Are you confused about whether to choose Freedom24 vs XTB as a broker for your investing needs?
In this side-by-side comparison, we analyse Freedom24 vs XTB to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Freedom24 vs XTB: In a Nutshell
New stocks at the IPO price
It offers stocks of new companies at the IPO price, as well as 40,000+ stocks, 1,500+ ETFs, 800,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.
Freedom24 trading platform can be accessed through PC and mobile App versions. They are well-designed but lack customization options. It includes additional features such as “InvestIdeas” and “News”.
All Freedom24 clients have D-accounts – USD and EUR saving accounts that give you interest rates in your parked money (up to 3% per annum).
Commission-free ETFs and CFDs trading
XTB is a well-known online broker listed on the Warsaw Stock Exchange. It has two trading platforms (xStation 5 and xStation Mobile), a diverse range of tradeable instruments, and exceptional customer service.
xStation Mobile is a premier application for charts and technical analysis, with the ability to apply numerous indicators like moving averages and volume. Navigation is simple, with an intuitive order placing for any asset class.
On the negative side, XTB has a limited product portfolio and charges a €10 monthly inactivity fee (after 1+ year with no activity plus no deposit in the last 90 days).
Pros and Cons
Freedom24
Pros
- No fees for the first 30 days
- Early access to new stocks at the IPO price
- Low commissions on stock and ETF trading
- No minimum deposit for general trading
- Demo trading
- USD saving accounts at 3% per annum
- Slick, modern, and easy for anyone to use
- No custody fee
Cons
- Minimum deposit of $2,000 for new stocks at the IPO price
- €7 per withdrawal
- High currency conversion fee
- High costs for stocks bought at the IPO price
XTB
Pros
- Free stocks trading (only applicable to some EU countries)
- Customizable trading platform (charts and workspace)
- Low Forex Spreads
- Demo account
- No minimum account deposit
- Valuable education materials
- Top-tier Regulators
Cons
- Complex trading platform for a beginner
- High Stock CFD fees
- Limited product portfolio
- Withdrawal fees for transfers below $100
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
Freedom24 vs XTB: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
