According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Up to 1:3
- Limit orders
- Margin funding.
Our Evaluation of Freedom24
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Freedom24 is a high-risk broker with the TU Overall Score of 2.5 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Freedom24 clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Freedom24 offers a user-friendly and reliable platform for investing in stocks and other stock market instruments, catering to both novice and experienced investors due to the availability of numerous trading instruments and educational resources.
Brief Look at Freedom24
Freedom24 is an online broker providing access to stocks, bonds, ETFs, and other financial instruments. Its European office was registered in Cyprus in 2013 and obtained a license number 275/15 from the Cyprus Securities and Exchange Commission (CySEC) in 2015. The broker supports over one million financial instruments tradable on major global exchanges and serves individual and institutional investors worldwide. Along with securities trading, Freedom24 clients can participate in IPOs, which are particularly attractive for those looking to invest early in a company's public listing.
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- Access to over 1 million financial instruments;
- Reliable regulatory oversight and participation in the European compensation fund;
- Low fees;
- User-friendly platforms;
- Availability of a demo account;
- No minimum deposit requirements or account opening fees;
- Education for novice traders.
- Withdrawal fees apply to each transaction;
- No live chat on the website;
- Regional restrictions.
TU Expert Advice
Author, Financial Expert at Traders Union
Freedom24 is an online broker offering investments in stocks, ETFs, and bonds through a proprietary platform. It enables access to international exchanges and provides IPO participation, educational resources, and a demo account. With no minimum deposit requirement, Freedom24 is suitable for traders and investors at all levels interested in low fees and multiple trading instruments. Additionally, the broker offers a range of account types catering to different trading strategies.
Despite its advantages, Freedom24 has certain drawbacks, including fixed withdrawal fees and limited client support with no live chat. These factors may not suit traders who value prompt communication and low-cost transactions. Traders seeking access to a wide array of financial instruments and investment options may find Freedom24 a useful platform, but those who prioritize efficient client service or low withdrawal fees may need to consider alternative brokers.
Freedom24 Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Proprietary platforms |
|---|---|
| 📊 Accounts: | Prime, Smart in EUR, All Inclusive in USD, and D-Account |
| 💰 Account currency: | USD and EUR |
| 💵 Deposit / Withdrawal: | Bank transfers and bank cards |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:3 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 1 security for stocks and ETFs, 1 contract for options |
| 💱 EUR/USD spread: | Vary based on the market and account type |
| 🔧 Instruments: | Stocks, ETFs, exchange-traded options, and structured products |
| 💹 Margin Call / Stop Out: | 100%/25% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: |
Limit orders; Margin funding. |
| 🎁 Contests and bonuses: | No |
Freedom24 offers competitive fees and flexible trading conditions. The platform provides access to international markets and leverage to potentially increase profits. With various account types, traders can select the best conditions to align with their specific goals and trading strategies.
Freedom24 Key Parameters Evaluation
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Trading Account Opening
Only registered users can access Freedom24’s user account. To register with the broker, follow the below instructions:
Go to the Freedom24 official website and click “Sign Up” at the top of each page.
Provide your email, phone number, and create a secure password. Then go to the mobile app and follow the on-screen instructions. To activate your account and make subsequent deposits, upload images of your passport and a document proving your permanent address.
Additional features of Freedom24’s user account allow traders to:
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View summary of active accounts and portfolio statistics;
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Search for trading instruments, buy and sell assets;
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Change account settings and details;
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Switch between accounts;
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Make deposits and withdrawals;
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Access information on available partnership programs.
Regulation and safety
As a CySEC-regulated broker, Freedom24 participates in the Investor Compensation Fund (ICF), providing additional protection to clients by compensating them up to €20,000 in the event of the broker's insolvency.
Freedom24 is a subsidiary of Freedom Holding Corp, a U.S. financial holding company, regulated by the Securities and Exchange Commission (SEC).
Advantages
- Reliable regulation since 2015
- Provision of legal services within the EU and globally
- ICF protection
Disadvantages
- Regional restrictions
- Long processing time for complaints and claims
- Limited compensation
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Prime | 0.25% + €0.012/$0.012 per share; €1.2/$1.2 per order | Yes |
| Smart in EUR | €0.02/$0.02 per share; €2/$2 per order | Yes |
| All inclusive in USD | 0.5%+ €0.012/$0.012 per share; €1.2/$1.2 per order | Yes |
Margin lending fee is 0,04931500% per day and SMS notifications additionally cost €0.05.
The table below compares average fees of Freedom24 and two other brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$1.7 | |
|
$2 |
Account types
Freedom24 offers a range of account types for various strategies, including options for passive income. Accounts can be denominated in EUR or USD to minimize maintenance fees.
