Freedom24 Broker Review 2025 – Pros, Cons, Fees & Key Features

Pros and Cons of Freedom24

Pros

<ul class="tick"><li>Regulated & secure with EU investor protections up to €20,000</li><li>Access to 15 major global stock exchanges in one account</li><li>High-yield D-Account pays ~5% on USD and ~4% on EUR cash balances</li><li>Commission-free trading for first 30 days</li><li>No inactivity or account maintenance fees</li><li>Robust research and stock analysis from award-winning analysts</li></ul>

Cons

<ul class="dismiss"><li>No fractional share investing available</li><li>€7 flat fee per withdrawal</li><li>High portfolio transfer fees (€100 per security)</li><li>No cryptocurrency trading offered</li><li>Not available to US residents</li></ul>

Freedom24 is a European broker offering global market access, competitive fees, and unique features like high-yield cash accounts. Let's dive into what makes this broker stand out, starting with a clear overview of its strengths and limitations.

Freedom24 combines robust security measures with extensive market access and innovative features like high-yield cash accounts. However, certain limitations like the lack of fractional shares and withdrawal fees should be considered when evaluating if it's the right broker for your needs.

Why Choose Freedom24

Pros

<ul class="tick"><li>Global diversification with access to 15 major exchanges worldwide</li><li>High-yield D-Account offering ~5.3% APY on USD and ~3.9% on EUR</li><li>Backed by Freedom Holding Corp, a Nasdaq-listed company</li><li>Regulated by CySEC with MiFID II compliance</li><li>Quality research with 65% success rate on investment recommendations</li></ul>

Cons

<ul class="dismiss"><li>Some competitors offer more user-friendly interfaces for beginners</li><li>Research tools may be overwhelming for new investors</li><li>IPO access feature has become less reliable recently</li></ul>

Freedom24 offers a compelling blend of traditional brokerage strengths (wide market access, research) with modern fintech advantages (high-yield cash accounts, user-friendly platforms). For investors seeking global diversification with added benefits not typically found at standard brokers, Freedom24 presents a distinctive value proposition.

Who Is Freedom24 For?

Pros

<ul class="tick"><li>Ideal for globally-oriented investors seeking international market access</li><li>Perfect for those who maintain cash positions between investments</li><li>Great for active traders covering multiple global markets</li><li>Suitable for beginners thanks to no minimum deposit and educational resources</li><li>Excellent for investors seeking professional research and guidance</li></ul>

Cons

<ul class="dismiss"><li>Not available to US or Canadian residents due to regulations</li><li>Not ideal for micro-investors who need fractional shares</li><li>Less suitable for very high-frequency day traders seeking flat-fee packages</li><li>Not for cryptocurrency enthusiasts as crypto trading isn't offered</li></ul>

Freedom24 best serves globally-oriented investors seeking diverse market access, those who appreciate earning interest on cash balances, and investors looking for a balance of guidance and independence. It's less suitable for micro-investors wanting fractional shares, US residents, or those focused exclusively on cryptocurrency trading.

Fees and Commissions

Pros

<ul class="tick"><li>30 days of commission-free trading for new accounts</li><li>No monthly subscription or inactivity fees</li><li>Free deposits via bank transfers</li><li>Competitive currency conversion rates (~0.2% spread)</li><li>Flexible fee plans to accommodate different trading styles</li></ul>

Cons

<ul class="dismiss"><li>€7/$7 flat fee per withdrawal regardless of amount</li><li>High portfolio transfer fees (€100 per security)</li><li>€100 account closure fee</li><li>Card deposits subject to ~2.5% processor fee</li></ul>

Freedom24's fee structure is straightforward and competitive, especially with no monthly fees or inactivity charges. The 30-day commission-free period for new accounts is generous, and the flexible plan options accommodate different trading styles. However, traders should be mindful of the withdrawal fee and potentially high portfolio transfer costs, which could impact overall value depending on your investment behavior.

Product Selection and Markets

Pros

<ul class="tick"><li>Access to 15 global exchanges including US, European, and Asian markets</li><li>Over 40,000 stocks and 1,500+ ETFs available</li><li>Diverse product range including stocks, ETFs, bonds, options, and futures</li><li>Direct exchange access with full shareholder rights</li><li>History of offering retail IPO access (subject to current availability)</li></ul>

Cons

<ul class="dismiss"><li>No fractional share investing</li><li>No cryptocurrency trading offered</li><li>No forex CFDs or social/copy trading available</li><li>IPO access may be limited or unavailable currently</li></ul>

Freedom24 offers exceptional market access across 15 global exchanges, providing a comprehensive suite of traditional investment products including stocks, ETFs, bonds, options, and futures. This extensive coverage enables truly global diversification from a single account. While the absence of fractional shares and cryptocurrency trading are limitations, the broker's focus on regulated exchange-traded securities makes it ideal for traditional investors seeking international exposure.

Platform Experience

Pros

<ul class="tick"><li>Complete ecosystem with web, desktop, and mobile platforms</li><li>Intuitive interfaces suitable for both beginners and advanced traders</li><li>Powerful technical analysis tools and custom indicators</li><li>Highly-rated mobile app (4.5/5) with comprehensive functionality</li><li>Available in multiple European languages</li><li>Real-time streaming quotes and market data</li></ul>

Cons

<ul class="dismiss"><li>Desktop platform may have steeper learning curve for beginners</li><li>No MetaTrader integration for algorithmic traders</li><li>No public API for custom trading solutions</li></ul>

The broker offers a complete ecosystem of trading platforms - web-based for convenience, desktop for power users, and mobile apps for on-the-go access. Each platform is thoughtfully designed with intuitive interfaces while still providing depth for more experienced traders. The inclusion of analytical tools, diverse order types, and multilingual support demonstrates Freedom24's commitment to serving a global client base with varying levels of trading experience. The highly-rated mobile app particularly stands out, making it easy to maintain your investing activities wherever you are.

Account Opening

Pros

<ul class="tick"><li>Fast digital onboarding process (about 10 minutes)</li><li>No minimum deposit requirement</li><li>Automated verification in many cases</li><li>Multi-currency account options</li><li>Welcome perks including 30 days commission-free</li><li>Personal account manager assignment</li></ul>

Cons

<ul class="dismiss"><li>Not available to US residents</li><li>May require additional documentation for some jurisdictions</li><li>KYC verification might take longer in certain cases</li></ul>

The account opening experience at Freedom24 is modern, efficient, and user-friendly. With a fully digital process and quick verification, most users can be up and running within the same day. The lack of minimum deposit requirement removes barriers to entry for new investors, while the welcome perks like 30 days of commission-free trading add significant value. The multi-currency account options are particularly beneficial for international investors looking to trade across different markets without excessive conversion fees.

Deposit and Withdrawal

Pros

<ul class="tick"><li>Free deposits via bank transfers</li><li>Multiple deposit methods including bank, card, and mobile payments</li><li>No minimum deposit requirement</li><li>Multiple currency support</li><li>Fast processing times (1-3 days for withdrawals)</li></ul>

Cons

<ul class="dismiss"><li>€7/$7 flat fee for all withdrawals via bank transfer</li><li>Card deposits incur ~2.5% payment processor fee</li><li>No e-wallet withdrawal options</li><li>Card withdrawals charge 0.65% (minimum €2)</li></ul>

The deposit and withdrawal processes at Freedom24 are straightforward and well-implemented, with multiple options to suit different needs. Free bank transfers for deposits are a significant advantage, particularly for larger amounts. While the €7 flat withdrawal fee is not ideal, it becomes relatively insignificant for larger withdrawals, and its predictability helps with financial planning. The combination of flexible funding options, reasonable processing times, and the ability to hold multiple currencies makes managing cash flow at Freedom24 efficient for most investors.

