freetrade vs Direct FX, 2024 Update
Direct FX 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 Direct FX Guide
Read our In-Depth freetrade vs Direct FX Review - Updated for 2024
Our freetrade vs Direct FX review has been refreshed to reflect any changes for 2024 from seasoned professionals boasting years of expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs Direct FX 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.
Direct FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Direct FX
All platforms for online trading has some pros and cons, and a complete review of freetrade and Direct FX would not be complete without having an objective perspective.
Assess Direct FX and freetrade to understand just how these platforms compare to each other before you decide to open an account. A comparative analysis helps to bring aspects 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 Direct FX. Which one is best in 2024?
Our freetrade vs Direct FX comparison contains the latest information so you can easily compare Direct FX against freetrade.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you have to choose the right agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. freetrade and Direct FX are two such platforms which will take you along with your investment into great heights. It's crucial to compare freetrade vs Direct FX until you trust them with your money.
Our freetrade vs Direct FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Direct FX side by side.
Our full freetrade vs Direct FX Review covers everything you will need to know about trading using either freetrade or Direct FX. A fantastic broker can multiply your first investments and give you favorable profits. If you want to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It is a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
freetrade and Direct FX are both brokers which have found their way successfully into the brokerage world. Within this review, we have tried to collate some of the important facets of both freetrade and Direct FX. This review will allow you to understand whether either Direct FX or freetrade is a good match for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of freetrade and Direct FX Compared
freetrade offers a minimum deposit of $0 while Direct FX has a $1 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Direct FX 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 Direct FX has around 115 on their platform.
The more financial instruments you can trade on the freetrade and Direct FX 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 Direct FX.
freetrade and Direct FX Contact Details
Being able to contact an online trading platform easily is vital. freetrade and Direct FX 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||Direct FX Twitter Account|
|freetrade Facebook Page||Direct FX Facebook Page|
|freetrade Instagram Account||Direct FX Instagram Account|
|freetrade LinkedIn Page||Direct FX LinkedIn Page|
|YouTube||freetrade YouTube Channel||Direct FX YouTube Channel|
|Find Out More||
Direct FX 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.
This part of comparing freetrade and Direct FX 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.
While most brokers are good at this, there are some poor ones. 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 Direct FX - Awards
freetrade have won numerous industry awards over the time they have been operating as an online broker. We detail the most recognised awards for freetrade below.
|At the time of writing this Direct FX review, and despite Direct FX’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs Direct FX - Frequently Asked Questions
freetrade vs Direct FX - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
Direct FX was founded in 2006 and has its head office in New Zealand.
What is the minimum deposit for Direct FX or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Direct FX 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 Direct FX are a good option.
freetrade vs Direct FX - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Direct FX is regulated by Unregulated.
Direct FX is unregulated but freetrade has a strong set of rules for ensuring honest trading onto its own platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).
Compare freetrade vs Direct FX Commission And Fees
freetrade and Direct FX are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
However, 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 three different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such cases, you're spending a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither freetrade or Direct FX charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees charged by freetrade and Direct FX are comparatively lower. Consequently, you are billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This freetrade vs Direct FX review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And Direct FX
What Languages Do freetrade And Direct FX Support?
Being able to talk easily with your trading broker is a key element when comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both freetrade and Direct FX offer communication in.
How Many Clients Do freetrade and Direct FX Have?
Both freetrade and Direct FX are well established with their client base. It is important to work with an online broker that is professional 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 users freetrade and Direct FX have
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and Direct FX Accept?
freetrade and Direct FX 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 Direct FX
What Can You Trade With freetrade and Direct FX?
freetrade offers 115 trading instruments and Direct FX offers .
Below you will find a full breakdown of what both freetrade and Direct FX offer.
freetrade vs Direct FX:
Table Of Contents
- Compare freetrade vs Direct FX
- Benefits of freetrade and Direct FX Compared
- Direct FX and freetrade Mobile App Comparison
- freetrade vs Direct FX - Awards
- freetrade vs Direct FX - Frequently Asked Questions
- What is the minimum deposit for Direct FX or freetrade
- freetrade vs Direct FX - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Direct FX
- What Languages Do freetrade And Direct FX Support?
- How Many Clients Do freetrade and Direct FX Have?
- What Payment Methods Do freetrade and Direct FX Accept?
- What Can You Trade With freetrade and Direct FX?