Freedom24 Review: is it a good Broker? I’ve tested it for you (2024)

Freedom24 Review
4.6
(93)

In this review of Freedom24, I will describe exactly how the broker works and whether or not it is worth it.

It offers to invest in a huge range of stocks, ETFs and options, more than most trading platforms in Europe.

I will provide you with real examples from my own broker tests.

Beware, this is just my humble opinion as an active investor. Do your research before making decisions.


What is Freedom24?


Freedom24 is an online trading platform owned by Freedom Finance Europe Ltd.
Freedom Finance is a large financial company based in Europe and the U.S., that is even listed on the NASDAQ under the name Freedom Holdings Corp (FRHC).

What is Freedom24

Here are the things you need to know about Freedom24 right away:

  • It is the only European broker that belongs to a NASDAQ-listed group (+ transparency)
  • Is one of the few brokers that allows European investors to purchase non-UCITS ETFs beside all US Stocks on the US markets
  • It offers a basic account that yields 5,31% in USD or 3,86% in EUR
  • It offers savings plans with APY of up to 8,76%

What does it mean to have direct access to US stocks?

By trading online with Freedom24 I can buy thousands of US stocks and ETFs listed on many different markets worldwide.

Here are some information you need to know about Freedom24:

Available in Europe since2019
Authorized and supervisedYes, in Europe and in the US.
Ease of useMedium/High
Registered users399,000
Online reviewsExcellent
Where is it locatedCyprus / Berlin / Italy/ USA / Almaty
Who invented it?Timur Turlov
RegistrationFree
Year of foundation2008
Minimum deposit0
DEMO platform€10,000
CryptocurrenciesAvailable in ETFs
Basic yield3,89% up to 8,76%
Protection ICF guarantee up to €20,000
Web securityThe website has never been hacked
Strength ️Huge offer of assets + public listed group
SecurityHigh (client’s asset are separated from company assets)

Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. It is essential to do your own analysis before making any investment. 74% of the ETFs available at the Freedom24 platform generate passive income in the form of dividends.


Things to know about this European Broker

This broker today offers 40,000 stocks worldwide, 1,600 ETFs and bonds and 1,000,000 options from all continents.

The best thing I like about it is that I can invest in the greatest NON-UCITS ETFs and some of the most profitable closed-end funds in the US.

freddom24 screenshot from my computer

It gives access to many different markets in the world.


Pros and Cons of Freedom24

Here is s short list of the pros and cons of this platform:

Pros of Freedom24

  • Easy to register and access
  • I have started to get 3,89% interest already just by depositing money in my account
  • I have ICF guarantee up to a maximum of €20,000
  • I can deposit cash by credit card
  • Only $0.65 to trade US stock options (the lowest in Europe)
  • Closed-end-funds available like the sophisticated “BlackRock ESG Capital Allocation Term Trust (ECAT)”
  • Wire deposits are always free

Cons of Freedom24

  • No CFD available
  • 7€ for every withdrawal
  • Crypto ETFs are the only way to invest in cryptos
  • You need to download their app to get access
  • Not-so-modern looking interface
  • Credit card deposits are subject to 2% fee

Disclaimer: Investments in stocks and other financial tools always carry the risk of losing your capital. Forecasts or past performance are no guarantee of future results.

Pros and Cons of Freedom24

Star rating for Freedom24 stock broker:

Investment idea feature⭐️⭐️⭐️⭐️⭐️
Safety of the platform⭐️⭐️⭐️⭐️⭐️
Range of offered assets 🏆⭐️⭐️⭐️⭐️⭐️
Learning material⭐️⭐️⭐️⭐️
Smartphone app⭐️⭐️⭐️
Ease of use⭐️⭐️⭐️⭐️
Fees & pricing structure⭐️⭐️⭐️⭐️⭐️
Savings plans⭐️⭐️⭐️⭐️⭐️

