Freedom24 is an investment platform with stock market investment options.
The global online broker provides UK clients with direct access to stock exchanges, user-friendly trading applications, and professional securities analytics.
It is the subsidiary of Freedom Holding Corp, an international investment group.
Thousands of customers use the platform to trade securities on the 15 major European, US and Asian exchanges.
Apart from the 1,000,000+ stocks, ETFs, futures, options and exchange-traded instruments, the platform features professional analytics on different securities from experts.
Customers using the platform enjoy pre and post-market trading. They can easily keep track of their investment portfolio using the website or mobile applications.
The platform is also compliant with various critical regulatory bodies in the EU financial market, ensuring customers of high-level compliance and security. The customer support team offers any additional help customers might require when using the platform.
My Freedom24 review below outlines all of the features, pros, and cons so that you can decide whether it’s the right trading platform for you.
Products & Services
Freedom24 has divided its products into two main categories: personal and corporate clients.
Individual clients have access to the following products and services:
The Freedom24 Savings-D account allows customers to maximise their savings by offering them unrivalled interest rates. The account currently features a 3% in US dollars and a 2.5% in euro annual interest rate.
There is no maximum limit to the deposit customers can make on this account. They also enjoy daily interest accruals and can transfer funds to their accounts anytime.
The account is also available on a free plan, ideal for customers who aren’t ready to commit to monthly subscriptions.
The Freedom24 Savings-D account is available to all Freedom24 customers immediately after they open their main trading account. Customers can fund their Savings D account via bank card or transfer at zero fees.
With zero waiting periods, they can transfer funds from the savings to the trading account anytime.
Freedom24 invests the client’s savings account funds into the OTC swap transactions, which offer the client a 3% per annum fixed income.
Customers can’t use their savings accounts to make any trades. Trading of investment vehicles takes place at the main trading accounts.
Freedom24 Main Trading Account
Customers using the Freedom24 investment platforms open a main trading account. They use the account in trading on various investment vehicles, including securities on European, US and Asian stock exchanges.
Customers can access over 40,000 shares, giving them a golden opportunity to create a diversified investment portfolio.
Besides investing in growth stocks and building a sustainable investment portfolio, customers can develop trading strategies based on their goals and needs.
The platform has over 1,500 ETFs of iShares, BlackRock, Vanguard and other top asset management companies.
Corporate clients have access to one product.
The Freedom24 White Labels account allows businesses to increase their returns by trading on various investment vehicles. The trading platform covers the major equity markets integrating the business’s front, middle and back offices.
Freedom24 configures the company’s needs and combines them with the business’s existing software. The competent experts at Freedom24 handle all the work. Businesses are only required to have a logo.
The Freedom24 White Labels account features:
- Client trading terminal
- CRM system
- Personal customer account
- Back office
- Onboarding system and KYC
- EMIR and MIFIR reporting
The account has access to over 1,000,000 exchange instruments ranging from shares and ETFs to bonds, options and futures.
Customers can trade on all the popular EU, US and Asian stock markets. The cross-trading platform allows trading investment instruments on the website and the Freedom24 mobile application.
Retail and institutional customers receive IPOs when they open the Freedom24 White Label accounts. The platform of the account runs prime broker trading servers and is available in 25 European languages.
Thanks to the speedy implementation process provided by Freedom24, companies can start serving their customers using the platform within one to three months.
Freedom24 offers 24/7 technical support on the White Label accounts, and their staff are professionally trained to work with the platform and offer 24/7 professional help.
Part of the package offered by the platform includes consulting on brokerage business and providing timely information about the markets.
Companies can use the account to handle various office duties:
- Middle office: customer support unit, conversion operations module, risk management, CRM and compliance
- Back office: billing, regulatory reporting, transaction processing, conducting correspondent actions, and formation of clients’ reports and trading limits
Customers also get training sessions for their staff when they use the White Label account. Companies can request a consultation from Freedom24.
They will be provided with a demo account to get familiar with the functionality and features of the account.
Freedom24 currently has an ongoing promotion where new customers get the first 30 days from the account opening date free of charge.
The offer is only applicable to EU residents. The platform eliminates payments by card and commission per share until the 30 days elapse.
Freedom24 has a structured payment plan for its customers.
