freetrade vs selftrade, Updated for 2023
Read our In-Depth freetrade vs selftrade Review - Updated for 2023
This freetrade vs selftrade 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 selftrade 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.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs selftrade
Every online trading system has some pros and cons, and no freetrade and selftrade review would be complete without having a balanced approach. Compare freetrade and selftrade to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between freetrade or selftrade. Which one is best in 2023?
Our freetrade vs selftrade comparison contains the latest information so you can easily compare selftrade against freetrade.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you need to select the right agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. freetrade and selftrade are two such stages which will take you along with your investment to great heights. It's crucial that you compare freetrade vs selftrade before you trust them with your money.
Our freetrade vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and selftrade side by side.
Our full freetrade vs selftrade Review covers everything you need to know about trading using either freetrade or selftrade. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you select them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
freetrade and selftrade are both brokers that have found their way successfully to the brokerage world. In this review, we have attempted to collate some of the important facets of both freetrade and selftrade. This review can help you to understand whether either selftrade or freetrade is a good fit for your own investments or not. We have tried to breakdown all of the qualities and charges for your advantage.
Benefits of freetrade and selftrade Compared
freetrade has a minimum deposit of $0 while selftrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how freetrade and selftrade 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 selftrade has around 115 on their platform.
The more instruments you can trade on the freetrade and selftrade 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 selftrade.
freetrade and selftrade Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. freetrade and selftrade have the following contact details and social medias that you can use.
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| Broker | freetrade | selftrade |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | selftrade Twitter Account | |
| freetrade Facebook Page | selftrade Facebook Page | |
| freetrade Instagram Account | selftrade Instagram Account | |
| freetrade LinkedIn Page | selftrade LinkedIn Page | |
| YouTube | freetrade YouTube Channel | selftrade YouTube Channel |
| Find Out More |
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selftrade 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.
In this part of our comparison of freetrade and selftrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 selftrade - Awards
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| Broker | freetrade | selftrade |
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freetrade have won numerous industry awards over the years they have been operating as an online broker. We show the most recognised awards for freetrade below.
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At the time of writing this selftrade review, and despite selftrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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freetrade vs selftrade - Frequently Asked Questions
freetrade vs selftrade - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
selftrade was founded in 2013 and has its headquaters in Australia.
What is the minimum deposit for selftrade or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for selftrade is $250.
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 selftrade are a good option.
freetrade vs selftrade - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
selftrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304.
Both freetrade and selftrade have a strong set of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs selftrade Commission And Fees
freetrade and selftrade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this doesn't necessarily 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 primarily three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, funding rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither freetrade or selftrade charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees billed by freetrade and selftrade are relatively higher. Consequently, you are charged more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This freetrade vs selftrade review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And selftrade
What Languages Do freetrade And selftrade Support?
Being able to chat completely with your trading platform is a key part of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you will find all the languages that both freetrade and selftrade offer communication in.
How Many Clients Do freetrade and selftrade Have?
Both freetrade and selftrade are well known and trusted. It is really important to work with a broker you can trust and one of the most simple 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 selftrade are active on their platform
What Payment Methods Do freetrade and selftrade Accept?
freetrade and selftrade 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 selftrade
What Can You Trade With freetrade and selftrade?
freetrade offers 115 trading instruments while selftrade offers 187.
Below you will find a full breakdown of what both freetrade and selftrade offer.
Compare freetrade To All Other Brokers
Compare selftrade To All Other Brokers