freetrade vs Xtrade, Updated for 2023
Read our In-Depth freetrade vs Xtrade Review - Updated for 2023
This freetrade vs Xtrade 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 Xtrade 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.
Xtrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Xtrade
Every online trading platform has some pros and cons, and no freetrade and Xtrade review would be complete without having a balanced approach. Compare freetrade and Xtrade to understand how they line 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 an online trading platform and are choosing between freetrade or Xtrade. Which one is best in 2023?
This freetrade vs Xtrade comparison contains the most recent information so you can easily compare Xtrade against freetrade.
If you're a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the ideal broker who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. freetrade and Xtrade are two such trading platforms which will take you along with your investment into great heights. It's important to compare freetrade vs Xtrade before you trust them with your money.
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 full freetrade vs Xtrade Review covers everything you need to know about trading with either freetrade or Xtrade. A good broker can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you select them. It's a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
freetrade and Xtrade are both brokers that have found their way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both freetrade and Xtrade. This review will help you to know whether either Xtrade or freetrade is a good match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of freetrade and Xtrade Compared
freetrade offers a minimum deposit of $0 while Xtrade has 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 while Xtrade has around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and Xtrade 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 should never 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 your broker through many ways is vital. freetrade and Xtrade have the following contact details and social medias that you can use.
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| Broker | freetrade | Xtrade |
| 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 average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. 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 Xtrade - Awards
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| Broker | freetrade | Xtrade |
| Awards |
freetrade have won several industry awards over the years they have been running as an online trading platform. We detail the most notable 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 head office 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 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 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 fair trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is never to 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 most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't 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 three different types of penalties for this objective.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations 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 charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, such as weekly or daily trading.
However, non-trading fees charged by freetrade and Xtrade are comparatively competitive. Consequently, you're billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.
This freetrade vs Xtrade review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And Xtrade
What Languages Do freetrade And Xtrade Support?
Being able to communicate completely with your trading platform is a key element when comparing brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Here you will find the languages that both freetrade and Xtrade offer communication in.
How Many Clients Do freetrade and Xtrade Have?
Both freetrade and Xtrade are well established with their customer base. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users 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 whilst Xtrade offers .
Below you will find a full breakdown of what both freetrade and Xtrade offer.
Compare freetrade To All Other Brokers
Compare Xtrade To All Other Brokers