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Freedom24 by Freedom Finance Review

Freedom 24 Freedom Finance

Freedom24 is the online trading platform of Freedom Finance Europe Ltd, the only EU-based stockbroker to be listed on the Nasdaq. Whilst it has a strong offering of over 1,000,000 financial instruments, its most unique feature is access to IPOs with an average return of 59% at the end of the lock-up period.

Read my full Freedom24 review to discover why this is an excellent proposition for both beginner investors and seasoned traders, but why their pricing model could end up penalising investors who intend to purchase a large number of shares.

Freedom24 is an online trading platform that provides the means to trade stocks, ETFs, bonds, options and futures as well as IPOs as recommended by Freedom Finance analysts.

IPOs (Initial Public Offerings) are a somewhat unique offering in this space and have historically been elusive to retail investors despite offering potentially lucrative returns. However, Freedom24 has sought to change this, lowering the bar of entry to the IPO financial markets and facilitating small-scale access to stocks at the initial offering price.

Freedom24 Review

Freedom24 Rating Summary

Overall Rating: 9/10
90%
Fees: 8/10
80%
Account Opening: 9/10
90%
Deposit and Withdrawal: 8/10
80%
Trading Platform: 9/10
90%
Markets and Products: 9/10
90%
Research: 9/10
90%
Customer Service: 9/10
90%
Education: 9/10
90%

Pros

  • Exclusive access to IPOs
  • Demo trading account
  • Zero fees for the first 30 days

Cons

  • Limited deposit and withdrawal methods
  • No cryptocurrencies

Who are Freedom24?

Freedom24 is the online investment platform and European subsidiary of Freedom Holding Corp, which has over $142 million in holdings and over $523 million worth of client assets under management.

Freedom24 provide access to 35,000 stocks, 3,100 ETFs, 147,000 bonds, 855,000 options and 500 futures across 15 stock exchanges. Their unique selling point is the access to IPOs which have been carefully selected by in house analysts who use market environment and business indicators to guide their recommendations.

Who owns Freedom24?

Both Freedom24 and Freedom Finance Europe Ltd are subsidiaries of Freedom Holding Corp which is headquartered in Cyprus with offices in the US, Ukraine, Germany, Russia, Uzbekistan and Kazakhstan.

Freedom Finance Europe Ltd was launched in 2008 by founder Timur Turlov who remains the largest shareholder (72%) to this day. Turlov is a Russian native with an economics and management degree who amassed his wealth through the sale of stocks to small scale investors.

Freedom24 review UK

Freedom24 product range overview

The stand out feature at Freedom24 is the opportunity to invest in IPOs, however also of note is the 3% interest on the Freedom24 D-account, the sheer number of trading instruments and the demo terminal.

What Freedom24 won’t provide investors with is any sort of tax wrapper.

Freedom24 D-account

As soon as you have opened the main brokerage account with Freedom24 you will automatically be assigned a D-account. This is a USD savings account that pays account holders 3% per annum daily interest.  This rate will beat most of the savings accounts available in the UK and Europe and your account can be topped up quickly and easily by card or bank transfer.

Apart from receiving interest, the D-account allows you to conduct instant transfers between your Freedom24 account, ensuring you never miss out on an IPO opportunity.

Freedom24 Initial Public Offerings (IPOs)

This is the stand out feature at Freedom24 when compared to other online trading platforms, the opportunity to uniquely participate in both US and European initial public offerings. Freedom24 offers several advantages in this respect including:

  • A lower entry threshold of just USD $2,000
  • 59% average return at the end of the lock-up period
  • IPO stocks that are carefully selected by Freedom Finance analysts
  • Ability to sell your shares at the end of the lock-up period
  • Ability to hedge your investment by buying a forward sales contract
  • Simple and straightforward participation process

Of course, IPOs are historically difficult to come by for retail investors so at Freedom24 allocation of these shares is dependent on your individual client rating which includes portfolio liquidity, trading activity, and consistency in IPO participation.

For people unfamiliar with IPOs, they provide access to the initial price of a companies stock, before the company starts to trade publicly. This provides an opportunity for profit as in the period between an initial price listing and the lock-up period expiring, the price can increase by 100s of per cent. However, this is not without significant risk as equally the price can decrease and past performance does not guarantee future returns.

For more information on trading IPOs read our Guide to Trading IPOs in the UK.

Freedom24 IPOs

Freedom24 demo account

The Freedom24 demo account offers users the opportunity to familiarise themselves with the platform as well as all the trading opportunities without any risk to their personal funds.

Freedom24 trading instruments

In addition to the IPOs, Freedom24 have an extensive range of investment options with over 1,000,000 trading instruments available on the major American, European and Asian markets.

At the time of this Freedom24 review, a retail investor is able to engage in stock trading on over 35,000 stocks in addition to exchange-traded funds, bonds, options and futures across 15 global stock exchanges.

