With over 1.5 billion dollars in clients’ assets, Freedom Finance is an online trading broker that was launched in 2008. The broker provides over 150,000 traders with an intuitive trading platform to enable them to trade over 40,000 financial markets, including stocks, shares, ETFs, bonds, futures, options, and more. Interestingly, the broker allows private traders to directly buy into the IPOs at the initial price on the first day of trading for an IPO. The minimum deposit required to start trading is $1, while the commission fees start from $1.2.
Freedom Finance Review Introduction
In this Freedom Finance review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Freedom Finance.
Freedom Finance Platforms & Tools
The broker provides traders with an advanced in-house-built trading platform known as Freedom24. The platform allows users to trade multiple stocks across the globe easily. It also enables users to monitor and manage all aspects of their personal accounts and participate in the broker’s social network. Some of the platform’s key features include the following: online quotes for traded instruments, market depth, tick chart, technical indicators, and analytical objects, stop loss and take profit, trading event alerts, and many more. The platform is available in desktop, web, and mobile versions.
Freedom Finance Research & Education
Traders are provided with several learning materials to ensure improved trading skills and knowledge. They include learning articles, trading ideas, financial analysis, and market news that keeps traders up-to-date with the latest happenings in the financial markets.
Freedom Finance Trading Accounts
Freedom Finance offers the following trading account options: Promo, Smart in EUR, FIX in EUR, and SUPER in EUR accounts. The significant difference between each account is the amount of commission that you will pay. In addition, a demo account is available to help traders acquaint themselves with the broker’s platforms before opening a live trading account. The minimum deposit required to start trading is $1.
Freedom Finance Account Funding
Freedom Finance allows traders to deposit and withdraw funds to and from their trading accounts using bank wire transfers and credit/debit cards.
Some payment methods may not be available in specific countries, while the time taken to process transactions is dependent on the payment method in use. For example, bank transfers may take a few business days to clear, while some payment methods can be instant.
Freedom Finance Customer Service
Freedom Finance provides traders with a customer support team that is knowledgeable and responsive. The support team can be contacted 24/7 through telephone, email, Live Chat, and social media.
Freedom Finance Regulation
Freedom Finance Europe Ltd, formerly known as Freedom Finance Cyprus Ltd, is regulated by three authorities: 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.
Freedom Finance Review Summary
Putting it all together, Freedom Finance is an online financial services provider that is regulated by various financial authorities. They allow traders to buy and sell several trading instruments using their proprietary trading platform. The broker provides traders with some learning resources, while a client support team is available to assist them. A commission fee starting from $1.2 is charged on trades.
It is worth mentioning that some of the trading products and services in this Freedom Finance review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Freedom Finance broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.