Freedom24

Arnold Joseph

1-2 years

What is the usual timeframe for a withdrawal from Freedom24 to reach a bank account or e-wallet?

WikiFX Reply

Based on my research and experience with brokers like Freedom24, withdrawal timeframes can vary and are a crucial concern for responsible traders. According to the official details provided, Freedom24 allows deposits and withdrawals via bank wire and Visa; however, they do not explicitly state the typical processing time or guarantee specific timeframes. From my experience, regulated brokers in Cyprus such as Freedom24, which is overseen by CYSEC, generally aim to process withdrawals within a few business days, but the total time can also depend on your bank or payment provider. It’s notable that Freedom24 does not define a minimum amount for withdrawals or deposits, nor do they mention explicit fees or charges, which means the onus is on traders like me to confirm these directly with customer support beforehand. Because explicit timelines are not published and because Freedom24 is categorized as a market maker with identified high potential risk by industry monitors, I personally take a cautious approach. I always make smaller initial withdrawals to test the efficiency and responsiveness before committing larger sums. In summary, while regulated, Freedom24 does not provide guaranteed withdrawal processing times, so in my experience, it’s wise to expect a standard industry timeframe (often 2-5 business days), but delays may occur. I would advise any trader to approach withdrawals here with careful planning and regular communication with support.

Broker Issues

Freedom24

Withdrawal

Deposit

08-28

United States

LoukiaCharilaou

1-2 years

Is Freedom24 overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?

WikiFX Reply

In my experience with evaluating forex brokers, regulatory oversight is always my top priority, as it provides a foundational layer of security for my trading capital. Freedom24 operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC), and this regulatory framework is a significant consideration for me. CySEC's oversight generally involves strict compliance requirements, particularly regarding the segregation of client funds, operational transparency, and regular reporting. This helps establish a level of accountability that I personally look for before depositing funds and actively trading. What stands out to me about Freedom24 is that its regulatory status is clearly defined—its license number is 275/15 under the name Freedom Finance Europe Ltd. Based on my due diligence, being regulated by CySEC offers some protection to investors in the European Economic Area, including dispute resolution avenues. However, I remain cautious, since regulatory regimes can vary in their strictness and enforcement, and the risk alerts for firms with global business models can shift quickly with changes in regional oversight. In conclusion, Freedom24 is indeed overseen by a recognized financial authority—CySEC in Cyprus. While this satisfies an important criterion for me when considering a broker, it’s only one part of my comprehensive risk assessment process before committing to any platform.

Broker Issues

Freedom24

Regulation

08-05

United States

sinopi

1-2 years

Which payment options can you use to deposit or withdraw funds with Freedom24, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX Reply

In my experience trading with a variety of brokers, I pay close attention to the available deposit and withdrawal methods, as these can impact both convenience and overall safety. When it comes to Freedom24, my review is shaped by their official stance on payment options. Freedom24 accepts payments through bank wire transfers and Visa, but I did not find any indication that they currently support services like PayPal, Skrill, or cryptocurrencies for funding or withdrawals. Personally, I find bank wire and card payments to be standard and relatively reliable, especially under a regulated entity like those supervised by CYSEC in Cyprus. However, as someone who prefers a range of funding options—particularly e-wallets or crypto for speed and versatility—I consider this a limitation. It’s also notable that there’s no publicly defined minimum deposit or withdrawal amount, and I couldn’t verify any fee structure on their part, which for me adds some uncertainty when planning transactions. From a risk management standpoint, I always recommend using payment methods that offer clear traceability and protection. While card payments and bank wires generally provide that, the absence of alternative e-wallets or crypto options means Freedom24 may not be the most flexible in this area, especially for international traders used to modern fintech solutions. For me, this is neither a deal breaker nor an endorsement, but it’s a point that prospective clients should weigh carefully.

Broker Issues

Freedom24

Deposit

Withdrawal

07-28

United States

Abu00saeed

1-2 years

Is it possible to deposit funds into my Freedom24 account with cryptocurrencies such as Bitcoin or USDT?

WikiFX Reply

Based on my direct experience with Freedom24 and a careful review of their provided information, I found that deposit options at Freedom24 are limited to traditional means such as bank wire and Visa. Nowhere in their materials did I see support for deposits via cryptocurrencies like Bitcoin or USDT. This aligns with their regulatory obligations in Cyprus, where payment methods involving cryptocurrencies are often subject to stringent oversight or not permitted at all for licensed investment firms. For me, this lack of crypto deposit options emphasized their cautious, regulation-first approach. While some traders might view this as a limitation, I consider it a sign that Freedom24 adheres tightly to financial and anti-money laundering requirements set forth by CYSEC. In my opinion, this adds a meaningful layer of accountability. Before funding any trading account, I always verify official deposit channels with customer support, and I recommend others do the same, especially as payment methods can change over time. However, as of my latest experience and the most recent information available, funding your Freedom24 account with digital assets like Bitcoin or USDT is not possible.

Broker Issues

Freedom24

Withdrawal

Deposit

07-23

United States