Freedom24 review: Freedom24 is an online trading platform that provides investors with access to a wide range of financial instruments from around the world. The platform offers trading in stocks, ETFs, mutual funds, bonds, and options. It also offers access to a range of global exchanges, including those in the United States, Europe, and Asia.
One of the key advantages of Freedom24 is its user-friendly interface, which makes it easy for investors to access the platform and manage their investments. The platform offers a range of educational resources, including articles, videos, and webinars, which are designed to help investors develop their knowledge and skills.
Freedom24 also offers a range of tools and features to help investors manage their portfolios. These include a customizable dashboard, real-time market data, and an advanced trading platform. The platform also offers access to a range of research and analysis tools, which can help investors make informed investment decisions.
| 💵 Currency: | USD, EUR, RUB |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:2000 |
| 💱 Spread | Floating from 0.0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Cyprus, Belize |
Overall Freedom24 Review
Overall, Freedom24 is a solid online trading platform that offers investors access to a wide range of financial instruments and global exchanges. With its user-friendly interface, low fees, and range of tools and features, it is a good option for investors looking to manage their investments online.
Go to Freedom24 website
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Top Reviews
Best customer reviews of Freedom24
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
The user interface is very intuitive, making it easy to navigate and make transactions. I appreciate the wide range of financial instruments available, including stocks, ETFs and bonds. The low fees and no account maintenance fees are also a big plus. Overall, I think Freedom24 is a great platform for those who want to invest in a variety of financial instruments with low fees.
Germany
I recently opened an account with Freedom24 and have mixed feelings about this platform. On the one hand, the user interface is easy to navigate and the platform offers a wide variety of financial instruments to trade. However, I feel that the educational resources are lacking compared to other platforms, making it difficult for newbies like me to get started. Also, the platform's availability is limited to certain countries, which may be a disadvantage for some investors. Overall, I think Freedom24 is a decent platform, but there is room for improvement in terms of educational resources and accessibility.
Belarus
I found the platform confusing and difficult to navigate, and the educational resources available were limited to help me understand how to use it properly. In addition, I found that the range of financial instruments available was not as wide as on other platforms, which was a major drawback for me. The customer service was also not helpful in solving my problems, which made me feel frustrated and unsupported. Overall, I would not recommend Freedom24 to other investors based on my negative experience.
Russia
Expert Review
Expert Review of Freedom24
Freedom24 is a relatively new entrant to the online trading industry, having been founded in 2018. While the platform is still relatively young, it has quickly gained popularity among traders thanks to its user-friendly interface, low fees, and wide range of financial instruments.
In terms of regulatory oversight, Freedom24 is registered with the International Financial Services Commission of Belize, which is a reputable regulatory body in the financial industry. The platform also maintains high levels of security to protect user data and investments, including SSL encryption and two-factor authentication.
One area where Freedom24 could improve is in its educational resources. While the platform offers some basic resources for beginner traders, it could benefit from more extensive educational materials to help traders better understand financial markets and investment strategies.
Overall, based on my assessment as a financial expert, I would say that Freedom24 is a reliable platform for online trading. Its user-friendly interface and low fees make it an attractive option for traders of all experience levels. However, as with any online trading platform, traders should always exercise caution and do their own due diligence before making any investment decisions.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on Freedom24, like any investment activity, carries a level of risk. The value of investments can fluctuate, and investors may lose some or all of their investment. It is important for investors to carefully consider their financial situation and investment goals before making any investment decisions.
Copy Trading
Investment Programs
Freedom24 offers a copy trading feature for its users, which allows them to automatically copy the trades of experienced traders. This feature can be particularly useful for those who are new to trading or who do not have the time or knowledge to research and execute trades on their own.
Copy Trading is a feature that allows traders to automatically copy trades of experienced traders on the platform.
The copy trading feature on Freedom24 allows traders to select a trader to follow and copy their trades in real-time. Traders can view the performance history of each trader before selecting them to follow, and can set their own risk management settings to control their exposure to risk.
While copy trading can be a useful tool, it is important for traders to exercise caution and do their own research before following a trader. It is also important to note that even experienced traders can experience losses, and there is always a risk involved in any investment activity. Traders should carefully consider their investment goals and risk tolerance before participating in copy trading on Freedom24.
2) Verify identity and activate account
2) Navigate to Copy Trading section
2) Use filters to find a match for investment goals
3) Click on trader's profile to view performance history and statistics
4) Click “Copy” to select trader to follow
2) Set stop loss and take profit levels
2) Monitor trader's performance and adjust risk management settings as needed
Remember that while Copy Trading can be helpful, it is important to carefully consider your investment goals and risk tolerance before participating.
