Forex EE
freetrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while freetrade was established in 2016 and is based in United Kingdom. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. Forex EE serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $100 at Forex EE and $0 at freetrade.
| Feature | Forex EE | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Ministry of Economic Affairs in Estonia | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2008 | 2016 |
| Country | Grenadines | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Forex EE). Forex EE charges withdrawal fees while freetrade does not, a notable advantage for frequent withdrawers. Overall, freetrade scores higher on fees in our assessment.
| Feature | Forex EE | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which Forex EE does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | freetrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 Forex EE and freetrade compare. freetrade runs regular live webinars; Forex EE does not. Both provide video tutorials. freetrade publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | Forex EE | freetrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Forex EE and freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | freetrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |