Freedom Finance Review

Minimum Deposit: $1 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Freedom Finance Review

Summary

With head offices in the USA, Germany, Cyprus, Russia, Kazakhstan, Ukraine, and Uzbekistan, Freedom Finance is an online financial services provider that provides traders with a hugely impressive selection of over 1,000,000 trading instruments. They allow clients to trade in stocks, ETFs, bonds, futures, IPOs, and options on major American, European and Asian exchanges, on the best terms in Europe.

Freedom Finance is reputed for being the first stockbroker from Europe to be listed on the most prominent US stock exchange. Freedom Finance Europe Ltd is the European subsidiary of the public holding company Freedom Holdings Corp, headquartered in the U.S. state of Nevada. The holding is regulated by the American securities and exchange commission (SEC), and Freedom Finance Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). The minimum deposit required to start trading at Freedom Finance is just $1.

8Expert Score
Freedom Finance Rating

Invest in stocks, ETFs and bonds. Participate in IPOs and multiply your savings in the D-account. Freedom Finance has investments for everyone.

Trading Products
9
Commissions and Fees
8
Platforms and Tools
8
Research and Education
8
Deposit and Withdrawal
7

Freedom Finance Review

Pros and Cons

In addition to being a well-regulated brokerage firm, Freedom Finance provides traders with various competitive trading conditions that give them an edge in the financial market. The broker offers a wide selection of financial instruments across different asset classes. In addition, their clients are provided with an easy to use trading platform that is replete with exciting trading features. However, one of the top benefits of trading with Freedom is access to Initial Price Offerings (IPOs), allowing clients to participate in IPOs of some of the largest companies.

Pros
  • Access to trade in multiple financial instruments
  • Clients can participate in IPOs for the initial stocks price
  • Flexible cost plans to suit your needs
  • Minimal trading fees
  • Proprietary trading platform: Freedom24
  • Reputable and well-regulated brokerage firm
  • A wide range of Trading Products, including IPOs
  • Intuitive trading platform
  • A range of helpful trading tools
  • Educational resources
  • Demo account
  • Access to buy stocks 24/7
  • Quick account opening process
  • No inactivity fees
  • 30 days no-fee promotion
Cons
  • No cryptocurrencies
  • No forex trading
  • No MetaTrader platforms
  • No Trading Central and Autochartist
  • No social trading
  • No Islamic account
  • No e-Wallet funding options

Freedom Finance Review

Trading Products

Of course, one thing you will notice and love about Freedom Finance is the availability of a vast range of trading products. The available financial instruments include Stocks and Shares, ETFs, Bonds, Futures, IPOs, and Options. In addition, traders can buy and sell over 40,000 shares of “blue chips” and start-ups in the USA, Europe, and Asia. This enables clients to become shareholders of world-leading companies like Facebook, Apple, Amazon, Microsoft, Coca-Cola, Disney, and Alibaba.

Also, the broker offers access to invest in commodity funds where users can speculate on the underlying price movements of gold, oil, and other assets. They offer hedge positions in stocks with futures contracts. You can also trade in 1,500 ETFs of iShares, Vanguard, BlackRock, and other major asset management companies. They have one of the most impressive product portfolios that I have ever seen, up there with Saxo Markets.

Freedom Finance Instruments Summary

Instruments Freedom Finance
Forexx
Stocks
Indicesx
Commodities
Cryptosx
Options
Bonds
ETFs
CFDsx
IPOs
Futures
Freedom Finance Instruments

Freedom Finance Review

Commission and Fees

Commission and Spread Fees

Commission and spreads are some of the essential trading fees in the financial markets. While commission fees represent some small transaction fees, the spreads are the difference between the buy and sell prices. Generally speaking, the lower the combined spreads and commission fees, the more you can save in the long term.

Freedom Finance has some of the best spreads you will find and very low fees. They have low variable spreads from as low as 0.0 pips. On the other hand, the Freedom Finance commission fees may vary depending on the type of trading account you choose and the trading instrument.

While the broker offers various trading account options — Super, Fix, and Smart accounts — the main difference is the amount of commission you will pay. Generally speaking, the larger your trading volume, the lower the fee. The Super account commission per share starts from $0.008 with a minimum of $1.2 per order. The fix account commission per share starts from $0.012 with a minimum of $1.2 per order. Finally, the Smart account commission per share starts from $0.02 with a minimum of $2 per order.

Fee Super Account Fix Account Smart Account
Commission (per standard lot per side)$0.008$0.012$0.02
Spreads from0.00.00.0
Freedom Finance Fees

Deposit and Withdrawal Fees

The broker does not charge any fees for account deposits and withdrawals. However, there may be some third-party fees depending on your payment provider. For example, there is a 2.5% charge on card deposits, and you may incur a fee from your bank when depositing funds via wire transfer.

Inactivity Fees

Freedom Finance does not charge an inactivity fee on clients’ accounts. Inactivity fees are charges that some brokers place clients’ if they leave the account dormant for a prolonged period.

