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Freedom Finance Global Review
Freedom Finance Global is a Kazakhstan based broker under Nasdaq listed Freedom Holding Corp. It faces an open SEC and DOJ inquiry and denied a 2023 sanctions evasion report.
Min Deposit
$1
Spreads From
Not published as a single pip figure, this is mainly a multi asset stock and ETF broker
Max Leverage
Varies by market and product, not published as one figure
Platforms
Freedom Broker Web Terminal, Freedom mobile app
Pros
- Backed by Nasdaq listed Freedom Holding Corp, a public company with SEC filings
- Accounts open with as little as $1, with no minimum deposit required
- Access to more than 40,000 instruments across major global exchanges
- Holds a separate CySEC license in Cyprus through Freedom Finance Europe
- S&P Global rates the group BB minus with a stable outlook
Cons
- Under an open SEC inquiry since 2021 into accounting and market practices
- Hindenburg Research alleged sanctions evasion links in an August 2023 report
- Main license sits with Kazakhstan's AFSA, outside FCA or ASIC level oversight
- The company funded its own external review of the sanctions allegations
Freedom Finance Global PLC is registered in Kazakhstan's Astana International Financial Centre, licensed by the AFSA under AFSA A LA 2020 0019. Timur Turlov founded the group in 2008, now a subsidiary of Freedom Holding Corp, listed on the Nasdaq as FRHC. A European arm, Freedom Finance Europe Ltd, holds a separate CySEC license in Cyprus.
Accounts open with as little as $1 and give access to more than 40,000 instruments across Nasdaq, NYSE, LSE, and other exchanges through a web and mobile terminal. It reports over 340,000 accounts and $68 billion in 2024 client trading volume, and S&P Global rates the group BB minus, stable outlook.
In August 2023, Hindenburg Research alleged Freedom Holding helped sanctioned Russians move money through a Belize unit. A company commissioned external review found no evidence for the claims. Since 2021, the SEC has also sent subpoenas over settlement practices, market maker ties, and accounting, an inquiry still open today.
Min. Deposit
USD 1
Max Leverage
Varies by market and product, not published as one figure
Spreads From
Not published as a single pip figure, this is mainly a multi asset stock and ETF broker
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
