Freedom Finance Review 2024: What Is This Stock Broker Worth? (2024)

Freedom finance Reviews 2024 : This international investment company offers approximately 1 financial instruments from its platform. In addition to stock trading, it offers retail investors the opportunity to participate in IPOs. Discover its offer in detail.

Freedom Finance 2024 Review – Our Expert Opinion

In our opinion, Freedom Finance is a stockbroker with several assets:

• It benefits from very strong regulations, an aspect that ensures its reliability and reinforces its notoriety,
• The large number of financial instruments available on its platform allows it to appeal to investors wishing to diversify their portfolios,
• Its offer is aimed at both individuals and small and medium-sized businesses looking for savings accounts with a higher interest rate.
• Overall, its offering is suitable for experienced traders.

The Broker Freedom Finance in A Few Key Figures with Notes

Here is a summary of the Freedom Finance broker.

Source: Freedom Finance official website

Who is the Freedom Finance Broker?

Before detailing the Freedom Finance offer and giving our opinion on this platform, we will start by getting to know it better. The Broker Review allows you to have a clear idea of ​​what the broker will be able to offer.

His history

Freedom Finance is a very well established brokerage firm. Several points sum up its identity:

• It was created in 2008 by Russian entrepreneur and financier Timur Turlov,
• In Europe, the company operates through Freedom Finance Europe Ltd, a subsidiary of the American group Freedom Holding Corp,
• Freedom Finance Europe Ltd is based in Cyprus,
• It is the only EU-based broker to be listed on Nasdaq.
• Several reputable authorities regulate its activities. These are the CySEC, the SEC and the BaFin,
• The company is a member of the Association for Financial Markets in Europe.

Some key figures

According to its site, some key figures represent the holding company:

• 75 offices in 7 countries including Cyprus, Germany, the United States, Ukraine, Kazakhstan, Uzbekistan and Russia,
• More than 2 employees,
• $142 million in equity,
• Group assets amounting to $523 million,
• 700 demo accounts,
• 340 real accounts,
• $14 billion in sales in 2018,
• $1,5 billion to have customers in 2018.

His offer

Freedom Finance offers several investment services:

• Its clients have access to almost a million trading instruments and 15 exchanges,
• They can invest in IPOs or IPOs,
• A D savings account allows them to store dollars and benefit from a rate of 3% per year,
• Its institutional clients can benefit from its white label.

Customer Reviews of the Broker Freedom Finance

We have collected a few reviews posted by Freedom Finance clients which we have grouped together in the table below.

Opinion on the Instruments Offered by Freedom Finance

Nearly 1 financial instruments are present on the Freedom Finance online trading platform. Its offer includes:

• 35 shares of companies located in Europe, the United States and Asia,
• 3 ETFs,
• 147 bonds,
• 855 options,
• 500 futures contracts.

Investors have access to several markets including:

• The American market including NYSE, Nasdaq, CME and AMEX,
• The European market such as LSE, Deutsche Boerse, Athens Stock Exchange, MOEX,
• The Asian market including HKEX.

Our opinion on Freedom24 instruments: Certainly, this broker does not offer Forex trading likeeToro as well as Vantage FX, however, thanks to its wide selection of financial instruments, traders still have the opportunity to diversify their portfolio.

Opinion on Freedom Finance's IPO Investment Offering

Freedom Finance is mainly distinguished by its offer of investment in an IPO or "Initial Public Offering" of European and American companies.

The A'svantages with Freedom Finance

The stock brokerage company presents severalvantages:

• She carefully selects the IPO,
• Participation is no longer restricted to wealthy investors as before as the company has significantly reduced the amount of participation. It has indeed set the minimum entry threshold at $2,
• This is a unique opportunity for European investors who wish to negotiate an IPO of companies established in the United States.

Past IPOs

Here is some information we have collected on past IPOs:

• Since 2012, analysts at Freedom Finance have recommended 258 IPOs,
• At the end of the 93-day blocking period, the return amounts to an average of 63%.

How the IPO works

The IPO works as follows:

• Freedom Finance analysts select the most attractive IPOs. The company informs its customers and collects requests for participation,
• From his personal space, the investor submits an order to buy securities,
• When trading begins, the value of the shares will begin to rise. For a period of 93 days, no sale is possible,
• During this blocking period, the investor can fix a price in a futures contract.
• Once the blocking period is over, the investor can dispose of the shares as he sees fit: sell them or keep them in his portfolio.

The Steps to Participate in the IPO

To participate in the IPO with Freedom Finance, a few steps are essential:

• Open an investment account,
• Fund it with at least $2, either by card or by bank transfer,
• Submit the request from the personal space, specifying the amount to be invested.

Can we trust Freedom Finance in March 2024?

Everything suggests that Freedom Finance is a trustworthy company.

Scams around Freedom Finance

We did not find any form of scam on the offer of this broker. Its clients can freely use the funds deposited on the platform to invest in the assets of their choice. They can also withdraw their winnings at any time.

