General Information
Freedom 24 Is Headquartered In Cyprus And Operates Under The Supervision Of The Cyprus Securities And Exchange Commission (CSEC). It Offers A Diverse Range Of Market Instruments Such As Stocks, ETFs And Options.
But It Should Be Noted That Having Regulation Does Not Mean A Certain Safety. It Is Also Necessary To Trade With Caution And Pay Attention To Risks.
The Platform Offers Different Account Plans For All Types Of Investors, From "all-inclusive" To "super". The Spread Of Each Plan Starts From 0.008 €/$per Share.
Traders Can Use Freedom 24's Web Platform Or Mobile App To Trade.
Customer Support Is Available Via Phone, Email Or Physical Offices. For Money Management, The Platform Accepts Deposits And Withdrawals By Bank Transfers And Credit Cards.
Regulatory Information
Freedom 24, Operated By Freedom Finance Europe Ltd, Regulated By The Cyprus Securities And Exchange Commission, License Number 275/15, Effective From May 20, 2015.
This Regulatory Status, With A Focus On Market Makers (MM), Provides A Sense Of Security And Trust To Traders On The Platform. Regulated By Reputable Institutions Ensures That Freedom 24 Adheres To Specific Financial Standards And Practices, Improving The Reliability And Credibility Of The Platform For Users.
Advantages:
1000 + Instruments: More Than 1000 Financial Instruments Are Available For Trading.
Multi-account Plan: Multiple Account Plans Cater To Different Trading Needs And Strategies.
Regulated By The CSEC: Provides A Regulated Trading Environment That Ensures Compliance With Financial Regulations.
Advanced Trading Platform: Provides A Complex Platform That Supports A Wide Range Of Trading Activities.
Cons:
Complex Fee Structure: Fees Can Be Complex And Require Careful Attention To Fully Understand.
High Monthly Fees For Premium Accounts: Monthly Fees For Top-tier Account Plans Are Quite High.
Limited Client Server: There Are Limitations On Customer Support That May Affect Resolution Times.
Limited Withdrawal Options: Fewer Funds Withdrawal Options Limit Traders' Flexibility.
Market Tools
Freedom 24 Offers Trading In Stocks And ETFs Across Major Stock Markets In The United States, Europe, And Asia. Their Portfolio Includes A Variety Of Assets, Including Blue Chip Stocks, Startups, And Companies In Sectors Such As The Technology And Automotive Industries.
The Platform Enables A Diverse Range Of Trading Strategies, From Investing In Growth Stocks For The Long Term To Leveraging Borrowings For Short-term Trades. Freedom 24 Also Offers Investment Opportunities In Over 1,500 ETFs That Can Invest In The Entire Industry With A Single Trade, Including Major ETFs From IShares, Vanguard, And BlackRock.
Account Types
Freedom 24 Offers A Variety Of Suitable Service Plans For Different Client Bases:
All-inclusive (USD): Suitable For Users Looking For A Full Range Of Services, Including Personal Manager Support And Investment Offers, With No Monthly Fees.
Smart (EUR): Suitable For Small Traders, Standard Fees Are Offered, With No Subscription Fees.
Fixed (EUR): This Plan Charges A Monthly Fee Of EUR 10, Offers Lower Commissions, And Is Suitable For Users Looking For Consistent Trading Costs.
Super (EUR): Fees €200 Per Month, Suitable For Active Traders Who Make Multiple Trades, Providing Maximum Benefits By Lowering Commissions.
Service Plans, Monthly Fees, Stock And ETF Commissions (US/Europe) Stock And ETF Commissions (Asia) US Stock Options, Margin Lending, SMS Notifications, Personal Manager
All Inclusive (USD) 0 Dollars 0.5% + 0.012 Dollars Per Share + 1.2 Dollars Per Order 0.25% + 10 HKD Per Order 3 Dollars Per Contract + 10 Dollars Per Order 12% 0 Dollars Unavailable
Smart (EUR) 0 Euros 0.02 €/$per Share + 2 €/$0.25% Per Order + 10 HKD 0.65 Dollars Per Order + $ 0 12% 0.05 €per Order Not Available
Fixed (EUR) 10 Euros 0.012 €/$per Share + 1.2 €/$0.25% Per Order + 10 HKD 0.65 Dollars Per Contract + 0 Dollars Per Order 12% 0.03 €Not Available
Super (EUR) 200 Euros 0.008 €/$per Share + 1.2 €/$per Order 0.25% + 10 HKD 0.65 Dollars Per Order + 0 Dollars Per Contract 12% 0 Dollars Available
Open An Account
To Open An Account With Freedom 24, Follow These Steps:
Visit The Freedom 24 Website And Navigate To The "Registration" Section.
Please Fill Out The Registration Form With Your Personal Details.
Complete The Necessary Identity Verification Process.
Provide Financial Information And Investment Experience Details.
Please Read And Agree To The Terms And Conditions Of Service Carefully.
Submit An Application And Wait For Approval And Account Activation.
Spreads
The Fee Structure For Freedom 24 Varies Depending On Account Types And Trading Needs. The "all-inclusive" Plan With No Monthly Fee Charges 0.5% + 0.012 Dollars Per Share For US/European Stocks And ETFs And 3 Dollars Per Contract For US Stock Options. The "smart" And "fixed" Plans For Traders With Lower Trading Volumes Offer Lower Commissions Per Share And Per Order. The "super" Plan With €200 Per Month Is Tailored For Active Traders And Offers The Lowest Commission Fees Per Share And Per Order. This Hierarchical Structure Allows Users To Choose A Plan That Aligns With Their Trading Frequency And Strategy.
Trading Platform
Freedom24's Trading Platform Integrates A Variety Of Features To Facilitate A Convenient Trading Experience. Web Platform And Mobile Applications Offer The Latest Account Info, Analytical Tools And A Powerful Trading System. This Setup Facilitates The Execution Of Different Types Of Stock Orders, Including Limit And Stop-loss Orders. The Platform Is Designed To Be User-friendly And Provides Traders With The Resources They Need To Invest Successfully.
Deposits And Withdrawals
Freedom 24 Offers Multiple Payment Methods To Fund Transactions Accounts. Customers Can Make Deposits Using Major Credit Cards Such As MasterCard And Visa. In Addition, Bank Transfers Are Accepted, Providing Security Options For Customers To Transfer Larger Amounts Directly From Their Bank Accounts. These Methods Are Both Convenient And Secure To Suit Various User Preferences.
Customer Support
Freedom 24 Provides Customer Support At Its European Headquarters In Cyprus. Customers Can Be Contacted By Phone On + 357 25 25 77 85 During Working Hours (UTC + 2, 09:00 - 21:00) From Monday To Friday. You Can Also Send Inquiries To Info@freedomfinance.eu And Get More Information On Their Website Https://freedomfinance.eu/. The Support Team Will Assist With Various Questions Related To Their Services.
CONCLUSION
Freedom 24 Offers More Than 1000 Trading Instruments And Multiple Account Plans To Meet The Needs Of Different Investors. It Operates Within The Regulatory Framework Set By The Cyprus Securities And Exchange Commission, Ensuring A Safe Trading Environment.
However, Users Have To Face A Complex Fee Structure, While Users Who Opt For Premium Accounts Face Higher Monthly Fees. Customer Support And Withdrawal Options Are More Limited, Which May Be A Consideration For Potential Clients Evaluating Whether The Platform Is A Good Fit For Their Trading Strategies.
