freetrade vs OctaFX, 2024 Update
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 OctaFX Guide
Read our In-Depth freetrade vs OctaFX Review - 2024 Update
Our comprehensive analysis of freetrade and OctaFX has been refreshed for 2024 by seasoned professionals with extensive expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs OctaFX 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.
OctaFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs OctaFX
Each online trading platforms will have some advantages and disadvantages, so a complete analysis of freetrade vs OctaFX should not be regarded as thorough without embracing a balanced approach.
Compare freetrade and OctaFX to get a better understanding of the way they compare with each prior to you create an account. A comprehensive comparison helps to put things into perspective to ensure that you remain aware of what you should anticipate.
So you are looking for an online trading platform and are choosing between freetrade or OctaFX. Which one is best in 2024?
Our freetrade vs OctaFX comparison contains the most recent information so you can easily compare OctaFX against freetrade.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will get adept at all the concepts of broker as you continue trading. For starters, you have to choose the ideal broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. freetrade and OctaFX are just two such companies which will take you and your investment to great heights. It's crucial that you compare freetrade vs OctaFX until you trust them with your money.
Our freetrade vs OctaFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and OctaFX side by side.
Our entire freetrade vs OctaFX Review covers all you will need to learn about trading with either freetrade or OctaFX. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to ensure 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, initially, can set your investments at risk.
freetrade and OctaFX are both brokers that have paved their way successfully into the broker world. Within this review, we have tried to collate some of the important aspects of both freetrade and OctaFX. This review will allow you to know whether either OctaFX or freetrade is a fantastic match for your own investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Benefits of freetrade and OctaFX Compared
freetrade has a minimum deposit of $0 while OctaFX has a $5 minimum deposit.
Why smaller minimum deposits are good and how freetrade and OctaFX 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 OctaFX has around 115 available.
The more financial instruments you can trade on the freetrade and OctaFX 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 never want to miss out on a trading opportunity due to the limitations of freetrade or OctaFX.
freetrade and OctaFX Contact Details
Being able to contact a broker simply is important. freetrade and OctaFX 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||133 HOUNDSDITCH, London, Greater London EC3A 7BX|
|freetrade Twitter Account||OctaFX Twitter Account|
|freetrade Facebook Page||OctaFX Facebook Page|
|freetrade Instagram Account||OctaFX Instagram Account|
|freetrade LinkedIn Page||OctaFX LinkedIn Page|
|YouTube||freetrade YouTube Channel||OctaFX YouTube Channel|
|Find Out More||
OctaFX 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 OctaFX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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 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 OctaFX - Awards
freetrade have won numerous industry awards over the time they have been operating as an online broker. We list the most recognised awards for freetrade here.
|At the time of writing this OctaFX review, and despite OctaFX’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs OctaFX - Frequently Asked Questions
freetrade vs OctaFX - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
OctaFX was founded in 2014 and has its head office in St. Vincent and the Grenadines.
What is the minimum deposit for OctaFX or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for OctaFX is $5.
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 OctaFX are a good choice.
freetrade vs OctaFX - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
OctaFX is regulated by Financial Conduct Authority (FCA).
Both freetrade and OctaFX have a strong collection of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs OctaFX Commission And Fees
freetrade and OctaFX are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you're paying a spread, funding speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or OctaFX charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, such as weekly or daily trading.
However, non-trading fees billed by freetrade and OctaFX are comparatively lower. As a result, you are billed more for non-trading activities on your trading account, like withdrawal and deposits. These are not about the sale and purchase of resources.
This freetrade vs OctaFX review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And OctaFX
What Languages Do freetrade And OctaFX Support?
Being able to communicate completely with your trading platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you will find all the languages that both freetrade and OctaFX offer communication in.
How Many Clients Do freetrade and OctaFX Have?
Both freetrade and OctaFX are well established with their client base. It is really important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users freetrade and OctaFX are working with
|Clients / Users||890,000+||30,000+|
|Find Out More||
What Payment Methods Do freetrade and OctaFX Accept?
freetrade and OctaFX 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 OctaFX
What Can You Trade With freetrade and OctaFX?
freetrade offers 115 trading instruments whilst OctaFX offers .
Below you will find a full breakdown of what both freetrade and OctaFX offer.
freetrade vs OctaFX:
Table Of Contents
- Compare freetrade vs OctaFX
- Benefits of freetrade and OctaFX Compared
- OctaFX and freetrade Mobile App Comparison
- freetrade vs OctaFX - Awards
- freetrade vs OctaFX - Frequently Asked Questions
- What is the minimum deposit for OctaFX or freetrade
- freetrade vs OctaFX - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And OctaFX
- What Languages Do freetrade And OctaFX Support?
- How Many Clients Do freetrade and OctaFX Have?
- What Payment Methods Do freetrade and OctaFX Accept?
- What Can You Trade With freetrade and OctaFX?