AvaTrade
freetrade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while freetrade was established in 2016 and is based in United Kingdom. AvaTrade holds licences including Central Bank of Ireland, while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. AvaTrade serves 200,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $250 at AvaTrade and $0 at freetrade.
| Feature | AvaTrade | freetrade |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2006 | 2016 |
| Country | The British Virgin Islands | United Kingdom |
| Clients | 200,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Overall, freetrade scores higher on fees in our assessment.
| Feature | AvaTrade | freetrade |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | freetrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and freetrade compare. freetrade runs regular live webinars; AvaTrade does not. Both provide video tutorials. freetrade publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. freetrade maintains an archive of past webinars for on-demand viewing. freetrade scores higher overall in education and research.
| Feature | AvaTrade | freetrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports Skrill among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | freetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | freetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |