Freedom24 Review 2026: Global Market Access With Real Trade-Offs

Freedom24 is the European brokerage arm of Freedom Holding Corp, a company listed on the NASDAQ under the ticker FRHC. Regulated by CySEC in Cyprus, it gives European investors access to 15 global stock exchanges from a single account, including major US, UK, and European markets, along with bonds, options, and futures that most retail-focused brokers skip entirely.

It is a solid option for investors who want broader access than the typical commission-free platforms offer, though it comes with trade-offs worth understanding before you open an account.

Freedom24 works best for European investors who have outgrown the basics and want more than stocks and ETFs. If you want to trade US stock options, invest in bonds, or access exchanges like Athens or Hong Kong that most retail brokers do not cover, Freedom24 fills a gap few competitors address.

It is also a reasonable choice if you value a NASDAQ-listed parent behind your broker. The combination of CySEC regulation and Freedom Holding Corp's public reporting requirements adds transparency that smaller, privately held brokers cannot match.

It is probably not the right fit if you are a beginner investing small amounts. No fractional shares means you need enough capital to buy whole shares, and the per-trade commissions make frequent small orders expensive. For commission-free trading with fractional shares, see my Trading 212 review.

Freedom24 offers two fee plans, Smart and All-inclusive. Neither has a monthly subscription fee, which is a positive, but the commission structures differ significantly.

1. Withdrawals: €7 per bank transfer, or 0.65% (minimum €2) for card withdrawals. Not unusual, but a drawback next to brokers with free withdrawals.
2. Portfolio transfers: €100 per security. Hold 10 different stocks and moving them elsewhere costs €1,000. This is one of the highest transfer fees I have seen and creates meaningful lock-in.
3. Account closure: €100. Another cost that makes leaving expensive.
4. Real-time market data: €1.25 per month, small but something most competitors include free.

The absence of inactivity and custody fees is genuinely positive for buy-and-hold investors. But the exit costs add friction that could sting if your situation changes, and they factor directly into my rating.

Freedom24 calls its recurring purchase feature the ETF Investment Plan. You pick your ETF of choice, then either a fixed number of shares or a cash amount. Pick an investment frequency, either weekly or monthly, then on the scheduled day your card is charged and the order is executed at current market price. You can run several plans at once, with the ability to pause them individually.

Now the part that actually matters: purchases made inside a plan carry no commission. On the standard Smart tariff, buying 5 shares manually costs you €2.10. Inside a plan the same order costs nothing.

One thing to keep in mind is that fractional shares are still not available. A plan set to a fixed cash amount can only buy whole shares, so if you schedule €200 into an ETF trading at €90, you get two shares.

To set one up:

• On the website: Member Area → Cash → Recurrent
• In the app: Menu → Requests → Recurrent

If you buy stocks monthly, a commission-free investment plan makes a real difference in the long run. Small savings on fees compound over time, which is why I always appreciate brokers that offer one.

Read more about the Freedom24 ETF Investment Plan

This is where Freedom24 stands apart from most European retail brokers. The 15 exchanges:

• US: NYSE, NASDAQ, OTC Markets
• UK: London Stock Exchange
• Germany: Xetra
• Euronext: Paris, Amsterdam, Brussels, Lisbon
• Spain: BME
• Italy: Borsa Italiana
• Austria: Vienna Stock Exchange
• Greece: Athens Stock Exchange
• Asia: Hong Kong Stock Exchange

Beyond stocks, there are 1,500+ ETFs, government and corporate bonds, US stock options, NANOS options (smaller-sized contracts), and futures. This product range is closer to Interactive Brokers than to a typical mobile-first broker.

The notable gaps: no fractional shares, so expensive stocks require full-share capital. No crypto and no CFDs. If you want crypto alongside stocks, you need a separate platform, see our Kraken and Coinbase pages.

Freedom24 runs on its proprietary TraderNet platform, available as a web app, desktop software for Windows and Mac, and mobile apps for iOS, Android, and Huawei devices.

The web platform is clean and functional: real-time quotes, charting, an order book, and portfolio analytics. I found it straightforward for everyday investing, though not as polished as the newer mobile-first platforms. Active traders may prefer the desktop app for screen space and execution speed.

MetaTrader (MT4/MT5) is not supported. If MetaTrader is central to your workflow, this is not your broker.

A genuine plus: in-house analyst research with investment ideas and market analysis is included, a feature you typically only see at full-service brokers.

Freedom24 is operated by Freedom Finance Europe Ltd, holding CySEC license CIF 275/15 and authorized across the EEA. Clients are protected up to €20,000 through the Investor Compensation Fund if the firm becomes insolvent.

What sets it apart from many CySEC brokers is the parent. Freedom Holding Corp is publicly listed on NASDAQ (FRHC), subject to US SEC reporting and regular audits, and holds an S&P credit rating of BB. That is speculative grade, not investment grade, but the public-company transparency exceeds what privately held brokers provide. Freedom Finance Europe also maintains physical offices in Germany, Spain, France, Greece, Italy, Lithuania, the Netherlands, Poland, and Bulgaria.

The honest caveat: €20,000 is the standard CySEC minimum, notably lower than the £85,000 FSCS coverage at FCA-regulated brokers. For large balances, this matters.

No broker removes investment risk. Your capital is at risk and you may get back less than you invested.

Support runs Monday to Friday, 9:00 to 21:00 CET, via phone, email, and in-app chat, in over 24 languages, a strong point for a pan-European broker. All-inclusive plan clients get a dedicated personal account manager.

Response times were reasonable during business hours in my experience, slower outside them. A recurring theme in user feedback is that quality varies with question complexity: simple account queries resolve quickly, technical or compliance issues take longer.

The bonus is tiered and code-driven. A first deposit of EUR 1,000 to EUR 4,999 earns 1 gift share, EUR 5,000 earns 4, EUR 20,000 earns 10, and EUR 50,000 or more earns 20. Each share is worth between $3 and $800, allocated by an automated mechanism from a selection of eligible stocks, with higher-value shares awarded less frequently.

1. Open an account through the link on this page
2. Complete the online application and suitability assessment
3. Verify your identity, typically approved within one business day
4. Make a first deposit of at least EUR 1,000, which alone sets your tier
5. Enter the WELCOME codes for that tier, starting with the highest one
6. Receive your gift shares

The current campaign is scheduled to run until 31 August 2026, and Freedom24 can change or withdraw it before then, so check the live terms before counting on it. Full terms, tiers, and troubleshooting are on our Freedom24 welcome bonus page.

Freedom24 occupies an interesting niche: significantly more market access and product variety than mobile-first brokers, while simpler than professional platforms like Interactive Brokers. The CySEC regulation, NASDAQ-listed parent, and BB rating provide reasonable credibility and transparency.

The drawbacks are the commission-based fees in a market full of commission-free competitors, the missing fractional shares, and above all the exit costs: €100 per security to transfer out and €100 to close the account deserve careful thought before committing.

For European investors who specifically want multiple global exchanges, options, bonds, or included analyst research, and who trade in moderate volume, Freedom24 is a legitimate option. For plain buy-and-hold stock and ETF investing with minimal fees, other brokers offer a better package.

New clients depositing at least EUR 1,000 can claim 1 to 20 gift shares worth $3 to $800 each by entering the WELCOME codes for their tier, though the promotion is a side note rather than a reason to pick the broker.