How safe is free trade?

Safety is paramount in the realm of cryptocurrency trading, and Freetrade stands out as a reputable brokerage that prioritizes this aspect. It is governed by the esteemed UK Financial Conduct Authority (FCA), a testament to its commitment to transparency and compliance.

The FCA regulation not only enhances the credibility of Freetrade but also offers investors a safety net in the form of up to £85,000 in protection against potential losses. This assurance allows traders to engage with confidence, knowing that their investments are safeguarded.

Despite its robust regulatory framework and investor protection measures, it's crucial to acknowledge that Freetrade does have certain limitations. Notably, it is not listed on a stock exchange, which could potentially limit its accessibility to a wider range of investors.

Moreover, Freetrade does not possess a banking license. This absence may raise concerns for some investors who prefer dealing with fully-fledged financial institutions that offer a broader suite of services and additional layers of security.

Amidst the competitive landscape of cryptocurrency exchanges, BTCC emerges as a leading player with a diverse array of services tailored to the needs of traders. BTCC offers spot trading, allowing users to buy and sell cryptocurrencies at current market prices.