Freetrade vs Global Prime : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Freetrade

Global Prime

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

Market maker broker

Years of Existence / Established Year

2016

2010

Customer Base / Number of Accounts

1.5 M

No information

Regulation & Security

Regulations (governing bodies)

FCA

ASIC and VFSC

Awards Won (count for the last 2 years)

Best Online trading platform 2024

No major awards listed

Security Measures

Yes

No compensation scheme

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

6200+ U.S Treasury Bills, Investment trust

150+ Financial assets

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Futures

Bonds

Yes

Mutual Funds

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Yes

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Freetrade web and mobile trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

General investment account, Stocks and shares ISA, Personal pension account

Standard and Raw account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

Leverage Available

100:1

1:5 to 1:500

Trade Limit (maximum per trade)

depends on asset class

1000 lots

Commission (per account type)

Standard: $0, Raw account: $3.5 per lot

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Beginner traders

Deposit & Withdrawal Options

Deposit Methods

Bank transfer, debit card, Apple pay, google pay

Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets

Withdrawal Methods

Linked bank account

Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets

Other E-Wallets Supported

Apple pay , google pay

PayPal, Neteller, Skrill, GATE8, Dragon Pay, VN Pay, FasaPay, Pagsmile, Jeton, Mifinity, XPay, Perfect money

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum

Trading Education, Market Analysis, Webinars, Trading Guides, Video Tutorials, Podcast Market Insights, Blog Trading News and Analysis

Fees & Commissions

Trading-Related Fees

FX fee of 0.59%

Crypto: 0.1%, indices, Bonds, and Commodities (excl. Metals): $0, Commission: AUD $7, USD $7, EUR € 6.20, GBP £5.4, SGD $9.50, CAD $9, Standard: 0.9 pips, raw : $3.5

Spread (typical, fixed, variable)

Variable

Per Lot Fees

$3.50

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

100:1

1:500

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

£10.97

Deposit Fee

£5

Currency Conversion Fee

Exchange rate + 0.99%

$20-$30

Withdrawal Fee

£5

International bank transfer: $20-$30

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)

24 hours a day, 5 days a week. 5 PM New York on Sunday through to 5 PM New York on Friday

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

24/7

Customer Support Methods (phone, email, live chat)

Help hub, community forum, E-mail, Social media

Phone: +61 (2) 8379 3622, E-mail: [email protected], Live chat

Support Languages

14+

Additional Information

Headquarters Location

Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL

FMGP Trading Group Pty Ltd Level 10, 627 Chapel St, South Yarra 3141 Australia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Both Freetrade and Global Prime offer affordable fee structures, but Freetrade generally edges out with no inactivity fees and lower commissions on standard trades, whereas Global Prime shines with bundled research and platform access.

Creating an account with Freetrade is generally faster and more user-friendly, often taking just a few minutes, while Global Prime requires more detailed steps and identity verification, which may suit more cautious investors.

Freetrade platform is great for fast-paced day trading, especially with features like one-click trading. Global Prime platform, by comparison, is built for strategy testing and long-term portfolio management.

If you're after professional-grade platforms, Freetrade may be ideal. For casual investors, Global Prime offers a low-barrier entry.

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