Freedom24

What Freedom24 does

Freedom24 is the European subsidiary and consumer-facing brand of Freedom Holding Corp. (Nasdaq: FRHC), operating as an international online brokerage under Freedom Finance Europe Ltd, a Cyprus-incorporated entity regulated by the Cyprus Securities and Exchange Commission (CySEC) under license CIF 275/15 issued in May 2015. The company provides retail and institutional clients with access to over 1 million financial instruments across 15 major US, European, and Asian exchanges through its proprietary Tradernet platform, which powers web, iOS, Android, and Huawei AppGallery clients and offers FIX/API connectivity for automated trading. Product breadth spans stocks and ETFs, over 147,000 government, municipal, and corporate bonds, structured products (minimum USD/EUR 1,000), and derivatives (futures and options) on 45+ exchanges via the CQG trading system.

The business is built on a transaction-fee revenue model structured around two commission tiers — an "All inclusive" plan (€0/month subscription, 0.5% + €0.012 per share, personal manager support) and a "Smart" plan (€0/month, $0.02/€0.02 per share, no personal manager) — supplemented by bond and derivatives commissions, OTC structured product fees, margin lending income (0.041%–0.049% per day), and white-label licensing of the Tradernet platform to brokers and financial institutions. Distribution combines self-service digital onboarding with a pan-European tied-agent network spanning Cyprus, Germany, France, Italy, Poland, Bulgaria, Greece, Austria, Lithuania, the Netherlands, and Spain, with stated plans to enter Portugal, Romania, and the Czech Republic while pursuing a European banking licence. The Freedom SuperApp strategy — already proven with 4.5 million users in Kazakhstan — integrates brokerage, banking, insurance, payments, and telecom into a single ecosystem, supported by the Neo Compliance AI framework that automates approximately 95% of preparatory compliance work.

Freedom24 sits within a group that reported FY2026 revenue of $2.19 billion (up from $1.6 billion in FY2024, with net income up 82% to $375 million in 2024) and a market capitalization of $11 billion as of October 2025, with institutional shareholders including BlackRock, Goldman Sachs, and Morgan Stanley. Operational scale has expanded from 100,000+ clients at the 2019 Nasdaq IPO to 14 million+ group clients across 22 countries, with back-office credibility validated by KPMG and SEC-authorized BDO consortium audits and an S&P long-term credit rating upgraded to BB- in June 2026.

Name

Freedom24

Legal name

Freedom Finance Europe Ltd

Website

https://tradernet.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Freedom24 is the European subsidiary of Nasdaq-listed Freedom Holding Corp., offering retail and institutional brokerage access to 15 global exchanges via its proprietary Tradernet platform, serving over 14 million group clients across 22 countries under CySEC regulation.

Ownership category

akta.pro rank

Product category

Online Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Prime Brokerage & Institutional Trading Services (FSAPADAF)

Keywords

• Online brokerage services
• Stock trading platform
• Retail brokerage
• Global securities trading
• Investment platform

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Brokerage Commissions: Commissions charged per share for stock and ETF trades on US, European, and Asian exchanges. For US/Europe stocks: 0.5% + €0.012 per share under the 'All inclusive' plan, or 0.02$/€ per share under the 'Smart' plan. Additional per-order fees apply. Commission on Asia stocks at 0.25% per share + HK$10 per order.
2. Bond Trading Fees: Fees charged per bond trade. All inclusive plan: 0.5% fee per bond + $5/€ per order. Smart plan: 0.15% per bond.
3. Derivatives Trading Commissions: Fees for trading futures and options on commodities, currencies, interest rates, stock indices, and cryptocurrencies through the CQG platform. USA Stock Options: $3 per contract + €10 per order under All inclusive plan, or $0.65 per contract under Smart plan.
4. White Label Platform Licensing: Revenue from offering the Tradernet platform as a white-label solution to institutional clients, brokers, and financial institutions. Clients receive a branded trading platform with front, middle, and back office integration for a licensing fee.
5. Structured Products: Combined investment vehicles with returns dependent on underlying assets. Investors place orders to buy structured products with minimum investment amounts of USD 1,000 or EUR 1,000. The platform acts as an OTC brokerage for these products.
6. Investment Advisory and Analytics: Professional investment research and financial analysis provided as part of the Freedom Finance Analytical Center. Investment ideas recommended since 2020 with average return of 16% on ideas reaching target price. Revenue generated indirectly through client engagement and trading activity.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Freedom24 operates an online brokerage platform (Freedom Finance Europe Ltd, CySEC-licensed) that provides retail and institutional investors access to 15 major US, European, and Asian exchanges via the proprietary Tradernet platform, supporting trading in stocks, ETFs, bonds, options, futures, and structured products across 1,000,000+ instruments. The offering is complemented by in-house investment research, Freedom Academy educational courses, Neo Compliance AI, and a White Label solution for brokers seeking to launch branded brokerage operations.

