What Is a D Account?
A D account is a fixed income sub account, which you can open with Freedom Finance Europe Ltd. With a D account, you get 3% per annum in USD, on a daily basis.
Where Does This Income Come from?
Every business day, clients' funds from D-accounts are invested in accordance with client's instructions via currency swap transactions, which yields this fixed income of 3% per annum (subject to rounding).
The interest rate may be changed by the company at any time.
What Is a Currency Swap?
A currency swap is basically two currency exchange transactions, one is selling USD for EUR, with a settlement date on the swap opening day, and the other is buying USD for EUR, with a T+1 settlement date. The profit gained with the second transaction is the income you get on your D account.
D Account Limitations
You cannot trade with your D account, it is only for keeping money.
If you need to make a deposit into your Portfolio Management account or carry out a trade transfer money from your D-account into your trading account - an order is submitted in a couple of clicks and the money arrives instantly.
How to Open a D Account
Starting February 22, 2021, a D-account is automatically created for every client who opens a live account with Freedom Finance Europe Ltd. If you became our client before this date, you can open a D-account yourself.
To do this, log into your account, go to Orders > Account Settings, click New Account, open a secure session, and select D Account from the dropdown list. Confirm the operation, and that's it! Congrats, you've just opened your D account.
You can also open a D account with Freedom24 mobile app. Go to Menu, select Non-Trading Operations, tap Account Settings > New Account, open a secure session, and select D Account from the dropdown list. Your new D account will get opened automatically once you confirm the operation.
Your D account is linked to your main trading account. You can locate it with the D suffix it has before the six-digit trading account number.
How to Fund Your D Account
You can fund your D-account through any available payment method, such as with credit card, wire transfer, or transfer between trading accounts.
Open a D account and get 3% per annum on your USD balance!
Open Your D Account >>