We can increase our money in a new place, if we have enough

The global stock trading platform of the Freedom Holding investment group has officially launched in Hungary. Freedom24 was created specifically for European customers, and has achieved rapid growth across the continent, with more than 300,000 users currently using the service.

Direct access to 15 major US, European and Asian stock exchanges including NASDAQ, NYSE, CME, HKEX, Euronext, LSE and Deutsche Börse via mobile app and web. Investors can trade over 1 million financial instruments such as stocks, options and ETFs.

“Our market share is still very low, as we have 300,000 users on our broker platform. Within five years, however, we want to become a highly visible player, and not only in the brokerage sector. We managed to get to the first place in Kazakhstan,” answered Timur Turlov to our newspaper’s question.

The founder and CEO of Freedom Holding said: they want to become a digital banking platform and also want to break into the insurance sector.

“If the market opens up, services will be globalized very quickly, only a few banks will remain, and we want to be among them,” he added.

They break in with low fees

The situation is similar in the brokerage area: they try to keep trading fees as low as possible. In the case of shares and ETFs, starting from 0.02 euros, while the fee is 2 euros per order, for American stock options you have to pay 0.65 dollars per contract.

“By launching in Hungary, we enable local investors to access global trading through a robust, secure and cost-effective platform,” said Business Development Director Olga Milko.

He emphasized: Hungarians are increasingly interested in investing in innovative global companies listed on international stock exchanges.

We can also hold “Cash”.

If you have an account, you can not only trade shares, but also invest your free funds, on which we can achieve a return of up to 7.95 percent on our dollar balance and 5.62 percent on the euro. The interest rates are tied to the current SOFR and EURIBOR reference values.

– reminded Timur Turlov.

They are worth seven times as much

The company went public 5 years ago when their shares were only worth $14, but today they have managed to grow sevenfold, which means that today one share of FHRC (Freedom) costs $100.

Their main markets are the United States of America and Kazakhstan, but they have also begun to grow throughout Europe, including the appearance in Hungary.

We also talked about the company’s ambitions, super applications and the difficulties of adapting to European regulations with Timur Turlov, the founder and CEO of Freedom Holding. Our interview at the 15th Limassol Economic Forum is published in a separate article.

Investments in shares and other financial instruments always carry the risk of capital loss. Forecast or past performance is no guarantee of future results. It is important to do your own analysis before making any investment.