Freedom Finance experiences & test 2023: Is the broker reputable?
If you are looking for a broker to invest in stocks, you will come to the conclusion that there is a wide variety. It’s so easy to invest in stocks. But through which provider?
This is what the Freedom Finance review pays attention to
In order to be able to give an objective Freedom Finance assessment at the end, we deal with all relevant areas in the Freedom Finance Test. We answer the question of which Freedom Finance fees or Freedom Finance costs are incurred. But we also dedicate ourselves to the Freedom Finance testimonials that can be found on the Internet. There is no question that Freedom Finance is reputable, but it will also be explained in more detail.
The Freedom Finance Test tries to deal with areas that can be assessed objectively so that a correspondingly objective Freedom Finance assessment is possible.
Important criteria, such as the homepage or customer service are scrutinized here. Of course, these are areas that cannot be judged 100 percent objectively, but should not have a great influence on the final Freedom Finance rating.
Finally, the Freedom Finance evaluation should follow, so that a reliable guide is created as to whether you should gain Freedom Finance experience or not.
A beginner-friendly homepage convinces in the Freedom Finance test
If you want to gain experience with Freedom Finance, you must first open an account or custody account. The provider advertises that “investments for everyone” are possible here. The Freedom Finance test has shown that this is true on closer inspection. This is because this is exactly how the portfolio is built up – as confirmed in the course of the Freedom Finance Test.
If you call up the start page, you will be offered a clear homepage. They have focused on the brand colors and tried to create a self-explanatory website that is easy to navigate. It should be noted, according to the first Freedom Finance experience, that the website is also available in German. In addition to German, there is also the possibility to take advantage of the offer in English, French, Spanish, Polish, Italian, Russian and Portuguese.
The products are described on the start page – the respective link then leads to the subpage. The entire site layout is beginner-friendly, so you won’t have any trouble finding your way around the site. The Freedom Finance experience will therefore be positive.
Freedom Finance Mobile App Review
Freedom Finance doesn’t just offer mobile users a responsive trading platform. Freedom Finance is also available to users via app for Android and IOS.
The app is very clear and makes it easy for investors to trade on the go. Share prices from various stock exchanges, as well as your own portfolio, can be found and called up in a matter of seconds. You can also place one or the other trade here in a matter of seconds thanks to the real time charts. The reviews of other users also look very positive. The Freedom24 app is currently rated five stars in the Play Store and the app also scores more than four stars in the Apple Store.
Registration: instead of account models, there are tariffs
Freedom Finance does not work with fixed accounts but with different tariffs. The Freedom Finance test has shown that there are four offers, in addition there is currently a promo offer for 30 days.
- All inclusive rate in US dollars
- Smart in Euro
- Fix in EUR
- Super in EUR
If you want to gain experience with Freedom Finance, you are well advised to deal with the different tariffs in advance, as there are a few differences that should not be ignored.
First of all, it should be emphasized that the tariffs have different monthly fees. However, the fees are variable – with the exception of the “Fix in Euro” and “Super in Euro” tariffs. This means that the Freedom Finance fee per share, SMS notification or card payment depends on the selected tariff, so that different Freedom Finance costs can arise here. Only with the tariff “Fix in Euro” there is a monthly Freedom Finance fee of 10 euros. Even if you might think that you would gain your first negative Freedom Finance experience here, you are wrong. Because variable fees do not mean that you do not know in advance how high the Freedom Finance costs would be. On the contrary, the fee model is very clearly structured and enables a very precise calculation of the respective selected tariff at Freedom Finance right from the start.
Once you have found the right tariff for you and are ready to gain your first Freedom Finance experience, you can easily start the registration process. All you have to do is click on the link below the tariff. In the course of registration, you enter an e-mail address, telephone number and password. It is important that you choose a secure password – i.e. a combination of upper and lower case letters, numbers and special characters. If you click on “Registration”, you will receive an e-mail containing a confirmation link. Subsequently, personal data must then be provided so that the entire custody account opening process can be described as complete.
It should be noted that a demo account is already available after registration.
The Freedom Finance test has shown that you will not gain any negative Freedom Finance experience here as part of the registration process. The offer is self-explanatory – you can open an account here without hesitation even as a beginner.
The fact that there are many different tariffs instead of account models may be positive for the Freedom Finance rating. Because here the provider responds to individual ideas and wishes – this is always a plus point for the Freedom Finance rating.
Freedom Finance experiences with the trading platform
When it comes to the Freedom Finance experience with regard to the trading platform, you have to be aware from the beginning that no well-known software is available here, but your own trading platform has been created. A challenge for the Freedom Finance Test.
The platform is available as a browser version as well as an app for Android, IOS & Huawei. In addition, Freedom Finance also provides its own professional trading platform. This is easy to use and clear and concise. In all cases, there are always updates as Freedom Finance works to evolve the trading platform a little bit more and more. The big advantage, according to one or the other Freedom Finance experience report that was found on the Internet, is that Freedom Finance actually responds to customer feedback. This means that if users notice that there is one or the other problem or if they want changes, they will be implemented, if possible and comprehensible.
The Freedom Finance test has shown that the trading platform is offered in over 20 languages. TraderNet, as the platform is called, provides access to more than 40,000 financial instruments. In addition, Freedom24 offers access to more than 1 million classic trading instruments such as stocks, ETFs, bonds and more than 800,000 US stock options at the lowest prices in Europe – just $0.65 per contract.
If you prefer to use a mobile device, you can download the app to your tablet and/or smartphone at any time. The app is available for Android, iOS and Huawei devices. The download takes place from the respective app store and is possible free of charge.
The first Freedom Finance experiences that were made here were all positive. The Freedom Finance test has shown that a very good and user-friendly platform has been created here – a clear plus point for the Freedom Finance rating.
These deposit and withdrawal methods are accepted by Freedom Finance
Even though the deposit and withdrawal methods have little effect on the Freedom Finance rating, the Freedom Finance Test still deals with them.
The Freedom Finance experience is quite positive, as the deposit and withdrawal process is self-explanatory. However, it can be noted that there are only a few payment methods. Account capitalization is only possible by bank transfer and instant bank transfer, or credit card can also be used. Other deposit methods are not (yet) available.
On the part of the provider, this is explained in such a way that you can reduce the risk of fraud with a small number of deposit methods. In addition, the broker himself advises to act via the deposited reference account, so that there are few interfaces.
If you opt for the bank transfer, you have to be patient for two to three working days – according to the Freedom Finance experience made during the Freedom Finance test. If you use the instant transfer or credit card, the money is available in the Freedom Finance account within a few moments.
It should be noted that the Freedom Finance fee for withdrawals is 7 euros. Although the Freedom Finance costs for the payout are relatively high, they are presented very transparently. This may not have a major impact on the Freedom Finance rating. Ultimately, the area may be convincing as a whole – the Freedom Finance rating is neutral here.
The Freedom Finance Fees and Freedom Finance Costs
It should be noted that the amount of the Freedom Finance fee depends on which tariff was chosen. This means that the tariff has an influence on the Freedom Finance costs that should not be underestimated. Since the fee model is transparent, you don’t have to worry that you will experience Freedom Finance with hidden costs. In addition, you have the opportunity to test all features free of charge for 30 days. At the end of this test phase, you can choose from three different tariff options which model best suits your personal trading behavior.
The fact that there are different tariffs is positive for the Freedom Finance rating.
Freedom Finance Customer Service: These contact options are available
The Freedom Finance experience that you gain when you want to get in touch with customer support is quite positive. This is because the Freedom Finance Test has also shown that various contact options have been created here. So you can contact the employees by e-mail, via a live chat or directly via social media as well as over the phone. The various communication channels are staffed in such a way that support is provided in the respective national language from which the contact was made. This means that anyone who contacts us from a German-speaking country can look forward to German-speaking support – a clear plus point for the Freedom Finance rating.
It should be noted that telephone support is possible from Monday to Friday, here between 9 a.m. and 21 p.m.
The FAQ section may also be a plus point for the Freedom Finance rating. Before you get in touch with the employees, you can take a look at the FAQ section, which is extremely extensive and deals with the most frequently asked questions.
All in all, the customer area can convince – this is of course an advantage for the Freedom Finance rating.
There’s no doubt about it: Freedom Finance is reputable
If you are planning to open an account with Freedom Finance in order to gain experience with Freedom Finance, it is important that you have been able to convince yourself in advance that Freedom Finance is reputable. The issue of seriousness also has the greatest influence on the Freedom Finance rating. If there had been doubts about the seriousness in the course of the Freedom Finance test, the Freedom Finance rating would automatically have been negative – even if there had been many negative Freedom Finance testimonials, the Freedom Finance rating would also have been negative.
However, the Freedom Finance test has shown that Freedom Finance is reputable. Freedom Finance operates under a license issued by CySEC, the Cyprus Securities and Exchange Commission. This is the Cypriot Financial Supervisory Authority. Since Freedom Finance is also based in Germany, the broker is regulated by BaFin, the German Federal Financial Supervisory Authority. And for the U.S. market, it is overseen by the SEC.
The Freedom Finance test has shown that Freedom Finance is reputable. So if you want to gain experience with Freedom Finance, you don’t need to have any concerns about its seriousness. A clear plus point for the Freedom Finance rating.
The trading offer: More than 40,000 shares
At Freedom Finance, you can trade stocks. Above all, Freedom Finance scores here with a wide selection. There are over 40,000 stocks available that can be traded on all US, EU and Asian stock exchanges. The offer that is made available here is extremely large. However, there are no stock savings plans.
The trading costs: Depending on the tariff, there are different Freedom Finance fees
It should be noted that the Freedom Finance costs are based on the selected tariff. For example, there is the 0.5 percent fee and the surcharge of 0.012 US dollars per share or the Freedom Finance fee of 0.012 euros without any further surcharge.
Stock exchanges or trading venues: No restrictions
The Freedom Finance test has shown that all exchanges in the world can be accessed here. More than 20 stock exchanges are available in Europe, Asia and the USA.
The Bottom Line on Freedom Finance Stocks
If you like to work with shares, you will have a positive Freedom Finance experience here. Because Freedom Finance is an excellent broker that provides a wide range of services at fair fees. Another plus point for the Freedom Finance rating.
The trading offer: No savings plans
The offer for the security-oriented investor: Exchange Traded Funds – ETFs for short. So if you don’t want to invest directly in stock corporations, you should take a close look at this area.
More than 3,000 ETFs are offered. Here you will certainly find the right ETF for you. However, it should be noted that there are no savings plans. This means that if you want to invest in ETFs, you have to buy them manually.
The Trading Costs: Tariff Decides on the Freedom Finance Costs
There are different fees for each tariff. For example, you can pay 0.02 euros per ETF and 2 euros per order as a fee, although costs of 0.012 euros and another 1.20 euros per order may also be possible. If you are planning to invest in ETFs, you should therefore take a look at the tariffs and the different Freedom Finance options in advance.
Stock exchanges and trading venues: a wide selection
Depending on the customer’s wishes, Freedom Finance makes it possible for almost any ETF to be added here. There are also many international ETFs available. The Freedom Finance test has shown that the selection is extremely large.
The conclusion on Freedom Finance ETF
Due to the fact that more than 3,000 ETFs are available here and ETFs can be added again and again, this may be a clear plus point for the Freedom Finance rating. So if you like to work with ETFs, you will get your money’s worth here.