freetrade
fx next
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while fx next was established in 2018 and is based in Dubai. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while fx next is regulated by Financial Conduct Authority (FCA) among others. freetrade serves 890,000+ clients worldwide; fx next has 10,000+. The minimum deposit is $0 at freetrade and $250 at fx next.
| Feature | freetrade | fx next |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F237 |
| Founded | 2016 | 2018 |
| Country | United Kingdom | Dubai |
| Clients | 890,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between freetrade and fx next, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fx next). fx next charges withdrawal fees while freetrade does not, giving freetrade an edge for frequent withdrawers. fx next applies inactivity fees on dormant accounts; freetrade does not. fx next charges deposit fees; freetrade does not. Overall, freetrade scores higher on fees in our assessment.
| Feature | freetrade | fx next |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, while fx next supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which fx next does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | fx next |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 freetrade and fx next compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | freetrade | fx next |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. freetrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while fx next supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | freetrade | fx next |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | 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 freetrade and fx next offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | freetrade | fx next |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |