Freetrade Review 2025

Freetrade review
Freetrade Awards

Freetrade have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Freetrade below.

• Best For Share Traders - Boring Money - 2024
• Best Online Trading Platform Winner - British Bank Awards - 2024

Freetrade review
Freetrade Fees Explained

• Freetrade doesn't charge withdrawal fees.
• Freetrade does not charge a fee for inactive accounts.
• Freetrade doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Freetrade are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Freetrade Costs To Check

Modern brokers like Freetrade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Freetrade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Freetrade trading profitability.

How Freetrade Fees Compare Against Other Brokers

Freetrade Minimum Deposit

Freetrade requires a minimum deposit of 50 GBP/USD/EUR when opening an Freetrade trading account.

A minimum deposit is the minimum amount of money required by Freetrade to open a new online brokerage account with them.

Don't be scared off by brokers like Freetrade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Freetrade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Freetrade Withdrawal Fees

Freetrade doesn't charge withdrawal fees.

Freetrade Withdrawal rules may vary across different brokers when it comes to transferring funds from your Freetrade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Freetrade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Freetrade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Freetrade. Researching and comparing Freetrade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Freetrade funds frequently or dealing with large sums of money. Awareness of these Freetrade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Freetrade funds.

For example, Freetrade allows you to withdraw your funds to Bank Transfer, Credit Cards, Debit Cards, VISA, MasterCard, Apple Pay, Google Pay.

Freetrade Inactivity Fees

Freetrade does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Freetrade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Freetrade fees and services. It's recommended that you check the Freetrade website before signing up. If you decide to close your Freetrade account, it's important to do so with the Freetrade broker customer support and obtain confirmation that no remaining Freetrade fees are due.

Brokers like Freetrade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Freetrade Deposit Fees

Freetrade does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Freetrade Commission Fees

Freetrade does charge commission on CFD instruments.

Brokerage firms like Freetrade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Freetrade trading account level held by the trader.

Freetrade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Freetrade terms and conditions to understand the commission fees and any other charges that may apply is essential.

Freetrade review
Trading on Freetrade web platforms and other applications

Freetrade provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Freetrade also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Freetrade's platforms

Is the Freetrade Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Freetrade trading platform to protect you on PC and mobile Freetrade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Freetrade web trading platforms.

Freetrade Trading Platform Options

Freetrade does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Freetrade offers its custom trading platform developed and tested in-house. The Freetrade trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Freetrade platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Freetrade, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Freetrade platform, including news and quotes. Discover possible trades with the strong charting tools found with Freetrade. Freetrade is available as downloadable applications or online through the cloud. Monitor your orders with Freetrade and receive breaking news in your positions.

Freetrade Trading benefits

• Freetrade Low min deposit
• Freetrade Offers Negative Balance Protection

Freetrade Trading Accounts Offered

Below we give an overview of the account types that Freetrade offer. Whatever you are looking to trade, the varying Freetrade account types will be able to provide you with what you need.

• Freetrade Demo account
• Freetrade Standard account

Can I try Freetrade?

Freetrade provides a demo account that enables individuals to explore trading before investing their funds. By creating a Freetrade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Freetrade demo account can help individuals to make informed decisions before investing their money.

Open a demo Freetrade account to practice and trade.

Your capital is at risk

Freetrade withdrawal and funding methods

It's essential to remember that the payment methods provided by Freetrade vary based on the Freetrade entity and the Freetrade client's country of residence. To view the Freetrade payment options available, you can log into your Freetrade member's area.

Freetrade offers various funding payment methods listed in your Freetrade dashboard if available in your region. To learn more about the Freetrade funding and withdrawal options available in your area, you can explore the Freetrade website.

Freetrade provides several payment methods for funding your Freetrade account. You may utilize any of these deposit options if they are available in your region. Freetrade ensures that users have multiple payment methods to choose from, making it more convenient for verified Freetrade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Freetrade user's location. learn more about Freetrade funding and withdrawal methods.

