Freedom Finance Review

Freedom Finance is an online broker that offers a flexible and user-friendly trading platform for clients around the world to trade 40,000+ exchange instruments online. Besides the stock trading platform, one of the most unique feature of Freedom Finance is the ability for retail investors to invest directly in IPOs. Previously something only accessible for institutional investors. Now private individuals can buy into the IPOs at initial price on the first day of trading for an IPO.

Pros / Cons
  • Regulated brokerage
  • 40,000+ trading instruments including IPOs
  • Flexible trading plans with low fees
  • Easy to use trading platform
  • Helpful trading tools
  • Demo trading accounts
  • The ability to buy stocks 24/7
  • No charges for the first 30 days
  • Remote account opening in just 10 minutes
  • Limited deposit & withdrawal methods
  • No cryptocurrencies
  • No MetaTrader platforms

In this detailed Freedom Finance review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Freedom Finance Overview

Freedom Finance was founded in 2008 and has since then opened offices in over 7 countries and currently manages more than 1.5bn dollars in client assets. Freedom Finance offers it’s 150,000+ users from across the world a simple to use platform to Participate in IPOs, buy and sell stocks.

Freedom Finance Features

Freedom Finance Features

 

The Freedom Finance online platform is a project of Freedom Finance Europe Ltd, which is the European subsidiary of Freedom Holdings Corp. (NASDAQ:FRHC). Shares of the Holding company are listed on NASDAQ. The holding’s operation is regulated by US (SEC) and EU (BaFin and CySEC). They are internationally audited, with annual reports on the Securities Exchange Commission page.

Freedom Finance Overview

Freedom Finance Overview

Some of the advantages of trading with Freedom Finance include:

  • Trade in various markets
  • Participate in IPOs for the initial stocks price
  • Flexible cost plans to suit your needs
  • Low trading fees
  • Proprietary Freedom24 trading platform, also available as a mobile trading app
  • 30 days no fee promotion

Freedom Finance Regulation

The freedom24.com online stocks store is a project of Freedom Finance Europe Ltd (formerly Freedom Finance Cyprus Ltd), the European subsidiary of the public holding Freedom Holdings Corp (NASDAQ:FRHC).

Freedom Finance Regulation

Freedom Finance Regulation

Freedom Finance Europe Ltd (ex Freedom Finance Cyprus Ltd) is regulated by three authorities: Cyprus Securities and Exchange Commission (CySEC), Germany’s Federal Financial Supervisory Authority (BaFin), and the United States Securities and Exchange Commission (SEC).

They operate under MiFID II rules, which is a legislative framework with the high level of investor protection.

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Freedom Finance Countries

The company reserves the right to refuse to provide services to persons who do not meet the conditions required of customers or to whom the provision of such services is prohibited/restricted in accordance with the legislation of the European Union.

Some Freedom Finance broker features and products mentioned within this Freedom Finance review may not be available to traders from specific countries due to legal restrictions.

Freedom Finance Platforms

Freedom24

With Freedom Finance, traders are be able to gain access to multiple stock exchanges around the world. Through their proprietary ‘Freedom24’ trading software, users can trade directly from their desktop, web browser or mobile devices such as smartphones and tablets.

Freedom Finance Freedom24 Platform

Freedom Finance Freedom24 Platform

Freedom24 is a state-of-the-art proprietary electronic trading platform. It provides clients with trading capabilities and access to the NYSE, NASDAQ, LSE, Deutsche Börse, KASE, Ukrainian Exchange, MOEX, SPBEX. Additionally, Freedom24 allows clients to monitor and manage all aspects of their personal accounts and participate in the brokers social network.

Freedom Finance Mobile Trading App

Freedom Finance Mobile Trading App

Some of the key Freedom24 features include:

  • Online quotes for traded instruments
  • Market depth, tick chart
  • Technical indicators and analytical objects
  • Quotes charts – candles, bars and line
  • Stop loss and take profit
  • Trading event alerts
  • Create trade orders for the purchase and sale of securities
  • Invest with both demo and real user accounts
  • View history of orders, status of orders, trades executed on the order
  • Track the status of your current portfolio
  • Social-trading or independent trading

Freedom Finance Trading Tools

The Freedom24 platform has a vast selection of trading tools which can be used to analyse the markets across various chart types and timeframes. This includes technical indicators and drawing tools.

