Freedom24 review – in-depth insights into cost structure, tools and assets

In this Freedom24 review, we will explore how the broker operates, the choices it provides for investing in financial markets and its cost structure. Additionally, we'll look into other investment products available and consider user feedback, along with our own evaluation of the platform.

Freedom24 review: what is it and how does it work?

Freedom24 is a broker belonging to the Freedom Finance group, which is part of Freedom Holding Corp (FRHC), the only stockbroker based in Europe that is listed on the Nasdaq stock exchange and has a market capitalisation of $5.72 billion.

Main features of Freedom24

Here is a short summary of the main features of Freedom24, which will be discussed in detail in the following sections:

  • 🏆 Regulation: CySEC (not FCA registered)
  • 💼 Financial Assets: Stocks and ETFs, stock options
  • 🌐 Markets: Global broker (USA, Europe, and Asia)
  • 💻 Account Types: 2 (Trading Account & Savings Account)
  • 💲 Commissions: €0,02 per share + €2 per order
  • 💰 Minimum Deposit: $/€0
  • 📈 Platform: Proprietary
  • 📧 Contact:
    • Email:
    • Phone: +357 25 25 77 85
    • Live Chat

Is Freedom24 safe? | Regulation and guarantees

To begin, it's essential, as always, to consider whether the broker is overseen by reputable regulatory authorities. And if so, which ones?

Freedom24 is a brokerage firm operating within the European Union and is subject to the corresponding rules and regulations in this jurisdiction. As a brokerage, Freedom24 is obligated to adhere to the guidelines set forth by CySEC (Cyprus) under registered license number 275/15

It's important to note that it is regulated by CySEC, but not by the FCA, which implies a higher level of risk compared to UK-regulated brokers.

Is Freedom24 reliable? | Investor guarantee fund

Furthermore, similar to any other company headquartered in Cyprus, Freedom Finance Europe provides coverage to its investors, up to €20,000, in the event of bankruptcy. This safeguard is in line with the provisions of the Cypriot investor compensation fund.

However, it's important to note that this guarantee may not be applicable to UK residents, as the UK is no longer part of the EU and Freedom24 is not regulated in the UK. So, while it offers a layer of security, its reliability might be subject to certain limitations for UK investors.

Freedom24 review: main financial assets

What can you invest in using Freedom24? Our main focus is on stock market opportunities, but we'll also touch on other asset options.


Freedom24 offers you the chance to invest in the stock market through stocks. This broker presents a selection of over 40,000 stocks across major markets in the USA, Europe, and Asia.

This array covers a wide range of stocks, from influential tech giants that drive the SP500, to dynamic Asian companies, established dividend aristocrats, and promising local enterprises.


The platform provides access to more than 1,500 ETFs from leading managers like iShares, Vanguard, and BlackRock.


While not its primary focus, Freedom24 does permit investment in options on various financial assets. In fact, they offer up to 800,000 options on diverse assets such as stocks.

Freedom24 review: markets

With Freedom24, you gain access to major global markets, spanning from key European exchanges to Asian markets, and of course, the US market.


8/ 10


Europe, USA

Interest-bearing deposit account with a return between 2.5% and 3%

30 days of free trading for new clients

Real assets available

Minimum deposit:


Types of Freedom24 accounts

The broker offers two types of accounts depending on your investor profile. In fact, it clearly differentiates whether you are an active investor or trader, or a saver looking to get a certain return on their savings. 

Trading account

The Freedom24 trading account is an option designed for retail investors who want to access the financial markets in a simple and secure way. Consequently, it offers a wide range of more than 1,000,000 financial instruments in which to invest, such as stocks and ETFs, options and futures, allowing investors to diversify their portfolios and take advantage of different investment opportunities.

Additionally, one of the most notable features of the Freedom24 standard or retail account is its intuitive and easy-to-use trading platform , which provides access to real-time charting and analysis tools. Investors can monitor market movements, make buy and sell transactions, and manage their positions efficiently.

In addition, the Freedom24 Retail account provides customer support and assistance in several languages, including Spanish, since it has an office in Spain, which facilitates communication and resolution of doubts or queries. Investors can also rely on financial education services, such as webinars and educational materials, to improve their investment knowledge and skills.

Savings account D

However, another asset that, along with the entire catalog of actions it has, I would like to highlight is its savings account that it has , with a very interesting profitability.

And in your D account, we must highlight two savings products:

Long-term savings plan

Initially, there's the long-term savings plan, where returns are determined by a SOFR multiplier determined by a time factor, structured as follows:

  • 3-month plans : 1.1 times SOFR
  • 6-month plans : 1.25 times SOFR
  • 12-month plans : 1.5 times SOFR

Similarly, the same principle will apply to accounts denominated in euros, whereby a multiplicative factor will be applied to the EURIBOR based on the chosen time range for your savings plan:

  • 3-month plans : 1.1 times EURIBOR
  • 6-month plans : 1.25 times EURIBOR
  • 12-month plans : 1.5 times EURIBOR

Furthermore, Freedom24 incentivizes investor confidence in its savings program by offering a 0.4% and 0.8% annual bonus for deposits exceeding 100,000 EUR or USD, respectively. Consequently, the larger your investment, the greater your reward.

