Direct platform
Frec
Frec is an online brokerage that sells direct indexing, long/short direct indexing, and a concentrated-stock long/short product with no advisor.
- Their fee
- The product fee only
- Minimum
- $20K
- Onboarding
- Not disclosed
- Status
- Open
Direct indexing 0.09% to 0.35% by index. Long/short 0.50% to 1.30% plus 0.23% to 0.86% post-tax financing. Diversify 0.60% to 1.10% plus 0.23% to 0.57% post-tax financing.
Direct indexing $20K to $50K. Long/short and Diversify $100K to $500K, depending on leverage.
The broker-dealer is Frec Securities LLC. The pricing page does not name the clearing firm, so exposure to custodian limits is not known.
US residents only. Individual, joint, trust, and business accounts.
Products they offer
Tax-aware long/short
| Product | Product fee | All-in fee |
|---|---|---|
| Frec: Long Short Direct Indexing and Long Short DiversifyLeverage options. Financing is extra. For concentrated stock. | 0.50%–1.30% | 0.50%–1.30% |
Direct indexing
| Product | Product fee | All-in fee |
|---|---|---|
| Frec: Direct Indexing (Classic)26 indexes listed on the pricing page. | 0.09%–0.35% | 0.09%–0.35% |
Sources
Checked 2026-10. Confidence: high.