Account types:
Deposit and withdrawal
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Withdrawals can only be made to the client's bank account. Third-party or bank card withdrawals are not supported.
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Fixed fee of €7/$7 applies to each withdrawal.
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Margin lending fee of 0.05% is charged on withdrawals exceeding the account balance.
Investment Options
Freedom24 offers various passive income options. These include:
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D-Account. This account type offers profits on free funds on the balance. The annual rate varies based on currency: 4.85% for USD and 3.4% for EUR with daily interest accrual. Funds can be transferred to a trading account at any time.
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Portfolio Management. This service allows investors to transfer their funds to professional managers to achieve financial goals. Managers aim to increase portfolio profitability, balancing expected profits with allowable risk. It helps investors avoid emotionally difficult decisions and use the expertise of professionals, while minimizing the need for independent market monitoring.
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Dividend. Freedom24 offers access to over 40,000 stocks with regular dividend payouts. Investors can earn passive income through regular dividends, making it ideal for long-term investing.
While the D-Account is the simplest investment solution offered by Freedom24, it's important to note that you'll need to maintain some level of trading activity on your main account to use it.
Partnership programs from Freedom24:
Freedom24 rewards its clients for attracting new users. The available partnership and referral programs include:
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Referral program. All broker’s clients can participate in this program. The reward is 1,000 points (€20) for each referral. These points can be used to pay brokerage fees.
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CPA (Cost Per Action). This program is available to clients with at least 5 referrals. Rewards range from €5 to €300 per client with a deposit.
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CPA+. It is available to clients with over 50 referrals. Rewards range from €3 to €150 per new client with a deposit. Additionally, 25% of referral trading fees are accrued for each trade.
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White Label. This program allows clients to create a custom-branded brokerage platform. A fully integrated platform with front, middle, and back office can be deployed within 1-3 months.
These programs allow clients to earn both fixed rewards for attracting new users and a percentage of their trading fees, providing flexible passive income opportunities.
Customer support
Freedom24 offers support available from 09:00 to 21:00 (UTC+2) Monday through Friday.
Advantages
- Offices in 10 European countries
- Professional multilingual support
Disadvantages
- No live chat on the website
- No support in social media
Available communication channels:
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Email;
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Live chat in mobile apps;
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Phone;
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Tickets.
Contacts
| Registration address | Cyprus, 4041, Limassol, Christaki Kranou 20, Freedom Tower, 5th Floor, Germasogeia |
|---|---|
| Regulation | CySEC |
| Official site | https://lp.freedom24.com/ |
| Contacts |
Education
Freedom Academy, available on the broker’s official website, features useful tips, guides, and educational materials for novice and experienced securities investors.
Freedom24 offers a demo account for exploring the trading platform and features of the user account.
Detailed review of Freedom24
Freedom24 specializes in trading stocks, bonds, ETFs, and other financial instruments, offering a wide range of investment services to clients worldwide. The broker provides secure access to the largest exchanges, thanks to its regulated status in Europe and the U.S. To support traders of all levels, Freedom24 offers a demo account and a wealth of educational materials. Additionally, professional analytics are available to assist in informed decision-making.
Freedom24 by the numbers:
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9 representative offices in Europe;
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300,000+ clients;
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Access to 15 major exchanges of the U.S., Europe, and Asia;
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1 million+ stock exchange instruments;
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380+ employees.
Freedom24 is a progressive online broker for investing in the stock market
The broker offers competitive trading conditions, including low fees, access to global exchanges, and professional expert support. Freedom24’s advanced trading web and mobile platforms provide access to leading global exchanges like NYSE and Nasdaq catering to active traders and investors.
Freedom24 empowers its clients to invest in over 40,000 stocks and 1,500 ETFs. With its innovative solutions, robust security measures, and high-quality support, Freedom24 can be the best choice for both novice and experienced traders.
Useful services offered by Freedom24:
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Relevant Investment Ideas. Freedom24's experienced analysts offer actionable insights, including stock and ETF recommendations, tailored for both short-term and long-term investment.
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Diagrams. This is a visual tool that helps analyze past stock price movements, enabling better-informed investment choices.
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Freedom Academy. This section features educational materials on various markets, catering to both novice and experienced investors.
Advantages:
Access to IPOs for retail investors;
Integration with professional platforms for more advanced market analysis;
Flexible investment conditions for short-term and long-term strategies;
Choice of partnership programs;
Multilingual support and personal manager assistance.
Freedom24 does not support CFD and Forex trading.
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