Freedom24 tools

As well as a comprehensive blog and news section, Freedom24 offer the following tools:

  • Market depth and tick charts
  • Technical financial indicators and analysis
  • Price charts: candlesticks, bars and line
  • Stop loss and take profit orders
  • Trading event alerts
  • Automated investment stats calculation
  • Yield chart for you portfolio
  • Backtesting for tech analysis strategies
  • Place orders directly from charts

Freedom24 customer service review

Customer Service at Freedom24 is available via phone, email, live chat and some other social messaging platforms. Whilst conducting this review I tested their live chat function and found response times to be almost immediate with a polite helpful representative who was swift to answer my queries.

Freedom24 opening an account

Opening an account at Freedom24 is quick, easy and fully digital. Simply click on the green ‘Sign up’ button in the top right corner of the website and follow the prompts. You will be ready to buy securities and trade on stock exchanges in moments.

Once signed in your will also have access to upcoming IPOs as well as helpful information to assist you in your trading.

Freedom24 safety

The European division of Freedom24 is regulated by The Cyprus Securities and Exchange Commission whilst the remaining arm of the business is regulated by the American Securities and Exchange Commission.

Freedom24 are also fully compliant with EU law requiring them to retain membership of the Investor Compensation Fund, protecting customer assets up to the value of €20,000 per person.

In addition to this, being the only EU-based broker to be listed on the Nasdaq makes Freedom24 a highly solvent entity which are unlikely to experience financial difficulty. They currently enjoy a capitalization of USD 3.8 billion.

Freedom24 fees

At the time of my Freedom24 review, Freedom24 are offering 4 service plans with their investment account, each with their own pricing structure.

Worth noting is the Promo plan which offers completely free trading for the first 30 days of opening an account.

Freedom24 Fees

Promo

This is the freemium model which all new clients can take advantage of for the first 30 days after opening an account with Freedom24. It includes:

  • Commission per share €0
  • Minimum per order €0
  • SMS notification €0
  • Payment by card €0

Upon reaching the 30-day limit you will be automatically asked to choose from one of the following plans:

Smart in EUR

Ideal for new investors and investors only conducting a small number of trades. There is no account fee, however, there are trading fees to be aware of which could penalise investors who conduct many trades.

  • Commission per share €0.02
  • Minimum per order €2
  • SMS notification €0.05
  • Payment by card 2.50%

Fix in EUR

This plan has the advantage of lower trading fees, however, you would have to calculate whether this would offset the monthly account fee for your trading activity.

  • Monthly account fee €10
  • Commission per share €0.012
  • Minimum per order €1.2
  • SMS notification €0.03
  • Payment by card 2.50%

Super in EUR

This would be the most suitable plan for frequent and professional traders.

  • Monthly account fee €200
  • Commission per share €0.008
  • Minimum per order €1.2
  • SMS notification €0
  • Payment by card 2.50%

Freedom24 education

Education at Freedom24 includes analytical support, blogs, financial forecasts, investment recommendations, pro advice and financial news. This is more than adequate for the average investor.

New traders at Freedom24 have much to gain from the comprehensive analytical support offered at Freedom24. This includes a blog aimed at both experienced traders and beginners, providing useful information and guidance that includes financial forecasts and investment recommendations.

In addition, there is the option to seek support from Freedom Finance brokers which includes access to pro-investment advice and guidance. There is also plenty of information containing investment advice from reputable establishments including the likes of J.P Morgan, Merrill Lynch and other large investment banks.

The news tab on the home page links to a plethora of useful financial market news and of course, there is the Freedom24 demo account where retail investors can get to grips with real investing without risking personal funds.

 

Who is Freedom24 suitable for?

In my Freedom24 review, I found that both beginners and experienced investors have a lot to gain from investing with Freedom24, although the pricing structure will benefit some more than others depending on your individual circumstances and how often you trade.

However, its main appeal lies with those seeking to invest in IPOs as it is rare for an online portal to offer this opportunity. The free plan is also a great incentive for anyone looking to try their services.

Useful Information about Freedom24

This section contains useful information to make your experience at Freedom24 as seamless as possible.

How do I contact Freedom24?

My recommendation would be to contact Freedom24 using the live chat feature on their website as this had immediate responses from helpful agents. Alternatively, you can email clients@freedom24.com or use the WhatsApp link on their website.

How do I withdraw money from my Freedom24 account?

Withdrawals are quick and easy and can be done by instructing your broker to sell your stocks and withdraw all funds to your chosen destination.

Freedom24 FAQs

 

Is Freedom24 any good?

Yes, apart from being part of a comprehensive regulatory framework and being listed on a stock exchange, Freedom24 have a unique proposition at an excellent price with their option to trade in IPO shares as well as a vast array of financial instruments from American, European and Asian exchanges.

How long does it take to withdraw money from Freedom24?

Withdrawals are usually complete within 1 to 3 working days. Note that withdrawals can only be done via bank transfer and will incur a fee of €7.

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