Portfolio Transfer

Pros

<ul class="tick"><li>Supports both incoming and outgoing portfolio transfers</li><li>Occasional transfer fee promotions (up to €200 reimbursement)</li><li>Preserves cost basis and holding dates for tax purposes</li><li>Allows partial transfers of specific securities</li></ul>

Cons

<ul class="dismiss"><li>High transfer fee of €100 per security (ISIN)</li><li>Potentially expensive for diversified portfolios</li><li>Cannot transfer fractional shares</li><li>Long processing time (up to several weeks)</li></ul>

The portfolio transfer options at Freedom24 are functional but expensive compared to industry standards. The €100 per security transfer fee creates a significant barrier for investors with diverse portfolios. This high cost effectively encourages clients to either consolidate positions before transferring or consider the alternative of selling and rebuying securities. While occasional promotions to offset these costs are welcome, they don't fully address the underlying issue. For investors with only a few high-value positions, direct transfers may be reasonable, but others should carefully weigh the costs against potential tax implications of selling and rebuying.

Safety and Fund Protection

Pros

<ul class="tick"><li>Regulated by CySEC (License CIF 275/15)</li><li>MiFID II compliant across the European Union</li><li>Investor Compensation Fund protection up to €20,000</li><li>Client funds held in segregated accounts</li><li>Backed by Nasdaq-listed Freedom Holding Corp</li><li>Strong encryption and two-factor authentication</li></ul>

Cons

<ul class="dismiss"><li>€20,000 protection limit may be insufficient for larger portfolios</li><li>Not covered by traditional banking deposit guarantees</li><li>B+ credit rating from S&P is non-investment grade</li></ul>

Freedom24 demonstrates a strong commitment to security and regulatory compliance. As a CySEC-regulated broker with MiFID II compliance, it operates within a robust European financial framework that enforces strict investor protections. The combination of Investor Compensation Fund membership, segregated client accounts, and negative balance protection creates a secure environment for investor assets. The broker's connection to a Nasdaq-listed parent company adds another layer of transparency and financial stability. While the €20,000 compensation limit is standard for EU brokers, investors with larger portfolios should understand this coverage threshold and the distinction between broker services and bank deposit guarantees.

Customer Service

Pros

<ul class="tick"><li>Personal account managers for clients</li><li>Multiple contact channels (email, phone, chat)</li><li>Multilingual support in numerous European languages</li><li>Extended business hours (9:00-21:00 CET)</li><li>Award-winning service (Service Champion Gold in Germany)</li></ul>

Cons

<ul class="dismiss"><li>No 24/7 support availability</li><li>Limited support outside European business hours</li><li>May experience longer wait times during market volatility</li></ul>

Freedom24's customer service strikes a balance between modern digital support and traditional personalized assistance. The assignment of personal account managers is a standout feature that elevates the service experience above many online-only brokers. The multilingual support across numerous European languages demonstrates a commitment to serving a diverse client base. While the lack of 24/7 support may be limiting for some traders, particularly those active in Asian or US market hours, the quality of service during operational hours is high, as evidenced by industry awards and positive customer feedback.

Reputation and Reviews

Pros

<ul class="tick"><li>Over 300,000 clients and growing rapidly</li><li>Multiple industry awards including "Best Multi-Product Broker"</li><li>Strong ratings from experts (4.3/5 on Investing.com)</li><li>Well-rated mobile app (4.5/5 on App Store)</li><li>Backed by publicly-listed parent company</li><li>Clean regulatory record with no major scandals</li></ul>

Cons

<ul class="dismiss"><li>Some mixed reviews regarding IPO access changes</li><li>Occasional concerns about withdrawal fees</li><li>Some confusion reported about D-account structure</li></ul>

Freedom24's reputation is solidly positive, evidenced by industry awards, expert evaluations, and impressive user growth. With over 300,000 clients and recognition as a top broker in multiple European countries, the platform has clearly gained significant market acceptance. Customer reviews consistently praise its unique combination of global market access, high-yield cash accounts, and user-friendly interface. While some criticisms exist regarding fees and the discontinuation of certain IPO offerings, the overall sentiment remains favorable. The broker's transparent operations, NASDAQ-listed parent company, and strong regulatory compliance further enhance its credibility in the competitive online brokerage space.

