Freedom24: Official Review 2024

29 April 2024


  • 2 types of account available
  • Stocks, ETFs, bonds and options are tradable
  • Saving account with 3,89% (EUR) and 5,31% (USD) of daily interests
  • Interest on uninvested cash in the account

pros Pros:

  • Company listed on NASDAQ and authorised in Europe
  • Zero account opening, maintenance and closing costs
  • D-account with interests of 3.89% (EUR) and 5.31% (USD)
  • Deposits and withdrawals also by credit card

pros Cons:

  • CFDs not available
  • 18% margin trading fees
Fees and Costs:
Products and Markets:
Trading platform:
Tax regime:
Ease of use
Overall rating

Freedom24: what is it and how does it work?

In this review, we have tested and analyzed Freedom24, a new online broker that has recently made its debut in the UK landscape. Freedom Finance 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 democratization of finance, where investing is within everyone's reach and without barriers as in the past.

Another service offered by Freedom Finance is the D account. This is a savings account (denominated in EUR or USD) that offers fixed returns at a rate of up to 5,89% per annum.

In the next sections of this review, we will examine the topics briefly mentioned so far in more detail. We will see what Freedom Finance 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.

Who is Freedom24 for?

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

  • Get a fixed return in EUR or USD through the daily saving account (D-account)

  • 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; Freedom Finance will simply provide cutting-edge tools to do so.

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 the UK.

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

  • Unlimited free trades for the first 30 days after account activation


Freedom Holding Corp. serves its European users through the Freedom Finance Europe Ltd. branch. It is supervised by three regulatory bodies: CySEC (Cyprus), BaFin (Germany) and SEC (United States).

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 in accordance with 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 Freedom Finance is based in the European Union, UK 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) in the event that 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, Freedom Finance 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.

Author of the review:

Alfredo de Cristofaro author
Alfredo de Cristofaro
Graduated in Economics of Financial Intermediaries, after having worked for several years at one of the main financial brokers in Europe, he decided to make available to investors the knowledge gained over the years. On he's responsible of reviewing the stockbrokers, making sure that the highest standards of safety and transparency are guaranteed.
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