Freedom24 review
Freedom24 is the European retail investment brand of Freedom Holding Corp (Nasdaq: FRHC), operated by Freedom Finance Europe Ltd out of Cyprus. It gives retail clients access to global stocks, ETFs, bonds, options and futures across 15+ exchanges, and is one of relatively few EU-facing brokers offering retail allocation into US IPOs at the offering price. It is CySEC-licensed and passported to other EU markets. The parent, Freedom Holding, is a diversified Kazakhstan-rooted financial group listed on Nasdaq since 2019; in 2023 short-seller Hindenburg Research alleged sanctions-evasion issues, which an independent investigation by Morgan, Lewis & Bockius concluded were unfounded. That episode, plus the group's Central Asian roots, is worth knowing before treating Freedom24 as a conventional Western European broker.
Freedom24 key facts
- Website: freedom24.com
- Category: Investment brokerage
- Founded: 2008 (parent); Freedom24 brand from 2024
- Headquarters: Limassol, Cyprus
- Public status: Parent Freedom Holding Corp is Nasdaq-listed, ticker FRHC
- Regulation: CySEC licence CIF 275/15; passported via CONSOB (Italy) and BaFin (Germany)
- Core feature: Retail access to US IPO allocations
- Minimum deposit: No minimum deposit
- Investor protection: ICF coverage up to €20,000
- CEO: Timur Turlov
- FYI Score: 81.7/100 (ranked #61 of the 136 CFD brokers we track)
Regulation & licences
- Operated in the EU by Freedom Finance Europe Ltd, licensed by CySEC under CIF 275/15, and passported to other EU markets including registration with CONSOB (Italy) and BaFin (Germany).
- Parent Freedom Holding Corp is Nasdaq-listed (FRHC) and audited by Deloitte, adding public-company financial disclosure on top of local licensing.
- In 2023, short-seller Hindenburg Research alleged sanctions-evasion issues at the parent group; an independent review by Morgan, Lewis & Bockius and Forensic Risk Alliance concluded the allegations were unfounded. The group also wound down its Russia operations in 2022-2023.
- Client investments are covered by the Investor Compensation Fund up to €20,000, standard for CySEC-regulated brokers.
Fees & account access
- No minimum deposit to open an account, lowering the barrier relative to many EU brokers.
- Wire deposits are free of charge; commission structures vary by instrument and market.
- Offers an interest-bearing cash/savings feature on uninvested balances, a differentiator from brokers that pay no yield on idle cash.
Markets & instruments
- Access to stocks, ETFs, bonds, options and futures across more than 15 global stock exchanges.
- A notable differentiator: retail clients can request allocation into US IPOs at the offering price, a feature uncommon among EU-facing brokers.
- ETFs can be added to the tradable universe on client request in some cases, beyond the standard listed set.
Platforms & account types
- Trading is available through a web platform and a companion mobile app rather than third-party platforms like MetaTrader.
- Clients get a personal account manager who can communicate in the client's own language, a service-heavy touch relative to typical execution-only brokers.
Markets
[object Object], [object Object], [object Object], [object Object], [object Object], [object Object]
Platforms
Freedom24 Web Platform, Freedom24 Mobile App
Who Freedom24 is for
Freedom24 suits investors who want direct access to global stocks, bonds and IPO allocations rather than CFDs, with no minimum deposit required to start. Its Central Asian corporate roots and the 2023 sanctions allegations (later found unfounded) are worth reading about directly before depositing funds.
Pros
- Retail access to US IPO allocations at the offering price is a genuine, uncommon differentiator versus most EU brokers.
- No minimum deposit and free wire deposits lower the barrier to entry.
- Backed by a Nasdaq-listed, Deloitte-audited parent (Freedom Holding Corp), adding public financial disclosure.
- Broad market access: 15+ global exchanges covering stocks, ETFs, bonds, options and futures in one account.
Cons
- Parent group faced sanctions-evasion allegations from Hindenburg Research in 2023; though an independent review found them unfounded, it's a material fact for due diligence.
- Group's operational roots in Kazakhstan and its recent Russia wind-down are worth understanding before treating it as a conventional Western European broker.
- No support for third-party platforms like MetaTrader — clients are limited to Freedom24's own web and mobile apps.
- Independent aggregate ratings are mixed rather than uniformly strong, per third-party broker comparison sites.
Freedom24 FAQ
Is Freedom24 regulated?
Yes. Freedom24 operates in the EU through Freedom Finance Europe Ltd, licensed by CySEC under CIF 275/15, and is registered to passport its services in other EU markets including Italy (CONSOB) and Germany (BaFin).
Who owns Freedom24?
Freedom24 is the European retail brand of Freedom Holding Corp, a Nasdaq-listed (FRHC) diversified financial group founded by Timur Turlov in 2008, with operational roots in Kazakhstan.
Can retail clients really get IPO allocations through Freedom24?
Yes, this is one of its key differentiators: Freedom24 offers retail clients the ability to request allocation into select US IPOs at the offering price, a feature not widely available at other EU-facing brokers.
What were the 2023 Hindenburg Research allegations about?
Hindenburg Research alleged sanctions-evasion issues at parent company Freedom Holding Corp. An independent investigation commissioned by the company, conducted by law firm Morgan, Lewis & Bockius and forensic accountants Forensic Risk Alliance, concluded the allegations were unfounded. This is worth reading about directly as part of any due-diligence process.
Compare Freedom24 with other CFD brokers
See all CFD brokers ranked by FYI →
Home · CFD Brokers · Brokers · Crypto · Prop firms · Prediction markets · Media · Influencers · Solutions