freetrade vs XM, Who's The Best?
Read our In-Depth freetrade vs XM Review - for 2024
Our comprehensive analysis of freetrade and XM has been refreshed to reflect any changes for 2024 by knowledgeable insiders with significant expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs XM 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.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare freetrade vs XM
Each platforms for online trading will have a few advantages and disadvantages, so any comprehensive review of freetrade and XM should not be complete without embracing an objective perspective.
Compare freetrade and XM in order to understand just how they stack up against each prior to you open an account. Performing a comprehensive comparison can bring aspects into perspective in order that you remain informed about what to expect.
So you are looking for a broker and are choosing between freetrade or XM. Who should you choose?
This freetrade vs XM comparison contains the most recent information so you can easily compare XM 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 area of trading demands expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the right agent who'll 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 plan has the potential to create hefty returns. freetrade and XM are just two such trading platforms that will take you and your investment into great heights. It's crucial that you compare freetrade vs XM until you trust them with your money.
Our freetrade vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and XM side by side.
Our full freetrade vs XM Review covers all you will need to know about trading using either freetrade or XM. 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 brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
freetrade and XM are both brokers that have found their way successfully to the brokerage world. Within this review, we've tried to collate some of the vital facets of both freetrade and XM. This review will help you to understand whether either XM or freetrade is a good match for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Benefits of freetrade and XM Compared
freetrade offers a minimum deposit of $0 while XM offers a $5 minimum deposit.
Why smaller minimum deposits are good and how freetrade and XM 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 whilst XM allows you to trade around 115 financial instruments available.
The more instruments you can trade on the freetrade and XM 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 XM.
freetrade and XM Contact Details
Being able to contact your broker through many ways is vital. freetrade and XM have the following contact details and social medias that you can use.
|+44 203 488 2539
|+357 250 29933
|68 Hanbury St, London, Greater London E1 5JL, GB
|12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
|freetrade Twitter Account
|XM Twitter Account
|freetrade Facebook Page
|XM Facebook Page
|freetrade Instagram Account
|XM Instagram Account
|freetrade LinkedIn Page
|XM LinkedIn Page
|freetrade YouTube Channel
|XM YouTube Channel
|Find Out More
XM 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.
This part of comparing freetrade and XM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the 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. 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 XM - Awards
freetrade have won a lot of industry awards over the time they have been running as an online trading platform. We detail the most notable awards for freetrade here.
XM have won several industry awards over the time they have been operating as an online trading platform. We detail the most recognised awards for XM below.
|Find Out More
freetrade vs XM - Frequently Asked Questions
freetrade vs XM - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for XM is $5.
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 XM are a good option.
freetrade vs XM - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both freetrade and XM have a strong collection of rules for ensuring fair trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare freetrade vs XM Commission And Fees
freetrade and XM are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the amount 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 make money. There are primarily 3 different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such cases, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people that are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither freetrade or XM charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by freetrade and XM are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This freetrade vs XM review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And XM
What Languages Do freetrade And XM Support?
Being able to talk easily with your trading platform is a key element when comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you will find all the languages that both freetrade and XM support.
How Many Clients Do freetrade and XM Have?
Both freetrade and XM are well established with their customer base. It is really important to work with an online broker you can trust and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many clients freetrade and XM are working with
What Payment Methods Do freetrade and XM Accept?
freetrade and XM 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 XM
What Can You Trade With freetrade and XM?
freetrade offers 115 trading instruments and XM offers 100.
Below you will find a full breakdown of what both freetrade and XM offer.
freetrade vs XM:
Table Of Contents
- Compare freetrade vs XM
- Benefits of freetrade and XM Compared
- XM and freetrade Mobile App Comparison
- freetrade vs XM - Awards
- freetrade vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or freetrade
- freetrade vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And XM
- What Languages Do freetrade And XM Support?
- How Many Clients Do freetrade and XM Have?
- What Payment Methods Do freetrade and XM Accept?
- What Can You Trade With freetrade and XM?