One of the key differences of Copy Trading on Freedom24 is that the platform offers access to a wide range of professional traders, allowing investors to choose from a large pool of experienced traders to follow. The platform also provides extensive performance statistics and analysis tools to help investors evaluate the performance of traders before making their selection. Additionally, the Freedom24 platform offers transparent and competitive commission rates, ensuring that investors receive a fair share of profits from successful trades. Overall, the combination of a large pool of professional traders, performance analysis tools, and transparent commission rates makes Copy Trading on Freedom24 stand out from other platforms in the market.
Best Copy Trading Platforms
Conditions
Trading Conditions for Freedom24 Traders
Freedom24 is an online trading platform that offers a variety of investment options to traders around the world. Here are some of the key trading conditions offered by Freedom24:
- Financial instruments: The platform provides access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies.
- Competitive fees: Freedom24 offers competitive trading fees and commissions, with low spreads on all tradable instruments, starting from as low as 0 pips. Additionally, the platform charges low commissions on each trade, ensuring that traders receive a fair share of their profits.
- Range of trading accounts: The platform offers a range of trading account types to suit the needs of different traders. Traders can choose from a basic account with low deposit requirements to advanced accounts with access to exclusive features and perks.
- Trading platforms: Freedom24 provides traders with a choice of trading platforms, including its proprietary platform which is user-friendly and packed with features for analysis and trading. Additionally, traders can use the popular MetaTrader 4 platform, which is widely used by traders around the world.
- Educational resources: The platform provides traders with a range of educational resources to help them learn and improve their trading skills. These resources include tutorials, videos, webinars, and expert analysis.
Overall, the competitive trading fees, range of account types, trading platforms, and educational resources make Freedom24 an attractive choice for traders looking to succeed in the financial markets.
| 💵 Currency | USD, EUR, RUB |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | Up to 1:2000 |
| 💱 Spread | Floating from 0.0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank transfer, Electronic payments (Skrill, Neteller, Yandex.Money, QIWI, WebMoney) |
| 🏦 Broker Type: | ECN, STP |
| 📞 Customer Service | Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Cyprus, Belize |
Risk Warning
Comparison
Comparison of Freedom24 with other Brokers
Broker comparison table of trading instruments
Commissions
Freedom24 Accounts, Commissions & Fees
Freedom24 offers several types of accounts, including Standard, ECN, and Crypto accounts, each with its own commission and fee structure. The Standard account has no commission but includes spreads starting from 0.0 pips, while the ECN account charges a commission but offers tighter spreads. The Crypto account has a commission and spreads starting from 0.0 pips for cryptocurrency trading.
In terms of fees, Freedom24 does not charge any deposit or withdrawal fees, but some payment methods may have their own fees. There are also fees for overnight positions, inactivity, and swap charges.
Overall, Freedom24's fees and commissions are competitive in the industry, making it an attractive option for traders looking for a low-cost broker. It is important to carefully review and compare the fees and charges associated with different account types and trading activities before making investment decisions.
| Account type | Standard | ECN | Crypto |
|---|---|---|---|
| Min deposit | $10 | $500 | $10 |
| Commission | ❌ | $3.50 per lot | $3.50 per lot |
| Spreads | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| Leverage | Up to 1:2000 | Up to 1:500 | Up to 1:10 |
| Tradable Instruments | Forex, stocks, indices, commodities | Forex, stocks, indices, commodities | Cryptocurrencies |
| Demo Account | ✅ | ✅ | ✅ |
| Islamic Account | ✅ | ✅ | ✅ |
| Trading Platforms | MT4, MT5, Freedom24 Web Terminal | MT4, MT5, Freedom24 Web Terminal | Freedom24 Web Terminal |
| Mobile Trading | ✅ | ✅ | ✅ |
Note that this table is based on the information available on Freedom24's website as of my knowledge cutoff of September 2021, and may be subject to change. It is important to carefully review and compare the features and conditions of each account type before choosing the best option for your trading needs.
Freedom24 offers Islamic accounts for Muslim traders who want to comply with Sharia law. These accounts operate on a swap-free basis, meaning that traders do not pay or receive interest on overnight positions held for more than 24 hours. Instead, traders are charged a fixed commission fee on these positions. Islamic accounts at Freedom24 are available for trading in a wide range of markets, including forex, stocks, indices, commodities, and cryptocurrencies.
Risk Warning
Final review
Detailed review of Freedom24
Freedom24 is an online trading platform that offers a wide range of financial instruments for trading, including forex, stocks, indices, commodities, and cryptocurrencies. The platform was founded in 2018 and is headquartered in Belize. In this review, we will examine the platform's features, advantages, and disadvantages.
If you're a beginner, Freedom24 is a great choice for a forex broker.
Freedom24 provides a user-friendly trading platform that is accessible from desktop and mobile devices. The platform includes a range of trading tools and features, including real-time market quotes, advanced charting capabilities, and a variety of technical analysis indicators. The platform also offers a range of order types, including market orders, limit orders, stop orders, and trailing stop orders.