Learning Resources

Pros

<ul class="tick"><li>Comprehensive Freedom24 Academy for all experience levels</li><li>Professional market analysis and investment ideas</li><li>Analyst recommendations with 65% historical success rate</li><li>Educational webinars and online events</li><li>Multilingual content across major European languages</li><li>Real-time market news and economic calendar</li></ul>

Cons

<ul class="dismiss"><li>Some advanced content only available after login</li><li>Not as extensive as dedicated educational platforms</li><li>Academy is relatively new (launched 2024)</li></ul>

Freedom24 demonstrates a strong commitment to investor education through its comprehensive learning resources. The recently launched Academy offers structured educational content suitable for all experience levels, while the InvestIdeas feature provides actionable investment opportunities with an impressive historical success rate. The combination of professional market analysis, multilingual content, and educational webinars creates a well-rounded learning ecosystem that benefits both beginners and experienced traders. This educational approach helps investors not just execute trades but also understand the markets better, potentially leading to more informed investment decisions.

Added Benefits

Pros

<ul class="tick"><li>High-yield D-Account paying ~5.3% on USD and ~3.9% on EUR</li><li>30 days of commission-free trading for new clients</li><li>Referral program with rewards (1,000 points = €20 per friend)</li><li>Occasional free stock promotions (up to $600 value)</li><li>Portfolio transfer fee reimbursements (up to €200)</li></ul>

Cons

<ul class="dismiss"><li>Promotions and offers subject to change</li><li>Some benefits require minimum activity levels</li><li>Transfer reimbursements only offset costs for 1-2 securities</li></ul>

Freedom24 provides multiple value-added benefits that set it apart from standard online brokers. The high-yield D-account is the standout feature, offering impressive interest rates (5.3% on USD, 3.9% on EUR) that far exceed what most brokers provide on idle cash. This effectively turns your brokerage account into a hybrid investing and savings solution. Other attractive perks include the 30-day commission-free trading period for new clients, the referral program with tangible rewards, occasional free stock promotions, and portfolio transfer fee reimbursements. These additional benefits demonstrate Freedom24's commitment to delivering extra value beyond basic trading functionality, making it particularly appealing for investors who appreciate maximizing returns on all aspects of their investment account.

Final Verdict

Pros

<ul class="tick"><li>Global market access across 15 different exchanges worldwide</li><li>Industry-leading interest rates on uninvested cash (D-Account)</li><li>Strong security framework with EU regulation and investor protection</li><li>Quality research resources with impressive success rate</li><li>User-friendly platforms across web, desktop, and mobile</li><li>No inactivity fees or monthly maintenance charges</li><li>Attractive welcome perks and ongoing added benefits</li><li>Personalized service with dedicated account managers</li></ul>

Cons

<ul class="dismiss"><li>No fractional share investing capabilities</li><li>€7 withdrawal fee per transaction</li><li>Expensive portfolio transfer costs (€100 per security)</li><li>Not available to US residents</li><li>No cryptocurrency trading options</li><li>Limited support hours (European business hours only)</li><li>Uncertainty around previously standout IPO access feature</li></ul>

Freedom24 delivers a compelling and well-rounded brokerage experience that combines extensive global market access with innovative features like high-yield cash accounts. Its strengths in providing research resources, user-friendly platforms, and personalized service make it an excellent choice for most European retail investors, particularly those looking for international diversification opportunities. While certain limitations exist – such as the lack of fractional shares, withdrawal fees, and high portfolio transfer costs – these drawbacks are outweighed by the broker's numerous advantages for medium to long-term investors. With its strong regulatory foundation, transparent fee structure, and continuously expanding feature set. Also, check out our review of Trading 212, which we can only recommend as a commission-free stock broker.

