Broker «Freedom24» — rating, information, review
Description
A Cypriot broker that is part of the global Russian-American holding Freedom Finance Holding, whose shares are traded on the American Nasdaq stock exchange.
The holding has large representative offices in the USA, Kazakhstan, Ukraine, Uzbekistan, Kyrgyzstan, Germany, Cyprus, Azerbaijan, Spain, Greece, Armenia
More than 400,000 clients from all over the world use Freedom Finance services. The broker's main specialization is providing access to hundreds of thousands of trading instruments on the largest American and European exchanges.
The core of the management team is people from Russia and Kazakhstan who managed to create an international investment holding that successfully competes in the European and American brokerage services market.
Video about broker Freedom24
1. Pros and Cons
Pros
+ Client accounts are insured in the Cyprus Investor Compensation Fund up to 20 000 euros + Savings accounts for brokerage account balances with a floating yield of 3-5% per annum in USD and EUR with daily accrual (without restrictions on term and max. amount) + Bonuses when opening an account: gift stock exchange shares up to $800 for residents or EU residence permits when replenishing an account from 5,000 EUR + Favorable terms of savings accounts for 3, 6 and 9 months with rates of 6-8% per annum in USD and EUR + The only European broker giving European clients access to ETF on American indices and Bitcoin ETF + Access to 15 largest stock exchanges in America, Europe and Asia from one account + Clients are sent daily investment ideas (more like research) on specific Western companies with deep analytics, targets, timeframes, risks. + About 400,000 clients worldwide + Development in Fintech through its own IT company: its own trading terminal and a fully functional mobile application + Has 98 offices in 13 countries: USA, Germany, Cyprus, Austria, Bulgaria, Greece, Spain, Netherland, Poland, France, Italy, Russia, Kazakhstan, Uzbekistan, Ukraine, 2500+ employees + High-quality and prompt multilingual support 24/7Cons
- No access to currency trading, but it provides high interest income on its savings and savings accounts (from 5% in USD and 4% in EUR) - They do not provide access to popular investment products: copytrading, robo-advising, structured products, pre-IPO, crypto and digital assets - Initially, broker is focused on the American market - Has a brokerage license in Cyprus - High margin loan rate: 15-18% per annum in usd and euro - High fees for inter-depository transfers of securities, for example, to another broker2. Rating
Thanks to partnerships with major American and European infrastructure organizations, it provides reliable access and expertise to international exchanges and investment instruments
Has its own trading terminal, IT company and a strong analytical team
Does not provide access to currency trading, but has favorable savings accounts D-accounts in USD and E-accounts in EUR with a yield of 3-5% per annum and daily interest accrual that can be transferred to a trading account in a few clicks and buy assets on exchanges
It also has favorable conditions for savings accounts for 3, 6 and 9 months with rates of 5-7% per annum in USD and EUR
On the stock market, it provides access to 15 of the world's largest exchanges with 40,000 shares and 1,500 ETFs
Represented by 98 offices in 13 countries and a staff of 2,500+ employees
Sends daily analytical research in the form of investment ideas with in-depth analysis of companies with price targets, terms and risk calculations
3. Commissions and Tariffs
* We update the information, but commissions and tariffs may change, check the current information on the broker's websiteSecurities
| For investors | US, European, Asian exchanges: 0,02 $/eur for equities (2$ for order) |
|---|---|
| For traders | 0,012$ for equities (1,2$ for order) + 0,5% from each transaction OTC deals: 0.12% from one transaction and 30 euros for custody |
| Additional | IPO / pre-IPO from 20000$ only through a special company in a jurisdiction other than Cyprus: ntry fees: 5% of the transaction if less than $20000 4% if $20-50 thousand, 3% if > $50,000 exit: 0.5%, lock-up period: 93 days. |
| Margin lending | Margin loans: 0.049315% per day |
Currencies
| For investors | Does not provide access to trading on the currency markets, instead it provides high rates of return on its internal savings accounts: from 3-5% in USD and 3-4% in EUR |
|---|
Contacts
| Additional | Futures on non-US exchanges: 1.5 USD/EUR per contract Options on US exchanges: $0.65 per contract |
|---|
Custody, accounting, withdrawal of funds
| Storage | There is no subscription fee for account maintenance |
|---|---|
| Withdrawal | 7 USD / EUR for 1 order to withdraw funds to a card or bank account Depositing account: |
Conclusions about commissions and tariffs
The Cyprus division of the American holding Freedom Finance Holdings, listed on Nasdaq and with high capitalization
The division was created for the European, Asian and Arab markets, but accepts all clients. Regulated by the Cyprus Securities and Exchange Commission (CySEC)
Tradernet is a time-tested trading terminal, but does not always adapt to modern workloads and traders' demands.
It also provides access to the CQG terminal, popular with traders, with flexible settings for robotic trading
Transparent and affordable trading fees: from 0.02 euros per share/ETF and 2 euros per executed order per transaction
One of the lowest fees in Europe for American stock options ($0.65 per contract) for all tariffs
Access to the markets is very broad and comprehensive. For the IPO market, the entry threshold is from $20,000 and only through a special subsidiary structure in a jurisdiction other than Cyprus
4. Trading and investment tools
| Currencies | |
|---|---|
| Stocks | |
| Bonds | |
| Derivatives | |
| Commodities | |
| Funds/ETF |
5. Broker Products
| Asset management | |
|---|---|
| individual retirement account (IRA) | |
| Copytrading and signals | |
| Trading strategy | |
| Structured products |
6. Broker services
| Demo account | |
|---|---|
| Margin lending | |
| Voice account control | |
| Trading robots | |
| Filing tax returns |
7. Trading platform and smartphone applications
Trading platform
| QUIK | |
|---|---|
| Metatrader | |
| Own development | Tradernet, CQG |
| WebQUIK |
Apps for smartphone
App «Tradernet»
| Apple iOS | Download in AppStore |
|---|---|
| Android | Download in Google Play |
8. License and contacts
License
| Brokerage activities | The activity is regulated by the Cyprus Securities and Exchange Commission in accordance with license No.275/15 from 20.05.2015 Also regulated by other financial market supervisory organizations: ASIC, CySEC, FCA, FinCEN (US) |
|---|
Contacts
| Official site | https://freedom24.com |
|---|---|
| Head Office | Main Office: Christaki Kranou 20, Freedom Tower, 5th Floor, 4041 Limassol, Cyprus |
| Support phone number | tel: +357 2525 7787, fax: +357 2525 7786 |