Customers can opt for any of the following payment plans:
|Promo||Smart in EUR||Fix in EUR||Super in EUR||All Inclusive in USD|
|Service Plan||Complimentary fee plan for new customers valid for 30 days following the opening of the account. After 30 days, it automatically upgrades to Smart Payment Plan||Starland free plan without a free subscription fee, with the lowest commission for small trading volumes||Lower than other broker offers||Maximum benefits for many trades||Personal manager support and investment offers|
|Monthly Subscription Fee||€0||€0||€10||€200||$0|
|Stocks and EFTs (Europe, USA or Asia)|
|Commission per share||€0||€0.02||€0.012||€0.008||0.15% of the trade volume plus 0.012$per share, at least 1.2$ per trade|
|Minimum per order||€0||€2||€1.2||€1.2||0.15% of the trade volume plus $0.012per share, at least $1.2 per trade|
|USA Stock Options|
|Per contract||€0||€0.65||€0.65||€0.65||$3 per contract + USD 10 per trade|
|Exchange-traded futures and options||0||USD 1.5||USD 1.5||USD 1.5||USD 1.5|
|Commission for the exercise of a contract and contract as a result of such exercise, per one contract||0||USD 1.5||USD 1.5||USD 1.5||USD 1.5|
|Margin lending per Year||12%||12%||12%||12%||12%|
|Personal Manager||Not available||Not available||Not available||Not available||Available|
|DAS System||Not available||Not available||Not available||Available||Available|
|Withdrawal of funds via bank transfer||0||EUR 7||EUR 7||EUR 7||EUR 7|
|24/7 Personal Assistant Support||Not available||Not available||Not available||Not available||Available|
Other commissions featured by Freedom24 include:
- Withdraw funds – 7€ per order fulfilled
- Depository commission for the transaction: $30 Depository fee per calculated trade
- OTC trading: 0.12% Brokerage commission on the deal volume
The Freedom24 account opening process is straightforward. You can sign up on the official website or via the mobile application. Customers submit an email address and create a unique account password during the registration process.
Customers who successfully open an account with Freedom24 are eligible for the affiliate referral program run by the platform. There are three main referral programs run by Freedom24: referral, CPA and CPA+.
The Freedom24 referral program awards clients 1,000 points (EUR 20) per referral when the client invites five or more people. They can also get a Coupon for one stock worth up to USD 1,000. The customers can use the points to handle the brokerage fees. The more referrals one has, the more chances they have of earning back their paid trading fees.
Freedom24 also has a CPA referral program, where clients get up to EUR 300 for every client they bring in. They can also earn rewards from the activities of the customers they refer. You need to invite at least five successful referrals. When you invite at least 50 referrals, you are upgraded to the CPA plus referral program.
The highlights of the CPA+ referral program include the following:
- 25% of brokerage fees received for each trade of the clients you engaged
- EUR 3 to EUR 150 for each client with a deposit
Web Platform & Mobile Application
Freedom24 has a user-friendly and straightforward platform. Customers can easily navigate the various commands available on the forum: transferring funds and trading.
The cross-functional investment platform enables customers to trade on the website and mobile application. Customers can download the Freedom24 mobile applications on their iOS and Android devices.
The mobile application has the same features and benefits present in the website version of the investment platform.
The Freedom24 mobile application has a customer rating of 4.9/5 on the Google Play store with more than 3,000 reviews and a 4.3/5 rating on Apple Store with 19 reviews.
On Trustpilot, Freedm24 has a customer review rating of 4.6/5, with over 8,000 customer reviews.
Customers can contact Freedom24 customer support via the following options:
- Live Chat, which is available on instant messaging, Facebook, Instagram, WhatsApp and Telegram)
- Email: [email protected]
- Phone: +357 25 25 77 85, Monday Friday, 09:00 – 21:00 UTC+2
- Mail: Christaki Kranou 20, Freedom Tower, 5th Floor, Germasogeia, Limassol 4041 Cyprus
The platform is also available on various social media platforms:
- Facebook: https://www.facebook.com/freedomfinance.eu
- LinkedIn: https://www.linkedin.com/company/freedom-finance-cyprus-ltd/
- Instagram: https://www.instagram.com/freedom_finance_eu/
- Telegram: https://t.me/freedom24com
Customers can also access more information on the FAQ section, which features popular questions customers ask when using the platform.
