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Frec: Tax-aware investing

Frec: Tax-aware investing

Direct indexing & long short

42 ratings
21 reviews
💼 Business
💰 Finance
Free

Details

Released
December 16, 2024
Updated
November 11, 2026

Features

Developer

Frec Markets, Inc
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About

Invest in tax-efficient strategies with direct indexing and customizable portfolios. Access cash with a portfolio line of credit and earn yield on idle cash. Trade commission-free with secure asset protection.

✓Direct indexing with tax loss harvesting
✓Customizable stock and sector weights
✓Long/short direct indexing for portfolio tilting
✓Portfolio line of credit
✓Yield on idle cash
✓Commission-free trading
✓Secure asset custody
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What users say about Frec

Reviews of Frec are mostly positive: the Finance app is rated 4.8/5 from 42 App Store ratings. What users like most: beginner friendly and easy to use, incredible customer service. Summarized from real user reviews.

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
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+1

What's New in Frec

0.10.2

November 11, 2026

Bug fixes and improvements

User reviews

Most RecentHighest RatedLowest Rated

So far so good

So far so good now that they fixed the iPad bug
CCHFR1776

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 !!
IIcedcoffeeluv1234

The best

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

5 stars!
AAimingforalpha

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! 💙
Ooatcap

Easy investing

Love the product, love the app! Appreciate the ease of starting a joint account with someone else
Aappuser9998
See 16 more reviews

FAQ

What are the minimum investment requirements for Frec?

Minimums for Frec’s Classic direct indexing range from $5K to $50K, depending on the index. This allows for flexibility based on the specific index strategy chosen by the investor.

How does Frec compare to other direct index providers in terms of fees?

Frec's Large Cap index has a 0.10% fee, which is lower than competitors like Wealthfront (0.25%) and Fidelity (0.40%). This competitive fee structure aims to maximize investor returns over time.

What is the interest rate for Frec's portfolio line of credit?

The interest rate for Frec's portfolio line of credit is always the Effective Federal Funds Rate + 1%. This provides a transparent and competitive borrowing rate without requiring a credit check.

How are my assets secured with Frec?

Your assets are held securely with Apex Clearing, a trusted custodian. Frec employs encryption, 2FA, and manual monitoring for data protection, and your securities are protected up to $500K by SIPC, with additional coverage available.

Can I customize my index with Frec?

Yes, you can customize indices by adding, excluding, or adjusting the weights of up to 25 stocks and up to 5 sectors for multi-sector indices. This allows for a personalized investment approach.

What is the update frequency for Frec?

The app was last updated on November 2, 2026, with version 0.10.0 released. This indicates ongoing development and feature enhancements.

What is the user sentiment surrounding Frec?

User reviews indicate a 'positive' overall sentiment, with pros highlighting ease of use, customer service, maximized returns, low fees, and an intuitive interface for managing portfolios.

Does Frec have ads?

No, Frec does not contain advertisements. The app is free to use, and the focus is on providing a seamless investment experience without commercial interruptions.