freetrade vs Robinhood, for 2024
Read our In-Depth freetrade vs Robinhood Review - for 2024
Our comprehensive analysis of freetrade and Robinhood has been revised for 2024 from industry experts with extensive expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs Robinhood 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.
Robinhood Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Robinhood
Every online trading platforms feature some pros and cons, so any comprehensive freetrade and Robinhood review would not be complete without embracing an objective perspective.
Examine Robinhood and freetrade to understand just how they line up with each other before you decide to make an account. A comprehensive comparison helps to place factors in perspective in order that you are cognizant of the expectations.
So you are looking for a professional broker and are choosing between freetrade or Robinhood. Who should you choose?
This freetrade vs Robinhood comparison contains the latest information so you can easily compare Robinhood against freetrade.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to choose the right agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. freetrade and Robinhood are two such trading platforms which will take you and your investment into great heights. It's crucial that you compare freetrade vs Robinhood until you trust them with your money.
Our freetrade vs Robinhood comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Robinhood side by side.
Our entire freetrade vs Robinhood Review covers everything you need to learn about trading using either freetrade or Robinhood. A good agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
freetrade and Robinhood are both brokers that have forged their way successfully into the brokerage world. In this review, we have attempted to collate a number of the important aspects of both freetrade and Robinhood. This review can allow you to understand whether either Robinhood or freetrade is a fantastic fit for your investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of freetrade and Robinhood Compared
freetrade offers a minimum deposit of $0 while Robinhood offers a $0 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Robinhood 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 Robinhood has around 115 financial instruments available.
The more financial instruments you can trade on the freetrade and Robinhood 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 Robinhood.
freetrade and Robinhood Contact Details
Being able to contact your broker through many ways is important. freetrade and Robinhood have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539||+1 650 940 2700|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB||85 WILLOW St, Menlo Park, California 94025, US|
|freetrade Twitter Account||Robinhood Twitter Account|
|freetrade Facebook Page||Robinhood Facebook Page|
|freetrade Instagram Account||Robinhood Instagram Account|
|freetrade LinkedIn Page||Robinhood LinkedIn Page|
|YouTube||freetrade YouTube Channel||Robinhood YouTube Channel|
|Find Out More||
Robinhood 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 Robinhood 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 important that any trading app has user friendly capabilities especially with the
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 Robinhood - Awards
freetrade have won numerous industry awards over the time they have been operating as a financial broker. We list the most recognised awards for freetrade here.
|At the time of writing this Robinhood review, and despite Robinhood’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs Robinhood - Frequently Asked Questions
freetrade vs Robinhood - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
Robinhood was founded in 2013 and has its headquaters in USA.
What is the minimum deposit for Robinhood or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Robinhood is $0.
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 Robinhood are a good choice.
freetrade vs Robinhood - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Both freetrade and Robinhood have a powerful set of rules for ensuring fair trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare freetrade vs Robinhood Commission And Fees
freetrade and Robinhood are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses 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 does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 different types of fees for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you're spending a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither freetrade or Robinhood charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees billed by freetrade and Robinhood are comparatively greater. Consequently, you are billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This freetrade vs Robinhood review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And Robinhood
What Languages Do freetrade And Robinhood Support?
Being able to talk completely with your trading platform is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you can find the languages that both freetrade and Robinhood support.
How Many Clients Do freetrade and Robinhood Have?
Both freetrade and Robinhood are well established with their client base. It is really important to work with an online 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 customers freetrade and Robinhood are working with
What Payment Methods Do freetrade and Robinhood Accept?
freetrade and Robinhood 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 Robinhood
What Can You Trade With freetrade and Robinhood?
freetrade offers 115 trading instruments while Robinhood offers 5000.
Below you will find a full breakdown of what both freetrade and Robinhood offer.
freetrade vs Robinhood:
Table Of Contents
- Compare freetrade vs Robinhood
- Benefits of freetrade and Robinhood Compared
- Robinhood and freetrade Mobile App Comparison
- freetrade vs Robinhood - Awards
- freetrade vs Robinhood - Frequently Asked Questions
- What is the minimum deposit for Robinhood or freetrade
- freetrade vs Robinhood - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Robinhood
- What Languages Do freetrade And Robinhood Support?
- How Many Clients Do freetrade and Robinhood Have?
- What Payment Methods Do freetrade and Robinhood Accept?
- What Can You Trade With freetrade and Robinhood?