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Freedom24, officially known as Freedom Finance Europe Ltd, was founded on August 5, 2013. The company was established to provide a reliable platform for online trading, specializing in stock market investments for both domestic and international clients. It operates under the Freedom24 brand, catering to the needs of investors seeking access to global financial markets.
Freedom24 is a subsidiary of Freedom Holding Corp., a publicly traded international investment group listed on the NASDAQ under the ticker symbol FRHC. This parent company provides a robust financial backbone, enabling Freedom24 to leverage its resources and expertise in the financial sector.
The headquarters of Freedom24 is located in Germasogeia, Limassol, Cyprus. This strategic location within the European Union allows the company to serve a diverse client base across various regions.
Freedom24 operates globally, providing access to major stock exchanges in the United States, Europe, and Asia. The platform allows clients to trade a wide array of financial instruments, including stocks, ETFs, options, and futures. With a focus on accessibility, Freedom24 aims to democratize investment opportunities for retail investors.
Freedom24 is regulated by several authoritative bodies, including:
These regulatory affiliations ensure that Freedom24 adheres to stringent financial standards and operational guidelines, providing clients with a secure trading environment.
Since its inception, Freedom24 has achieved several key milestones:
Freedom24 has steadily expanded its services and geographical reach since its founding. Initially focused on the European market, the company has broadened its operations to include clients from various countries, establishing representative offices in Germany, Spain, and Greece. This expansion strategy has helped the company build a diverse customer base and enhance its market presence.
As of December 2024, Freedom24 has served over 618,000 retail brokerage customers and 1.4 million banking clients. This significant growth reflects the company's commitment to providing quality services and fostering trust among its users.
Freedom24 has continuously invested in technology to enhance its trading platform. The Freedom24 web platform and mobile app are designed to provide a user-friendly experience, allowing clients to trade seamlessly while accessing real-time market data and analytics.
Freedom24 has received recognition for its commitment to investor protection and regulatory compliance. The company is a member of the Association for Financial Markets in Europe (AFME), which underscores its dedication to upholding high standards in the financial industry.
Freedom24 offers a range of forex trading options, providing access to multiple currency pairs. However, specific details on the number of currency pairs available are not disclosed in the provided information.
The platform provides access to over 1 million financial instruments, including stocks from major exchanges such as NASDAQ, NYSE, and Euronext. Clients can trade a diverse range of companies, from blue-chip stocks to emerging market equities.
Currently, Freedom24 does not offer contracts for difference (CFDs) trading. The platform focuses primarily on traditional stock trading and other exchange-traded instruments.
In addition to stocks and ETFs, Freedom24 offers various financial instruments, including options and futures. The platform does not support cryptocurrency trading or commodities at this time.
One of the standout features of Freedom24 is its ability to provide retail investors with access to initial public offerings (IPOs) at pre-market prices. This unique advantage allows clients to invest early in promising companies, potentially benefiting from significant price appreciation.
Freedom24 operates under the supervision of several regulatory bodies, ensuring compliance with international financial standards:
Freedom24 is structured as a limited liability company in Cyprus, which allows it to operate across EU member states. The parent company, Freedom Holding Corp., is incorporated in the United States and listed on NASDAQ.
Freedom24 participates in the Investor Compensation Fund (ICF), which protects clients' funds up to €20,000 in the event of insolvency. This measure provides an additional layer of security for investors.
Freedom24 primarily serves clients in the European Union, with a growing presence in other regions, including Asia and the United States. The company aims to expand its reach further by opening additional offices in various countries.
Freedom24 has maintained a strong compliance record since its establishment. The company adheres to MiFID II regulations, which provide the highest level of investor protection in the EU.
Freedom24 operates in a competitive landscape that includes several key players:
Freedom24 positions itself as a reliable and user-friendly platform for retail investors, emphasizing accessibility and comprehensive market access. Its unique offering of IPO access sets it apart from competitors.
Several factors differentiate Freedom24 from its competitors:
Freedom24 has established itself as a reputable online broker, offering a diverse range of trading services and a commitment to regulatory compliance. With a growing customer base and a focus on accessibility, Freedom24 continues to empower investors around the globe. As the company evolves, it remains dedicated to providing innovative solutions and exceptional support to its clients.
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