Interactive Brokers vs Freedom24
Interactive Brokers scores higher overall (4.7 vs 4.3), but the better choice depends on where you live and how you trade. 31 countries can open an account with both.
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Interactive Brokers
The widest market access here, with low costs and top-tier regulation.
Side by side
| Interactive Brokers | Freedom24 | |
|---|---|---|
| Overall score | 4.7 / 5 | 4.3 / 5 |
| Founded | 1978 | 2008 |
| Listing | Nasdaq (IBKR) | Parent Freedom Holding Corp. on Nasdaq (FRHC) |
| CFDs | Yes | No |
| Minimum deposit | No minimum | €0 |
| Platforms | Trader Workstation (TWS), IBKR Desktop, Client Portal (web), IBKR Mobile, IBKR GlobalTrader | Freedom24 web platform, Freedom24 mobile app |
| Main regulators | SEC / FINRA / CFTC, FCA (UK), Central Bank of Ireland, ASIC (Australia), Top-tier regulators | CySEC (licence 275/15) |
| Countries accepted | 183 of 197 | 31 of 197 |
| Best for | Experienced investors who want access to global exchanges | European investors who want real shares, options and IPOs instead of CFDs |
Category by category
| Category | Interactive Brokers | Freedom24 |
|---|---|---|
| Regulation & safety | 5.0 | 4.5 |
| Trading costs | 4.7 | 4.1 |
| Platforms & tools | 4.4 | 4.2 |
| Range of markets | 5.0 | 4.6 |
| Ease of use | 3.6 | 4.3 |
Availability
Both brokers accept residents of 31 countries. Only Interactive Brokers is available in 152, and only Freedom24 in 0. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose Interactive Brokers if you are looking for experienced investors who want access to global exchanges. Choose Freedom24 if you are looking for european investors who want real shares, options and IPOs instead of CFDs.
Note that Freedom24 does not offer CFDs, so this is a comparison between leveraged trading and investing in real assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.