Good for
- Accessing shares in international markets
- Participating in IPOs
- Mobile trading on-the-go
- 3 accounts to choose from
Not so good for
- Withdrawal fees via bank transfer
- Trades on cryptocurrencies
- Trades on CFDs
- 12% margin fees
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Freedom Finance review
An online broker where you can buy and sell shares, and participate in IPOs.
Freedom Finance is an online broker offering services and a platform for investors looking to trade in stocks, ETFs, futures, bonds and options.
Depending on your investing needs, choose from 3 account options where you can access a variety of markets and participate in IPOs of companies that are about to go public.
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Minimum Opening Balance
Stocks, ETFs, Options, Futures, Bonds
What you can trade?
Email, Phone
Support
Details
| Product Name | Freedom Finance |
|---|---|
| Tradable Markets | United States, Hong Kong, Germany, United Kingdom, Russia |
| Brokerage fee | IE stocks: €2 US stocks: US$2 |
| Fractional Investing | No |
| Go to site More Info |
Any special offers?
As of 3 March 2022, Freedom Finance Europe is offering new customers free unlimited trades for the first 30 days of trade activity.
Why invest with Freedom Finance?
Freedom Finance Europe offers investors a trading platform to access a number of markets around the world including NYSE and Nasdaq in the US, and the London Stock Exchange in the UK. With Freedom Finance Europe, you can currently trade stocks and ETFs in Ireland. This online broker also offers a demo account, allowing you to have a go at trading before getting your real money out. If you’re keen to get involved, the broker claims that sign up is simple and you can begin using a Freedom Finance account in 10 minutes.
What accounts are available?
Freedom Finance Europe offers 3 plans – Smart, Fix and Super – to match your own trading needs. The main difference is the amount of commission you will pay.
Smart
Monthly fee: €0
- The basic level plan with no discounts to the commission on trades
Fix
Monthly fee: €10
- The mid-level plan with some discounts to the commission on trades
Super
Monthly fee: €200
- The top-level plan with the most discounts to the commission on trades
Freedom Finance also has a savings account called the D Account. It is a fixed income account in USD where you can get 3% annually on your balance, paid on a daily basis. You won’t be able to trade with your D Account as this is only for savings. However, you can instantly transfer funds from your D Account to your trading account.
The D Account is automatically opened for any investor that has opened a live account with Freedom Finance Europe since 22 February 2021. Investors that opened an account prior to this date can log into their account in order to open a D Account.
Tools and features
- Freedom24. Freedom Finance Europe offers investors a mobile app called Freedom24. It is available for iOS and Android users.
- Tradernet. Freedom Finance Europe uses the Tradernet trading platform.
- IPOs. Participate in IPOs of companies about to go public. Find out which ones are available and any upcoming IPOs.
- SMS notifications. Keep a handle on your investments with SMS notifications. Just be aware that you may be charged for them depending on the account you choose.
- Investing Ideas. Freedom Finance has a whole space on its website dedicated to investing ideas, with financial news about companies.
- Demo account. Use Freedom Finance’s demo account first if you don’t want to risk any of your own money.
Which markets can I invest in?
With Freedom Finance Europe, you can access more than 1 million financial instruments including the following:
- Stocks
- Options
- Futures
- Corporate and Government bonds
- Investment funds
And depending on which financial instrument you’re interested in, Freedom Finance allows you to invest in a number of different markets around the world including the US, Europe and Asia. Choose from:
- NYSE
- NASDAQ
- HKEX
- LSE
- Deutsche Börse
- KASE
- MOEX
Is Freedom Finance trustworthy?
Freedom Finance Europe Ltd. is an EU-based subsidiary of Freedom Holding Corp. The online broker is regulated by 3 authorities: the CySEC (Cyprus Securities and Exchange Commission, BaFin, Germany’s Federal Financial Supervisory Authority, and SEC, the United States Securities and Exchange Commission.
Investor funds are protected up to €20,000.
However, as with any investment or trading opportunity, your capital is always at risk. Only invest amounts that you are prepared to lose.
What are Freedom Finance's fees?
Compared to other brokers available in Ireland, Freedom Finance Europe offers 3 accounts to suit your investment goals. Here’s a table of some of the key fees for each account:
| Fees | Smart | Fix | Super |
|---|---|---|---|
| Monthly fee | €0 | €10 | €200 |
| Margin rates | 12% per year | 12% per year | 12% per year |
| Commission on stocks and ETFs | Minimum of €2 per order + €0.002 per share | Minimum of €1.2 per order + €0.0008 per share | Minimum of 0.5% from the volume of each transaction + US$0.012 per share with a minimum US$1.20 per trade |
| US stock options | US$0.65 per order | US$0.65 per order | US$0.65 per order |
| Stock market withdrawals | €7 | €7 | €7 |
| SMS notification | €0.05 All Tradernet notifications are free | €0.03 All Tradernet notifications are free | Free All Tradernet notifications are free |
Experience from other Freedom Finance users
As of 3 March 2022, Freedom Finance is rated Great on Truspilot with a score of 3.9 out of 5 based on 39 reviews.| User ratings | # of reviews | What do customers say |
|---|---|---|
| 3.9 / 5 | 39 |
|
*Note: Information provided is based on the reviews and rating on Truspilot (3 March 2022).
Freedom Finance’s app Freedom 24 is rated 4.9 out of 5 stars from more than 4,000 reviews from Google Play users. And from 25 Apple users, it is rated 4.5 out of 5 stars.
How do I sign up?
Signing up to Freedom Finance is done exclusively online and an account can be available within 10 minutes as long as all relevant information is checked and verified.
- Head over to the Freedom Finance website and click on the “Open New Account” button.
- Add your email address and a password then complete the rest of the online application.
- Upload any supporting documents such as photo ID and bank statements.
- Once your identity has been verified, your account is ready to use.
How do I contact Freedom Finance support?
If you have a question about your account or a specific transaction, you can contact Freedom Finance via:
- FAQ: Before getting in touch with Freedom Finance’s support team, you should first look through Its database of Frequently Asked Questions to check if your question has already been previously answered.
- Live chat support. If you still have unanswered queries, you can chat to a Freedom Finance agent via its website.
- Email. For non-urgent enquiries, you can drop Freedom Finance an email at this address info@freedomfinance.eu
- Phone Support. For urgent enquiries from 9am to 9pm (GMT +2), you can contact Freedom Finance at +357 25 25 77 85.
Bottom Line
Freedom Finance is an online broker allowing its account holders to access more than 1 million financial instruments. Customers can choose from 3 different accounts and access stocks, ETFs, bonds, options and futures from a number of exchanges around the globe. It also offers investors the chance to open a savings account, known as the D Account, alongside its trading accounts. D Account holders can earn 3% in US$ per year.
Where it stands out from other brokers is that it is the only EU-based broker to offer an IPOs feature to investors.
However, if you’re looking to invest in cryptocurrencies and CFDs, you’ll have to look elsewhere.
Still interested but not ready to commit? Freedom Finance has demo trading accounts where you can dive right into the exchanges without risking any money.
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Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