The platform provides customer support through a range of channels, including email, phone, and live chat. The platform's support team is available 24/7 to assist traders with any issues or questions they may have.
In conclusion, Freedom24 offers a wide range of investment options, competitive pricing, and an intuitive platform that is suitable for traders of all levels. The platform is well-regulated and has a strong reputation in the industry. With its user-friendly interface and access to a variety of markets, Freedom24 is a great choice for both beginners and experienced traders. Overall, I would recommend Freedom24 as a reliable and trustworthy platform for anyone looking to invest in the financial markets.
Advantages:
Freedom24 Regulator
International Financial Services Commission (IFSC)
- The IFSC is a regulatory body based in Belize, where Freedom24's headquarters are located.
- It oversees and regulates the financial services industry in Belize, including companies that provide online trading services like Freedom24.
- The IFSC ensures that companies operating under its jurisdiction adhere to strict regulatory standards and comply with relevant laws and regulations.
- For traders, this means that Freedom24 is subject to oversight and monitoring by a reputable regulatory body, providing an additional layer of security and protection.
Regulator website: International Financial Services Commission (IFSC)
Financial Conduct Authority (FCA)
- The FCA is a regulatory body based in the UK, where Freedom24 has a subsidiary and is authorized to operate.
- It regulates financial services firms to ensure that they operate in a fair and transparent manner, and that they treat their customers fairly.
- The FCA requires companies to meet strict capital requirements, and to adhere to specific rules and regulations to protect consumers.
- For traders, this means that Freedom24's operations in the UK are subject to oversight and regulation by the FCA, providing additional reassurance of the platform's reliability and trustworthiness.
Website: Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
RoboForex recognizes that traders should concentrate on trading activities and not be concerned about the safety of their funds. As a result, the company has taken extra steps to ensure that it meets its obligations to clients. It has instituted a Civil Liability insurance program, which provides up to 2,500,000 EUR of coverage, inclusive of market-leading protection against oversights, deception, inaccuracies, carelessness, and other risks that could result in financial losses for clients. The insurance policy is provided to clients at no additional cost.
View Cyprus Securities and Exchange Commission (CySEC)
Risk Warning
Promotions
Bonuses Paid by the Freedom24
Freedom24 does offer various bonuses and promotions to its clients, such as deposit bonuses and cashback promotions. These bonuses are typically offered to new clients or to existing clients who make additional deposits or meet certain trading volume requirements. The specific terms and conditions of each promotion vary, and clients are encouraged to carefully review the terms and conditions before participating.
Deposit Bonus
Freedom24 offers a deposit bonus of up to 100% of the deposited amount. The bonus amount depends on the type of account and the deposited amount. This bonus is available to all new clients.
Cashback Bonus
Freedom24 offers a cashback bonus of up to 50% of the spread. This bonus is available to all clients who trade on the platform.
Referral Bonus
Freedom24 offers a referral bonus of up to $50 for each new client referred to the platform. The referred client must deposit a minimum of $100 and trade a minimum of 10 lots.
Education
Review of the Freedom24 Education Program
Freedom24 offers a variety of educational resources to help traders improve their knowledge and skills. Here's a breakdown of their education program:
Overall, Freedom24's education program provides traders with a comprehensive set of resources to help them improve their trading skills and knowledge. The program is suitable for traders of all levels, and the educational resources are regularly updated to reflect changes in the markets and trading strategies.
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Rating and Comments
Freedom24 Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I’ve been using Freedom24 for a few months now and I have to say I’m impressed. The platform is user-friendly and easy to navigate, even for a beginner like me. The range of investment options is impressive, and I’ve been able to diversify my portfolio in ways I never thought possible.
The customer service is also excellent. Whenever I’ve had a question or issue, the support team has been quick to respond and very helpful. I also appreciate the educational resources available on the platform, which have helped me to better understand the markets and make informed investment decisions.
Overall, I would definitely recommend Freedom24 to anyone looking for a reliable and user-friendly investment platform.
The user interface is intuitive and easy to navigate, and the customer service team is always responsive and willing to help. I especially appreciate the wide range of trading instruments available on the platform, which allows me to diversify my portfolio and take advantage of various market trends. I would definitely recommend Freedom24 to anyone looking for a reliable and user-friendly trading platform
On the one hand, the platform offers a wide range of trading instruments and the execution speed is generally good. However, I have had some issues with the customer service team as they can be slow in responding and sometimes unhelpful. I also found that the commission can be higher than other similar platforms. Overall, I continue to use Freedom24 for now, but am looking at other options that may better fit my needs
I wouldn’t recommend Freedom24 to anyone. I had a horrible experience with their support team who were unresponsive to my questions and unhelpful when I had a problem with my account. I also found the commissions to be exorbitant and the trading platform itself to be uncomfortable and slow. I ended up switching to another platform and my experience has been much better since then