IPO Amigo

Freedom24 Review for IPO Investing

Freedom24 is a subsidiary of Freedom Holdings Corp that offers investment services worldwide. It provides an online platform for investors to access financial instruments in American, European, and Asian markets and allows individuals to invest in US IPOs with as little as $2,000. The company adheres to regulatory frameworks such as MiFID II and is under the regulation of entities like CySEC, BaFin, and SEC. The company offers four different tariffs for investors, each with its own set of fees, and is classified as an A-rated company by Creditsafe, indicating a very low risk level.

Investing in Initial Public Offerings (IPOs) can be an exciting way to potentially earn high returns on your investment. However, navigating the world of IPO investing can be challenging for beginners, especially when it comes to choosing the right platform to invest with. This is where Freedom24 comes in. In this review, we'll take a closer look at Freedom24 and what makes it a top choice for IPO investing.

What is Freedom24?

Founded in 2008, Freedom24 is a subsidiary of the publicly-traded company, Freedom Holdings Corp (FRHC). The company provides investment services across the globe.

Freedom24 offices:

Cyprus, Germany, Spain, France, Greece, Poland

Geography of service:

Austria, Belgium, Bulgaria, Switzerland, Czech Republic, Germany, Denmark,

Estonia, Spain, Finland, France, United Kingdom, Greece, Croatia, Hungary, Ireland,

Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway,

Poland, Portugal, Qatar, Romania, Sweden, Slovenia, Slovakia, Thailand, UAE

The company's impressive snapshot includes over 75 offices in seven countries, group assets worth $523 million, and equity valued at $142 million. Moreover, its team of more than 2000 professionals boasts over a decade of experience in finance.

Freedom24 was designed as an online portal for investors seeking access to financial instruments in the American, European, and Asian markets. In a highly competitive market, the company distinguishes itself by providing investors with the ability to invest in US IPOs, a unique offering that few European companies can match.

Investing in IPOs is a potentially lucrative opportunity, historically reserved for wealthy investors and institutions. However, Freedom24 makes it accessible to investors with as little as $2,000. According to the company, the IPOs listed on their platform in the last three months have yielded an average return of 64% after the lockup period has expired.

While it is important to note that all investments carry risks and prior returns are not indicative of future gains, the opportunity to invest in US IPOs is undeniably one of Freedom 24's main attractions.

How does Freedom24 work?

To start investing with Freedom24, all you need to do is sign up for an account on their website. Once you've signed up and completed the necessary verification process, you'll be able to browse through their selection of IPOs and choose the ones that interest you.

One of the benefits of investing with Freedom24 is that you don't need to be a high-net-worth individual or institutional investor to participate in an IPO. Freedom24 allows anyone to invest, regardless of their income or net worth.

Another benefit of investing with Freedom24 is that the platform offers access to IPOs from around the world. This means that you can invest in companies that are based in countries such as the United States, China, and Europe, among others.

Is Freedom24 Reliable?

Freedom24 is safe and reliable for the following reasons:

  • Freedom 24 adheres to the regulatory framework MiFID II, which guarantees the utmost level of protection for investors.
  • Freedom 24 is under the regulation of several entities, including the Cyprus Securities and Exchange Commission (CySEC), Germany's Financial Regulatory Authority (BaFin), and the United States Securities and Exchange Commission (SEC), which enforces security laws and thwarts market manipulation.
  • Based on Creditsafe's evaluation, Freedom 24 is classified as an A-rated company, indicating a very low risk level.

What are the fees associated with Freedom24?

Freedom 24 offers four different tariffs, each with its own set of fees. Below is a side-by-side comparison of each tariff:

The tariffs include Tariff Promotion, Smart, Fix, and Super. The fees per month for these tariffs range from €0/month to €200/month. The tariffs cover various investments, such as stocks and ETFs in USA, Europe, Asia, Russia, and Ukraine. The commission per share and minimum per order/trade for these investments vary based on the tariff selected. In addition, the tariffs cover stocks and bonds, and FORTS (a futures and options market in Russia). The activation fee and per contract fees for FORTS also differ based on the tariff chosen. The table also provides information on USA stock options and margin lending fees. Finally, SMS notification fees are also mentioned, with different charges depending on the tariff selected.

The following are additional fees that may apply:

  • Withdrawal via bank transfer will cost €7.
  • For debiting/crediting securities, there is no commission for crediting securities, but debiting securities will cost $60.
  • There is no charge for storing securities.
  • When participating in IPOs, the commission for each trade depends on the value of the assets in the client's brokerage account at the end of the previous working day. The commission is 5% of the trade amount for accounts with less than $20,000, 4% for accounts with $20,000 to $49,999, and 3% for accounts with $50,000 or more. The sales commission is 0.5% of the transaction amount.
  • OTC trading has a brokerage commission of 0.12% of the trade volume.
  • The depository commission for the transaction is $30 per settled trade.

With careful planning, it is possible to avoid many of these fees. 

Disclaimer: It is important to note that the fees listed above are subject to change and may vary based on market conditions and other factors. It is recommended that investors carefully review the terms and conditions of each tariff before making any investment decisions.

Why choose Freedom24 for IPO investing?

There are several reasons why Freedom24 is a top choice for IPO investing. Here are some of the key benefits:

  • Access to global IPOs: Freedom24 offers access to IPOs from around the world, giving investors the opportunity to invest in companies that they may not have had access to otherwise.
  • Low fees: Freedom24 offers competitive fees compared to other IPO investing platforms, making it an affordable option for investors.
  • Easy to use: Freedom24's platform is user-friendly, making it easy for beginners to navigate and invest in IPOs.
  • No minimum investment: Unlike some other IPO investing platforms, Freedom24 does not require a minimum investment amount, making it accessible to investors of all income levels.
  • Strong track record: Freedom24 has a strong track record of successful IPO investments, giving investors confidence in their ability to make sound investment decisions.
  • Diversify your investments across multiple stock exchanges in Europe, US, Russia, and Hong Kong through Freedom24's user-friendly platform.
  • Never miss out on the opportunity to invest in an initial public offering with Freedom 24's IPO reminders.
  • Stay informed about potential investment opportunities through Freedom24's Invest Ideas, where professionals share their insights on the market.
  • Keep up-to-date with the latest company news with Freedom24's News Hub, helping you make informed investment decisions.

Final Review 

Freedom24 has a Trustpilot rating of 4.6 out of 5 stars, which is considered great. It should be noted that this score is based on a relatively small number of reviews, as only 137 Freedom 24 reviews have been submitted. Of these reviews, 82% rated the company 5 stars, while only 7% gave them a 1-star rating. Positive comments from Freedom 24 reviewers highlighted the platform's user-friendly interface, fast verification process, and wide selection of investment products. Some negative reviews, on the other hand, expressed frustration with issues related to withdrawing funds and customer service problems.

Freedom24 presents an intriguing option for investors who are looking for something beyond the major brokers in Europe such as Etoro. One of the key advantages of this platform is the availability of a wide range of investment instruments in markets that are not typically accessible in the western world, such as Russia and Hong Kong. Additionally, the site's most appealing feature is the opportunity to invest in initial public offerings of US-based companies. 

It is important to note that Freedom24 has a cost in the form of several fees that can accumulate if not managed properly. Therefore, it is recommended that investors should do some planning before investing in this platform. However, if you are an investor who is interested in the international markets and want to make the most of the available opportunities, Freedom 24 is a platform that should be considered.

Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. (always). Buying stocks at IPO prices may involve additional restrictions. 

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