Freetrade Rated 3/5

Freetrade Guide - Read our In Depth 2023 Freetrade Review

This detailed Freetrade review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Share Dealing.

Learn more about Freetrade.

Benefits of Trading with Freetrade

Freetrade Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 5
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Freetrade users and traders
๐Ÿ“† Founded 2008
๐ŸŒ HQ UK
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries Freetrade is not available in the following countries :

Open Freetrade's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Freetrade?

Freetrade are a worldwide financial trading platform and broker. founded in 2008

Over 15 years later Freetrade now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, and Share Dealing trading.

Freetrade are a global broker. Freetrade have a head office in UK.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Freetrade review and assess how well the Freetrade platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Freetrade. Choosing or shortlisting a trading platform like Freetrade can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Freetrade.

As a result, selecting the right trading platform like Freetrade requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Freetrade available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Freetrade requires thorough due diligence and careful consideration. Some Freetrade trading features can be complex when trading on mobile or using the Freetrade online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Freetrade trading tools properly. In our review of Freetrade we explain the pros and cons. What Freetrade offer, countries Freetrade are available in. Who Freetrade are regulated by and more.

Freetrade Review Screenshot

When it comes to online trading with brokers like Freetrade, carefully review Freetrade as your broker can make or break your success. Choosing the right broker is essential to ensure your Freetrade investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Freetrade review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Freetrade. You must also ensure the Freetrade broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Freetrade needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Freetrade into easily digestible information in this Freetrade review. We want to ensure you have all the knowledge necessary to use the Freetrade trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Freetrade are the key to successful trading, so we've provided this detailed Freetrade review. So, take a seat, grab a cup of coffee, and dive in to learn about Freetrade and how it can benefit you or if Freetrade is not for you.

Online investing with Freetrade can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Freetrade, evaluating the Freetrade platform is important. Evaluation includes researching the Freetrade management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Freetrade. That's why it's essential to understand the Freetrade company policies and practices before making any investment decisions. By doing your due diligence and understanding Freetrade platform, you can make informed investment choices that align with your financial goals. So take the time to research Freetrade thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Freetrade review you need to determine if Freetrade is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Freetrade, so you can make a more informed decision and compare other brokers against Freetrade.

If you want to look at some Freetrade alternatives that might better fit your needs, we list and compare some of the best Freetrade alternatives further down this Freetrade review.

Don't be fooled by the misconception that online trading is easy with Freetrade. It can be challenging and requires significant research and understanding of the Freetrade trading tools and features. You must know what you are doing when trading with Freetrade. That's why we've compiled this detailed Freetrade review with some important information that will hopefully make you more informed when online trading with Freetrade.

Freetrade Review Table of Contents

Freetrade review
Freetrade is a Multi-Assets Trading Platform with over 115+ Assets

Learn more about Freetrade. Freetrade is a multi asset platform with 115+ tradable Assets. Assets available on Freetrade include Forex trading, CFD trading, Spread Betting, Share Dealing.

Freetrade trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Share Dealing are considered financial assets.

Features of Freetrade

Freetrade review
What you should know

Freetrade offer four ways to trade: Forex trading, CFD trading, Spread Betting, Share Dealing. The assets and products available to you on the Freetrade trading platform depends on the region of the world, you are in and the Freetrade entity you have an account.

With Freetrade you will need a minimum deposit of $5. You can sign up for a demo account to acquaint yourself with Freetrade platform.

Freetrade are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Freetrade safe?

When considering Freetrade for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Freetrade, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 15 years Freetrade have a head office in UK.

Freetrade is regulated. This means Freetrade are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Freetrade withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Freetrade are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Freetrade are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Freetrade and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Freetrade has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Freetrade will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Freetrade, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Freetrade violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Freetrade?

All payments made to Freetrade by traders are securely held in a segregated bank account.

Freetrade uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Freetrade use them?

Freetrade partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Freetrade clients' funds.

