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Account Minimum: $1
Fees: From EUR 0.008 per Share
Best For: IPO Access for Retail Traders
Warning: Your capital at risk. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Freedom Finance Europe Ltd is the European subsidiary of the Nasdaq-listed Freedom Holding Corp. Since 2008 they have offered access to big-name IPOs and are the only NASDAQ-listed, EU broker to allow this access to retail traders. In all, there are more than 1,000,000 instruments total to trade with Freedom Finance.
Here we will take a closer look at all key aspects of the broker and what they have to offer in order to ensure you make the best possible broker choice.
- IPO access for EU retail traders
- Service plans to suit all types of traders
- A very user-friendly trading platform
- Trusted regulation in place from CySEC
- Lack of cryptocurrency trading
This is undoubtedly one of the most important aspects of any broker. To that end, Freedom Finance Europe has many things in its favor. As mentioned, their holding company is listed in the US on the NASDAQ with a market cap as of September 6th, 2021 that stood at close to $4 billion. They are also regulated in the US by the SEC. Both of these things point to an extremely trustworthy and transparent broker operation.
For their EU entity, they are based in Cyprus. This is also the home of a huge number of well-respected financial firms, and some of the best top-tier regulations in the financial and trading world. They also have a physical office presence in Germany, France, and Spain with over 2,500 employees worldwide.
Most importantly, the broker is regulated by CySEC in Europe under the license number CIF 275/15. They are recognized as one of the top regulators in the industry with stringent regulations in place to protect you as a trader. In terms of trust, this is a big positive point for Freedom Finance.
Overall you will find a massive range of choices available when you are trading through Freedom Finance Europe. They have more than 1 million instruments in total to offer. Focusing first on the product and aspect of the broker that appeals to many traders, you can gain access to certain IPOs at their initial prices prior to public trading. The minimum amount required for this is $2,000 and allocations will be individually calculated based on supply and demand, but it still represents an excellent opportunity for EU retail traders.
Beyond that, you will find some 35,000 shares, 147,000 bonds, and 3,100 ETFs to be traded in addition to 500 futures and a mammoth 855,000 options instruments in an asset offering that is continuing to expand all the time. It provides ample possibility for traders across 15 global exchanges in the US, Europe, and Asia.
The company and its Freedom24 platform also provides European users with the ability to open a D-Account. This ultimately serves the purpose of a high-yield savings account where you can earn 3% per annum on your US Dollar balance on a daily basis.
Commissions and Fees
Commissions and fees are kept very competitive at Freedom Finance Europe. The pricing structure is divided into several service plans that you can choose.
The first paid service plan is “Smart in EUR”. This comes with a €0.02 per share commission and €2 minimum per order. You will be €0.05 for SMS notifications and 2.5% for card payments but there is no monthly fee. The “Fix in EUR” plan costs €10 per month but offers lower commissions at €0.012 per share and a minimum of €1.20 per order with SMS messages at €0.03 and 2.5% on card payments. Finally, for more experienced traders there is the “Super in EUR” plan. This plan costs €200 per month but comes with €0.008 per share commission, a €1.20 minimum, and free SMS messages. The card payment fee is set at 2.5%.
Depending on your needs and trading volume then, there are multiple plans available to choose from.
You will also have access to a demo terminal that is always available (no time limit) and it’s for DEMO TRADING (operations with money and assets which are not real).
The Freedom24 platform from Freedom Finance is another positive point for the broker. This platform is very popular among traders for its ease of use and intuitive nature, combined with powerful analytical capabilities that can help you get to grips with the many instruments on offer.
The trading platform itself is offered as a web-based platform that is visually appealing and easy to navigate with the ability to be localized in terms of language with 25 different languages supported. The platform allows for multiple order types while the single multicurrency account is flexible in terms of meeting your trading needs. You are also kept up-to-date with alerts on important trade events and have the ability to customize your trading experience with charts and tools at your disposal.
A mobile trading platform is also made available through both Android, iOS devices, and Huawei devices. This platform does well in retaining all of the technical capabilities and functions of the web-based platform so you can trade on the go with ease.
The Freedom Finance customer support is as you would expect from such a company. They are professional and experienced throughout. You will find an informative FAQ section on the brokers’ website which can answer many of your key trading questions.
If this does not quite meet your needs, then the team is available to be contacted by either phone or email. Both methods prompt a speedy and typically helpful response to your question. You will also be able to reach the team through their live support chat function and a variety of the company’s social media channels.
Overall it is clear to see that Freedom Finance Europe presents a very comprehensive offering in every department. They have the trusted reputation that most traders desire, plentiful experience operating in the industry, and can provide access to many unique features, particularly when it comes to retail traders.
The company remains then, an excellent and very well-regulated choice if you are looking for a European broker with security, low costs, and a user-friendly trading environment.
Warning: Investments in securities and other financial instruments always involve the risk of loss of capital.