freetrade vs XM, 2024 Update
Read our In-Depth freetrade vs XM Review - 2024 Update
This freetrade vs XM review has been updated for 2024 by seasoned professionals with considerable financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs XM 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.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare freetrade vs XM
Each platforms for online trading feature certain ups and downs, so a complete review of freetrade and XM should not be complete without embracing a balanced approach.
Examine XM and freetrade in order to understand just how these platforms stack up with one another before you decide to open an account. A comparative analysis will place factors into perspective so that you are informed about the expectations.
So you are looking for a broker and are choosing between freetrade or XM. Who should you choose?
This freetrade vs XM comparison contains the most recent information so you can easily compare XM against freetrade.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage as you continue trading. For starters, you have to select the ideal agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. freetrade and XM are two such companies that will take you and your investment into great heights. It's crucial that you compare freetrade vs XM until you trust them with your money.
Our freetrade vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and XM side by side.
Our full freetrade vs XM Review covers all you will need to know about trading using either freetrade or XM. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
freetrade and XM are both brokers which have paved their way successfully to the brokerage world. In this review, we have tried to collate a number of the important facets of both freetrade and XM. This review will help you to know whether either XM or freetrade is a good match for your own investments or not. We've tried to breakdown all the qualities and fees for your convenience.
Benefits of freetrade and XM Compared
freetrade has a minimum deposit of $0 while XM offers a $5 minimum deposit.
Why smaller minimum deposits are good and how freetrade and XM 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 while XM has around 115 on their platform.
The more financial instruments you can trade on the freetrade and XM 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 seriously do not want to miss out on a trading opportunity due to the limitations of freetrade or XM.
freetrade and XM Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. freetrade and XM have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539||+357 250 29933|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus|
|freetrade Twitter Account||XM Twitter Account|
|freetrade Facebook Page||XM Facebook Page|
|freetrade Instagram Account||XM Instagram Account|
|freetrade LinkedIn Page||XM LinkedIn Page|
|YouTube||freetrade YouTube Channel||XM YouTube Channel|
|Find Out More||
XM 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 XM will examine whether their mobile app meets all our requirements.
Overall, we rate 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.
Although most brokers do OK in this area, there are some bad apples out there. 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 XM - Awards
freetrade have won many industry awards over the years they have been running as an online broker. We detail the most recognised awards for freetrade here.
XM have won a lot of industry awards over the years they have been running as an online broker. We show the most recognised awards for XM below.
|Find Out More||
freetrade vs XM - Frequently Asked Questions
freetrade vs XM - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or freetrade
The minimum deposit for freetrade is $0.
The minimum deposit for XM is $5.
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 XM are a good choice.
freetrade vs XM - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both freetrade and XM have a strong set of rules for ensuring honest trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare freetrade vs XM Commission And Fees
freetrade and XM are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither freetrade or XM charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees charged by freetrade and XM are relatively competitive. Consequently, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This freetrade vs XM review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And XM
What Languages Do freetrade And XM Support?
Being able to chat easily with your online broker 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 site and inside their application as it is a key factor to success when trading forex.
Here you will find all the languages that both freetrade and XM support.
How Many Clients Do freetrade and XM Have?
Both freetrade and XM are well established with their customer base. It is really important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients freetrade and XM are active on their platform
What Payment Methods Do freetrade and XM Accept?
freetrade and XM 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 XM
What Can You Trade With freetrade and XM?
freetrade offers 115 trading instruments and XM offers 100.
Below you will find a full breakdown of what both freetrade and XM offer.
freetrade vs XM:
Table Of Contents
- Compare freetrade vs XM
- Benefits of freetrade and XM Compared
- XM and freetrade Mobile App Comparison
- freetrade vs XM - Awards
- freetrade vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or freetrade
- freetrade vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And XM
- What Languages Do freetrade And XM Support?
- How Many Clients Do freetrade and XM Have?
- What Payment Methods Do freetrade and XM Accept?
- What Can You Trade With freetrade and XM?