Freedom Finance Trading Review | Is It Safe To Trade?
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If you’re looking for a comprehensive review of Freedom Finance, this is it. We’ll show you more information about what it’s like to trade on Freedom Finance, how quickly you can deploy, whether the platform is legit and so on. The truth is that Freedom Finance is actually one of the fixed trading brokers in Europe where users buy stocks and get fixed returns.
One of Freedom Finance’s most attractive selling points is the 3% fixed return and free unlimited trades for the first 30 days. We have seen that there is no Freedom Finance scam warning – in fact optional deposits and withdrawals are supported by credit card.
However, our detailed Freedom Finance trading review also shows that the platform has limited access to some European exchanges, charges a €7 fee for fund withdrawals, does not offer CFDs and has high margin fees (12%). Opening and testing a virtual account is easy. For more information, see the following sections of the Freedom Finance review.
Freedom Finance Trading Review: Key Features
As we mentioned in the first part of the Freedom Finance trading review, this broker is an online based broker with a platform called Freedom24. It is a single user access right when trading various instruments such as stocks, ETFs, bonds and derivatives. In this way, Freedom Finance is great because it has a wide range of offerings and services that surpass its competition.
Another positive thing worth mentioning in this Freedom Finance review is that the broker does not limit user withdrawals. You can sell your instruments or buy new ones, and withdraw easily. There is even support for initial public offerings (IPOs) for companies that are about to go public.
Even retail investors can grab the first shares of companies listed online through the Freedom Finance trading platform. Past IPOs like Airbnb, Alibaba, and Robinhood are great examples of this, and marketplaces like this give users a great opportunity to participate.
Another feature worth looking into is the D account, which is basically a savings account with a 3% annual return. This is popular with investors and Freedom Finance users as it allows them to earn money every year.
Who should trade with Freedom Finance?
Wondering if you are the right user for this trading platform. Most Freedom Finance trading reviews indicate that the broker is perfect for users who want to explore the following:
- Stocks, ETFs, bonds, futures and options on regulated markets
- Shares in an initial public offering (IPO) of companies that are about to go public
- Fixed returns in dollars annually
- Investment with minimal capital
Based on what is mentioned here, we can give Freedom Finance review a good consideration especially for users who want to invest independently. The platform is amazing even if you don’t have big capital to trade. No minimum deposit is required to get started, everything is simple, and you get unlimited free trades for the first 30 days.
Freedom Finance is a secure trading platform
Now let’s shed some light on Freedom Finance from a security perspective. As we know there are many scams with trading brokers, we would like to point out that this is not a common example. Our Freedom Finance review shows that the company serves its European users through the Finance Europe Ltd branch. It is supervised by three regulatory bodies: CySEC (Cyprus), BaFin (Germany) and SEC (USA).
This Cyprus-based company is subject to EU legislation and financial market regulation laws. The website confirms that with the following text “Freedom Finance Ltd provides financial services in the European Union under the CIF 275/15 license for all types of business required by companies, issued by the Cyprus Securities and Exchange Commission (CySEC) on 20.05. .2015.” Since October 2019, Freedom Finance has also been listed on NASDAQ under the symbol FRHC.
How easy is it to create an account?
As we mentioned in the early parts of the Freedom Finance review, this is a safe and regulated trading platform that offers users a wide range of trading accounts. You can choose a Smart account, a Fix account or a Super account, and they all differ according to the amounts you pay monthly (in euros) and the features you get.
Opening an account is very easy – all you have to do is press “Register” and enter your personal details, after which a scanned copy of your ID and your country’s taxpayer number will be sent. Afterwards, there is a questionnaire, but the duration of the process is 15 minutes, which ends with a personal private area reserved for you and an email where you will receive all the necessary information. You can also access a virtual account using the credentials from the login registration step.
Should you trade with Freedom Finance?
Now that you know all about Freedom Finance, it’s safe to say that this is a regulated platform where you can safely trade and get the most out of your funds. It is possible to open an account with any amount, and despite the higher withdrawal and margin fees, the trading experience is great and you don’t have to worry about your money.