freetrade vs Xtrade, for 2024
Read our In-Depth freetrade vs Xtrade Review - for 2024
This review comparing freetrade and Xtrade has been updated to reflect any changes for 2024 from industry experts with considerable financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs Xtrade 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.
Xtrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Xtrade
All online trading platforms will have certain pros and cons, and any comprehensive freetrade and Xtrade review cannnot be regarded as thorough without adopting an objective perspective.
Assess freetrade and Xtrade to understand just how they stack up with each other prior to you choose to open an account. Conducting a comprehensive comparison can place factors into perspective in order that you are aware of what you should anticipate.
So you are looking for an online trading platform and are choosing between freetrade or Xtrade. Which one is best in 2024?
Our freetrade vs Xtrade comparison contains the most recent information so you can easily compare Xtrade against freetrade.
If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. freetrade and Xtrade are two such companies which will take you along with your investment into great heights. It is important that you compare freetrade vs Xtrade until you trust them with your cash.
Our freetrade vs Xtrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Xtrade side by side.
Our entire freetrade vs Xtrade Review covers everything you will need to learn about trading with either freetrade or Xtrade. A good agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
freetrade and Xtrade are both brokers that have found their way successfully to the brokerage world. Within this review, we have attempted to collate some of the vital aspects of both freetrade and Xtrade. This review will allow you to understand whether either Xtrade 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 Xtrade Compared
freetrade offers a minimum deposit of $0 while Xtrade offers a $1 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Xtrade 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 Xtrade has around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and Xtrade 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 Xtrade.
freetrade and Xtrade Contact Details
Being able to contact a broker simply is important. freetrade and Xtrade have the following contact details and social medias that you can use.
Broker | freetrade | Xtrade |
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Telephone Number | +44 203 488 2539 | |
hello@freetrade.io | ||
Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
freetrade Twitter Account | Xtrade Twitter Account | |
freetrade Facebook Page | Xtrade Facebook Page | |
freetrade Instagram Account | Xtrade Instagram Account | |
freetrade LinkedIn Page | Xtrade LinkedIn Page | |
YouTube | freetrade YouTube Channel | Xtrade YouTube Channel |
Find Out More |
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Xtrade 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 Xtrade will examine whether their mobile app meets all our requirements.
Overall, we rate 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 Xtrade - Awards
Broker | freetrade | Xtrade |
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Awards |
freetrade have won a lot of industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for freetrade here.
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At the time of writing this Xtrade review, and despite Xtrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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freetrade vs Xtrade - Frequently Asked Questions
freetrade vs Xtrade - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
Xtrade was founded in 2003 and has its headquaters in Australia.
What is the minimum deposit for Xtrade or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Xtrade is $1.
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 Xtrade are a good option.
freetrade vs Xtrade - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both freetrade and Xtrade have a strong set of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare freetrade vs Xtrade Commission And Fees
freetrade and Xtrade are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this objective.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, financing speed, or a commission. The sorts of trading charges and the prices 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. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither freetrade or Xtrade charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by freetrade and Xtrade are comparatively higher. Consequently, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This freetrade vs Xtrade review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And Xtrade
What Languages Do freetrade And Xtrade Support?
Being able to chat completely with your trading platform is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both freetrade and Xtrade support.
How Many Clients Do freetrade and Xtrade Have?
Both freetrade and Xtrade are well established with their client base. It is important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many clients freetrade and Xtrade have
What Payment Methods Do freetrade and Xtrade Accept?
freetrade and Xtrade 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 Xtrade
What Can You Trade With freetrade and Xtrade?
freetrade offers 115 trading instruments and Xtrade offers .
Below you will find a full breakdown of what both freetrade and Xtrade offer.
freetrade Review
freetrade vs Xtrade:
Table Of Contents
- Compare freetrade vs Xtrade
- Benefits of freetrade and Xtrade Compared
- Xtrade and freetrade Mobile App Comparison
- freetrade vs Xtrade - Awards
- freetrade vs Xtrade - Frequently Asked Questions
- What is the minimum deposit for Xtrade or freetrade
- freetrade vs Xtrade - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Xtrade
- What Languages Do freetrade And Xtrade Support?
- How Many Clients Do freetrade and Xtrade Have?
- What Payment Methods Do freetrade and Xtrade Accept?
- What Can You Trade With freetrade and Xtrade?