Freetrade Payment Methods

Some Freetrade payment methods are local and are available only to specific regions. Freetrade account holders should check which payment methods are provided in your region.

• Freetrade accepts Bank Transfer
• Freetrade accepts Credit Cards
• Freetrade accepts Debit Cards
• Freetrade accepts VISA
• Freetrade accepts MasterCard
• Freetrade accepts Apple Pay
• Freetrade accepts Google Pay

How can I start trading with Freetrade?

To open a trading account with Freetrade, individuals can sign up on the Freetrade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Freetrade account validation and making a deposit. Once completed, Freetrade users can download the trading platform of their choice.

It's important to note that Freetrade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Freetrade maintain a trustworthy financial environment for its 1,000,000 users. Detailed information on the Freetrade trading platforms is available on their website.

Your capital is at risk

Performing trades with Freetrade

When using Freetrade, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Freetrade have a max trade of varies.

Freetrade, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like Freetrade can be useful for traders starting or with limited capital.

Like other brokers, Freetrade margin requirements can differ depending on the traded instrument.

CFD Trading on Freetrade

We will show you an example of the basics of using Freetrade leverage.

CFD trading on Freetrade allows traders to speculate on the price movements of various financial instruments against the broker Freetrade, without actually owning real assets. With CFDs, Freetrade traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Freetrade provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Freetrade leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Freetrade trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Freetrade leverage magnifies both profits and losses in trading.

Trading CFD trades on the Freetrade platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Freetrade traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with Freetrade Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like Freetrade. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Freetrade trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Freetrade trading losses are always limited to the current balance of funds in the trader's account.

Even if an Freetrade trader experiences a significant loss, they will never owe more money than what is available in their Freetrade account balance.

It's important for Freetrade traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Freetrade losses are limited to the funds available in your Freetrade account when negative balance protection is in place.

Education Resources at Freetrade

Freetrade offer educational resources which include Help Center Articles. Please bear in mind that these resources provided by Freetrade do not guarantee any results when trading. When we checked on the Freetrade website, these educational resources were not available in every language. Also some financial instruments mentioned in any Freetrade educational resources may not be available in your region.

To trade effectively with Freetrade, it's important to have a good understanding of the Freetrade trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Freetrade and externally.

Freetrade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Freetrade. Familiarizing yourself with the Freetrade trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Freetrade. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Freetrade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Freetrade, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Freetrade. Explore the Freetrade platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Freetrade, before live trading.

Customer Support at Freetrade

As part of our Freetrade review, we review customer service options, response times and problem resolution effectiveness on the Freetrade trading platform. The Freetrade trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Freetrade Available Support Types

Based on our experience, we have given Freetrade a D grade for customer support. We encountered some slow response times or Freetrade queries that were left unanswered.

Compared to other brokers, Freetrade offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

Livechat Support at Freetrade

Freetrade does not offer LiveChat Support.

Email Support at Freetrade

Freetrade does not offer Email Support.

Phone Support at Freetrade

Freetrade does not offer Phone Support.

See how Freetrade Support Compares Against Other Brokers

What you will need to open an account with Freetrade

As Freetrade is regulated by FCA (Financial Conduct Authority) (783189).

As a new client of Freetrade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Freetrade in your region. During the Freetrade account opening process, you will be asked to provide Freetrade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Freetrade have the following documents available.

• Freetrade require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Freetrade compliance. This must be dated within the last six months.
• If you plan to fund your Freetrade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Freetrade platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Freetrade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Freetrade's platform.

However, remember that you won't be able to make trades on Freetrade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Freetrade KYC compliance process as soon as possible to avoid any delays in accessing the Freetrade platform's features.

It is important to note that Freetrade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Freetrade platform and features immediately. However, you must pass the verification process to start live trading with Freetrade, which can take up to a few business days.

To start the process of opening an account with Freetrade you can visit the Freetrade trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://freetrade.io/ on December 19, 2024.

Watch this Freetrade Explainer Video

Freetrade review written by Andrew Blumer and Mark Hansen