Awards Received by Freedom Finance

The rewards attributed to a broker can symbolize the quality of its services and the recognition of its efforts. Freedom Finance in particular received several. Here are a few :

• “Best Consumer Credit Broker” 2021 awarded by Credit Awards,
• “The Best Analytic Center Award” 2020 awarded by Global Banking & Finance Review

Freedom Finance Regulation

Freedom Finance has itvantage to be a very well regulated company:

• The Securities and Exchange Commission located in the United States regulates the holding company,
• For its part, Freedom Finance Europe Ltd is a company duly registered in Cyprus under number HE324220. The Cyprus Securities and Exchange Commission (CySEC) monitors and regulates its activities. It obtained its license number on May 20, 2015 under the number CIF 275/15.
• BaFin, the German federal authority, also monitors the European subsidiary.

Freedom Finance Broker AMF or not?

The AMF does not supervise the activities of Freedom Finance Europe Ltd. However, since this broker is regulated in Europe by CySEC, it is fully authorized to offer all of its services to French traders. Moreover, he is regularly registered with Regafi, the register of financial agents. As a result, it is recognized by the Banque de France.

Does the Freedom Finance France Broker Exist?

Freedom Finance has over 75 offices around the world. A few of them are located in Europe. According to information received from the brokerage firm, it plans to open one in France.

Our opinion on the regulation of Freedom Finance: The company benefits from very strong regulation in Europe. It is fully authorized to offer its services in EU member countries. France is one of them. This is an important element which confirms its reliability and which provides significant security for European traders.

Freedom Finance Client Funds Protections Notice

In order to strengthen the protection of its clients' funds, Freedom Finance has adopted several measures:

• In compliance with the legislation in force in Europe, the company is a member of the Investor Compensation Fund. In the event of bankruptcy, its customers will be compensated up to €20,
• The securities purchased by the investor actually belong to him. Moreover, it is quite possible to obtain the documents confirming the right of detention,
• The holding company and its subsidiaries are regularly audited. Annual reports are then available on the Securities Exchange Commission.
• Apart from being regulated by CySEC, it operates under the guidelines of MiFID II.

Our opinion on Freedom Finance's protection measures: The broker seems to have done everything possible to reassure its clients.

Freedom Finance Deposits and Withdrawals Reviews

To provide the best trading experiences to its clients, Freedom Finance has made sure to facilitate the deposit and withdrawal procedures.

Payment Methods

To make a deposit on the Freedom Finance account, several payment methods are available:

• SEPA or SWIFT bank transfer,
• Visa card,
• The Mastercard card.

To withdraw winnings, the trader can use bank transfer.

These means of payment must belong to the Freedom Finance account holder. In addition, for the bank transfer in particular, the trader has the choice between several currencies including EUR, RUB, USD, KZT, GBP and JPY.

Processing Time

• In principle, the online broker processes withdrawal requests on the same day.
• However, if they are made outside normal working hours, they can only be processed the following day.
• The processing time for withdrawals varies depending on the provider and payment method chosen. The transaction is instantaneous for some methods. A few days are however necessary for bank transfers.

Opinion on Possible Transactions with Freedom Finance

To earn money with this company, the investor has the choice between 2 options:

• Bet on the difference in the exchange rate by buying assets and then selling them when the price increases,
• Collect the dividends received during the period in which the shares are in its possession.

Freedom Finance Trading Account Reviews

To offer the best trading conditions to its users, Freedom Finance has developed several accounts: a demo account, an investment account and a savings account.

The Freedom Finance Demo Account

Freedom Finance has a demo account. Investors have free access to familiarize themselves with the products and services available without taking any risk. Using virtual funds, they have the opportunity to try out the Freedom24 platform. They can also experiment with trading strategies.

The Freedom Finance Investment Account

To actually start investing with the broker, traders need to open a single investment account.

The Different Rates of an Investment Account

As soon as an investment account is opened, the client benefits from a promotional offer. This remains valid for the first 30 days following registration. In fact, the company offers the possibility for the new user to trade without any commission. At the end of the promotion, it automatically switches to the Smart rate at €0 per month. He can also choose other rates: Fix at €10 per month or Super at €200 per month.

Their difference lies mainly in the amount of commission. In principle, the higher the volume of transactions, the lower the fees.

Steps to Open an Investment Account

To open a Freedom Finance investment account, a few steps are necessary:

• Register online using a valid email address,
• Complete a short questionnaire,
• Sign the documents,
• Verify the account using identification such as an ID card, driver's license, or passport and proof of address such as a utility bill or bank statement.

The D Savings Account

Freedom Finance offers a sub-account called account D. It is in fact a savings account. Its specificities are as follows:

• The broker creates this account automatically for all investors who open an investment account,
• It is possible to fund it by bank transfer, by credit card or via a transfer from the investment account,
• It offers a fixed income in USD of 3% per annum,
• The brokerage company calculates profitability and pays income on a daily basis,
• The investment consists of currency swap transactions,
• The user has nothing to do since investment transactions are processed automatically by Freedom Finance.
• It is not possible to invest directly from the savings account. However, the user can easily (with a few clicks) transfer money to their investment account and then invest it.

Our opinion on the Trading Freedom Finance account:

• The existence of a demo account is a considerable asset. New users can easily try out the platform using virtual funds.
• As soon as they open an investment account, they benefit from an attractive promotional offer. For 30 days, the brokerage company does not charge any commission,
• They also have the option to choose between several pricing plans depending on their trading experience and budget.
• In addition, they automatically benefit from a savings account offering a high rate and daily returns.

Opinion on Fees Applied by Freedom Finance

Freedom Finance applies different fees depending on the investment chosen by its client.

Charges for Trading Listed Shares and ETFs

The fees vary according to the formula chosen by the client. In general, all new users benefit from a promotional rate during the 30 days following the opening of the account. Then they automatically switch to the Smart formula. They can also opt for the Fix or Super formula.

We have summarized Freedom Finance fees in the table below:

Costs Related to Participation in the IPO

For participation in an IPO of European and American companies, the broker calculates the fees in relation to the value of the assets held in the account:

• Less than $20: 000% of the transaction amount,
• $20 to $000: 49%,
• From $50: 000%.

For the sale and withdrawal of financial instruments, the commission is 0,5% of the transaction amount.

Fees Related to OTC Transactions

For OTC transactions, Freedom Finance charges commissions:

• A brokerage commission: 0,12% of the volume of the transaction,
• Deposit fee: $30.

Our opinion on Freedom Finance fees: The brokerage fees applied are competitive. However, they may vary. Investors are therefore advised to find out about the broker's pricing policy before opening an account.

Deposit and Withdrawal Fees

• Freedom Finance applies a 2,5% fee when the deposit is made by card.
• There are no fees for SEPA bank transfer deposits. However, the bank may charge a fee for swift transfers,
• The broker charges 7€/7$ if the withdrawal is made by bank transfer.

Freedom Finance Broker Trading Tools Review

With Freedom Finance and through its trading platforms, investors have access to a wide choice of trading tools. Examples are timeframes, charts, drawing tools and technical indicators. In particular, they allow them to correctly analyze the markets.

Freedom Finance Trading Platform Reviews

To offer the best trading conditions to its clients, Freedom Finance offers them the proprietary Freedom24 platform. This trading software offers traders the possibility of accessing many exchanges around the world. It stands out on several points:

• It is available in several languages ​​including French,
• It includes several features including:
  • online quotes,
  • analysis objects,
  • Take profit, stop loss,
  • technical indicators,
  • rating charts,
  • Trading event alerts,
  • order history,
  • A follow-up of the state of the portfolio.
• Traders can use it from their desktop computers, mobile devices or web browser.

Reviews of Training Offered by Freedom Finance

To support investors, Freedom Finance has set up several services:

• A demo account for trading with virtual funds,
• Expert investment advice,
• Full analytical support,
• investment ideas,
• Market news.

Our opinion on the Freedom Finance training offer: The educational content is not aimed at beginner investors. Missing are the basic courses, educational videos, webinars and other materials that allow traders of all levels to deepen their knowledge.

Freedom Finance Customer Service Notice

In the table below, we have collected reviews of Freedom Finance customer support.

How to Contact Freedom Finance?

To get in touch with Freedom Finance's European support service, several means of communication are available to traders:

• By live chat,
• By phone: +357 25 25 77 85 from 09:00 to 21:00 UTC+2,
• By WhatsApp,
• By email : [email protected].

How to Become an Affiliate at Freedom Finance?

Freedom Finance has developed several affiliate program types and pricing plans.

Rate Plans

• The CPA program which offers a reward of €5 to €300 for each customer who converts and makes a deposit,
• The CPA + introducing broker program which combines thevantages of the two planes. Rewards are based on conversions and customer activities. The broker offers €3 to €150 for each converted customer who makes a deposit. It also pays up to 25% commission for each transaction.

The A'svantages

The Freedom Finance affiliate program offers severalvantages:

• A personal manager assists new customers from account opening,
• The company provides ready-to-use marketing materials,
• Commissions are unlimited,
• A personal space facilitates the follow-up of customers in real time.

Approaches

To join the program, a few steps are necessary:

• Open an investment account using a valid email address,
• Publish marketing materials provided by Freedom Finance.

In Summary: Avantages & Désavantages

To conclude this opinion on Freedom Finance, we have analyzed its strengths and weaknesses.

Freedom Finance Opinion: Is it the Best Stock Broker for 2024?

Our opinion on Freedom Finance is positive. Overall, this is a very well-established stockbroker:

• Several top-tier jurisdictions regulate its activities,
• A wide choice of trading instruments are accessible from the platform,
• The fees are attractive.