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Freetrade vs GoFX

Freetrade or GoFX – which is better for UK traders 2024? Compare Freetrade and GoFX in this detailed breakdown of their platforms, features and fees.

Freetrade vs GoFX Comparison Table 2024
Freetrade	GoFX

3.5	3.4
Freetrade is ranked #60 among UK brokers.	GoFX is ranked #50 among CFD brokers.
Review	Review
Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.	GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.
Pros
FCA-regulated brand with FSCS cover for investors Thousands of US and UK stocks and hundreds of ETFs to choose from Very competitive pricing vs competitors with low fees and zero commissions Earn interest on uninvested cash with competitive rates Transfer/move ISAs from other accounts News and blog feed updated regularly Built-in customer support via live chat Fast revenue withdrawals Dividends on stocks	Multi-asset trading 24/7 customer service Demo account with easy sign-up Very high leverage up to 1:3000 Micro lot trading for those on a budget Bonus incentives and loyalty program MetaTrader 4 platform and mobile app Low minimum deposit of just $1
Cons
Competitors have larger selection of assets Trading platform lacks deep analytical tools Less suitable for active, high-volume traders Many countries not accepted No leveraged trading No demo account	No additional tools or trading features No proprietary trading platform or mobile app Weak regulatory oversight No copy trading
Awards
Best Online Trading Platform 2020 - British Bank Awards Best Share Trading Platform 2019 - British Bank Awards People’s Choice 2019 - Good Money Guide Best New Investment Service 2019 - Consumer Investment Awards	Fastest Growing Broker 2021 - Forex Awards
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
Stocks, ETFs	Forex, Cryptos, CFDs on Stocks, Indices & Commodities
Demo Account
No	Yes
Minimum Deposit
$0	$1
Payment Methods
Apple Pay Wire Transfer	Credit Cards Debit Card Wire Transfer
Minimum Trade
£2	0.01 Lots
Regulator
FCA	FSA
Mobile Apps
Yes	iOS & Android
iOS App Rating
4.3
Android App Rating
4.3
Margin Trading
No	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes (via MT4)
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD
Commodities
	Gold Silver Oil
CFD
	Trade CFDs on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:3000. Swap-free trading is available, and all account types trade with competitive spreads and are commission-free except the Go Pro account, which charges a $7 round-turn commission.
Leverage
	1:3000
FTSE Spread
	0.01
GBPUSD Spread<
	0.00001
Oil Spread
	0.01
Stocks Spread
	Variable
Forex
	Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading.
Assets
	28
GBPUSD Spread
	0.00001
EURUSD Spread
	0.00001
EURGBP Spread
	0.00001
Cryptocurrency
	Trade tight-spread CFDs on BTC, LTC, ETH, DOGE, ADA and XRP paired with USD. This may be too small a range to satisfy many crypto traders, but it is a comparable offering to similar brokers.
Spread
	0.0001
Coins
	BTC ADA ETH LTC DOG XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Freetrade	GoFX
Review	Review
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