freetrade vs Westpac, Updated for 2025
Read our In-Depth freetrade vs Westpac Review - 2025 Update
This comprehensive analysis of freetrade and Westpac has been revised for 2025 from industry experts boasting considerable financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs Westpac 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.
Westpac Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs Westpac
Every trading platforms has some pros and cons, and any comprehensive review of freetrade and Westpac would not be complete without embracing an objective perspective.
Assess Westpac and freetrade in order to understand how these platforms compare against one another before you decide to open an account. Performing a comparative analysis helps to put things in perspective to ensure that you are cognizant of the expectations.
So you are looking for a reputable broker and are choosing between freetrade or Westpac. Who is better in 2025?
This freetrade vs Westpac comparison contains the latest information so you can easily compare Westpac against freetrade.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you need to select the right broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. freetrade and Westpac are two such stages which will take you along with your investment into great heights. It is crucial to compare freetrade vs Westpac until you trust them with your money.
Our freetrade vs Westpac comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and Westpac side by side.
Our entire freetrade vs Westpac Review covers all you will need to know about trading with either freetrade or Westpac. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
freetrade and Westpac are both brokers that have forged their way successfully to the brokerage world. In this review, we've attempted to collate some of the vital facets of both freetrade and Westpac. This review can help you to know whether either Westpac or freetrade is a good match for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Benefits of freetrade and Westpac Compared
freetrade has a minimum deposit of $0 while Westpac offers a $50 minimum deposit.
Why smaller minimum deposits are good and how freetrade and Westpac 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 Westpac has around 115 financial instruments on their platform.
The more financial instruments you can trade on the freetrade and Westpac 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 Westpac.
freetrade and Westpac Contact Details
Being able to contact your broker through many ways is vital. freetrade and Westpac have the following contact details and social medias that you can use.
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Broker | freetrade | Westpac |
Telephone Number | +44 203 488 2539 | |
hello@freetrade.io | ||
Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
freetrade Twitter Account | Westpac Twitter Account | |
freetrade Facebook Page | Westpac Facebook Page | |
freetrade Instagram Account | Westpac Instagram Account | |
freetrade LinkedIn Page | Westpac LinkedIn Page | |
YouTube | freetrade YouTube Channel | Westpac YouTube Channel |
Find Out More |
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Westpac 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.
This part of comparing freetrade and Westpac will examine whether their mobile app meets all our requirements.
We rate overall 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
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 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 Westpac - Awards
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Broker | freetrade | Westpac |
Awards |
freetrade have won numerous industry awards over the time they have been operating as an online trading platform. We show the most recognised awards for freetrade below.
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At the time of writing this Westpac review, and despite Westpac’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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freetrade vs Westpac - Frequently Asked Questions
freetrade vs Westpac - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
Westpac was founded in 2008 and has its head office in Austrailia.
What is the minimum deposit for Westpac or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for Westpac is $50.
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 Westpac are a good choice.
freetrade vs Westpac - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
Westpac is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Both freetrade and Westpac have a powerful collection of rules for ensuring fair trading on their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare freetrade vs Westpac Commission And Fees
freetrade and Westpac are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn 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 fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In such instances, you're spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or Westpac charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, such as weekly or daily trading.
However, non-trading fees billed by freetrade and Westpac are relatively competitive. Consequently, you are charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of resources.
This freetrade vs Westpac review for 2025 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And Westpac
What Languages Do freetrade And Westpac Support?
Being able to chat easily with your trading platform is a key way of comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find the languages that both freetrade and Westpac support.
How Many Clients Do freetrade and Westpac Have?
Both freetrade and Westpac are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple 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 Westpac are active on their platform
What Payment Methods Do freetrade and Westpac Accept?
freetrade and Westpac 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 Westpac
What Can You Trade With freetrade and Westpac?
freetrade offers 115 trading instruments while Westpac offers 255.
Below you will find a full breakdown of what both freetrade and Westpac offer.
freetrade Review
freetrade vs Westpac:
Table Of Contents
- Compare freetrade vs Westpac
- Benefits of freetrade and Westpac Compared
- Westpac and freetrade Mobile App Comparison
- freetrade vs Westpac - Awards
- freetrade vs Westpac - Frequently Asked Questions
- What is the minimum deposit for Westpac or freetrade
- freetrade vs Westpac - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And Westpac
- What Languages Do freetrade And Westpac Support?
- How Many Clients Do freetrade and Westpac Have?
- What Payment Methods Do freetrade and Westpac Accept?
- What Can You Trade With freetrade and Westpac?