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Freedom24 Review

4.3

Freedom24 is the only EU-based broker that gives retail investors direct access to major US IPOs at the offering price. It is a subsidiary of Freedom Holding Corp., which is listed on the NASDAQ (FRHC). In 2025, they enhanced their savings plans, offering rates linked to SOFR (USD) and EURIBOR (EUR) with daily accruals.

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Freedom Finance Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CIF Licence No 275/15).

Pros

  • Exclusive access to US IPOs for retail
  • High interest on cash (linked to SOFR/EURIBOR)
  • Parent company listed on NASDAQ (FRHC)
  • Over 1 million instruments available

Cons

  • Withdrawal fees apply ($7/€7)
  • IPO allocation depends on account rating
  • Complex commission structure

IPO Access Mechanism

Freedom24 allows you to apply for IPOs (Initial Public Offerings) before shares start trading on the exchange. To participate, you need a funded account (min $2,000 recommended). The allocation amount you receive depends on your "Customer Rating," which is built by holding liquid assets and trading activity.

Savings Plans (D-Account evolution)

Freedom24 offers a unique savings feature where uninvested cash earns interest daily. The rates are floating and linked to SOFR (for USD) and EURIBOR (for EUR), typically offering 1.5x the bank average. Interest is accrued daily, making it a powerful tool for parking cash between trades.

FAQs about Freedom24

How do I get IPO allocations?

You submit a request for an IPO. The amount allocated to you depends on your Freedom24 rating, which improves if you hold a diverse portfolio and trade regularly.

What are the savings interest rates?

Rates are floating and linked to SOFR (for USD) and EURIBOR (for EUR). In 2025, these have typically ranged between 3.5% and 5.5% annually, accrued daily.

Is Freedom24 safe?

Yes, it is regulated by CySEC in Europe, BaFin in Germany, and SEC in the US (via parent company Freedom Holding Corp). It is a public company (NASDAQ: FRHC).

What are the fees?

Stock trading fees start at $0.02 per share (min $2). There is a fixed withdrawal fee of $7/€7. IPO participation fees vary based on allocation.

Can US citizens open an account?

No, Freedom24 (Freedom Finance Europe) is designed for EU and international residents. US residents cannot open an account.

Regulatory Risk Warning

Investments in securities and other financial instruments involve risk of loss of capital. IPO investments are speculative.