👍🏻 Benefits of Freedom24 Broker

  • After making the deposit I can invest in thousands of stocks, ETFs and bonds at honest prices
  • The popular “Freedom24 D account.” really gives 8,76% interest on US dollars account
  • Savings plans look very convenient (I haven’t tested it yet)
  • Closed-end funds are available often with huge discount
  • Lots of US non-UCITS ETFs are available

👎🏻 Disadvantages of Freedom24 Broker

  • If I want to trade cryptocurrencies or I need to have a crypto wallet then Freedom24 is not for me
  • For the sake of completeness, it needs to be said that Freedom24’s smartphone app does not seem to be very popular with users at the moment. Those who prefer to trade only from mobile may have doubts (updated: the app has been improved lately)
  • The €7 withdrawal fee is the most hated characteristic here

All in all, I can consider this to be one of the best stock brokers in Europe today.


How does Freedom24 work?

Freedom24 works as a broker, that is, as an intermediary between me and the financial markets.

How does Freedom24 work

With Freedom24 I can invest in the stock market, have access to stocks, CEFs and ETFs that cannot be found elsewhere, and receive up to 8% on money held in their deposit.

Freedom24 is used to get access to the markets; it is a popular financial broker amongst experienced traders. As a matter of fact, Freedom24 is considered one of the best options trading platforms in Europe by most experienced traders.

Many people also use it just to get a 3,89% return on deposits.

Freedom24 executes my order through Euroclear and Vision Financial Markets LLC. The latter is registered with the Securities and Exchange Commission (U.S. SEC) as a self-clearing securities broker/dealer.

As far as I know, these institutions are safe and well known.


Is Freedom24 worth it?

I have tested this broker and I believe it is worth it for several reasons.

Free platforms like this one can be tested stress-free without any obligation to invest.

  • Those who want to know more can take the guesswork out of it without any financial effort by using the test demo account for free
  • Most investors use Freedom24 to gain access to as many as 14 markets
  • Freedom24 is one of the brokers offering the most shares in Europe and rare non-UCITS ETFs

It must be said that Freedom24 also offers all the typical services of the most popular brokers, namely thousands of stocks and ETFs on dozens of markets.

So Freedom24 is NOT just for the 3,89% account but is also used as a broker for ordinary trading and investing.

⚠️ Disclaimer: Investing in stocks and other financial tools always carry the risk of loss of principal. Past performance is not a guarantee for future results. It is essential to conduct a personal analysis before making any investment. If necessary, independent investment advice should be sought from a certified professional. RevenueLand does not recommend investments or investment instruments. Here I am just sharing the result of my personal test with this website. I don’t suggest you invest with any specific platform or brokerage firm.


How safe and reliable is Freedom24?

To find out if an investment platform is reliable, I gather official and unofficial information and with Freedom24 I have done just that.

How safe and reliable is Freedom24

Freedom24 is part of the powerful Freedom Holding Corp. group with as many as 2,000 employees in 10 countries and a very high capitalization (around 6 billion USD).

This company is publicly traded in America (FRHC), so it undergoes very strict transparency and balance sheet checks every year.

freedom finance stock on nasdaq

That is one more reason why Freedom24 is reputed to be a reliable and legal investing site.

Freedom24 is used by 420,000 people worldwide, mostly in Europe.

In August 2023: Freedom Holding shares suffered an unsuccessful speculative attack by a group of US researchers/traders. As far as my investigations have revealed, these claims have never been confirmed.
An external commission analysed the incident and confirmed that the allegations were unfounded.
In fact, the attack failed.

⚠️ Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. It is essential to do your own analysis before making any investment. 74% of the ETFs available at the Freedom24 platform generate passive income in the form of dividends. RevenueLand does not recommend investments or investment instruments. Here I am just sharing the result of my test with this website. I don’t suggest you invest with any specific platform or investing account.


To whom is Freedom24 suitable?

Freedom24 is a suitable broker for expert and not-so-expert traders who can have access to 14 exchanges worldwide from just one trading account.

The trading platform offers over 1,000,000 stocks, ETFs, options, and futures. It enables to trade of a huge array of financial tools compared to most of the other European trading brokers.

