Freedom Finance

The Freedom24 online investment platform is a project of Freedom Finance Europe Ltd (formerly Freedom Finance Cyprus Ltd). Freedom Finance Europe Ltd is regulated by three authorities:

• Cyprus Securities and Exchange Commission (CySEC);
• German Federal Financial Supervisory Authority (BaFin);
• U.S. Securities and Exchange Commission (SEC).

The broker operates under the rules of MiFID II, a legal framework with a high level of investor protection. Client investments are protected by European legislation and insured up to 20,000 euros. This means that even in the case of Freedom24 bankruptcy, investors can be assured that their capital is safe. So if you have up to 20,000 euros in your account, you have absolutely nothing to worry about.

Opening an account on the platform

The company offers one of the most intuitive user interfaces, which is easy to navigate and has everything a potential user can look for right on the spot. On the website, you can fill out a short online form that will allow you to open a trading account and create your own investment portfolio. The registration process itself takes no more than 10 minutes. The process involves the following steps:

• You will be asked to enter your email, username, and password.
• Fill out the mini questionnaire, thus providing Freedom24 with an overview of your investor profile (your level of experience, what you want to achieve, etc.).
• Verify your account by providing a photo of a valid ID (ID card or passport) and selfies to prove your identity.

This whole process is mandatory and is part of what is called KYC. It costs us users a few extra minutes compared to simply providing an email to register, but it’s definitely worth it because it keeps unscrupulous users and scammers off the platform.

Now all you have to do is to fund your account and start investing in a few clicks.

How can you fund your account?

Traders can deposit and withdraw funds from their account via bank transfer, credit or debit card. Some Freedom24 fees may apply for certain payment methods – this is especially true for credit card payments, where you will be charged a 2.5% fee regardless of the tariff you choose. The process of depositing by bank transfer is free, and your funds will appear in the account within 2-3 working days. Depending on your bank, there may be bank charges that apply.

Withdrawal times may vary depending on the method chosen. Bank transfers can take several business days to process, while credit card payments can be instant. It is very important that Freedom24 does not accept third-party payments. All funds deposited into your trading account must be in the same name as your trading account.

Freedom24 fees and types of plans

Freedom24 customers can choose from three plans to suit their individual trading style. Regardless of which tariff you choose in the long run, each newly registered user is offered a 30-day free plan with 0% commissions on all your transactions. At the end of this 30-day period, you will automatically get a free Smart plan. You can easily switch to any tariff in your account settings.

When it comes to trading commissions, the company follows a “per share” pricing model with the price depending on the frequency of trading and the number of stocks purchased. Retail investors who trade infrequently and with low volume would probably be more comfortable with the free Smart plan. Active traders may be more suited to one of the paid plans that offer a lower fee per share. Trading commissions depend on the type of account, but are always at least 1.2 euros per transaction. The Smart plan is completely free, but for the Fix and Super plans you have to pay extra €10 and €200 respectively. Below you will find a table with an overview of each tariff, as well as the fee structure.

Because brokerage commissions may vary and change, there may be additional commissions that are not listed in this Freedom24 review.

Savings D-account

Another extremely interesting and valuable feature Freedom24 offers its customers is the D-account. It’s nothing more than a savings account where you can keep your money just like in any traditional bank. Compared to interest rates offered by banks, the D-account offers an annual interest rate of 3% (in U.S. dollars) with daily interest charges. This means that you can benefit even from funds that you are not actively using for investments. You can keep them in this account to provide yourself with a “passive” interest rate until you find the next suitable investment opportunity.

Freedom24 reports that the platform manages to provide such interest rates because it uses money from D-accounts for currency swaps that take place within the platform. They provide profits, which the company, in turn, shares with its customers.

Demo Account

In addition to the usual investment and savings account, Freedom24 also offers a demo account through which customers have the opportunity to test the functionality of the platform, apply new strategies and try trading in real market conditions, but without the risk of losing money.

Stocks, ETFs, bonds, futures and options

In addition to the Freedom24 IPO already mentioned, clients can trade stocks, ETFs, bonds, futures and options through the Finance24 investment platform, which allows them to create a balanced portfolio of liquid securities.

You can buy stocks of American, European or Asian companies listed on 15 major world exchanges such as NASDAQ, NYSE, Deutsche Börse, LSE, SEHK and others. It is worth mentioning that the trade offer includes, of course, shares of global technology leaders such as Amazon, Google, Tesla, Siemens, Shell, Netflix, etc. And, of course, don’t forget about dividends. If you bought shares in companies that pay dividends to their shareholders, you can get them through the platform.

In addition to stocks, clients have access to exchange-traded fund (ETFs). Through Freedom24’s trading platform, you can invest in more than 1,500 ETFs managed by iShares, Vanguard, BlackRock and other major asset management companies.

Relevant financial consulting, investment ideas and tools

Even if this is your first entry into the world of investing, you will soon see that doing your own research, analyzing data and following market trends are key elements of successful investing. You need a source of information and inspiration that will really save you time, but that you can trust. Freedom Finance can provide clients with comprehensive analytical support and advice from real investment experts. Don’t forget to check out the Investment Ideas and News sections, which are easily accessible through Freedom24’s web platform or mobile app. Here you will find everything you need: the latest news from various financial markets, current offers from investment experts, as well as the latest news on current financial and business topics of interest to Freedom24 investors. Once you have gathered everything you need to start analyzing, you can take advantage of the wide variety of trading tools you can use to analyze the markets. Some of key features include:

• Live quotes of traded instruments
• Charts
• Technical Indicators and Analysis
• Candlestick, Bar and Line Charts
• Stop Loss and Take Profit Orders
• Trade events alerts
• History of executed orders and order status
• Monitoring of current portfolio state
• Social or independent trading