Freedom Finance Education

Freedom Finance can provide clients with comprehensive analytical support and consulting of real investment experts in the office from one of the brokers business centers. You can apply for a demo account to practice trading online with virtual funds.

Investing Ideas

You can sort stocks by their growth potential and read the recommendations of Merrill Lynch, J.P. Morgan and 50+ other reputable investment banks for the securities you are interested in. You can also study the forecasts made by Freedom Finance analysts.

Freedom Finance Investing Ideas

Freedom Finance Investing Ideas

Market News

On the Freedom Finance website there is a section dedicated to the latest market news, covering a variety of financial markets. This can help as part of your fundamental analysis when trying to gauge the overall opinion of the markets.

Freedom Finance News

Freedom Finance News

Freedom Finance Instruments

Freedom Finance have a large selection of over 40,000+ financial instruments available to trade online through the provided platforms. This includes Stocks and Shares, ETFs, Bonds, Futures and Options. The available markets are the NYSE, NASDAQ, HKEX, LSE, Deutsche Börse, KASE, MOEX.

Freedom Finance Instruments

Freedom Finance Instruments

Traders can buy and sell shares of “blue chips” and start-ups in the USA, Europe and Asia. This enables clients to become a shareholder of the world leading companies such as Facebook, Apple, Amazon, Microsoft, Coca-Cola, Disney and Alibaba.

They provide investing in commodity funds where users can speculate on the underlying price movements of gold, oil and other assets. They offer hedge positions in stocks with futures contracts. There is also a choice of over 290 Euro bonds.

Freedom Finance Accounts & Fees

Clients can choose from different plans that fit their own individual trading styles. All new users can benefit from the free promo plan, which enables them to trade for free for the first 30 days. All trading features are available on the demo account without restrictions.

The trading fees will depend on the account type. They start at 0.5 % from the volume of each transaction + USD 0,012 per share but not less than minimum USD 1,2 per trade.

Freedom Finance Accounts

Freedom Finance Accounts

As broker fees can vary and change, there may be additional fees that are not listed in this Freedom Finance review. It is imperative to ensure that you check and understand all of the latest information before you open a Freedom Finance broker account for online trading.

Freedom Finance Support

The broker has a professional customer support team with a wealth of experience and expertise in the US stock market. They can be reached via telephone, email or live chat, with contact details for multiple locations available on the Freedom Finance website.

Freedom Finance Deposit & Withdrawal

Traders can make deposits and withdrawals from their Freedom Finance account using bank wire or credit/debit card. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Freedom Finance Funding

Freedom Finance Funding

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Freedom Finance strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Freedom Finance trading account.

Freedom Finance Account Opening

There is a short online form to complete on the Freedom Finance website where you can open a trading account to create an investment portfolio with any of the 40,000+ exchange instruments available through the broker. After opening an investment account, you can buy securities in an online store, trade on stock exchanges, and participate in IPOs.

Freedom Finance Account Sign-up Form

Freedom Finance Account Sign-up Form

It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

Freedom Finance FAQ

What is the Freedom Finance minimum deposit?

The Freedom Finance minimum deposit is just $1. This means you can start trading stocks with a minimal investment, especially when compared to some brokers who require deposits of $1,000 or more. Once you feel comfortable trading with the broker, you may consider a larger deposit.

How do I deposit money into Freedom Finance?

Freedom Finance accept deposits via bank transfer and credit/debit cards. Bank transfers may take 2-3 business days to show in your account.

What are the Freedom Finance deposit fees?

Freedom Finance charge 2.5% for card deposits. You may incur a fee from your bank when depositing funds via wire transfer.

How do I withdraw money from Freedom Finance?

You can withdraw funds via bank transfer. Bank transfers may take 2-3 business days to show in your account.

What are the Freedom Finance withdrawal fees?

