Are margin rates low at Freetrade as of October 2023?
You cannot trade on margin or use leverage at Freetrade.
I've thoroughly tested Freetrade services with our analyst team by opening a real-money account and these are my most important findings:
- You can only trade using your own funds at Freetrade, margin trading and the use of leverage is not available.
- Margin rates are only applied by brokers that allow margin trading.
- Trading on margin or using leverage means that you borrow funds from your broker to increase your buying power.
- Since margin trading and the use of leverage is not supported by Freetrade, you cannot short sell assets either.
|💰 Deposit fee||$0|
|💳 Deposit methods||Bank transfer, Credit/debit cards, Apple Pay, Google Pay|
|💰 Withdrawal fee||$0|
|💸 Account base currency||GBP|
|💸 Minimum deposit||$0|
|🗺️ Country of regulation||UK|
|🎮 Demo account provided||No|
|📋 Read more||Check out the Freetrade review for 2023|
Data updated on October 23, 2023
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