Freedom Finance Vs. City Index - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

• Real equities traders looking to day-trade stocks, options, futures and ETFs
• Long term investors looking to build a stocks or ETFs portfolio
• Experienced investors that know which assets they are looking for

• Intermediate and experienced traders looking for a great asset variety on CFDs
• Experienced traders looking to trade options over 17 asset classes
• Share and ETF traders looking for a comprehensive offering

• CySec (Cyprus)
• BaFin (Germany)
• SEC (United States)

• FCA (UK)
• ASIC (Australia)
• MAS (Singapore)
• ADGM (United Arab Emirates)

• Over 1,500,000+ assets from several exchanges worldwide
• All assets are real equities (they do not provide CFDs)
• InvestIdeas section with great analysis on several high potential stocks
• 3% per year in their savings D-account (Daily interest accrual)

• All assets are CFDs, there is no possibility to buy real stocks or ETFs
• Cryptocurrency offering is below most of its competitors (only 5)
• While easy to execute a trade, platform is difficult for a novice to navigate

• The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers
• Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
• No stock screener or tools to research and analyse stocks efficiently

• All assets are CFDs, there is no possibility to buy real stocks or ETFs
• Cryptocurrency offering is below most of its competitors (only 5)
• While easy to execute a trade, platform is difficult for a novice to navigate

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfers

• Visa
• Mastercard
• Maestro
• Electron
• PayPal
• Bank Transfer

SY, IR. 

US, CA, SY, IR.

12£ monthly after 1 year of inactivity.

Yes, 7€ for bank transfers.

Yes, up to 2.5% for credit / debit cards.

Yes and the vary per account:

In their all inclusive USD account they charge,

• 0.5% + $0.012 per share with a minimum  of $1.2 per trade
• $0.65 per USA stock options contract
• 12% for margin lending

In their Smart in EUR account they charge,

• 0.02€ per share with a minimum of 2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.05 for each SMS notification

In their Fix in EUR account, they charge,

• 10€ Monthly account fee
• 0.012€ per share with a minimum of 1.2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.03 for each SMS notification

• Spread betting markets have no commission
• CFDs or FX trading has no commission as well (except equities: shares & ETFs)
• Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
• The minimum equity commission rates are $10, £10 or 10€.