Customers have access to various Freedom24 tools and resources which can assist them in making sustainable investment decisions.
The Freedom24 InvestIdeas section offers plenty of investment ideas for novice and experienced investors. Analysts from the Freedom24 team provide detailed analysis and insights on the various investment vehicles in the market, highlighting the most profitable options for their clients.
Clients have access to investment ideas free of charge. Freedom24 analysts have recommended more than 370 successful investment ideas since 2017, with a 21.2% average return on investment.
The analysts have 15 years of average professional experience in the industry. Using investment ideas on the platform is pretty straightforward.
After opening the main trading account, customers pick their preferred investment idea and purchase the security. After reaching the target price of their investment idea, they can sell their stocks and then select other investment ideas.
Freedom24 has introduced an educational platform that equips investors with investment knowledge. Currently, the platform only offers one course focusing on Fundamentals of Investments.
The platform hopes to add more classes to educate customers on making suitable investment decisions.
Freedom Finance Team
Freedom Finance Technologies Ltd entails a global team of experts who focus on developing tech infrastructures and solutions for all Freedom Holding Corp clients and employees.
The team has extensive experience with the top stock exchanges in Europe, the US and Asia:
- LSE, Deutsche Börse
- KASE (Kazakhstan)
- NYSE, Nasdaq, CBOE, AMEX, CME
- Ukrainian Stock Exchange
The team has developed various fintech innovations like Tradernet and Freedom24 mobile applications for iOS, Android and Huawei devices.
They have also launched Skybank and Freedom Finance Bank, online and mobile banking platforms. The constant innovations by the team focus on elevating the overall customer experience of the forum.
The team also welcomes suggestions from the Freedom24 customers on improving the platform to achieve maximum customer satisfaction.
Pros & Cons of Freedom24
- No charges during the first 30 days
- Expansive catalogue of investment vehicles
- Demo trading fees
- Offers customers investment ideas
- A rewarding referral program
- Lacks cryptocurrencies
- Services limited to EU clients
- Deposit and withdrawal methods are limited
If you are looking for alternatives to Freedom24, consider the following trading platforms:
Plus500 stands out as a popular trading platform due to its impressive range of CFDs, which include 90 ETF CFDs, options CFDS, indices CFDs, shares CFDs and commodity CFDs. The platform has an insights section, a new analytical tool that offers all customers timely, functional analysis on millions of trades.
Customers can use the tool to identify the high-yielding trader sentiments and trades and then copy the trades. The customer support team at Plus500 is responsive and available 24/7.
Read my full Plus500 review.
eToro is a low-cost trading platform offering investors 0% commission on traded stocks. The platform features various investment vehicles for its client base ranging from stocks and forex to CFDs and cryptocurrencies.
The social trading community at eToro allows retail traders to copy successful trades straightforwardly. Customers also have access to the stock exchange via their trading accounts.
Apart from featuring readymade investment profiles, the platform also has a demo account which gives novice investors a chance to practice and master the art of sustainable investment.
Read my full eToro review.
Investors looking for a reliable forex and CFD trading platform may consider opening an account with AvaTrade. The platform provides its clients with comprehensive educational resources and tools from in-house analysts and third-party experts.
The thriving community of experienced traders at AvaTrade enables timely copy trading, especially for novice traders.
AvaTrade has a mobile application with the same features and benefits as the website. Hence customers can access automated trading, research, copy, and set budgets for their trades from the mobile application.
Customers can access various trading platforms provided by AvaTrade; social, stock and forex trading platforms are available for novice and advanced traders.
Freedom24 Review – Final Thoughts
Freedom24 is a simple investment platform that offers customers various investment options.
It’s most suitable for novice investors due to its limited resources and market insights analysis.
It also provides multiple resources like Freedom Academy and Investideas, which will help educate a beginner investor on the best way to make a suitable investment.
Compared to other top investment platforms in the UK market, Freedom24 doesn’t compete well, especially regarding market analysis, research, and education.
Hopefully, my review has given you some insight into what Freedom24 has to offer and whether it’s right for you.