Forex Trading Freedom24 Broker Review

Performance Matrix

Main Score & Risk Matrix

#1179

Score

4.6

Average

Freedom24 is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 4.8

Business 4.1

Risk Control 4.4

Software 5.1

Regulatory 4.6

Terminal Snapshot

Freedom24 Trading Conditions

Registered Region Cyprus

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website en.freedom24.com

Balanced Review

Pros & Cons

Pros

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
Diverse range of trading instruments including stocks, ETFs, and options
User-friendly trading platforms including web and mobile applications
Access to 15 global stock exchanges
Investor protection through the Investor Compensation Fund up to €20,000

Cons

Withdrawal fees of €7 for bank transfers
Limited advanced trading tools available
No support for cryptocurrency trading
Complex user interface for new investors
Does not accept U.S. clients due to regulatory restrictions

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Freedom24	XM	InterStellar	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Cyprus	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	4.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Freedom24 Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
All Inclusive Account	General traders	No monthly fees, low transaction costs	Suitable for diverse trading volumes
Smart Account	Casual investors	Low transaction fees, no monthly fees	Ideal for occasional trading
Fix Account	Frequent traders	Fixed monthly fee, advantageous for high volumes	Requires consistent trading activity
Super Account	Professional traders	High fixed fees, tailored for active trading	Best for large-scale trading operations

Account Opening Process

To open an account with Freedom24, users must complete several steps. Initially, they need to provide personal information, employment details, and financial information. Following this, identity verification is required, which includes submitting a clear copy of an ID and proof of address. This step ensures compliance with regulatory standards. Additionally, users have the flexibility to upgrade their accounts to a professional account in the future, accommodating evolving trading needs.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0 (ECN: $3.5/lot)	Tight spreads for major currencies
CFDs (Stocks)	Varies	€0.02 per share	Minimum €2 per order applicable
Cryptocurrencies	Varies	0.1%	Commission based on transaction value

Other Fees

In addition to trading fees, several other costs may apply when using Freedom24. These include deposit and withdrawal fees, where withdrawals via bank transfer incur a €7 fee. There are no inactivity fees associated with the accounts. Users should also be aware of potential overnight interest (swap rates) for leveraged positions. Currency conversion fees may apply depending on the account’s base currency and the transaction’s currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Freedom24 is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Freedom24 User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

20%

2 star

60%

1 star

12%

David Moise

Berlin

★ ★ ★ ★ ★

I’ve been using Freedom24 for a few months now, and I appreciate the low prices and the range of features they offer. The platform is easy to navigate, making it suitable even for beginners like me. I’ve also found their customer support to be quite responsive whenever I’ve had questions.

Greta Buchholz

Frankfurt

★ ★ ★ ★ ★

Freedom24 has been a fantastic experience for me! As a new investor, I had some initial difficulties with the platform, but their customer support was quick and effective in helping me. Now that I’ve got the hang of it, the platform is straightforward and user-friendly. Highly recommend it!

Anja N.

Munich

★ ★ ★ ★ ★

I have to say I’m disappointed with Freedom24. While the deposit process was smooth, I faced significant issues when trying to withdraw my funds. I had to pay withdrawal fees, and the process took longer than expected. The support team was not very helpful either, which was frustrating.

Peter

Hamburg

★ ★ ★ ★ ★

My experience with Freedom24 has been terrible. I attempted to withdraw $2000, and it got blocked without any explanation. After multiple attempts to contact customer support, I still haven’t received a satisfactory response. I regret choosing this broker and would advise others to be cautious.

Cyprus Market