Free with restrictions. If you want to remove those restrictions you need to upgrade or find a base game code.
So it's limited F2P.
https://help.guildwars2.com/hc/en-us...-Free-Core-HoT
So no. It's F2P for the base game and the full game requires a one time purchase. You cannot experience the entirety of the game on a free account.
So it's not a free MMO at all and calling it free is partly disingenuous. The base game is free with restrictions whereas the entirety of the game is Buy to Play.
I mean what do you get in the base game?
WvW? Woop de do most part that is just a zergfest.
Story. Core story was subpar at best and the Zhaitan fight an utter pile of garbage.
PvP. PvP is actually pretty decent in the game so a worthwhile thing there for PvP players.
Fractals. Decent but eventually just become a grindfest. Can't say I ever did them much since Ascended Gear was pretty much me done for the build.
World bosses. Mindless zergfests for the most part. Literally Tequatl has you moving back and forth. Jormag has some minor interesting stuff but the rest of them are a zerg. Most people just sit at the camp waiting for Ulgoth for example. Although they have to be accessible to all.
My point being the OP made this thread with a clear bias. Not hard to see.