Freedom24 UK Review: Trading Fees, Regulation, Pros and Cons

In this Freedom24 review, we will analyse how the broker works, the options it provides for investing in financial markets, and its fee structure. We will also look into other investment products, consider user feedback, and evaluate the platform.

Freedom24 logo

Freedom24: What is it and How does it work?

Freedom24 is a broker part of Freedom Finance Group, part of Freedom Holding Corp (FRHC), the only European stockbroker listed on the Nasdaq stock exchange. It has a market capitalisation of $5.72 billion.

Main Characteristics 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

Freedom24 | Regulation and Investors’ Protection

As always, it’s essential to consider whether respected Regulatory Authorities supervise the broker. And if so, which one?

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

And as if all this were not enough, it is listed on the stock exchange under the name of its parent company, Freedom Holding Corp (FRHC), on the Nasdaq index, which is a guarantee in terms of regulation.

It’s important to note that it is regulated by CySEC, but not by the FCA, implying a higher risk level than UK-regulated brokers.

Is Freedom24 reliable? | Investor guarantee fund

Furthermore, like any other company headquartered in Cyprus, Freedom Finance Europe provides an Investor Protection Scheme to its investors up to €20,000 in the event of bankruptcy. This protection is in line with the provisions of the Cypriot Investors Compensation Fund.

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

Freedom24: Financial Products Offered

What can you invest in using Freedom24? Let’s have a look at their main products:


Freedom24 allows you to invest in the stock market by offering a selection of over 40,000 stocks from major markets in the USA, Europe, and Asia.

Freedom24 40,000 shares


The platform offers over 1,500 ETFs from top managers such as iShares, Vanguard, and BlackRock.

1,500 ETFs for diversification

Options and Futures

Although it is not its primary market, Freedom24 does allow investment in options on various financial assets. In fact, it offers options on different stocks in the US market.

Moreover, the broker offers some of the lowest prices in Europe for US corporate option contracts, as we will see in the fees section.

Take advantage of options trading with Freedom24, where you will gain the following benefits:

  • Fixed income: Thanks to the premium received (in case of sale)
  • Risk hedging
  • Limited risks
  • Trading and speculation

You will also find a limited selection of futures.


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

Freedom24: Trading Fees

Is Freedom24 a cheap broker? The fees at Freedom24 vary depending on the asset and the plan you choose. Some plans offer free monthly maintenance, making them competitive for everyday trading.

There are two main types of fee plans:

Trading Fees Freedom24
Trading Fees Freedom24

All-Inclusive in USD:

This “dollar account” plan includes a personal manager and investment offers. The commission rates are as follows:

  • US and European Stocks and ETFs: 0.5% of the transaction + $0.012 per share, with a minimum of $1.20.
  • Asian Stocks and ETFs: 0.25% of the transaction, with a minimum of 10 HK$.
  • Options:
    • Per contract: $3
    • Per transaction: $10
  • Margin Loans per year: 15%

Smart in EUR:

This “euro account” plan does not include a personal manager or investment offers, but the commissions are lower:

  • US and European Stocks and ETFs: €0.02 per share, with a minimum of €2.
  • Asian Stocks and ETFs: 0.25% of the transaction, with a minimum of 10 HK$.
  • Options:
    • Per contract: €0.65
    • Per transaction: €0
  • Margin Loans per year: 18%

The minimum deposit and commissions are straightforward, making it easy to manage your investments without unexpected fees.

Freedom24: other fees & minimum deposit

Minimum Deposit: There is no minimum deposit required.

Withdrawal Fees: The broker charges a fee of €7 for withdrawals.

OTC Trading Fees:

  • Brokerage Fee: 0.12% of the trade.
  • Depository Fee: $30 per trade.

Freedom24 Account Types: Trading and Savings-D

The broker offers two types of accounts depending on your investor profile. It differentiates whether you are an active investor or a saver looking to get a certain return on your savings. 

