diff --git a/freqtrade/commands/arguments.py b/freqtrade/commands/arguments.py
index 432bf429924..d0bad456797 100755
--- a/freqtrade/commands/arguments.py
+++ b/freqtrade/commands/arguments.py
@@ -347,7 +347,7 @@ def _build_subcommands(self) -> None:
         self.parser = ArgumentParser(
             prog="freqtrade", description="Free, open source crypto trading bot"
         )
-        self._build_args(optionlist=["version"], parser=self.parser)
+        self._build_args(optionlist=["version_main"], parser=self.parser)
 
         from freqtrade.commands import (
             start_analysis_entries_exits,
diff --git a/freqtrade/commands/cli_options.py b/freqtrade/commands/cli_options.py
index 54cd56e52aa..16f5d1c4d97 100755
--- a/freqtrade/commands/cli_options.py
+++ b/freqtrade/commands/cli_options.py
@@ -4,7 +4,7 @@
 
 from argparse import SUPPRESS, ArgumentTypeError
 
-from freqtrade import __version__, constants
+from freqtrade import constants
 from freqtrade.constants import HYPEROPT_LOSS_BUILTIN
 from freqtrade.enums import CandleType
 
@@ -59,8 +59,15 @@ def __init__(self, *args, **kwargs):
     "version": Arg(
         "-V",
         "--version",
-        action="version",
-        version=f"%(prog)s {__version__}",
+        help="show program's version number and exit",
+        action="store_true",
+    ),
+    "version_main": Arg(
+        # Copy of version - used to have -V available with and without subcommand.
+        "-V",
+        "--version",
+        help="show program's version number and exit",
+        action="store_true",
     ),
     "config": Arg(
         "-c",
diff --git a/freqtrade/main.py b/freqtrade/main.py
index bd815b74652..d4aab346825 100755
--- a/freqtrade/main.py
+++ b/freqtrade/main.py
@@ -18,7 +18,7 @@
 from freqtrade.constants import DOCS_LINK
 from freqtrade.exceptions import ConfigurationError, FreqtradeException, OperationalException
 from freqtrade.loggers import setup_logging_pre
-from freqtrade.system import asyncio_setup, gc_set_threshold
+from freqtrade.system import asyncio_setup, gc_set_threshold, print_version_info
 
 
 logger = logging.getLogger("freqtrade")
@@ -38,7 +38,10 @@ def main(sysargv: list[str] | None = None) -> None:
         args = arguments.get_parsed_arg()
 
         # Call subcommand.
-        if "func" in args:
+        if args.get("version") or args.get("version_main"):
+            print_version_info()
+            return_code = 0
+        elif "func" in args:
             logger.info(f"freqtrade {__version__}")
             gc_set_threshold()
             return_code = args["func"](args)
diff --git a/freqtrade/system/__init__.py b/freqtrade/system/__init__.py
index 10a23aa4b86..e69e90de8eb 100644
--- a/freqtrade/system/__init__.py
+++ b/freqtrade/system/__init__.py
@@ -2,6 +2,7 @@
 
 from freqtrade.system.asyncio_config import asyncio_setup
 from freqtrade.system.gc_setup import gc_set_threshold
+from freqtrade.system.version_info import print_version_info
 
 
-__all__ = ["asyncio_setup", "gc_set_threshold"]
+__all__ = ["asyncio_setup", "gc_set_threshold", "print_version_info"]
diff --git a/freqtrade/system/version_info.py b/freqtrade/system/version_info.py
new file mode 100644
index 00000000000..505992a7fd3
--- /dev/null
+++ b/freqtrade/system/version_info.py
@@ -0,0 +1,15 @@
+from freqtrade import __version__
+
+
+def print_version_info():
+    """Print version information for freqtrade and its key dependencies."""
+    import platform
+    import sys
+
+    import ccxt
+
+    print(f"Operating System:\t{platform.platform()}")
+    print(f"Python Version:\t\tPython {sys.version.split(' ')[0]}")
+    print(f"CCXT Version:\t\t{ccxt.__version__}")
+    print()
+    print(f"Freqtrade Version:\tfreqtrade {__version__}")
diff --git a/tests/test_arguments.py b/tests/test_arguments.py
index 499b194a2c3..1d48acb96d0 100644
--- a/tests/test_arguments.py
+++ b/tests/test_arguments.py
@@ -82,8 +82,8 @@ def test_common_scripts_options() -> None:
 
 
 def test_parse_args_version() -> None:
-    with pytest.raises(SystemExit, match=r"0"):
-        Arguments(["--version"]).get_parsed_arg()
+    args = Arguments(["--version"]).get_parsed_arg()
+    assert args["version_main"] is True
 
 
 def test_parse_args_invalid() -> None:
diff --git a/tests/test_main.py b/tests/test_main.py
index 54b00a7d838..0551def2d6b 100644
--- a/tests/test_main.py
+++ b/tests/test_main.py
@@ -1,5 +1,6 @@
 # pragma pylint: disable=missing-docstring
 
+import re
 from copy import deepcopy
 from pathlib import Path
 from unittest.mock import MagicMock, PropertyMock
@@ -26,6 +27,14 @@ def test_parse_args_None(caplog) -> None:
     assert log_has_re(r"Usage of Freqtrade requires a subcommand.*", caplog)
 
 
+def test_parse_args_version(capsys) -> None:
+    with pytest.raises(SystemExit):
+        main(["-V"])
+    captured = capsys.readouterr()
+    assert re.search(r"CCXT Version:\s.*", captured.out, re.MULTILINE)
+    assert re.search(r"Freqtrade Version:\s+freqtrade\s.*", captured.out, re.MULTILINE)
+
+
 def test_parse_args_backtesting(mocker) -> None:
     """
     Test that main() can start backtesting and also ensure we can pass some specific arguments