Freetrade or 4xCube – which is better for UK traders 2024? Compare Freetrade and 4xCube in this detailed breakdown of their platforms, features and fees.
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.
4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.
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
Industry-leading MetaTrader 4 and MetaTrader 5 platforms are available
Wide selection of payment methods including bank cards
Commission-free trading with spreads from 0.1 pips
Fast trade execution through liquidity providers
Good trading courses and guides for beginners
Welcome bonuses and trading promotions
Large trading community on Discord
Hokocloud copy trading tool
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
The broker is not regulated by a trusted authority
High fees for some payment methods
US clients are not accepted
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
Trade CFDs on forex, indices, metals, oil and cryptocurrencies with high leverage up to 1:500 and competitive spreads, with the choice between zero commission or raw spreads.
Leverage
1:400
FTSE Spread
1.3
GBPUSD Spread<
1.1
Oil Spread
0.08
Stocks Spread
Variable
Forex
4xCube offers 60+ currency pairs with competitive trading conditions. We like that all trading strategies are permitted including scalping and hedging.
Assets
50+
GBPUSD Spread
1.1
EURUSD Spread
0.7
EURGBP Spread
0.9
Cryptocurrency
Trade five crypto CFDs with BTC, BCH, ETH, LTC and XRP paired with USD and leverage available up to 1:20. Digital currencies can be traded around the clock, including on weekends.