Are you an advanced trader?

You can benefit from the huge asset choice and the all-inclusive packages.

Are you new to investing?

You could benefit from the 3,89% interest paid on the idling money waiting to be invested. You can also read the “investing ideas” and get some precious inspiration. Always be careful and perform your research.


Licenses and authorizations

Freedom Finance Europe Ltd. has a European CySEC license CIF 275/15 issued in 20-05-2015.

licensed stock trading  broker

Freedom Finance Europe Ltd. is a European subsidiary of the publicly traded FRHC, Freedom Holding Corp.

Freedom Finance Europe Ltd. and Freedom Holding Corp report to 3 regulatory bodies:

  • Cyprus Securities and Exchange Commission (CySEC).
  • U.S. Securities and Exchange Commission in the U.S. (SEC).
  • Federal Financial Supervisory Authority (BaFin) in Germany.
freedom finance germany

Freedom 24 is a fully Esma MiFID II compliant broker, a regulatory framework established in 2018 that ensures the highest level of investor protection.

Protection of up to €20,000 ICF Freedom24, just like most European trading platforms.

Freedom24 is also a member of Euroclear.


What happens if Freedom24 goes bankrupt?

If Freedom24 goes into liquidation, clients’ assets will just be transferred to another brokerage account or custodian bank. The money idling in the account is protected by the ICF.

What is the ICF?

ICF is an investor compensation fund for European investors.

Freedom24 is authorised by CySEC, which is the financial supervisory authority in Cyprus.This obligates all regulated companies to join the Investor Compensation Fund (ICF).

So brokers such as Freedom24 registered in Cyprus offer up to max 20,000 euro compensation guarantee.

The Cypriot regulator also obligates Freedom24 to keep each customer’s funds in a separate bank account. If Freedom24 were to fail, customers would still be protected.

It is necessary to distinguish the ICF fund from the  European Deposit Guarentee Scheme (DGS) that covers up to €100,000, which does NOT apply in this case because it is not a bank deposit account.

Freedom24 Savings Account

What we call the Freedom24 “D account” is an account where I keep uninvested cash with a fixed yield. The yield on the Freedom24 deposit is 3,89% in euros and 5,31% in U.S. dollars. The interest on Freedom24 deposits is clearly very high.

Freedom24 is a direct member of the Euroclear Bank Admission Committee and has a “B” rating assigned by Standard & Poor’s Global Ratings.

It is also an active member of AFME (Association of Financial Markets in Europe).

Indeed, it is an investment platform subject to strict regulatory standards and verified by leading international institutions and authorities.

With all this information at hand, can I guarantee 100% that Freedom24 is infallible?


That would be going too far. However, based on this information I can remain comfortable and invest with confidence, just as I do with similar brokers registered in Europe and licensed in any European country.


Freedom24 Online Reviews

87% of those who write reviews on Trustpilot claim that Freedom24 offers Excellent or Good service. The greatest reasons for satisfaction come from users who notice simplicity and speed of execution.

The average Freedom24 online reviews are good.

Let’s look at them in detail, and then we will also look at the negative reviews about Freedom24 and who wrote them.

Reviews about Freedom24 from Trustpilot:

trustpilot freedom24 europe reviews

Another welcome aspect is the “Investment IDEAS” section. In that section are the freshest analyses of interesting stocks of the moment.

Now that we have aknlowedged the Freedom24 reviews online, let’s find out if there are any bad ones around.


⚫️ Negative Opinions Freedom24

I went and read all the negative reviews about Freedom Broker.

In fact, I was disappointed by the lack of competence of those who wrote them.

The biggest problem highlighted in the negative Freedom24 reviews is that you pay €7 to withdraw.

I don’t see that as a big limitation, although it would be nice if it was free.

It is a clear and round fee, not hidden as a percentage of transactions, as other platforms do.

In short, the €7 is seen and therefore transparent.

The second reason some people have a negative opinion of Freedom24 is that when they tried buying new stocks at their initial price (at the moment IPOs are not available) they could not get enough.

