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Frec: Direct indexing

Frec: Direct indexing

Low fees and line of credit

37 ratings
20 reviews
💼 Business
💰 Finance
Free

Details

  • Released
  • Updated
  • December 16, 2024
  • July 30, 2026

Features

Developer

Frec Markets, Inc
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About

Manage investments and control your financial future with direct indexing, customizable portfolios, and tax-loss harvesting. Access cash through a portfolio line of credit and earn more on idle cash with secure Treasury options.

✓Direct indexing with customizable stock/sector weights
✓Long/short direct indexing for factor tilts
✓Diversify concentrated stocks with minimal tax impact
✓Portfolio line of credit with low fees
✓Earn yield on idle cash with Treasury
✓Zero commission fees on stocks and ETFs
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What users say

Summarized from real user reviews of Frec. Based on 37 reviews and a 4.9/5 average, it highlights the 10 positives reviewers mention most about this Finance app.

Positive things

  • 👍Beginner friendly and easy to use
  • 👍Incredible customer service
  • 💰Maximizes investment returns
  • 👍Easy to navigate app
  • 💰Saves thousands in taxes
  • 👍Seamless and responsive
  • 💰Low fees and portfolio line of credit rate
  • 👍Intuitive and allows self-management
  • 👍Sleek and simple to manage portfolio
  • 👍Effective for passive investing
See all reviews
+2

What's New in Frec

0.8.15

July 30, 2026

Bug fixes and improvements

User reviews

Most RecentHighest RatedLowest Rated

Beginner Friendly and easy to use

I hate dealing with taxes when it comes to investing! Frec helped me save on taxes and i think it looks a lot better than the competitors. Super user friendly !!
Icedcoffeeluv1234Icedcoffeeluv1234

The best

Incredible customer service, low fees and a crazy low portfolio line of credit rate

5 stars!
AimingforalphaAimingforalpha

Great way to maximize your investment returns! 💰

I’ve been using Frec for a few years now and it’s saved me thousands of dollars in taxes. The app is so easy and seamless to use, and their customer support is extremely responsive and friendly. I love Frec! 💙
oatcapoatcap

Easy investing

Love the product, love the app! Appreciate the ease of starting a joint account with someone else
appuser9998appuser9998

Game changer

Wow the app is super easy to navigate and helped me save a decent amount! Love it!
Julie S YangJulie S Yang
See 15 more reviews

FAQ

What is direct indexing?

Direct indexing allows you to track popular indices like the S&P 500 but with the ability to customize your holdings. You can exclude or adjust the weights of specific stocks and sectors, and benefit from daily tax-loss harvesting to potentially offset gains.

How does the portfolio line of credit work?

A portfolio line of credit allows you to access cash by borrowing against your existing stock investments without needing to sell them. This can be beneficial for liquidity needs while keeping your investments intact. The borrowing rate is typically the Effective Federal Funds Rate + 1%.

What are the fees associated with this app?

While there are no commission fees for trading individual stocks and ETFs, there are Assets Under Management (AUM) fees for direct indexing strategies, ranging from 0.09% to 0.35%. Specific fees can be found in the app's fee schedule.

Is my money secure with this app?

Yes, your assets are held securely with Apex Clearing, a trusted custodian. The platform uses encryption, two-factor authentication, and manual monitoring for data protection. It is also a member of SIPC, providing protection for securities up to $500K.

Who is this app best suited for?

This app is ideal for investors who want more control over their portfolios, seek tax optimization through direct indexing and tax-loss harvesting, and may need access to liquidity via a portfolio line of credit. It's also beneficial for those looking to diversify concentrated stock positions.