freetrade vs speedtrader, 2023 Update
Read our In-Depth freetrade vs speedtrader Review - Updated for 2023
This freetrade vs speedtrader 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 speedtrader 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.
speedtrader Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs speedtrader
Every online trading platform has a few ups and downs, and no freetrade and speedtrader review would be complete without showing both sides. Compare freetrade and speedtrader to understand how they line up against each other before you create 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 reputable broker and are choosing between freetrade or speedtrader. Who is better in 2023?
Our freetrade vs speedtrader comparison contains the most recent information so you can easily compare speedtrader against freetrade.
If you're a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you need to select the right broker who will be clear with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to create hefty returns. freetrade and speedtrader are just two such stages which will take you along with your investment to great heights. It is important that you compare freetrade vs speedtrader until you trust them with your money.
Our freetrade vs speedtrader comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and speedtrader side by side.
Our full freetrade vs speedtrader Review covers everything you need to know about trading using either freetrade or speedtrader. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It is a common misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
freetrade and speedtrader are both brokers that have forged their way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital facets of both freetrade and speedtrader. This review will allow you to know whether either speedtrader or freetrade is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Benefits of freetrade and speedtrader Compared
freetrade offers a minimum deposit of $0 while speedtrader offers a $250 minimum deposit.
Why smaller minimum deposits are good and how freetrade and speedtrader 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 whilst speedtrader has around 115 available.
The more financial instruments you can trade on the freetrade and speedtrader 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 speedtrader.
freetrade and speedtrader Contact Details
Being able to contact your broker simply is a sign of a professional broker. freetrade and speedtrader have the following contact details and social medias that you can use.
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| Broker | freetrade | speedtrader |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | speedtrader Twitter Account | |
| freetrade Facebook Page | speedtrader Facebook Page | |
| freetrade Instagram Account | speedtrader Instagram Account | |
| freetrade LinkedIn Page | speedtrader LinkedIn Page | |
| YouTube | freetrade YouTube Channel | speedtrader YouTube Channel |
| Find Out More |
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speedtrader 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 speedtrader will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the 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 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 speedtrader - Awards
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| Broker | freetrade | speedtrader |
| Awards |
freetrade have won numerous industry awards over the time they have been running as an online broker. We detail the most recognised awards for freetrade here.
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At the time of writing this speedtrader review, and despite speedtrader’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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freetrade vs speedtrader - Frequently Asked Questions
freetrade vs speedtrader - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
speedtrader was founded in 2017 and has its head office in Netherlands.
What is the minimum deposit for speedtrader or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for speedtrader is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both freetrade and speedtrader are a good choice.
freetrade vs speedtrader - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
speedtrader 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-F308.
Both freetrade and speedtrader have a strong set of rules for ensuring fair trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs speedtrader Commission And Fees
freetrade and speedtrader are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither freetrade or speedtrader charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees charged by freetrade and speedtrader are relatively higher. As a result, you're billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of resources.
This freetrade vs speedtrader review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And speedtrader
What Languages Do freetrade And speedtrader Support?
Being able to talk completely with your trading broker is a key way of comparing online brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both freetrade and speedtrader support.
How Many Clients Do freetrade and speedtrader Have?
Both freetrade and speedtrader are well established with their customer base. It is really important to work with a broker that is professional 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 clients freetrade and speedtrader have
What Payment Methods Do freetrade and speedtrader Accept?
freetrade and speedtrader 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 speedtrader
What Can You Trade With freetrade and speedtrader?
freetrade offers 115 trading instruments whilst speedtrader offers 191.
Below you will find a full breakdown of what both freetrade and speedtrader offer.
Compare freetrade To All Other Brokers
Compare speedtrader To All Other Brokers