I understand the disappointment, but when everyone wants securities at their initial price (IPO) logically, demand exceeds supply, so not everyone will get enough.

Freedom Broker is clear about this: there is no guarantee that you will be able to get all of the stocks sorted.

One last thing that is not appreciated (but only affects advanced option investors) is the margin is at 12%. Whenever you decide to use leverage, you pay your leverage.

scam fraud freedom24
Scamadviser confirma Freedom24 is a trustable website.

⚠️ RevenueLand is NOT an investment advisor. Readers should not consider this publication to be an offer of personalized investment advice. Any future investments should be discussed with your financial advisor. Freedom24 is an authorized broker in Europe by the Cyprus securities and exchange commission to which the ICF fund guarantee of up to €20,000 applies.


How I sign up to Freedom24 step-by-step

You can open a Freedom24 account by providing your personal information in just a few minutes.

This allows you to immediately try the demo trading platform to test its functionality and then perhaps later deposit and invest.

Disclaimer: Investments in stocks and ti buy securities always carry the risk of losing your capital. Forecasts or past performance are no guarantee of successful investments and future achievements.

So here are the steps needed to open an account:

  • I register for free on the official website
  • I enter my tax residence
  • Then I confirm that I am a real user (via SMS)
  • I also confirm my identity with photos of 2 documents and selfie (it is safe and takes ~10 minutes)
  • I deposit as much as I want
  • At this stage I have started to earn 3,89% in euros or more from day 1

Account opening is complete.


Freedom24 Fees and Expenses

Here are all the fees you pay on Freedom24 (no hidden fees).

I can choose between two service plans, depending on how active I count to be.

Here are Freedom24’s fee plans:

freedom24 plans Europe

Here are the most important trading commissions applied on Freedom24:

freedom24 europe commissions

If I feel the need to be guided while using the platforms I might prefer the All-inclusive plan in USD.

Both plans are free and I pay only if I use it.


Who should use Freedom Broker in Europe?

Everyone who wants access to the world’s stock exchanges can use it.

Most inexperienced investors use Freedom24 just to get 3% interest on deposits and do nothing but wait to accrue interest.

Who should use Freedom Broker in Europe

On the other hand, those who also want to trade stocks and invest in ETFs can do so while still enjoying lmost 4% on the cash deposited while waiting to be invested.

On euro deposits yield is exactly 3,89% now.

Freedom24 offers everything that the best similar brokers offer, except CFDs (which are best avoided by beginners and in general in my opinion).

Freedom24 may not be famous for low trading fees, but this is only true for those who do a lot of transactions. By choosing the right plan this broker is not expensive, it is cheap.

The most similar brokerage firms are:

  • Interactive Brokers (for a variety of assets available but more difficult to use)
  • eToro (because it also offers a few non-UCITS ETFs)

Those who want to invest in Google Stocks or Amazon, can do so easily with this platform.

Long-term investing through funds, ETFs or dividend stocks is recommended by experts.

⚠️ Disclaimer: Investing in stocks and other financial tools always carry the risk of loss of principal. Forecasts are no guarantee of future results. It is essential to conduct a personal analysis before making any investment. If necessary, independent advice should be sought from a certified professional. RevenueLand does not recommend investments or investment instruments.


Experiences on Freedom24 on Reddit and financial forums

I have found little about Freedom24 in Italian finance forums and on Reddit.

Those who write on Reddit in other languages claim that they have bought U.S. stocks unobtainable on European brokers and are happy with them.

They also say that the broker works well and without problems.


Review Freedom24 demo account with €10,000

As soon as I finish the free registration I have 10,000€ and 12,000 USD available to do demo trading, so just to test the platform.

⚠️ Freedom24 introductory demo terminal money is not withdrawable, it is virtual money.

The test account is the safest way to try the trading platform for free.

Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. It is essential to do your own analysis before making any investment. 74% of the ETFs available at the Freedom24 platform generate passive income in the form of dividends.


How much to deposit to get 3% interest?

