX allows you to trade around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and UFX 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 seriously do not want to miss out on a trading opportunity due to the limitations of freetrade or UFX.
freetrade and UFX Contact Details
Being able to contact your broker simply is important. freetrade and UFX have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB|
|freetrade Twitter Account||UFX Twitter Account|
|freetrade Facebook Page||UFX Facebook Page|
|freetrade Instagram Account||UFX Instagram Account|
|freetrade LinkedIn Page||UFX LinkedIn Page|
|YouTube||freetrade YouTube Channel||UFX YouTube Channel|
|Find Out More||
UFX 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 UFX 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 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 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 UFX - Awards
freetrade have won a lot of industry awards over the years they have been running as a financial broker. We list the most recognised awards for freetrade here.
|At the time of writing this UFX review, and despite UFX’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs UFX - Frequently Asked Questions
freetrade vs UFX - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
UFX was founded in 2007 and has its head office in Republic of Vanuatu.
What is the minimum deposit for UFX or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for UFX is $500.
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 UFX are a good option.
freetrade vs UFX - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both freetrade and UFX have a powerful collection of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs UFX Commission And Fees
freetrade and UFX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this doesn't necessarily 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 primarily three types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or UFX charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees billed by freetrade and UFX are comparatively greater. Consequently, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of resources.
This freetrade vs UFX review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And UFX
What Languages Do freetrade And UFX Support?
Being able to communicate easily with your trading broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to ensure you 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 UFX support.
How Many Clients Do freetrade and UFX Have?
Both freetrade and UFX are well established with their client base. It is important to work with an online 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 customers freetrade and UFX have
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and UFX Accept?
freetrade and UFX 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 UFX
What Can You Trade With freetrade and UFX?
freetrade offers 115 trading instruments while UFX offers 100.
Below you will find a full breakdown of what both freetrade and UFX offer.
Compare freetrade To All Other Brokers
Compare UFX To All Other Brokers
freetrade vs UFX:
Table Of Contents
- Compare freetrade vs UFX
- Benefits of freetrade and UFX Compared
- UFX and freetrade Mobile App Comparison
- freetrade vs UFX - Awards
- freetrade vs UFX - Frequently Asked Questions
- What is the minimum deposit for UFX or freetrade
- freetrade vs UFX - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And UFX
- What Languages Do freetrade And UFX Support?
- How Many Clients Do freetrade and UFX Have?
- What Payment Methods Do freetrade and UFX Accept?
- What Can You Trade With freetrade and UFX?