Freedom24 Review – The Best Trading Platform?
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Who are Freedom24 and what do they offer that’s different? Let’s find out in this Freedom24 review.
Who are Freedom24?
Freedom 24 is the online trading name of Freedom Finance Europe Ltd. These, in turn are the EU subsidiary of the Nasdaq listed Freedom Holding Corp, whose market cap is around $3.8B.
Freedom24* offer both an investment account and a savings account.
Getting Started
Freedom24 offer access to multiple different stock exchanges worldwide via their online trading platform. The platform is also available on desktop computer or mobile device. Freedom24 also have a mobile app which is available across different platforms.
There are over a million different trading instruments to choose from including stocks, ETFs, bonds, options and futures. These cover a variety of major exchanges across America, Europe and Asia.
Once you open a Freedom24 account* you will be able to access their demo terminal. This will allow you to get a feel for the platform before making your first trades.
Freedom24 don’t just offer a trading account. They also offer savings accounts known as a D-account. The interest payable on a Freedom24 savings accounts at the time of writing is 5.31% on USD and 3.89% on Euro balances. You can also easily transfer money between your investment and savings accounts.
Freedom24 Fees
Freedom24 offer 2 different account types. These are…
- Smart – No Monthly Fee, Euro Trading Account, No Personal Manager
- All Inclusive – No Monthly Fee, USD Trading Account, Personal Manager Included
The basic details of the fees charged on each of these accounts can be seen in the images below.
It’s worth noting that card payments carry a 2% transaction fee.
Support for New Investors
Freedom24’s customer service department will be available to answer any questions new traders may have. Customer service can also be contacted via phone, email, live chat or social media messaging apps.
There are also webinars available to help you learn the investing ropes. The Freedom24 InvestIdeas blog is run by award-winning Freedom Finance securities analysts. This blog includes investment recommendations and financial forecasts.
Freedom24 Reviews
While we hope our Freedom24 review is giving you the information we need it’s always good to get other real customer reviews too. On this note it’s good to see that the company have a score of 4.7 ou of 5 on Trustpilot with 85% of customers giving them 5 stars.
Is Your Money Safe?
If you are wondering if your money will be safe with Freedom24 here are a few points to consider. Freedom Finance…
- are fully MiFID ll compliant
- Only EU based broker listed on the Nasdaq
- Member of the Association for Financial Markets in Europe (AFME).
- Regulated by CySEC
The Verdict
We hope this Freedom24 review has helped you to decide whether they are the right investment platform for you. The ability to access to over a million different trading instruments and to hold both savings and investments in your account is a definite plus. The customer service options and also investment blog for users will also help you to get to grips with the platform and trading as a whole. This means the account can be suitable fro both beginners and more experienced investors.
To get started now open a promo account* with Freedom24.
*Capital at risk
*Tax treatment is dependent on your individual circumstances + *Subject to HMRC requirements
*Past results do not guarantee future results