Score

1.34 /10
Danger

Freedom Broker

Ukraine

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.71

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Freedom Broker · Company summary
Freedom Broker Review Summary
Founded Wihtin 1 year
Registered Country/Region Ukraine
Regulation Counterfiet Dealer
Market Instruments Stocks and ETFs
Trading Platforms Web Trader, mobile apps
Minimum Deposit N/A
Customer Support 24/7 live chat, FAQ, Instagram, Facebook

What is Freedom Broker?

Freedom Broker is a brokerage firm is registered in Ukraine . The company offers trading instruments Stocks and ETFs through the Web Trader and mobile apps. However, it currently is a counterfeit dealer. Traders should always vigilantly manage the risks involved in trading.

Freedom Broker's home page

We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.

Pros & Cons

Pros Cons
• Live Chat • Unregulated
• 24/7 support • Counterfeit dealer
• Single contact channel

Freedom Broker Alternative Brokers

There are many alternative brokers to Freedom Broker. Some popular options include:

• Admiral Markets - The company is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company offers a range of trading platforms, account types, and educational resources to its clients.

• XM - XM Trade is a popular broker that offers a wide range of trading services to clients from around the world. Offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. With a strong reputation and presence in the financial markets, XM Trade aims to provide a user-friendly and reliable trading experience.

• IC Markets - The company's create the best trading experience for retail and institutional clients alike, allowing traders to focus more on their trading. IC Markets is dedicated to offering superior spreads, execution, and service. IC Markets offers a wide range of trading products, including forex, etc.

Is Freedom Broker Safe or Scam?

Freedom Broker is a broker that is not regulated by any major financial regulator. This means that there is no governing body that oversees its activities or protects its customers. As a result, there is a high risk that Freedom Broker could be a scam. Traders should always vigilantly manage the risks involved in trading.

Freedom Broker is a counterfeit dealer. Counterfeit securities can be traded on the open market, which can have a number of consequences, including:

  • Investors may lose money if they buy counterfeit securities.

  • The prices of genuine securities may be affected.

  • Legitimate businesses may be harmed if their securities are counterfeited.

  • The financial system may be destabilized.

Market Instruments

Freedom Broker offers market instruments, including Stocks and ETFs.

• Exchange-traded funds (ETFs) are a type of investment fund that tracks an index of stocks, bonds, or other assets. ETFs are traded on stock exchanges just like stocks, and their prices fluctuate throughout the day.

• Stocks are bought and sold on stock exchanges, which are marketplaces where buyers and sellers can meet to trade stocks. The prices of stocks are constantly fluctuating, depending on a variety of factors, such as the company's financial performance, economic news, and investor sentiment.

Account

There are one trading accounts offered by Freedom Broker, namely D-account.

Freedom Broker offers only one account type with varying features and benefits. Account type is designed to cater to the specific needs of traders at different levels of experience, providing them with the tools and resources they need to make better trading decisions.

How to Open an Account?

To open an account with Freedom Broker, you can follow the below steps:

1. In the top right corner of the homepage, click on the “Sign Up” button.

This will take you to the account registration page.

2. Fill in the required information, including your email address, and password.

fill in required info

3. Select your country of residence and preferred currency for trading.

Agree to the terms and conditions of the brokerage by ticking the box.

4. Click on the “Register” button to complete the registration process.

Once your account is set up, you will receive a confirmation email from Freedom Broker.

Follow the instructions in the confirmation email to verify your email address and complete the account activation process.

Once your account is activated, you can fund your account to start trading. You can deposit funds using various payment methods, including bank transfers, credit/debit cards, and e-wallets. You can choose to trade via the web-based trading platform or download the trading app for desktop or mobile devices.

Trading Platforms

Freedom Broker offers Web Trader and mobile apps for its clients.

• Web Trader is a web-based trading platform that allows you to trade from any device with an internet connection. It is a simplified version of the trading platform, but it still offers several useful features.

WebTrader is a popular trading platform that offers a number of benefits for traders. It is easy to use, accessible, affordable, and secure. It allows traders to open and close positions online, without downloading any software. It is a popular platform for traders who want to trade on the go or who do not want to install any trading software on their computer.

Trading Platforms

See the trading platform comparison table below:

Broker Trading Platforms
Freedom Broker Web Trader, mobile apps
Admiral Markets MT4/5, Web trader
XM MT4/5, Web trader
IC Markets MT4/5, Web trader

Deposits & Withdrawals

There is no information on the specific deposit and withdrawal methods that are accepted by Freedom Broker, or on any fees that may be charged for deposits or withdrawals. This lack of information can make it difficult for potential customers to compare Freedom Broker to other forex brokers, and to make an informed decision about whether to open an account with them.

Freedom Broker minimum deposit vs other brokers

Freedom Broker Most other
Minimum Deposit N/A $100

Conclusion

In conclusion, Freedom Broker is a brokerage firm that provides access to trading instruments and offers Web Trader and mobile apps to cater to different trading preferences. However, the company currently is a counterfeit dealer. Traders should exercise caution and conduct thorough research when considering Freedom Broker or any other brokerage firm, taking into account factors such as reputation, client feedback, and regulatory compliance. Making an informed decision requires a comprehensive evaluation of all relevant factors beyond the information provided here.

Frequently Asked Questions (FAQs)

Q1: What types of trading instruments are available at Freedom Broker?
A1: Freedom Broker offers Stocks and ETFs.
Q2: Is Freedom Broker a regulated brokerage firm?
A2: Unregulated.
Q3: What trading platforms does Freedom Broker provide?
A3: Freedom Broker offers Web Trader and mobile apps.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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