freetrade
FXCM
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while FXCM was established in 1999 and is based in United States. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while FXCM is regulated by Financial Conduct Authority (FCA) among others. freetrade serves 890,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $0 at freetrade and $1 at FXCM.
| Feature | freetrade | FXCM |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Financial Conduct Authority (FCA) |
| Founded | 2016 | 1999 |
| Country | United Kingdom | United States |
| Clients | 890,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between freetrade and FXCM, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $1 at FXCM). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | freetrade | FXCM |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which FXCM does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | FXCM |
|---|---|---|
| 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, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how freetrade and FXCM 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 | FXCM |
|---|---|---|
| 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 FXCM supports 2 (bank transfer, credit/debit card). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | freetrade | FXCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both freetrade and FXCM offer live chat support. Both provide phone support. Email support is available at both brokers. freetrade supports 8 languages and FXCM supports 2, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | freetrade | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |