Freetrade vs Spreadex compared

Freetrade
Spreadex
64% of retail CFD accounts lose money

Freetrade

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score0.0/5.0
  • Markets and products score3.0/5.0
  • Trading platform combined score3.4/5.0
Good to know
Recommended for
  • beginners 4.44/5
  • equity 4.74/5
You can't open an account at Freetrade

Spreadex

Key score differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score2.1/5.0
  • Markets and products score1.7/5.0
  • Trading platform combined score4.5/5.0
Good to know
Recommended for
  • forex 3.84/5
You can't open an account at Spreadex
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Best ISA broker

Overall Score
4.4

Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options

Country of origin

UK

Country of origin

UK

Fees

Fees score
4.5
Fees score
4.3
Fees summary

Low trading and non-trading fees, low stock and ETF fees

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.0
Deposit and withdrawal score
4.3
Number of base currencies

1

Number of base currencies

3

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents
*

Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill

*
Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
-
Web platform score
4.5
Mobile platform score
4.7
Mobile platform score
4.5
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
3.0
Markets and products score
1.7
Stocks
Stocks
Fractional shares
*
*
Fractional shares
ETFs
ETFs
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
0.0
Research score
2.1
Charting quality

Poor

Charting quality

Mid-range

Education score
3.0
Education score
1.3
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000

Investor protection amount

£85,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2016

Foundation date

1999

Country of regulation

UK

Country of regulation

UK

Freetrade

For detailed information and hands-on experience, read our review of this broker.

Spreadex

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Freetrade's service is on par with Spreadex's and a comparison of their fees shows that Freetrade's fees are similar to Spreadex's.

Account opening takes somewhat less effort at Freetrade compared to Spreadex, deposit and withdrawal processes are about the same quality at Freetrade, while customer service quality is similar to Spreadex's.

Our experts rated the trading platform of Freetrade as somewhat worse than the platform of Spreadex, found that clients have access to more markets and products with Freetrade, while Spreadex provides better research and education.

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