Freedom24 Review 2026: Our Complete Analysis
Last updated: January 2026 | view the full broker profile
This Freedom24 review covers everything retail investors in Europe and beyond need to know before opening an account. Freedom24 is the European brand of Freedom Holding Corp (Nasdaq: FRHC), a publicly listed group offering access to 15 global stock exchanges, IPO subscriptions, and a yield-bearing cash account. If you are a European investor looking for broad market access beyond the usual CFD broker fare, this review of Freedom24 breaks down whether it delivers.
About Freedom24
Freedom24 operates under the legal entity Freedom Finance Europe Ltd, headquartered in Limassol, Cyprus. The parent company, Freedom Holding Corp, has been listed on the Nasdaq (ticker: FRHC) since 2019, which provides a level of financial transparency unusual for retail brokers.
Founded in 2008, Freedom24 now serves over 550,000 clients across the EU, UK, Switzerland, and Liechtenstein. The platform supports 11 languages including English, French, German, Spanish, and Chinese, with offices in Paris, Berlin, Madrid, Warsaw, Athens, and Almaty.
Its core proposition is stock market investing — not leveraged CFD trading. The broker targets European investors who want direct access to global equities, and particularly those interested in US IPO participation, a feature very few retail brokers in Europe currently offer.
Regulation and Fund Security
Freedom24 is regulated by CySEC (Cyprus Securities and Exchange Commission) under license 275/15, with EU passport rights covering most European member states. The broker also operates as a tied agent under BaFin oversight in Germany.
| Regulator | Country | License | Type |
|---|---|---|---|
| CySEC | Cyprus | 275/15 | Full investment firm |
| BaFin | Germany | Tied agent | Tied agent registration |
Client funds are held in segregated accounts. The broker participates in the EU Investor Compensation Fund (ICF), which covers up to 20,000 EUR per client in the event of insolvency. On top of that, Freedom24 carries a supplementary insurance policy with Lloyd's of London, covering up to an additional 17,500 EUR per account.
Negative balance protection is in place. Given that the parent company is Nasdaq-listed and subject to US SEC reporting requirements, the level of corporate transparency is notably higher than most Cyprus-based brokers. That said, the group's origins include a Russian subsidiary that faced US sanctions in 2023 — a point worth noting for risk-conscious investors.
Trading Conditions
Freedom24 is a cash equity broker, not a CFD or forex broker. There is no leverage for retail clients (leverage up to 1:5 is available for eligible professional clients on certain instruments). All trades are executed directly on the underlying exchange.
Commission Structure
| Account | Commission (US equities) | Min. Commission | Min. Deposit |
|---|---|---|---|
| Standard | 0.02 USD per share | 2.00 USD | None |
| D-Account USD | N/A (savings) | N/A | None |
| D-Account EUR | N/A (savings) | N/A | None |
There are no spreads in the CFD sense — you trade at market prices with a fixed commission. The minimum trade size is 1 full share; fractional shares are not available.
D-Account (Interest-Bearing Cash Account)
A distinctive feature is the D-Account, which pays 4-6% annually on USD cash balances and 3.59% on EUR balances. This makes Freedom24 a dual-purpose platform: an investment account and a yield vehicle for uninvested cash.
Trading Platforms
Freedom24 offers three platforms:
- Freedom24 Web — browser-based platform, accessible on desktop and mobile browsers
- Freedom24 App — dedicated mobile application (iOS and Android)
- Tradernet — proprietary platform available on web, desktop, and mobile; designed for more active traders
Tradernet is the most feature-rich option, offering stock screeners, price alerts, charting tools, and access to Freedom Finance research. Automated trading (Expert Advisors) is not supported. Trailing stops are available; guaranteed stops are not.
The platforms are clean and functional rather than cutting-edge. Tradernet handles the analytical workload reasonably well, but dedicated active traders used to Bloomberg-level tooling may find it basic.
Tradable Instruments
Freedom24's instrument range is built around equities and fixed income, not derivatives.
| Asset Class | Availability |
|---|---|
| Stocks (NYSE, NASDAQ, LSE, Xetra, Euronext, ASX, HKEX, etc.) | 40,000+ |
| ETFs | 1,500+ |
| Bonds | 1,000+ |
| US Options | Available |
| IPO subscriptions | 100+/year |
| Forex / CFDs | Not available |
| Crypto | Not available |
| Commodities | Not available |
| Futures | Not available |
The IPO access is Freedom24's standout feature. Retail investors in Europe typically cannot subscribe to US IPOs at issuance price. Freedom24 provides that access — reportedly over 100 IPOs per year — which is a genuine differentiator in the European retail space.
