Etrade
FreshForex
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Overview
Etrade was founded in 2012 and is headquartered in United States, while FreshForex was established in 2004 and is based in Russia. Etrade holds licences including Securities and Exchange Commission (SEC), while FreshForex is regulated by SVGFSA 20623 IBC 2012 among others. Etrade serves 10,000+ clients worldwide; FreshForex has 710,000+. The minimum deposit is $100 at Etrade and $1 at FreshForex.
| Feature | Etrade | FreshForex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | SVGFSA 20623 IBC 2012 |
| Founded | 2012 | 2004 |
| Country | United States | Russia |
| Clients | 10,000+ | 710,000+ |
Fees
Fees are a critical factor when choosing between Etrade and FreshForex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Etrade). Neither broker charges withdrawal fees. Overall, FreshForex scores higher on fees in our assessment.
| Feature | Etrade | FreshForex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Etrade offers MT4, MT5, cTrader, while FreshForex supports MT4, MT5, a proprietary platform. Etrade offers a mobile trading app; mobile availability for FreshForex is limited. Both brokers support copy or social trading, catering to less hands-on investors. Etrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Etrade | FreshForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, MT5, Windows, MAC, Linux |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Etrade and FreshForex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Etrade integrates third-party research tools (Trading Central); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FreshForex scores higher overall in education and research.
| Feature | Etrade | FreshForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Etrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FreshForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | Etrade | FreshForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Etrade and FreshForex offer live chat support. Both provide phone support. Email support is available at both brokers. Etrade supports 2 languages and FreshForex supports 1, giving Etrade broader global reach. Both brokers are comparable on support quality.
| Feature | Etrade | FreshForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |