Background and History
Freedom24 was launched in 2008 in Europe as an online broker; its parent company is Freedom Holding Corp., based in the United States and listed on the NASDAQ. It is a stock broker that caters to investors regarding trading in various financial instruments like shares, ETFs, bonds, and IPOs.
Mission and Vision
Its aim is to create global access in the market for everyone and therefore put the satisfaction of customers before the services and give investors access to complicated tools, global research, and offers at transparent rates.
Global Presence
The company serves people in Europe, Asia, and the CIS, and its head office is located in the city of Cyprus. Multilingual support and local operations cater to a diverse user profile.
Word of Merit and Demerit
Key Assets vs. Limitations
- Internationally Regulated Platform
- Competitive Interest Rates on Cash Balance
- Access to 15 Global Stock Exchanges
- Over 1 Million Trading Instruments
- Bloomberg-awarded Market Analysis
Cons
- No Fractional Shares
- Flat Withdrawal Fee of 7€
- No Copy Trading
- U.S. Trader Restriction
Security and Regulations
Licensing
Freedom24 operates under the Cyprus Securities and Exchange Commission (CySEC) and under other classic regulations from different countries throughout the EEA region. Opening an account with it can be highly complicated since the broker ensures strict alignment with EU regulations in trading operations.
Fund Segregation and Insurance
Client funds held by Freedom24 are safe and secure in segregated accounts with banks of the highest esteem. Active clients benefit from the Investor Compensation Fund up to a limit of €20,000.
What Could Be Traded
Equity Shares
Access currency trading in any stock from some popular global markets, namely NYSE, NASDAQ, LSE, and Deutsche Börse.
Exchange-Traded Funds
Provided for the trading of hundreds of ETFs. Investors would thus be able to put money into different sectors, regions, and asset classes at the click of a mouse.
Bonds
Trade even corporate bonds and government bonds with a good trading interface and complete examination costing.
IPO
Freedom24 allows the purchase of the company's initial offerings among its outstanding features for retail investors through the company's IPO ordering process.
Options
Well-suited for hedging and speculative strategies, Freedom24 tops markets worldwide that are actively covered by options-trade inline upon established options business exchanges.
Account Types
Standard
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:3 |
| Margin call level | 100 |
| Stop-out level | 25 |
Fees and Costs
Charges
Depending on whether entered from a stock exchange or ETF trade price, the cost varies from around $0.02 to $2 per trade.
Maintenance Charges
The fee is normally €2 for all active accounts per calendar month. High-volume traders and clients holding large amounts are exempted from this amount.
Reduced Activities Charges
These charges normally affect any account that may remain inactive for over 90 days. Specific charges are clear within the terms and conditions.
Trading Platform
Freedom Platform24
The broker further offers its very best proprietary web interface, Freedom24 which provides users with biased charts, market data under real-time updates, and convenience and ease with its operational characteristics.
Mobile Apps
To add more functionality, the Freedom24 Trading Application is installed on a phone-wise copy, hence allowing for complete execution management and market monitoring on the go.
Full Web-Based Trading
Trade without worries with the full web-based platform, as it makes it possible for users to experience it without any downloading hassle.
Customer Support
| Website | |
|---|---|
| Address | Christaki Kranou 20, Freedom Tower, 5th Floor 4041 Germasogeia, Limassol, Cyprus 28th October Avenue, 261, 1st Floor 3507 Limassol Cyprus Opernring 1/R Top No. 301-309, 1010 Wien, Austria 80 Michalakopoulou str., Athens 11528 Greece Galleria San Babila, 4/A, floor 5-S2, 20122, Milano, Italy Warsaw Financial Center, Ul. Emilii Plater 53, 00-113, Warsaw, Poland Vertigo Business Tower, 2nd Floor, office 2.12109 Bulgaria Blvd,1404, Sofia, Bulgaria Paseo de Recoletos, 6, pl 5, Of 1, Madrid 28001 Spain Liberty Tower 17 Place des Reflets CS 20362, 92097 Paris La Défense Cedex, France Herengracht 459-469 (Gouden Bocht Complex), 1017BS, Amsterdam, the Netherlands |
| Headquarters | Cyprus |
| Telephone | 357 2525 7785 357 2525 7787 49 30 86321 840 |
| Customer support | 24/5 - phone, email, chat |
| Partner programs | Yes |
Registration Process
Go to the broker's website to open a Freedom24 account, and then complete a simple online form to have your identity verified if the quick process is concerned with providing necessary documents.
Verification Requirements
This has to include identity verification and proof of address for two things: your passport would do for identity verification, and a utility bill or bank statement would apply for address verification, as per CySEC requirements.
Deposits and Withdrawals
Payment Mechanisms
Different possibilities here include bank transfer, credit cards or debit cards, and an e-wallet to name a few-generally the most popular; for instance, SKRILL, PAYPAL, etc.
Funds Settlement
Deposits under commerce and business activities are dealt with instantly while finance processes would take one day at most, depending on the funding system. Withdrawal takes typically 3 to 5 business days.
Incurred Costs
Whereas deposits are all supposed to be done free of charge, the user has to watch for withdrawal costs that may come and change with different procedures and payment providers. Such details are very well aligned with the broker's fees page or website.
FAQ
Is the broker regulated?
Yes, Freedom24 is fully affiliated with CySEC and other major regional authorities across the globe to make real tough and unyielding rules for sure.
Which Trading Platforms Are Available?
The broker furnishes its traders likewise well-many traders-with web-based applications developed specifically for such purposes, as well as using mobile apps for iOS and Android operating systems.
How Much Do I Need to Deposit?
There are no restrictions where an account holder can make a trade in any amount on one trade even without having it registered with minimal balance requirement.
What Kinds of Accounts Are Available There?
A variety of accounts are available at Freedom24. Given the different trading behaviors or practices of traders, there are different investment accounts as well as in each demo account.
What about Fees and Commissions?
Trading in a stock and ETF is paid at a minimum of $0.02 per share. Accessory charges depend on what kind of IPO the customer gets in on.