Deposits and Withdrawals
The minimum deposit is 0 EUR/USD, which removes a common barrier to entry.
Deposit Methods
- SEPA bank transfer
- Bank card
- Sofort
- Cryptocurrency (USDT)
Withdrawal Methods
| Method | Fee | Processing Time |
|---|---|---|
| SEPA transfer (>500 EUR) | Free | 1-3 business days |
| SEPA transfer (<500 EUR) | 7 EUR | 1-3 business days |
| Bank card | Variable | 1-5 business days |
There is no deposit fee and no inactivity fee. The 7 EUR withdrawal charge on amounts below 500 EUR is a minor irritant for investors who make regular small withdrawals, but it should not concern long-term investors.
Customer Support and Education
Support is available Monday to Friday, 09:00–23:00 CET, via live chat, email, and telephone. Eleven languages are supported, which is genuinely broad for a European broker.
The educational offering includes:
- Demo account
- eBooks
- Video content
- Webinars
The research and education quality is adequate for intermediate investors. Freedom Finance publishes its own market analysis, and the stock screener provides basic filtering tools. It is not a platform built for absolute beginners who need extensive hand-holding, but it covers the essentials.
Pros and Cons
Pros
- Access to US IPO subscriptions at issuance price — rare for European retail investors
- D-Account paying 4-6% (USD) or 3.59% (EUR) on uninvested cash
- CySEC-regulated with EU ICF compensation up to 20,000 EUR plus Lloyd's insurance up to 17,500 EUR
- Parent company listed on Nasdaq (FRHC) — higher transparency than typical offshore brokers
- 40,000+ instruments across 15 global exchanges
- Multilingual support in 11 languages
Cons
- No CFDs, no forex, no crypto trading
- No fractional shares — minimum 1 full share per trade
- 7 EUR fee on withdrawals below 500 EUR
- Group has a controversial history (Kazakh origins, US sanctions against Russian subsidiary in 2023)
- US commission of 0.02 USD/share (min. 2 USD) is standard but not the cheapest available
- Not available to residents of Belgium
FAQ
Is Freedom24 safe and regulated? Freedom24 is regulated by CySEC (license 275/15) and operates as a tied agent under BaFin in Germany. Client funds are segregated, protected by the EU Investor Compensation Fund up to 20,000 EUR, and additionally insured with Lloyd's of London up to 17,500 EUR per account.
Can I trade forex or CFDs on Freedom24? No. Freedom24 is a cash equity broker. It does not offer forex, CFDs, crypto, commodities, or futures. If you need leveraged products, you will need a different broker.
What makes Freedom24 different from other brokers? The primary differentiator is access to US IPO subscriptions at issuance price — something very few European retail brokers provide. The interest-bearing D-Account (up to 6% on USD) is also unusual in the brokerage space.
What are the fees at Freedom24? For US equities, the commission is 0.02 USD per share with a minimum of 2 USD per trade. There is no deposit fee and no inactivity fee. Withdrawals below 500 EUR incur a 7 EUR fee.
Who is Freedom24 best suited for? Freedom24 suits European investors seeking broad global equity access, particularly those interested in US IPO participation or who want to earn yield on uninvested cash. It is not suited for active traders seeking leveraged instruments.
Verdict
Freedom24 reviewed in 2026 presents a compelling case for a specific type of investor: the European equity investor who wants genuine access to global stock markets and, crucially, US IPO subscriptions. The Nasdaq-listed parent company, CySEC regulation, and layered insurance framework give it a credibility level above many European retail brokers.
However, it is not a universal broker. The absence of CFDs, forex, crypto, and fractional shares means it serves a narrower audience. The sanctions-related controversy surrounding the parent group's Russian operations is worth monitoring, even if the European entity operates independently.
Final Score: 7/10
A solid, well-regulated equity broker with a genuine point of difference in IPO access and yield-bearing cash accounts. Recommended for long-term European equity investors, not for active or leveraged traders.
Trading involves risk of capital loss.
Article by the Analyse Trading team (@analysetrading) · Updated 01/2026 · view the full broker profile
Disclaimer: Trading involves high risk of capital loss. This article is for informational purposes only and does not constitute investment advice.