Groupe Free has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Groupe Free/ Free Bank Groupe
Str. Coriolan Brediceanu, nr. 1 Lugoj
Romania
Telephone: +40759585795
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.freeblank-groupe.com.
I referred a friend to Groupe Free after reading several online reviews. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Low minimum deposit|Transparent fees|Comprehensive tools|Portfolio tracking tools
Cons: Limited ETF selection
After since the beginning of the year with Groupe Free I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clear documentation|Low minimum deposit|Competitive fees
Cons: Nothing significant|No crypto staking
Groupe Free had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Good analytical tools|Demo account available|Tax reports included
Cons: Research section could be deeper
Opened my account with Groupe Free after doing extensive research and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Real-time alerts|Stable platform|Smooth onboarding
Cons: Research section could be deeper|Would like more payment methods
Tried to withdraw my funds from Groupe Free and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
Groupe Free locked my account without warning and demanded documents I had already submitted. for about five months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Transparent fees|No hidden fees|Good analytical tools|Fast deposits
Cons: Research section could be deeper|Withdrawal takes 1-2 business days
For anyone considering Groupe Free, please be aware that this company has been flagged by Finansinspektionen. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The mobile app from Groupe Free is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Helpful community forum|Economic calendar|Fast execution|Two-factor authentication
Cons: Limited demo account features
Groupe Free has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Good analytical tools|Wide product range
Cons: Wish they had more educational resources|No dark mode on mobile
I was about to invest with Groupe Free but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Finansinspektionen has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises