Freedom24

Freedom24 is an unusual broker, one that quite distinguished in terms of both its achievements and its services. For one, we were not aware before that Freedom24 is listed on NASDAQ and as such its stocks can be traded with. This alone sparked our interest from the beginning, and compelled us to learn more about the broker. And the more we discovered, the more likeable Freedom24 became.

Freedom Finance Europe Ltd, the holding company of the broker is fully regulated by CySEC. However, it's worth noting that Freedom Finance Europe Ltd is in itself a subsidiary of Freedom Holding Corp, the latter being a United States a U.S corporation.

As far as FX regulators go, CySEC is considered one of the best, what with its attentiaon to details and its large set of requirements that, if not met, leaves every brokerage candidate out of the picture for the regulator. Some of the most important prerequisites that must be covered are a €730 000proof of financial stability, segregated client money, regular report handlings, and much more. Crucially, al CySEC brokers are covered by the Investor Compensation Scheme that covers a loss of up to  €20 000 per user should the broker fall into insolvency.

As part of its main CySEC license, Freedom24 can also offer cross-border services to other EU states whose own regulators oversee Freedom24. Moreover, as part of the EU, the company also abides by MiFID II, the crucial regulatory framework insuring a top level investor protection.

We usually trust regulated broker with their website's information, but in never actually hurts to open an account with one. It's a good way to check just how far the broker will go to make sure its candidate users are legit investors. We are happy to say that Freedom24 is diligent.

The broker deals mainly with stocks, and users can partake in IPO's by purchasing stocks of big firms with more companies to be added in the future.
Clients can also chose to trade with ETFs, bonds, currency pairs (however these are not the spotlight here and are not may in number), options, and futures. With over 40 000 shares and some 1500 ETFs Freedom24 sure knows what its doing.

However, if you are looking for a more casual FX experience, as good as Freedom24 is, it will not be able to accommodate these particular needs. It is not your run-of -the-mill FX broker, but a more distinct investment firm that caters to slightly more advanced and niche-focused users.

There are three account types, with the Promo one being available to new users within a 30-day period. On this account, there are no commission. The other two accounts, which are nameless for the time being, are quite typical. The second account issues a $0.02 commission per share ($2 min. per order), while the third account has a $0.012 per share (min. $1.2 per order). These are commissions that should not alter your trade game too much.
Furthermore, for OTC trading the broker bring home a 0.12% fee of the trade volume. Moreover, if users wish to debit a security, the will have to pay $60 to the broker.

There is also something called a D account, which basically allows the user to accumulate interest of time. This account is automatically created, meaning that all newly-registered users have access to one at no additional cost or effort. Investing in the D account yields an yearly profit of 3% that originates from automatic trades via currency swap transactions made on the behalf of the user, who instructs the broker how she or he wishes the D account to be managed (user cannot trade on a D account). Moreover, funds from the D account can easily be transferred to the user's trading account.

FREEDOM24 LOGIN

The company offers an impressive web terminal that we cannot say we have seen before, making it proprietary.

By the looks of it, this terminal promises to do all the things the broker has promoted on its website. Of course, it looks quite different form most FX brokers, but  Freedom24 isn't the typical an FX broker, is it?

Even though the design is different, after a while we got to look at it as we look the MT4 or any other respected trading software. There is the main chart – or trading menu- and then you have your trading options- pending order chart indicators, etc-, plus a log of all your activities. It's actually quite simple, and in reality, there isn't a ton of content here.

FREEDOM24 MINIMUM DEPOSIT

Deposits are safe with CySEC.

There is no minimum deposit requirement here. Basically, users can start their trading career with €0. Although, we do recommend investing something in order to feel the rush. However, one of the account types has a €10 per month maintenance fee that should not be a bother to anyone.

Clients can invest by means of credit cards debit cards, and wire transfers. It takes up to 3 days for some payments to get reflected into a user's account.

Deposits are not feed any amount. There may be commission from the payment systems though.

FREEDOM24 WITHDRAW TIME AND FEES

All transactions of withdrawals are safe and secure as promised by CySEC.

Withdrawals are processed through the same, aforementioned, payment systems.

There is a $7 fee for bank transfer withdrawals. Card withdrawals have not been discussed, but this can only mean that they are not commissioned.

We believe that all wire transfers are processed within 3 days, while cards are probably processed within a day.

BOTTOM LINE

This broker may not be for everyone, but we still urge any user to give it a chance. Not only will they learn something new, but they will have the great pleasure of interacting with this company. We recommend it to users wishing to up their game!