freetrade
fx private
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while fx private was established in 2020 and is based in USA. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while fx private is regulated by Financial Conduct Authority (FCA) among others. freetrade serves 890,000+ clients worldwide; fx private has 12,000,000+. The minimum deposit is $0 at freetrade and $250 at fx private.
| Feature | freetrade | fx private |
|---|---|---|
| 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-F239 |
| Founded | 2016 | 2020 |
| Country | United Kingdom | USA |
| Clients | 890,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between freetrade and fx private, 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 private). fx private charges withdrawal fees while freetrade does not, giving freetrade an edge for frequent withdrawers. Overall, freetrade scores higher on fees in our assessment.
| Feature | freetrade | fx private |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, while fx private supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which fx private does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | fx private |
|---|---|---|
| MT4 | Yes | No |
| 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 private compare. freetrade runs regular live webinars; fx private does not. Both provide video tutorials. freetrade publishes daily market commentary; fx private 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 | freetrade | fx private |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 private supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | freetrade | fx private |
|---|---|---|
| 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 private 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 private |
|---|---|---|
| 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 |