Are you confused about whether to choose Freedom24 vs Nextmarkets as a broker for your investing needs?
In this side-by-side comparison, we analyse Freedom24 vs Nextmarkets to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Freedom24 vs Nextmarkets: In a Nutshell
New stocks at the IPO price
It offers stocks of new companies at the IPO price, as well as 40,000+ stocks, 1,500+ ETFs, 800,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.
Freedom24 trading platform can be accessed through PC and mobile App versions. They are well-designed but lack customization options. It includes additional features such as “InvestIdeas” and “News”.
All Freedom24 clients have D-accounts – USD and EUR saving accounts that give you interest rates in your parked money (up to 3% per annum).
Curated investing
Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app.
You can invest in financial products such as shares, ETFs, CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
With “curated investing”, Nextmarkets wants to allow you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.
Pros and Cons
Freedom24
Pros
- No fees for the first 30 days
- Early access to new stocks at the IPO price
- Low commissions on stock and ETF trading
- No minimum deposit for general trading
- Demo trading
- USD saving accounts at 3% per annum
- Slick, modern, and easy for anyone to use
- No custody fee
Cons
- Minimum deposit of $2,000 for new stocks at the IPO price
- €7 per withdrawal
- High currency conversion fee
- High costs for stocks bought at the IPO price
Nextmarkets
Pros
- Zero commission trading for all asset classes (orders above €250)
- No custody, inactivity and deposit/withdrawal fee
- Fast account opening process (less than 5 min)
- No minimum deposit
- No currency conversion fee
- Good customer support
- Demo Account
Cons
- €1 commission per order below €250
- The web platform is a little “buggy”
- No clear distinction between real shares and CFDs
- Spreads are above average
- No fundamental data
- No educational materials
- The minimum withdrawal is €150
Freedom24 vs Nextmarkets: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
