Freedom24 Broker Review 2026 – Pros, Cons, Fees & Key Features
Freedom24 is a global platform offering stocks, ETFs, bonds, and options for all levels of investors.
Freedom24 is a European broker owned by Nasdaq-listed Freedom Holding Corp (FRHC). It offers access to 15 global exchanges, competitive fees, and unique features like professional analyst research. We tested the platform and reviewed what it delivers for European investors in 2026.
Pros and Cons
Who Is Freedom24 For?
Freedom24 works best for European investors who want access to global markets beyond just US stocks. The platform is particularly strong for:
- Investors seeking international diversification across US, European, and Asian markets
- Those who value professional research and analyst recommendations
- Medium to long-term investors who do not need fractional shares
- Traders interested in options and futures alongside stocks
It is less suitable for micro-investors who need fractional shares, cryptocurrency enthusiasts, or US residents (who are not eligible).
Fees and Commissions
Freedom24 offers two pricing plans with no monthly fees on either. The choice depends on your trading frequency and order sizes.
Other fees to know:
- Withdrawal: €7 flat fee per bank transfer
- Currency conversion: ~0.2% spread
- Portfolio transfer: €100 per security (ISIN)
- Account closure: €100
- Inactivity fee: None
- Custody fee: None
The Smart Plan works better for most retail investors making trades under €500. The Prime Plan becomes more cost-effective for larger orders where the percentage-based fee is lower than the flat fee.
Market Access and Products
Freedom24 provides access to 15 global stock exchanges from a single account:
- United States: NYSE, NASDAQ, OTC Markets
- United Kingdom: London Stock Exchange
- Germany: Deutsche Börse (Xetra)
- Pan-European: Euronext (Paris, Amsterdam, Brussels, Lisbon)
- Other Europe: BME (Spain), Borsa Italiana, Vienna, Athens
- Asia: Hong Kong Stock Exchange
Products available include over 40,000 stocks, 1,500+ ETFs, government and corporate bonds, US equity options, and futures. You get direct exchange access with full shareholder rights (voting, dividends).
The main limitations: no fractional shares, no cryptocurrency, and no forex CFDs.
Platform and Apps
Freedom24 offers three platform options:
- Web platform: Browser-based, no download required. Good for casual investors.
- Desktop app: Windows and Mac. More advanced charting and order types.
- Mobile apps: iOS, Android, and Huawei. Rated 4.5/5 on App Store.
All platforms include real-time quotes, technical analysis tools, portfolio tracking, and full order execution. The interface is cleaner than many professional platforms, making it accessible for beginners while still offering depth for experienced traders.
There is no MetaTrader integration or public API, which may matter if you use automated trading systems.
Safety and Regulation
Freedom24 operates under Freedom Finance Europe Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license CIF 275/15. This means:
- MiFID II compliance across the EU
- Investor Compensation Fund protection up to €20,000
- Client funds held in segregated accounts
- Negative balance protection
The broker is backed by Freedom Holding Corp, a Nasdaq-listed company (ticker: FRHC), which adds transparency through public financial reporting. S&P rates the parent company B+.
The €20,000 protection limit is standard for EU brokers but lower than the €100,000 bank deposit guarantee. Investors with larger portfolios should understand this distinction.
Customer Service
Freedom24 assigns personal account managers to clients, which is uncommon among online brokers. Support is available via:
- Email: support@freedom24.com
- Phone: Regional numbers for different countries
- Live chat: Through website during business hours
Hours are Monday to Friday, 9:00 to 21:00 CET. No 24/7 support, which can be limiting for traders active in US market hours.
The broker has won "Service Champion Gold" in Germany, and multilingual support covers most major European languages.
Welcome Bonus and Promotions
New clients can receive up to 20 free gift shares worth between $3 and $800 each through the WELCOME promotion (valid until February 28, 2026). The number of shares depends on your deposit amount:
- €1,000-€4,999 deposit: 4 free shares
- Higher deposits: More shares (check current terms)
There is also a referral program where you earn 1,000 points (€20 value) for each friend who opens an account.
For the latest bonus details, see our Freedom24 Welcome Bonus guide.
How Freedom24 Compares
Freedom24 occupies a unique position in the European broker market. Compared to commission-free brokers like Trading 212, Freedom24 charges fees but offers broader market access and professional research tools.
Compared to Interactive Brokers, Freedom24 has a simpler interface and personal account managers, but IBKR offers lower fees for high-volume traders and more advanced tools.
The lack of fractional shares puts Freedom24 behind Trading 212 and Lightyear for micro-investors building positions in expensive stocks.
Use our broker matching tool to compare Freedom24 against other options based on your specific needs.
The Bottom Line
Freedom24 delivers a solid platform for European investors seeking global market access beyond the typical US-only focus. The combination of 15 exchanges, professional research, and personal account managers creates genuine value for medium to long-term investors.
The main drawbacks are the lack of fractional shares, the €7 withdrawal fee, and expensive portfolio transfers. These matter more for micro-investors or those who might want to move their holdings elsewhere later.
For investors who trade whole shares, value research, and want diversified global exposure from a single EU-regulated account, Freedom24 is a strong choice.
Frequently Asked Questions
Is Freedom24 safe and legitimate?
Yes. Freedom24 is operated by Freedom Finance Europe Ltd, regulated by CySEC (license CIF 275/15). It is backed by Nasdaq-listed Freedom Holding Corp. Client funds are held in segregated accounts with investor protection up to €20,000.
What are Freedom24's main fees?
The Smart Plan charges €2 per order plus €0.02 per share. There are no monthly fees. Withdrawals cost €7 flat via bank transfer. Portfolio transfers cost €100 per security.
Does Freedom24 offer fractional shares?
No. You must purchase whole shares on Freedom24. This can be a limitation for building positions in expensive stocks like Berkshire Hathaway or ASML.
How long does account opening take?
About 10 minutes for the application. Verification is often completed within hours, though it can take 1-2 business days. There is no minimum deposit.
Which countries does Freedom24 accept?
Freedom24 serves European Economic Area residents. US residents are not eligible. Check with Freedom24 directly for specific country availability.
Does Freedom24 offer cryptocurrency trading?
No. Freedom24 focuses on traditional securities: stocks, ETFs, bonds, options, and futures on regulated exchanges.
What is the Freedom24 welcome bonus?
New clients can receive up to 20 free shares worth $3-$800 each. The number depends on your deposit amount. The WELCOME promotion is valid until February 28, 2026. Terms and conditions apply.
Does Freedom24 still offer IPO access?
Freedom24 historically offered retail IPO access, but availability varies. Check with Freedom24 directly for current IPO offerings, as this feature has been subject to change.
How does Freedom24 compare to Trading 212?
Trading 212 offers commission-free trading and fractional shares but limited to US and European markets. Freedom24 charges fees but provides access to 15 global exchanges and professional research. See our Trading 212 review for details.
When investing, your capital is at risk. The value of investments can go down as well as up, and you may lose some or all of your initial investment. Past performance is not indicative of future results.