freetrade
Interactive Investor
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while Interactive Investor was established in 1995 and is based in UK. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while Interactive Investor is regulated by Financial Conduct Authority (FCA) among others. freetrade serves 890,000+ clients worldwide; Interactive Investor has 10,000+. The minimum deposit is $0 at freetrade and $1 at Interactive Investor.
| Feature | freetrade | Interactive Investor |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Financial Conduct Authority (FCA) |
| Founded | 2016 | 1995 |
| Country | United Kingdom | UK |
| Clients | 890,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between freetrade and Interactive Investor, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Interactive Investor). Neither broker charges withdrawal fees. Interactive Investor applies inactivity fees on dormant accounts; freetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | freetrade | Interactive Investor |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, while Interactive Investor supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | Interactive Investor |
|---|---|---|
| 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 | Web Trader, ProTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how freetrade and Interactive Investor compare. freetrade runs regular live webinars; Interactive Investor does not. Both provide video tutorials. freetrade publishes daily market commentary; Interactive Investor 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 | Interactive Investor |
|---|---|---|
| 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 Interactive Investor 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 | Interactive Investor |
|---|---|---|
| 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 Interactive Investor offer live chat support. Both provide phone support. Email support is available at both brokers. freetrade supports 8 languages and Interactive Investor supports 2, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | freetrade | Interactive Investor |
|---|---|---|
| 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 |