Freedom Finance Review

Platforms and Tools

Freedom24

The broker provides traders with a proprietary trading platform that is known as Freedom24. It is a state-of-the-art trading platform that allows traders to easily buy and sell over one financial million instruments, including IPOs. In addition, the platform enables clients to monitor and manage all aspects of their accounts and participate in the broker’s client social network.

With the Freedom Finance trading platform — Freedom24, the broker’s clients can gain seamless access to multiple stock exchanges worldwide. It provides clients with trading capabilities and access to the NYSE, NASDAQ, LSE, Deutsche Börse, KASE, Ukrainian Exchange, MOEX, SPBEX. In addition, it is replete with various built-in helpful trading tools, which can be used to analyse the markets across multiple chart types and timeframes. Some of the essential trading tools available on the Freedom24 trading platform include a range of technical indicators and drawing tools to find opportunities on all of your favourite instruments.

Freedom Finance Mobile Trading App
Freedom Finance Mobile Trading App

The Freedom24 platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. The web version runs directly on modern web browsers — Chrome, Safari, Firefox, and Edge, eliminating the need to download or install additional software. The mobile trading app is best suited for traders who wish to place trades and check trading positions while on the go as long as there is an internet connection.

Platform features:

  • Allows traders to create trade orders for the purchase and sale of securities
  • Available in desktop, web, and mobile versions
  • Supports demo account
  • Access to view a history of orders, the status of orders, trades executed on the order
  • Permits portfolio tracking
  • Online quotes for traded instruments
  • Market depth, tick chart
  • A suite of technical indicators and analytical objects
  • Quotes charts – candles, bars, and line
  • Stop loss and take profit
  • Trading event alerts
  • View data on securities in real-time
Freedom Finance Platform
Freedom Finance Platform

Freedom Finance Platforms Summary

PlatformFreedom Finance
MetaTrader 4 (MT4)x
MetaTrader 5 (MT5)x
cTraderx
Proprietary (Freedom24)
Desktop
Web
Mobile
Social Tradingx
Other x
Freedom Finance Platforms

Freedom Finance Review

Research and Education

The broker has a rich selection of educational resources, which are aimed at improving clients’ overall trading skills and knowledge. The broker’s range of educational resources includes investing ideas, news, and a section that is dedicated to providing knowledgeable answers to some of the clients’ most common questions.

Invest Ideas

This section is very beneficial to stock traders on the Freedom Finance trading platform. It displays the growth potential of various stocks and the several recommendations by Merrill Lynch, J.P. Morgan, and over 50 other reputable investment banks for the securities you are interested in. The Invest Ideas section also allows you to study the forecasts made by Freedom Finance analysts.

Market News

The Market News section on the broker’s website is dedicated to providing traders with up-to-date news on the latest events that take place in the financial markets. The news articles are updated regularly as the news and insights come up. And they form a significant part of clients’ fundamental analysis when trying to gauge the overall opinion of the markets.

FAQ

FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers. The FAQ section provided by the broker is developed to feature various essential trading questions, such as How to Get More Shares in an IPO? Can I own the shares directly through depository storage without Freedom Finance Europe nominal shareholding? Why is Freedom Finance Europe a trusted company? Is it safe to keep my assets with you? What will happen if Freedom Finance Europe goes bankrupt and goes into liquidation? Is there any document confirming that I own the securities? Where do you store the securities I bought? Who owns the shares I purchased with Freedom Finance Europe? How to participate in an IPO? and many more questions.

Freedom Finance Research and Education Summary

ResourcesFreedom Finance
Market Analysis
Guides
Videos
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Other (Invest Ideas, News, FAQs)
Freedom Finance Resources

Freedom Finance Review

Deposit and Withdrawal

At Freedom Finance, all account deposit and withdrawal requests can be processed using credit cards and bank wire transfers. In addition, the broker has implemented several measures to ensure that all deposit and withdrawal processes are seamless and secure.

To carry out a deposit or withdrawal transaction, traders can log into their secure client portal, navigate to the “Funds Management” tab and click on either deposit or withdrawal, then select their preferred payment method. However, it is vital to bear in mind that some payment methods may only be available to specific countries, and not all are available for both deposit and withdrawal.

Some fees may be charged when using specific payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. For example, bank transfers may take a few business days to clear, while some payment methods can be instant.

Also, some payment systems may have transaction limits, restrictions, and requirements that are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Freedom Finance strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Freedom Finance trading account.

I think there is some room for improvement in this area. I would like to see them support some more modern forms of payment such as e-wallets and cryptocurrencies. If you want to fund your trading account using something other than wire transfer or card payment, you could have a look at Trading 212 as they have a better variety.

Freedom Finance Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Walletsxx
Cryptosxx
Freedom Finance Funding Options

Freedom Finance Review

Regulation and Safety

Freedom Finance Europe Ltd is regulated by three top financial authorities, namely: Cyprus Securities and Exchange Commission (CySEC), Germany’s Federal Financial Supervisory Authority (BaFin), and the United States Securities and Exchange Commission (SEC).