With Freedom24 since day 1 you already start to accumulate the 3,89% “D account” return.

Starting from €150 deposit you start to earn 3,89%. As far as I could see in my test they need at least 150€ to start paying interest.

Even if I keep the account in euros I can receive interest every day, but it is 3,89% per year.


Investment Research and hints

It is worth keeping an eye on the “investment ideas” (they are sent free to those who register, even if they do not deposit).

I never recommend investments, but I do recommend that you study from reputable sources, such as this one.

investment ideas

These are deals precisely analyzed by Freedom Finance in-house analysts. I have been following the “investment ideas” on this site for years, and I must admit that the quality is extreme.

An additional benefit enjoyed by those who deposited last year is that the U.S. dollar (USD) has strengthened greatly against the euro.

This trend may not necessarily continue, but for now, it has, US dollar accounts have had high returns partly due to the effect of the currency exchange.

Freedom24research effectiveness

68% of Freedom Finance Europe’s 2022 investment ideas showed positive returns (source Freedom24).

I find the analyses they do really interesting.

To receive them for free via email, all you have to do is register.

The site also offers a big section for learning how to invest.

It is called “Freedom24 Academy” and includes good training materials.

Note: This article is for informational and educational purposes only. RevenueLand is NOT an investment advisor. Readers should not consider this publication to be an offer of personalized investment recommendations. Any future investments should be discussed with your financial advisor. Freedom24 is an authorized broker in Europe to which the ICF fund guarantee of up to €20,000 applies.


Can you invest with Freedom24?

It depends on where you come from.

Here is the list of the countries where investors can register:

AustriaBelarusBulgariaBelgium
SwitzerlandCzech RepublicGermanyDenmark
EstoniaSpainFinlandFrance
GreeceCroatiaHungaryIreland
IcelandItalyLithuaniaLuxembourg
LatviaNetherlandsNorwayPoland
PortugalQatarRomaniaSweden
SloveniaSlovakiaThailandUAE

How do I deposit money at Freedom24?

To deposit I “click” on the green button in the top right corner “top up account”.

deposit freedom finance europe

At this point, he offers to top up the account by credit card or wire transfer.

I follow the instructions and after a few minutes, I am done.

⚠️ Depositing by credit card exposes me to a small fee (which is free in the first month, however). I prefer to deposit the amount I have in mind immediately via bank transfer.


Freedom24 customer service

Freedom24 broker support can be requested via email or instant chat.

Of course, there are also customer service phone numbers available.

When I registered I had an account manager to interact with.


Video Freedom24 YouTube

Here is a good video about Freedom24 on YouTube:

About Freedom Finance Europe (upd 06 May 2022)


My humble opinion on Freedom24

There are no big secrets, as I said this broker is great for trading:

  • non-UCITS ETS that are not easily available in Europe like the biggest ETFs ever, the SPY and the Vanguard
  • Closed-end-funds (very popular in the US)
  • Stock options (there are thousands of options available at good prices)

Besides these specialities, I also find all the ordinary stocks and bonds traded right in the biggest markets of the world.

The “investment ideas” service is something I get absolutely free and I believe it is valuable compared to the other popular and pricey stock advisor services.

It does not offer CFDs, but I don’t see a limitation on that, since CFDs are risky for those who are just starting. For prudence’s sake, it is better not to touch CFDs as a beginner.


Physical address Freedom Finance Europe LTD office, phone and contact

Here are the company physical addresses in Europe and emails with phone numbers of all offices:

Freedom Finance Europe Ltd
Authorised by the CySEC CIF License 275/15
dated 20 May 2015

Office address in Germany:

Kurfürstendamm 22 (Kranzler Eck Berlin, 4th floor) DE-10719 Berlin

freddo finance europe address office germany

Office address in France:

Liberty Tower 17 Place des Reflets CS 20362

92097 Paris La Défense Cedex

Office address in Spain:

Paseo de Recoletos, 6, pl 5, Of 1, Madrid 28001 Spain

Office address in Cyprus:

Christaki Kranou 20, Freedom Tower, 5th Floor
4041 Germasogeia, Limassol Cyprus

tel: +357 25257787

Office address in Greece:

80 Michalakopoulou str., Athens 11528 Greece

Office address in Poland:

Warsaw Financial Center

Ul. Emilii Plater 53, 00-113, Warsaw

For Institutional Clients the main office is:

28th October Avenue, 261, 1st Floor, 3507 Limassol, Cyprus


Stocks ETFs, Markets and Services

Freedom24 offers its customers access to over 1,000,000 instruments.