Frequently Asked Questions

Is Freedom24 safe and legitimate?

Yes, Freedom24 is a legitimate and regulated broker. It's operated by Freedom Finance Europe Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license CIF 275/15. The broker is also part of Freedom Holding Corp, a Nasdaq-listed company (FRHC), which adds another layer of transparency. Client funds are held in segregated accounts and protected by the Investor Compensation Fund up to €20,000.

How does the D-Account work at Freedom24?

The D-Account is Freedom24's high-yield cash feature that automatically pays interest on uninvested funds. Currently, it offers approximately 5.3% APY on USD balances and 3.9% on EUR balances. Interest accrues daily and is credited to your account, making your idle cash productive while you wait for investment opportunities. The mechanism works through swap contracts rather than a traditional bank deposit, though funds benefit from the same segregation and regulatory protections as other client assets.

What are Freedom24's fees and commissions?

Freedom24 offers two main fee plans: The Smart Plan charges €/$2 per order plus €/$0.02 per share for US and European stocks/ETFs. The Prime Plan charges 0.25% of trade value plus $0.012 per share plus $1.2 per order. New clients enjoy 30 days of commission-free trading. There are no inactivity or account maintenance fees. Withdrawals cost a flat €7 via bank transfer, and portfolio transfers cost €100 per security (ISIN).

Can I trade fractional shares on Freedom24?

No, Freedom24 does not currently support fractional share investing. You must purchase whole shares of any stock or ETF. This means you'll need sufficient capital to buy at least one full share of any security you're interested in, which could be a limitation for smaller investors looking to diversify into higher-priced stocks.

How long does it take to open an account with Freedom24?

Freedom24 advertises that you can open an investment account in just 10 minutes through their streamlined digital process. After providing your personal information and uploading verification documents (ID and proof of address), the verification is often completed within minutes to a few hours, though it can take up to 1-2 business days in some cases. There's no minimum deposit required to open an account.

Which countries does Freedom24 accept clients from?

Freedom24 primarily serves residents of the European Economic Area and certain other countries. Due to regulatory constraints, they cannot accept clients from the United States. They have a strong presence across Europe, including the UK, Germany, France, Spain, Italy, and many other countries. If you're uncertain about eligibility in your country, it's best to check directly with Freedom24's customer service.

Can I trade cryptocurrencies on Freedom24?

No, Freedom24 does not offer cryptocurrency trading. They focus exclusively on traditional regulated securities like stocks, ETFs, bonds, options, and futures traded on established exchanges. If cryptocurrency trading is important to you, you would need to use a separate specialized platform for those transactions.

Does Freedom24 still offer IPO access to retail investors?

Freedom24 gained recognition for being one of the few brokers in Europe that allowed retail investors to participate in IPOs at the offering price. However, availability of this feature may vary based on market conditions and regulatory factors. The current status of IPO offerings should be confirmed directly with Freedom24, as this has been subject to change recently.

What trading platforms does Freedom24 offer?

Freedom24 provides three main platform options: a web-based platform accessible through any browser without installation, a downloadable desktop application for Windows and Mac offering advanced features, and mobile apps for iOS, Android, and Huawei devices. All platforms feature real-time quotes, charts with technical indicators, portfolio tracking, and order execution capabilities.

How can I contact Freedom24 customer support?

You can reach Freedom24's customer support via email (support@freedom24.com), phone (they have regional numbers for different countries), and online chat available through their website during business hours. Support is available Monday to Friday from 9:00 to 21:00 CET. Many clients also have access to a personal account manager who can be contacted directly for personalized assistance.

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