Freetrade clients can have greater confidence in their financial security when working with a Tier 1 bank because Freetrade are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Freetrade deposited in a Tier 1 bank?

Depositing funds with Freetrade ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Freetrade were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Freetrade is a secure and safe platform.

Please be aware that trading in financial assets with Freetrade carries a risk of loss. Freetrade trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Freetrade emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Freetrade, let's closely examine its features.

To better understand the Freetrade trading platform, you can create two separate accounts - one with real money and the other a Freetrade demo account. A Freetrade demo account provides a risk-free environment for experimenting with the Freetrade platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Freetrade trading decisions.

Open a demo account Visit Freetrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Freetrade as a Company Compare Against Other Brokers

Broker freetrade IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office UK Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Freetrade users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Freetrade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

Freetrade review
Freetrade Pros and Cons

What we like about Freetrade

  • Used by over 10,000 Freetrade users and traders
  • Established in 2008
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $5

What we don't like about Freetrade

Freetrade review
Freetrade Regulation and Licensing in more detail

Freetrade is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Freetrade going into insolvency. Freetrade compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Freetrade to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Freetrade traders.

Freetrade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Freetrade you should be sure they're legitimate online agent.

Is Freetrade Global?

Yes, Freetrade is global as Freetrade is available in over 194 countries.

Freetrade is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Freetrade covers include the UK, Germany, South Africa, Thailand, China and Australia. Freetrade has a total of more than 10,000 users.

Freetrade review
Freetrade Fees Explained

  • Freetrade withdrawal fees varies on payment method
  • Freetrade does charge a fee for inactive accounts.
  • Freetrade does charge deposit fees.

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

Broker freetrade IC Markets Roboforex eToro
Min Deposit 5 200 10 50
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

Freetrade Minimum Deposit

Freetrade requires a minimum deposit of 5 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

The fees for withdrawing funds from your Freetrade account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Freetrade withdrawal request is important.

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, Electronic wallets (eWallets).

Freetrade Inactivity Fees

Freetrade does 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 do charge deposit fees.

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
What can you trade with Freetrade?

It's essential to note that the trading instruments offered under the Freetrade brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Freetrade trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Freetrade over 115 instruments in fact.

If you want to trade currency pairs on global Forex markets, Freetrade offer over currency pairs.

Freetrade Compared To Other Brokers

Compare Freetrade with IC Markets and Roboforex below.

Your capital is at risk

How Freetrade Trading Options Compare Against Other Brokers

Broker freetrade IC Markets Roboforex eToro
Instruments Available 115 2250 100 5000
Platforms MT4,WEB,desktop MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Freetrade
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

Freetrade review
Trading on Freetrade web platforms and other applications

Freetrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

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

After logging into your Freetrade account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that Freetrade does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Freetrade does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Freetrade gives you.

Freetrade review
Freetrade MetaTrader 4 (MT4)

Freetrade MetaTrader 4

Freetrade MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Freetrade offers traders comprehensive features and tools to enhance their trading performance. The Freetrade MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Freetrade platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Freetrade traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Freetrade traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Freetrade trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Freetrade MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Freetrade, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Freetrade MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Freetrade allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Freetrade in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Freetrade MetaTrader 4 is compatible with the latest macOS. Freetrade allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Freetrade

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Freetrade MetaTrader 4 on iOS Devices

You can download the Freetrade app or trade with Freetrade through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Freetrade customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Freetrade MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Freetrade offers its clients access to the MetaTrader 4 platform on these devices. With the Freetrade MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Freetrade traders to stay on top of their trades and react quickly to changes in the market. With the Freetrade MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Freetrade MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Freetrade are a powerful bundle of three major indicators designed to help traders make informed decisions. Freetrade MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Freetrade traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Freetrade traders to potentially stay one step ahead.

