Freedom24: Official Review 2025

In this review, we have tested and analyzed Freedom24, a new online broker that has recently debuted in the European landscape. Freedom24 is not a broker, similar to other investing brands. It is true that, like many of its competitors, it allows you to trade shares, ETFs, bonds and derivatives. However, Freedom24’s range of services goes beyond the competition.

We can affirm that Freedom24 plays a crucial role in the ongoing process of the democratization of finance, where investing is within everyone's reach and without barriers as in the past.

In the next sections of this review, we will examine the topics briefly mentioned so far in more detail. We will see what Freedom24 is and to whom it is aimed, what investment services it offers and which platforms it makes available for its users.

In the final paragraph, you will find our opinions on Freedom24, which will help you understand if this broker may be the right choice for you to invest.

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Freedom24 is an online broker that allows you to access the main global markets to buy and sell financial instruments. A Freedom24 account is ideal for anyone who wants to:

• Trade on stocks, ETFs, bonds, futures and options listed on regulated markets
• Invest with minimal capital

The Freedom24 account is, therefore, aimed at investors who intend to invest independently. The latter will have to determine how and where to invest; Freedom24 will provide cutting-edge tools to facilitate this process.

Given the degressive fee structure, users who invest large capital will be able to receive a reduction on the commissions of stocks and ETFs against a fixed monthly fee. Those wishing to invest with low capital will start from the lowest commission band, which is still quite affordable ($/€ 0.02 for each share or ETF traded) when compared to the fees charged by the main brokers in Europe.

Why choose Freedom24 over another broker?

• No minimum deposit is required to start trading
• The platform is simple to use and requires no high-level skills

The broker operates in a regulatory framework that guarantees maximum investor protection and adheres to the regulatory standards of local supervisory authorities in Europe and the US SEC.

Freedom Finance Europe Ltd is based in Limassol, Cyprus. Therefore, it falls under the European Union MiFID II regulation for the regulation of financial markets.

Below is the note on the broker's website: "Freedom Finance Ltd provides financial services in the European Union by the CIF 275/15 license for all types of business required by companies, granted by the Cyprus Securities and Exchange Commission (CySEC) on 20.05.2015 ".

Given that Freedom24 is based in the European Union, European investors can benefit from important protections for the investor provided for by European legislation, namely:

• The European deposit guarantee scheme, e. a guaranteed coverage to traders equal to an indemnity of up to €20,000 (in cash or financial instruments) if the broker is unable to return them to users in person (for example, in a case of default)
• The segregation of funds: the separation of user funds from those of the broker so that, in the event of failure of the trading platform, no creditor of the broker will have the option to claim back funds deposited by users
• Negative balance protection: this protection allows users to avoid generating a loss on their account that exceeds the cash balance (i.e. the total amount of money paid into the account)

Since October 2019, Freedom24 has been listed on the NASDAQ under the ticker FRHC.

The security has a Standard & Poor's rating equal to B-, that is, with a significant speculative characteristic and an issuer able to meet its financial obligations, albeit with uncertainties that could affect its financial commitment.

Freedom24 offers two types of account:

• Smart account in EUR: 0€ monthly fee and no transaction discounts

• All inclusive in USD: 0€ monthly fee and intermediate transaction discounts

Opening an account on Freedom24 takes place entirely online and consists of the following steps:

1. Click on the Registration button at the top right of the menu and enter your data

2. Upload a scanned copy of an identification document as well as a document showing your residential address, plus the taxpayer number in the country where you have your tax residence.

Furthermore, the user will be given a risk tolerance survey questionnaire to define their investor profile, with questions related to the investment time horizon, investment objectives, knowledge and experience with various financial instruments, savings capacity, etc. The questionnaire complies with Mifid II regulations for the regulation of financial markets to protect investors.

The duration of the registration process for a Freedom24 account is approximately 10-15 minutes, at the end of which the platform will make a personal Private Area available to the user and he will be contacted by email with all the necessary information.

While the account opening is being formalized, the user can access the platform through a virtual account, using the credentials created in the registration phase for login.

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Freedom24 accepts those with an EU residence permit as clients. It therefore means that UK residents cannot open a Freedom24 account.

It is possible to open a Freedom24 account with USD or EUR currency. Within the Personal Area, it will be possible to manually convert the deposited EUR into US dollars (and vice versa).

Freedom24 users can make deposits and withdraw funds from their accounts by bank transfer or by credit/debit card. There is a 7e fee for each withdrawal as well as a $60 deposit fee for the reversal of securities.

No minimum deposit is required with Freedom24.