In this scenario, the minimum deposit required is 1,000 EUR or USD, with no maximum limit.

Daily savings plan (account D)

Secondly, concerning its daily savings plan, it's important to note that it is a more conservative investment product. The D-account will provide two types of interest for clients, contingent on the currency they choose to open their account with.

Certainly, the remuneration will be entirely tied to EURIBOR for euro-denominated accounts and to SOFR for accounts denominated in dollars.

Moreover, with profitability calculated and payable daily, there's complete freedom to withdraw capital at any time, without any commitment to a fixed duration. Additionally, transferring funds from your D account to your retail or operational account is possible at any time and at no cost.

Thus, to activate this secondary plan, only a minimum deposit of 150 euros or dollars is required, with no maximum limit on the amount.

How to open a Freedom24 account in the UK in 5 steps?

Initiating an account with this broker is straightforward and entirely online. Here are the 5 steps to follow:

  1. Go to the Freedom Finance website and click to open a new account.
  2. Fill in your personal data and verify your identity.
  3. Read and agree with the terms and conditions.
  4. Verify your identity to activate your account.
  5. Deposit your funds and start trading.

This entire process usually takes no longer than 10 minutes.

Freedom24: other fees & minimum deposit

There is no minimum deposit.

In addition, the broker will charge a fee of 7 for withdrawals. If you opt for OTC trading, the brokerage fee is 0.12% of the trade and a depository fee of $30 per trade.

Freedom24: trading platform

Freedom24 offers access to its proprietary platform. It is available on computers, but also on mobile phones. It offers advanced analysis tools and indicators such as moving averages. You can also create price alerts and use stop loss orders, among others.

Customer service

There are many channels to reach out for help, such as:

  • Contact phone number:
  • Email:
  • Live chat:

Hence, the customer service team is available via different methods to help you out with any issues or inquiries. It's worth noting that the broker does not have an office in the UK. You can reach out via:

  • Phone: +357 25 25 77 85
  • e-Mail:

The business hours are from Monday to Friday, from 9:00 AM to 9:00 PM UTC+2.

Freedom24 reviews

As we've highlighted earlier, alongside its extensive range of products and services, and its notably attractive savings account, Freedom24 receives commendation for its comprehensive customer service, encompassing all available service options. This sentiment is reflected in various opinions shared across different review platforms.

For instance, Trustpilot users rate the broker very positively, awarding it an average score of 4.4 out of 5 stars.

A similar story holds for the Google Play Store. With an impressive average rating of 4.9 out of 5 stars, the platform enjoys substantial user trust. The volume of over 3,800 opinions contributes to a more robust and reliable average rating.

Freedom24 review: summary

In conclusion, Freedom24 presents an array of attractive features that make it a contender in the realm of investment platforms. Its user-friendly interface and global market access provide an enticing proposition for investors seeking to diversify their portfolios. The platform's positive customer feedback, particularly on platforms like Trustpilot and Google Play Store, demonstrates its commitment to a satisfying user experience.

However, for UK residents, it's crucial to acknowledge certain inherent risks. Not being authorised by the FCA, Freedom24 might not provide the same level of regulatory safeguards as FCA-regulated brokers. This aspect, coupled with potentially higher costs associated with some of its services, should prompt cautious consideration for UK investors.

In this case, you may want to check other brokers that are regulated by the FCA, such as:

Overall, here is a summary of pros and cons of this broker:

Pros of Freedom24

✅ Wide variety of asset classes and markets
✅ Easy to use and intuitive
✅ Savings account available
✅ No minimum deposits
✅ Demo account

Cons of Freedom24

❌ Not regulated in the UK
❌ Trading fees quite high
❌Withdrawal fee


8/ 10


Europe, USA

Interest-bearing deposit account with a return between 2.5% and 3%

30 days of free trading for new clients

Real assets available

Minimum deposit:


Freedom24 review: FAQs

Is Freedom24 regulated?

Yes, Freedom24 is regulated by CySEC (Cyprus Securities and Exchange Commission) within the European Union. However, it's important to note that it is not regulated by the FCA (Financial Conduct Authority) in the UK.

What's the risk of signing up with an unregulated broker?

While Freedom24 operates under CySEC regulation, it's not authorised by the FCA in the UK. This means that UK residents may lack the same level of regulatory protection compared to dealing with an FCA-regulated broker. Unregulated brokers can expose investors to potentially higher risks due to the absence of FCA oversight.

Are there better alternatives for UK residents?

For UK residents, considering some of the FCA-regulated brokers recommended above is advisable due to the rigorous regulatory standards set by the FCA. These brokers provide an added layer of security and protection for your investments.

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