Freedom Finance do not charge any withdrawal fees but you may need to pay a banking fee, depending on your bank. A recipient covers payment related fees of intermediary banks and a beneficiary bank.

What is the Freedom Finance commission fee?

The Freedom Finance commission fee depends on the type of trading account that you choose and instrument you are trading. The Super account commission per share starts from $0.008 with a minimum $1.2 per order. The fix account commission per share starts from $0.012 with a minimum $1.2 per order. The Smart account commission per share starts from $0.02 with a minimum $2 per order.

What are the Freedom Finance account types?

Freedom Finance offer a choice of accounts that depend on your investment size and volume of trading activity. You can choose between the Smart, Fix and Super accounts. The main difference between each account is the amount of commission that you will pay. Generally speaking, the larger your trading volume, the lower the fee.

Is there a Freedom Finance demo account?

Yes, Freedom Finance do provide a free demo account which will allow you to try out the brokers products and services completely risk free. This can be a great way to become familiar with the Freedom24 platform and practice your trading strategies with virtual funds.

What are the Freedom Finance spreads?

Freedom Finance have low variable spreads. The spread is the difference between the bid (buy) and Ask (sell) price that you must pay your broker.

What are the Freedom Finance margin & stop-out levels?

The Freedom Finance margin rate is 12% per year.

What are the Freedom Finance trading instruments?

With Freedom Finance, you can trade Stocks, Shares, ETFs, Bonds, Futures and Options.

How do I open a Freedom Finance live account?

You can complete the short application form on the Freedom Finance website to open an account with them. After opening an investment account, you can buy securities in an online store, trade on stock exchanges, and participate in IPOs.

How do I verify my Freedom Finance account?

Some Freedom Finance features may require you to verify your account with a proof of identification (passport, driver’s license, identity card, etc) and proof of address (bank statement or utility bill).

What is the Freedom Finance trading platform?

Freedom Finance offer their proprietary Freedom24 app and state-of-the-art electronic trading platform, Tradernet. The platforms are user-friendly and packed with the tools you need to conduct thorough market analysis.

Where can I download the Freedom Finance platform?

You can download platforms free of charge directly from the brokers website and the relevant app stores on your mobile devices.

Where is Freedom Finance located?

The holding’s headquarters and offices are located in the USA, Germany, Cyprus, Russia, Kazakhstan, Ukraine, Uzbekistan.

Is Freedom Finance regulated?

Yes, Freedom Finance Europe Ltd (ex Freedom Finance Cyprus Ltd) is regulated by three authorities: Cyprus Securities and Exchange Commission (CySEC), Germany’s Federal Financial Supervisory Authority (BaFin), and the United States Securities and Exchange Commission (SEC).

What countries do Freedom Finance accept?

Freedom Finance reserves the right to refuse to provide services to persons who do not meet the conditions required of customers or to whom the provision of such services is prohibited/restricted in accordance with the legislation of the European Union.

Is Freedom Finance a scam?

No, Freedom Finance is not a scam. The Freedom Finance online platform is a project of Freedom Finance Europe Ltd, which is the European subsidiary of Freedom Holdings Corp who are listed on NASDAQ.

How can I contact Freedom Finance support?

You can contact the Freedom Finance customer support team via email, telephone, live chat and social media channels.

Freedom Finance Summary

Overall, Freedom Finance is a very well-established brokerage firm that is regulated in multiple jurisdictions. They have a large selection of trading instruments that are available to trade via a proprietary trading platform that is easy to use and compatible across multiple devices. The trading fees are low and customer support is on hand to assist you with your online trading needs.

Ownership of securities and other financial instruments always involves risks: the value of securities and other financial instruments can either rise or fall. Past investment results do not guarantee future returns. In accordance with the legislation, the company does not guarantee and does not promise future returns on investments, does not guarantee the reliability of potential investments and stability of the size of the returns.

Freedom Finance Logo

Min $1 Deposit

Freedom Finance is a regulated broker that offers the Freedom24 platform to trade over 40,000+ instruments (including IPOs) with low trading fees.