Trading account

The Freedom24 trading account is designed for retail investors who want to access financial markets easily and securely. It offers over 1,000,000 financial instruments, including stocks, ETFs, options, and futures, allowing investors to diversify their portfolios and seize various investment opportunities.

One of the key features of the Freedom24 retail account is its intuitive and user-friendly trading platform. This platform provides access to real-time charting and analysis tools, enabling investors to monitor market movements, execute buy and sell transactions, and manage their positions efficiently.

Savings-D Account

Another noteworthy asset offered by Freedom24, in addition to its extensive range of stocks, is its savings account, which provides attractive returns.

Two Savings Products in the D Account:

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 plan: 1.1 times SOFR
  • 6-month plan: 1.25 times SOFR
  • 12-month plan: 1.5 times SOFR

For accounts in euros, the returns are based on a multiplier of the EURIBOR according to the selected time frame:

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

Freedom24 also encourages investor confidence in its savings program by offering an annual bonus of 0.4% for deposits over 100,000 EUR and 0.8% for deposits over 100,000 USD. Thus, the larger your investment, the greater your reward.

The minimum deposit required is 1,000 EUR or USD, with no maximum limit.

Daily Savings Plan (Account D)

For those interested in a more conservative investment option, the daily savings plan in the D account is worth considering. This plan offers two types of interest, depending on the currency chosen for the account.

The interest rates are tied to EURIBOR for euro-denominated accounts and SOFR for dollar-denominated accounts.

Key Features:

  • Daily Profitability: Interest is calculated and paid daily, offering flexibility to withdraw capital without a fixed-term commitment.
  • Free Transfers: You can transfer funds from your D account to your retail or operational account anytime without any fees.
  • Activation Requirements: The plan can be activated with a minimum deposit of 150 EUR or USD, with no maximum limit on the amount.

This plan provides a secure way to earn daily interest while maintaining the freedom to access your funds whenever needed.

How to Open a Freedom24 Account?

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 (KYC).
  3. Read and agree with the terms and conditions.
  4. Verify your identity to activate your account.
  5. Deposit your funds
  6. Done! You can start trading.

This entire process usually takes no longer than 10 minutes.

Freedom24: Trading Platform

Freedom Finance has its own platform, which Freedom24 also serves.

Freedom24 Graph trading Platform
Freedom24 Graph trading Platform

The platform is quite simple and has both advantages and disadvantages. It is friendly and intuitive for beginners, making it easy to start trading quickly. However, for those looking to professionalize their trading operations, it lacks advanced chart analysis tools and indicators such as moving averages.

Nevertheless, you can set price alerts and use stop-loss orders, among other features.

The platform is available on the web and also through its mobile app.

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:

The business hours are Monday to Friday, 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.

Freedom24 by Freedom Finance Europe Trustpilot
Trustpilot Freedom24

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 reviews contributes to a more robust and reliable average rating.

freedom24 opinions
Play Store Freedom24

Freedom24 Review: Summary

Freedom24 offers a range of appealing features that position it as a strong choice among investment platforms. Its straightforward interface and access to global markets make it an attractive option for investors looking to diversify their portfolios. The platform is well-regarded by users, receiving positive feedback on sites like Trustpilot and the Google Play Store, which highlights its commitment to a good user experience.

However, there are important risks for UK residents to consider. Freedom24 is not authorised by the Financial Conduct Authority (FCA), which means it may not offer the same level of regulatory protection as FCA-regulated brokers. This and potentially higher fees for some services suggest that UK investors should approach cautiously.

For those seeking alternatives, it might be wise to explore other brokers that are regulated by the FCA, ensuring enhanced safety and compliance standards.

Freedom24: Pros and cons

Pros of Freedom24Cons of Freedom24
✅ Wide variety of asset classes and markets❌ Not regulated in the UK
✅ Easy to use and intuitive❌ Trading fees quite high
✅ Savings account available❌Withdrawal fee
✅ No minimum deposits
✅ Demo account


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

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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 UK’s FCA (Financial Conduct Authority).

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 as those 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?

Considering some of the FCA-regulated brokers recommended above is advisable for UK residents 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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