Freetrade MetaTrader 4 Advanced Trading Tools

The Freetrade MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Freetrade traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Freetrade provides traders with everything they need to succeed. The Freetrade MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Freetrade traders to analyze the market at any level of complexity.

Trade Freetrade MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Freetrade MetaTrader 4 AutoChartist

Autochartist on the Freetrade platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Freetrade MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, Freetrade traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Freetrade users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Freetrade traders can navigate the platform and find the information they need to make informed trading decisions.

Freetrade Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Freetrade traders of all experience levels.

Freetrade Trading benefits

  • Freetrade Low min deposit

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 Electronic wallets (eWallets)
Broker freetrade IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Freetrade and other broker payment methods depend on the clients country of residence.

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 10,000 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

Education Resources at Freetrade

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

Broker freetrade IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Freetrade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Freetrade

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

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 September 19, 2023.

Is Freetrade A Good Broker?

We have spent over 5 years examining Freetrade in depth. Although we found some very useful aspects of the Freetrade platform that would be useful to some traders. We feel that a alternative to Freetrade may better suit you.

  • Freetrade have a good track record of offering Forex trading, CFD trading, Spread Betting, Share Dealing.
  • Freetrade has a history of over 15 years.
  • Freetrade has a reasonable sized customer support of at least 10.
  • Freetrade are regulated by the Financial Conduct Authority (FCA). Freetrade is subject to strict regulatory oversight from its respective jurisdiction, which holds Freetrade (the broker) accountable for misconduct. This regulatory framework helps ensure that Freetrade operates fairly and transparently and provides Freetrade customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Freetrade.
  • Freetrade have regulation from reputable regulators.
  • One of the advantages of using Freetrade is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Freetrade are particularly important as Freetrade traders want to receive their money quickly. With the efficient Freetrade payment processing system, traders can enjoy faster access to their Freetrade funds.
  • Freetrade have an international presence in multiple countries. Including local Freetrade seminars and training.
  • Freetrade can hire people from various locations in the world who can better communicate in your local language.

Freetrade Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Freetrade not quite right?

If after reading this Freetrade review, Freetrade does not fulfill your needs check out these Freetrade Alternatives.

Click here to view the best Freetrade Alternatives

We have spent years researching the best alternatives to Freetrade. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Freetrade alternatives available today. If you are unsatisfied with Freetrade or want to explore other options, we recommend checking out our carefully curated list of highly-rated Freetrade alternatives. Follow the links below to learn more about these Freetrade broker alternatives and choose the one that best suits your trading needs.

Related Freetrade Vs Comparisons

Throughout our comprehensive Freetrade review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Freetrade against other popular brokers in the industry, check out our Freetrade Vs pages. Our team has compiled a series of detailed Freetrade comparison articles, pitting the Freetrade platform against some of the best-rated Freetrade competitors in the market. Dive into our informative Freetrade Vs pages below to find out how Freetrade stacks up against other leading brokers.

Freetrade review
FREETRADE Frequently Asked Questions

Read our detailed Freetrade FAQ Section updated for 2023.

Can I try Freetrade?

Freetrade offer a demo account so you can try the Freetrade platform with virtual trading before you put down a payment. Virtual trading with Freetrade is zero risk. Learn more here

What funding methods do Freetrade accept?

Please note that the list of payment methods below depends on the Freetrade Entity and the client's Country of Residence.

Freetrade offer the following funding payment methods Bank Transfer, Electronic wallets (eWallets), among other payment methods.
Learn more here

Your capital is at risk

Is Freetrade safe?

Freetrade have over 10,000 users. Freetrade are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Freetrade accounts by traders are held in a segregated bank account. For added security,Freetrade use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Freetrade is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is Freetrade trading good?

Freetrade is considered good and reputable to trade with Freetrade. Freetrade is used by over 10,000 traders and Freetrade users. Freetrade offers Forex trading, CFD trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with Freetrade is 5.

Is Freetrade trading Legit?