Among them, I found 35,000 stocks, 3,100 ETFs, 147,000 bonds, 855,000 options and 500 futures on 15 different exchanges.

Which exchanges does it give me access to

  • NYSE
  • NASDAQ
  • EURONEXT
  • Deutsche Börse
  • LSE stock exchange
  • HKEX ( asian stock exchange )
  • CME
  • + more

This list may be incomplete because every couple of months more exchange are added, this broker is growing fast.


What is Freedom24’s “D account”?

Freedom24’s “D Account” is offered free to everyone who registers and deposits.

It is basically an investment (not a guaranteed savings account) that pays a return of 5,31% per year in USD.

The good news is that interest is calculated daily, not annually. So every day I accumulate interest, without having to wait until the end of the year or month.

Having cash here implies no activity on the part of the user and is unlimited in duration at the moment.

In addition to the benefit of receiving 3,89% interest, the D account is the place where I can keep cash that I can later use to invest in stocks and ETFs.

⚠️ Disclaimer: Investing in stocks and other financial tools always carry the risk of loss of principal. Forecasts or past performance are no guarantee of future positive outcomes. It is essential to conduct a personal analysis before making any investment. If necessary, independent investment advice should be sought from a certified professional. RevenueLand does not recommend investments or investment instruments.


How much do you make with Freedom24?

Let’s be clear, all of the tools I talk about are serious and legal, but none offer certain and guaranteed returns.

How much money do you make with a stock broker is not the right question to ask.

screenshot dal mio acount freedom24 personale grafico

Investing involves risk, and Freedom24 is no exception, as it allows access to financial markets and these are volatile.


Is Freedom24 a scam or legit?

As an investor and after my investigation, I can tell you that FRHC and Freedom24 are not scams. Both are authorized and supervised by top institutions.

Freedom Holding Corp is on Wikipedia

Freedom Finance is a big business, so much so that it has a page on Wikipedia.

wiki frhc

It is reported that the founder became rich by trading online and investing.

Freedom24 offers investments, so you need to be careful as on all other trading platforms.

Here are the late financial results submitted to the SEC in the US:

freedom frac financial result profitable

Here are the founders, managers and staff of Freedom Holding on the day of its NASDAQ listing:

nasdaq frhc

⚠️ This article is for informational and educational purposes only. RevenueLand is NOT an investment advisor. Readers should not consider this publication to be an offer of personalized investment advice. Any future investments should be discussed with your


Freedom 24 Opinions in Netherlands and Germany

Freedom24 is becoming extremely popular in the Netherlands, Germany, and Portugal.

Most Dutch and German investors on Freedom24 prefer to keep part of their money invested in US ETFs and stocks, while enjoying interest on uninvested capital up to 8.7%. Reviews from users of Freedom24 in the Netherlands and Germany are positive, as seen on Trustpilot (mentioned earlier in the article) and on local forums.

The rush towards high interest rates is particularly pronounced in the Netherlands and Germany because banks in these countries are not generous with their customers, and high-yield savings accounts pay little.


Freedom 24 Review Summary

Mind you, this is just my humble opinion as an active investor. Do your research before making decisions.

At the moment I like this broker.

The main reasons are:

  • the number of assets available (Non-UCITS ETFs, Closed-end Funds, thousands of stock options)
  • the 3,89% interest paid on idling money waiting to be invested
  • the absence of dangerous leveraged asssets like CFDs

Compared to other brokers, it offers extra services, but it is still not the most popular broker, although it is growing vertically in Europe.

