Freestoxx: review at a glance
Freestoxx, as a brand of WH SelfInvest, is based in Luxembourg but also has offices in six different European countries. The company, which was founded in 1998, is regulated by the Commission de Surveillance du Secteur Financier and is under the supervision of BaFin for the German market.
The Neobroker Freestoxx* by WH SelfInvest, is designed to allow EU investors to trade US stocks. There is a depot model that is basically free of charge. However, you have the option of placing orders with a low commission, but getting a prioritized trading venue on the NYSE or NASDAQ. You can also upgrade the free depot for various extended services.
the costs and fees are communicated transparently on the provider side. There are no costs for inactivity.
Opening an account or depot is quick and clearly arranged. A demo account you can easily open it by entering your full name and your e-mail address.
The custodian bank is BMO Harris Bank, which has a Fitch AA- credit rating. Your deposits are therefore subject to US Deposit protection of $250,000.
If you have any questions about Freestoxx, the best way to contact the provider is by telephone and email.
Freestoxx could through its account model be particularly attractive to investors who trade frequently and regularly, so Freestoxx would also offer the opportunity to run a manual share savings plan and thus possibly benefit from the cost-average effect. Occasional investors should pay attention to the free account that has to be paid $9.99 per month when querying real-time prices if no order was executed that month.