Freetrade does not offer a Demo Account. Freetrade only offers the option to open a real account. With a minimum deposit of $0 it makes it worthwhile to open a standard account with Freetrade and start trading with lower funds.
Freetrade at a Glance
| 🔎 Broker's Name | Freetrade |
| 📍 Headquartered | London |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | Freetrade ONLY accepts traders from United Kingdom, Germany, Sweden, Ireland, Netherlands, France. |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | No leverage offered |
| 💰 Minimum Deposit | No minimum |
| 💳 Deposit Options | Apple Pay, Google Pay, Wire Transfer |
| 💳 Withdrawal Options | Apple Pay, Google Pay, Wire Transfer |
| 💻 Platform Types | Own mobile platform app. |
| 📱 OS Compatibility | Android, iPhone, iPad. |
| 📈 Tradable assets offered | stocks and ETFs |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | Between 6am and Midnight, Monday to Friday |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
4.7/5
Rated #– of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA
Freetrade mobile app
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
Choose your quick section of our Freetrade Demo Account below.
Freetrade Demo account – 8 key points quick overview:
Freetrade at a Glance- Freetrade Demo account – 8 key points quick overview:
- How to set up a Freetrade Demo Account – Step by Step
- Freetrade Demo Account Features
- Freetrade Customer Reviews
- Freetrade Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the Freetrade Demo Account as well as the features that are offered.
How to set up a Freetrade Demo Account – Step by Step
Freetrade does not offer new or current traders the option to open a demo account for practice trading.
Trading can be a very intimidating task for beginners without prior knowledge, skill, or experience in trading and through the provision of a demo account, brokers usually provide a comprehensive and risk-free environment for beginner traders.
With Freetrade fractional shares available for only £2 though, a demo account may not really be required by new traders with this broker since they can start with a little deposit of their own money.
A demo account is often referred to as a practice account due to it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use a demo account to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what a broker has to offer.
Overall Rating
4.7/5
Rated #– of
Recommended FX Brokers
Minimum Deposit USD 0
Regulators FCA
Freetrade mobile app
Yes
📈 Total Pairs
50+
Islamic Account No
Trading Fees Low
24 Hours
Freetrade Demo Account Features
A Demo account serves the purpose of mimicking a live trading environment without traders risking their actual capital. Trading is conducted by using virtual money while simultaneously having access to all the financial instruments as with a live trading account.
Demo accounts allow traders to explore the broker’s offer and the trading platforms that they offer and brokers who do not offer this are at a slight disadvantage when compared to the various other brokers who do offer this along with similar trading conditions.
Freetrade Customer Reviews
Really great way to start investing…
Really great way to start investing even for an old novice like me brilliant 👏
Excellent an easy way to invest….am a…
Excellent easy way to invest….am a pensioner and need easy-to-use apps and Freetrade is a perfect help
Great app for those new to trading
Great app for those new to trading. I can highly recommend it. Join me and invest with Freetrade. Get started with a free share worth between £3 and £200. T&Cs apply. Capital at risk.
Easy-to-use investment app
Easy-to-use investment app, making investing accessible to all, by scrapping the hefty fees charged by traditional brokers. Has quickly become my favorite account to invest with. Super friendly customer service, an evolving app, and an ever-expanding stock universe. Definitely recommend it to anyone looking to start investing or anyone else looking for a more convenient way to manage their current holdings.
Freetrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive trading conditions offered by Freetrade | Debit card only for deposits |
| Free stock and ETF trading provided | Demo account not provided |
| Free withdrawal of funds possible | Limited research tools provided |
| Freetrade fractional shares are available from only £2 | Only one account base currency can be used |
| Great mobile trading platform | Basic product portfolio available |
| Low trading fees charged | |
| No deposit fee charged |
Conclusion
Freetrade does not offer a Demo Account. Freetrade only offers the option to open a real account. With a minimum deposit of $0, it makes it worthwhile to open a standard account with Freetrade and start trading with lower funds.
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Frequently Asked Questions
Can traders from South Africa open a demo account with Freetrade?
No, Freetrade does not have a demo account option, only live trading account options.
Is Freetrade a good option for beginners trading?
It is good for beginner investors and those that have small amounts to invest as there are no administration costs or annual fees.
How long is the demo account valid?
Not applicable to this broker.
Is the Freetrade demo account rigged?
No, Freetrade doesn’t offer a Demo account.
Is the Freetrade demo account the same as a real account?
No, Freetrade does not offer a demo account
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