They operate under MiFID II rules, which is a legislative framework with a high level of investor protection. The broker’s regulation by the Cyprus Securities and Exchange Commission allows them to operate in the European regions. In contrast, their regulation by the United States Securities and Exchange Commission (SEC) strongly indicates that the broker accepts clients from the United States of America.

The broker is fully compliant with the MiFID II, a regulatory framework that ensures the highest investor protection level possible. Freedom Finance is also a member of the Association for Financial Markets in Europe (AFME).

Freedom Finance Regulation Summary

RegulatorFreedom Finance
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (BaFIN, SEC)
Freedom Finance Regulators

Freedom Finance Safety

In more ways than we expected, Freedom Finance has shown that the safety of clients’ funds is their foremost priority. I personally would not have any problems trusting them at all.

The broker claims to be a reliable firm with an extensive experience in the stock market and is regulated by government authorities and auditors, making them accountable to three regulators — CySEC, BaFin, and SEC. With that regulation grade, it is inconceivable that the company commits any infringements that could lead to bankruptcy. Freedom Finance is the only Nasdaq-listed European broker, and they have a European CySEC license and a “B” long-term credit rating assigned by Standard & Poor’s Global Ratings.

Interestingly, they have stocks that are trading side by side with Apple, Google, Facebook, and Intel. The broker is also fully compliant with the MiFID II, a regulatory framework that ensures the highest investor protection level possible.

Freedom Finance Review

Client Support

The broker’s client support team comprises professionals who have gained a wealth of experience in the stock trading market. The support team is always available to respond to clients’ general, technical, and account-related inquiries. They can be reached via telephone, email, or live chat, with contact details for multiple locations available on the Freedom Finance website.

Freedom Finance Review

Conclusion

Founded in 2008, Freedom Finance is an online financial services provider that provides traders with the ease of trading over 1,000,000 financial instruments across different asset classes, including Stocks and Shares, ETFs, Bonds, Futures, IPOs, and Options. They provide traders with a proprietary trading platform, which is available in desktop, web, and mobile versions. In addition, their clients benefit from a selection of learning resources and the services of a knowledgeable client support team.

Essentially, Freedom Finance is a very well-established brokerage firm that is regulated in multiple jurisdictions. There are various favourable trading conditions — low spreads, low commission fees, zero deposit and withdrawal fees, secure funding options, and more — to help traders get the most out of their traders. The minimum deposit required to start trading is $1, allowing traders to invest with any amount they can afford.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Freedom Finance Review

FAQs

When was Freedom Finance founded?

Freedom Finance was founded in 2008.

Where is Freedom Finance located?

Freedom Finance has its headquarters and offices in the US, Germany, Cyprus, Russia, Kazakhstan, Ukraine, and Uzbekistan.

Is Freedom Finance regulated?

Freedom Finance is regulated by the Cyprus Securities and Exchange Commission (CySEC), Germany’s Federal Financial Supervisory Authority (BaFin), and the United States Securities and Exchange Commission (SEC).

What trading instruments does Freedom Finance offer?

The broker offers the following trading instruments: Stocks and Shares, ETFs, Bonds, Futures, IPOs, and Options. Traders can buy and sell over 40,000 shares of “blue chips” and start-ups in the USA, Europe, and Asia. Also, the broker offers access to invest in commodity funds where users can speculate on the underlying price movements of gold, oil, and other assets. They offer hedge positions in stocks with futures contracts. You can also trade in 1,500 ETFs of iShares, Vanguard, BlackRock, and other major asset management companies.

What is the Freedom Finance minimum deposit?

The minimum deposit required to start trading is $1. This means that traders can choose to start trading with the amount that suits them.

What trading platforms does Freedom Finance offer?

Freedom Finance provides traders with the Freedom24, a proprietary trading platform that is available in desktop, web, and mobile versions.

What is the Freedom Finance commission fee?

While the broker offers zero commission to new clients, they also charge low commission fees, which may vary depending on the account type you are trading with. The Super account commission per share starts from $0.008 with a minimum of $1.2 per order. The fix account commission per share starts from $0.012 with a minimum of $1.2 per order. Finally, the Smart account commission per share starts from $0.02 with a minimum of $2 per order.

Does Freedom Finance charge an inactivity fee?

Freedom Finance does not charge any inactivity fees.

What are the Freedom Finance spreads?

The broker charges low variable spreads starting from 0.0 pips.

What funding options does Freedom Finance offer?

Freedom Finance allows traders to deposit and withdraw funds to and from their trading accounts using bank wire transfers and credit cards.

Does Freedom Finance offer demo trading?

Yes. The broker offers a demo account for practice purposes.

Does Freedom Finance offer Islamic accounts?

No. Freedom Finance does not offer an Islamic account.

How do I contact Freedom Finance customer support?

The broker’s knowledgeable client support team can be reached via the following contact channels: telephone, email, live chat, and social media.
Freedom Finance Review
Freedom Finance Review
Minimum Deposit: $1
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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