freetrade vs CMC Markets, 2024 Update
CMC Markets Rating
The value of investments can go up as well as down and you may receive back less than your original investment.
Losses can exceed deposits
freetrade vs CMC Markets Guide
Read our In-Depth freetrade vs CMC Markets Review - Updated for 2024
Our comprehensive analysis of freetrade and CMC Markets has been revised to reflect any changes for 2024 from seasoned professionals boasting significant financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs CMC Markets 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.
CMC Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs CMC Markets
Each platforms for online trading will have some ups and downs, and a complete review of freetrade and CMC Markets cannnot be regarded as thorough without embracing a balanced approach.
Examine CMC Markets and freetrade to get a better understanding of the way these platforms compare against each other prior to you choose to open an account. Conducting a comparative analysis will put things in perspective so that you're aware of what to expect.
So you are looking for a professional broker and are choosing between freetrade or CMC Markets. Who should you choose?
Our freetrade vs CMC Markets comparison contains the most recent information so you can easily compare CMC Markets against freetrade.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. freetrade and CMC Markets are two such platforms which will take you and your investment to great heights. It is important to compare freetrade vs CMC Markets before you trust them with your money.
Our freetrade vs CMC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and CMC Markets side by side.
Our full freetrade vs CMC Markets Review covers all you need to learn about trading using either freetrade or CMC Markets. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
freetrade and CMC Markets are both brokers which have paved their way successfully to the broker world. In this review, we have attempted to collate some of the important aspects of both freetrade and CMC Markets. This review can help you to understand whether either CMC Markets or freetrade is a good fit for your own investments or not. We have tried to breakdown all of the features and fees for your advantage.
Benefits of freetrade and CMC Markets Compared
freetrade has a minimum deposit of $0 while CMC Markets offers a $200 minimum deposit.
Why smaller minimum deposits are good and how freetrade and CMC Markets 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 CMC Markets has around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade and CMC Markets 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 CMC Markets.
freetrade and CMC Markets Contact Details
Being able to contact an online trading platform easily is important. freetrade and CMC Markets 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||CMC Markets Twitter Account|
|freetrade Facebook Page||CMC Markets Facebook Page|
|freetrade Instagram Account||CMC Markets Instagram Account|
|freetrade LinkedIn Page||CMC Markets LinkedIn Page|
|YouTube||freetrade YouTube Channel||CMC Markets YouTube Channel|
|Find Out More||
CMC Markets 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.
In this part of our comparison of freetrade and CMC Markets 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.
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 CMC Markets - Awards
freetrade have won numerous industry awards over the time they have been running as an online trading platform. We detail the most notable awards for freetrade below.
|At the time of writing this CMC Markets review, and despite CMC Markets’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs CMC Markets - Frequently Asked Questions
freetrade vs CMC Markets - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
CMC Markets was founded in 1989 and has its head office in UK.
What is the minimum deposit for CMC Markets or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for CMC Markets is $200.
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 CMC Markets are a good option.
freetrade vs CMC Markets - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
CMC Markets is regulated by Financial Conduct Authority (FCA).
Both freetrade and CMC Markets have a powerful set of rules for ensuring honest trading onto their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs CMC Markets Commission And Fees
freetrade and CMC Markets are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not 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 mainly 3 different types of penalties for this purpose.
The first sort of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you are paying a spread, financing speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people that are billed when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They're billed for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither freetrade or CMC Markets charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees billed by freetrade and CMC Markets are comparatively competitive. As a result, you're charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This freetrade vs CMC Markets review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And CMC Markets
What Languages Do freetrade And CMC Markets Support?
Being able to talk completely with your trading broker is a key way of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find the languages that both freetrade and CMC Markets offer communication in.
How Many Clients Do freetrade and CMC Markets Have?
Both freetrade and CMC Markets are well established with their customer base. It is 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 clients freetrade and CMC Markets have
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and CMC Markets Accept?
freetrade and CMC Markets 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 CMC Markets
What Can You Trade With freetrade and CMC Markets?
freetrade offers 115 trading instruments whilst CMC Markets offers 100.
Below you will find a full breakdown of what both freetrade and CMC Markets offer.
freetrade vs CMC Markets:
Table Of Contents
- Compare freetrade vs CMC Markets
- Benefits of freetrade and CMC Markets Compared
- CMC Markets and freetrade Mobile App Comparison
- freetrade vs CMC Markets - Awards
- freetrade vs CMC Markets - Frequently Asked Questions
- What is the minimum deposit for CMC Markets or freetrade
- freetrade vs CMC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And CMC Markets
- What Languages Do freetrade And CMC Markets Support?
- How Many Clients Do freetrade and CMC Markets Have?
- What Payment Methods Do freetrade and CMC Markets Accept?
- What Can You Trade With freetrade and CMC Markets?