Freetrade was founded in UK in 2008. Freetrade has been facilitating trade on the financial markets for over 15 years. Freetrade offers clients Forex trading, CFD trading, Spread Betting trading, and Share Dealing trading. All funds deposited to Freetrade are held in segregated bank accounts for security. Freetrade is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Freetrade a good broker?

Freetrade allows Forex trading, CFD trading, Spread Betting trading, and Share Dealing trading. Freetrade is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.

Is Freetrade trustworthy broker?

Freetrade is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Freetrade, money is in a segregated bank account that is separate from Freetrade company's funds. As a regulated broker, Freetrade cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Freetrade. Instead, your Freetrade funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Freetrade. Also Freetrade is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA).

What is the minimum deposit for Freetrade?

The minimum deposit to trade with Freetrade is 5.

How long do Freetrade withdrawals take?

Withdrawing money from Freetrade processing time varies depending on the method but averages 1-5 days.

Is Freetrade regulated?

Freetrade is regulated by the Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Freetrade maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Freetrade a market maker?

Freetrade is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with Freetrade?

When opening a trading account with Freetrade, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Freetrade trading platforms, you can follow the link provided below: Learn more about signing up with the Freetrade trading platform here. This will provide useful information and insights into the various trading platforms offered by Freetrade, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Freetrade?

Yes your money is safe with Freetrade.

Overall, strict financial regulation is essential for ensuring that trading platforms like Freetrade operate fairly, transparently, and responsibly, which ultimately benefits all Freetrade stakeholders involved.

Trading platforms like Freetrade must have strict financial regulation for several reasons:

  • Protecting Freetrade Investors: Strict financial regulation ensures that investors who use the Freetrade trading platform are protected against fraudulent or unethical behavior by the Freetrade platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Freetrade platform.
  • Maintaining Freetrade Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Freetrade trading platform. Regulatory procedures reduce the likelihood of the Freetrade platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Freetrade Transparency: Regulations require trading platforms like Freetrade to maintain detailed records and disclose Freetrade client information. Financial regulatory requirements enhances transparency and helps to build trust between the Freetrade platform and its investors.

Freetrade is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as Freetrade, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Freetrade ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Freetrade.

Is Freetrade a con?

Freetrade is regulated and well established, having been in business for over 15 years. Freetrade is not a con.

Can you make money with Freetrade?

Although traders have had great success with Freetrade, trading on the financial markets with Freetrade is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Freetrade have fees?

Freetrade withdrawal fees vary on payment method.Freetrade does charge a fee for inactive accounts. Freetrade do charge deposit fees.

When was Freetrade founded?

Freetrade was founded in 2008.

How many people use Freetrade?

Freetrade is used by over 10,000 registered Freetrade users.

What is Freetrade Headquarters country?

Freetrade has its head quarters office in UK .

Does Freetrade offer negative balance protection?

Freetrade does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Freetrade offer guaranteed stop loss?

Freetrade does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Freetrade allow scalping?

Freetrade does not offer scalping.

Does Freetrade allow hedging?

Freetrade does not offer hedging.

Does Freetrade offer CFD trading?

Freetrade offers CFD trading.

Does Freetrade offer STP?

Freetrade does not offer STP trading.

How many people use Freetrade?

Freetrade is used by over 10000 Freetrade users and traders.

Is Freetrade an ECN broker?

Freetrade does not offer ECN trading.

Does Freetrade offer a demo account?

Freetrade offers a demo account.

Does Freetrade offer an Islamic account?

Freetrade does not offer Islamic accounts.

What are the funding methods for Freetrade?

Please note that funding methods and options available with Freetrade can be found in the Freetrade Members area and depend on the Freetrade clientโ€™s country of residence. Please check your specific available payment methods on the Freetrade website. Freetrade accept the following funding methods : Bank Transfer, Electronic wallets (eWallets).

Freetrade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Freetrade brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Freetrade review written by Mark Hansen of Comparebrokers.co