Investors with a lower risk appetite generally appreciate receiving the 3% return on what they deposit.

Never forget that the European broker guarantee fund only covers up to a maximum of €20,000 on the platform. This does not apply to your ETFs and stocks that stay yours in any situation.

Those looking for a comprehensive broker to invest in stocks and ETFs will definitely like a trading platform like this.

⚠️ Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. It is essential to do your own analysis before making any investment. 74% of the ETFs available at the Freedom24 platform generate passive income in the form of dividends. If necessary, independent investment advice should be sought from a certified professional. RevenueLand does not recommend investments or investment instruments.


FAQ

Where does Freedom24 keep my securities?

Securities purchased on U.S. stock exchanges are allocated to Vision Financial Markets LLC.
For transactions on European stock markets and the OTC Eurobond market, custody is in Freedom Finance Europe’s accounts with Euroclear.

If Freedom Finance Europe goes into liquidation what happens to my securities?

In the unlikely case, that Freedom24 goes into liquidation, the investors’ securities will be returned to the owners. The 20.000€ ICF guarantee covers the money not invested in assets. Given the level of regulation of this broker, I consider it unlikely that it would go bankrupt. In Europe, when a broker fails, customer securities are transferred to other accounts owned by the same users. A bankruptcy trustee takes care of this.
Under regulation 87(I)/2017, every broker based in the European Union must also be a member of the investor compensation fund. This coverage goes up to €20,000 maximum.

Can you certify that I own the shares I have bought?

The “broker report” available to all investors shows the stocks and quantities owned by each investor. Freedom24 is not a broker market maker, but buys securities in the market.

How do they give me the 3% in the D account?

Client funds in D accounts are invested, not just deposited.
The investment is done through currency swap transactions. These, on average, generate this 3,89% fixed non-guaranteed income.

How trustworthy is Freedom24?

Freedom24 is a very highly regulated broker. Its holding is quoted on NASDAQ, and so they are subject to lots of reporting every quarter.

How do I withdraw money from Freedom24?

To withdraw money from Freedom24 just click the “withdraw button” and insert the amount you want back to your account. It is only allowed to receive my cash via direct transfer, not via credit card.

What does Freedom24 do?

Freedom24 gives you access to ETFs, open and closed-end funds and worldwide stocks plus thousands of options.

Is Freedom24 any good?

Freedom24 is considered a good broker by its users, from people who left reviews on Reddit and Trustpilot. From my point of view, I consider this a good platform to invest.

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10 thoughts on “Freedom24 Review: is it a good Broker? I’ve tested it for you (2024)

  1. Another Flying Dutch says:

    I am glad you shared your test on this platform. I too am investing a few thousand euros in it because I wanted the mythical Schwab US Dividend Equity ETF and not some bland European copy of some sort.

  2. João Sagres says:

    I was a bit unsure at the beginning because I didn’t know this Freedom broker. I have started last year with it to buy the QYLD ETF and similar ones. Degiro does not have it. In the end this company is on Nasdaq, they have to report to the SEC, they must be transparent and so I have decided to trust it. Client support is very responsive so far.

  3. Chelsea Trading says:

    I have also tried quite a few brokers in both uk and germany. This one has all the stocks you want and more. Compared to eToro it offers a lot more. Only flaw perhaps is that it has a basic interface, not as modern as others. But in the end what does it matter? What matters for a platform is the securities and the cost. I have done the 10 euro a month package and it is fine.

  4. Notary Ann says:

    Lots of information, thank you. I was also on freedom 24, now I am inactive but planning to resume investing. The stocks I bought last year are doing well, so maybe I’d better stay a passive investor. Buy and hold so to avoid mistakes.

  5. Paul K says:

    In my experience freedom24 is quite good because it gave me the account manager. Now I understand most people don’t need it but he was helpful with me without being arrogant or pushy.

  6. Mar Yundt says:

    I am getting 8,27% interest on my USD account. It is all real! I could not find better deals in Germany so far.

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