Product overview

Freedom24 is the European subsidiary of Freedom Holding Corp. (Nasdaq: FRHC), operating as an international online broker under Freedom Finance Europe Ltd. The platform functions as a next-generation investment ecosystem offering brokerage, banking, insurance, and digital services. The core product is the proprietary Tradernet trading infrastructure, which powers web and mobile trading platforms providing access to 15 major US, European, and Asian exchanges with over 1,000,000 financial instruments. The platform is complemented by Freedom Academy for investor education, Investment Ideas for research and analytics, and Neo Compliance AI for automated compliance. Institutional offerings include White Label solutions for launching branded brokerage businesses, Derivatives Trading via CQG system, and API/FIX connectivity for automated trading systems. The company is evolving toward a Freedom SuperApp model that integrates multiple financial services into one ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• Tradernet: Proprietary trading platform providing access to global stock exchanges (US, European, and Asian), analytics, streaming quotes, professional charting tools, news feeds, portfolio management, and social networking for investors.
• Neo Compliance
• Freedom24 Chess Academy
• Tech Forward Cyprus
• Freedom SuperApp

Products and services

• Tradernet Web Platform Proprietary online trading platform providing access to global stock markets with real-time quotes, professional charting tools, and integrated trading capabilities across web interface.
• Freedom24 Mobile App User-friendly mobile application for iOS, Android, and Huawei enabling trading and portfolio monitoring on the go.
• Stocks and ETFs Trading Trading access to 40,000 shares on US, European, and Asian exchanges including blue chips, promising start-ups, S&P 500 Dividend Aristocrats, and Asian markets.
• Bonds Trading Investment platform offering access to over 147,000 government, municipal, and corporate bonds across developed and emerging markets with automatic income accrual and coupon payment delivery.
• Derivatives Trading Advanced derivatives trading solutions providing access to 45+ derivatives exchanges and 2,000+ underlying assets through the CQG trading system with real-time low-latency market data and SPAN margin methodology.
• Structured Products Combined investment vehicles with variable return profiles depending on underlying assets, offering capital protection options and potential profit levels, with minimum investment of USD 1,000 or EUR 1,000.
• Investment Ideas Investment research platform providing market insights, trends, and analysis from in-house analysts with approximately 61% average professional experience in stock markets; average return of 16% on ideas reaching target price since 2020.
• Freedom Academy Educational platform offering courses on options trading, investment fundamentals, experienced investor strategies, trading on news, introduction to options, and structured products.
• Tradernet White Label Platform Branded trading platform solution for launching brokerage businesses with front, middle, and back office integration, featuring access to global exchanges, multilingual interface in 25 European languages, and 1,000,000+ exchange instruments.
• FIX Connection and Client Portal API Industry-standard FIX protocol connection enabling automated trading and strategy implementation, with dedicated client portal API for trading automation, account and sub-account data access.
• Recurring Investment Plan Automated regular investing feature enabling users to schedule recurring investments with 0% commission.

Quantifiable outcome

• Document verification time reduced from days to minutes using Neo Compliance AI
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Anorthosis Football AcademycoreStrategic or Co-development Partner · 1 January 2026Freedom24 announced a long-term strategic partnership with the Anorthosis Football Academy in Cyprus as its principal strategic sponsor with focus on youth football development. Freedom24 acquired naming rights to Anorthosis' historic home ground, renamed the Freedom Antonis Papadopoulos Stadium. The partnership draws on Freedom24's previous youth football involvement in Kazakhstan.
• Tech Forward CyprusminorStrategic or Co-development Partner · 1 January 2026Freedom Holding CEO Timur Turlov announced the launch of a new think tank called Tech Forward Cyprus at the 2026 FIDE Candidates Tournament, aimed at promoting Cyprus as a rising tech and finance hub globally.
• Cyprus Sailing FederationminorStrategic or Co-development Partner · 1 January 2025Freedom24 supports sailing development in Cyprus as Super Grand Sponsor of Pavlos Kontides, a two-time Cypriot Olympic medalist, and partner of the 2023 European Championship FAREAST 28R, the largest international regatta of this class held in Cyprus.
• Reforest NicosiaminorStrategic or Co-development Partner · 1 January 2025Environmental partnership supporting tree-planting efforts. Freedom24 employees planted over 200 trees and shrubs to help combat climate change, prevent desertification and soil erosion, and restore areas affected by wildfires in Cyprus.
• LIFE AgrOassis ProjectminorStrategic or Co-development Partner · 1 January 2025EU-funded programme focused on protecting agricultural areas in Cyprus and Greece, in which Freedom24 participates as part of its environmental agenda.
• FIDE (International Chess Federation)coreStrategic or Co-development Partner · 1 January 2024Freedom24 supports chess as a sport through partnerships with FIDE, bringing world-class chess events to Cyprus including the FIDE Women's Grand Prix 2024-25 and the 2026 FIDE Candidates Tournament. CEO Timur Turlov is a candidate for FIDE presidency with a platform focused on digitizing FIDE operations, expanding chess education in schools, and ensuring financial sustainability of national federations.
• Cyprus Chess FederationcoreStrategic or Co-development Partner · 1 January 2023Freedom24 became the Cyprus Chess Federation's main partner in 2023, supporting 26 competitions including Women's World Grand Prix stages and a Candidates Tournament with a €1 million prize fund. The partnership established Cyprus as one of Europe's chess hubs and led to the opening of the Freedom24 Chess Academy in Limassol in March 2025.
• Austria Chess FederationminorStrategic or Co-development PartnerFreedom24 supports chess through partnerships with FIDE, the Austrian Chess Federation and the Cyprus Chess Federation, helping develop national chess teams and nurturing young talent.
• Freedom Capital MarketscoreStrategic or Co-development PartnerUS subsidiary of Freedom Holding Corp. providing institutional and capital markets services including underwriting, market access, and execution alongside retail brokerage. Demonstrates capabilities in underwriting, market access, and execution alongside retail brokerage.
• Prime ExecutionscoreStrategic or Co-development PartnerUS subsidiary of Freedom Holding Corp. providing institutional and capital markets services, part of the group's demonstration of capabilities in underwriting, market access, and execution alongside retail brokerage.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• eToro: Social/multi-asset investment platform offering stocks, ETFs, crypto, and CFDs to retail investors globally with strong European footprint. Comparable to Freedom24 in serving European retail clients seeking global market access via a single app-based account.
• Swissquote: Swiss-listed online bank and broker offering stocks, ETFs, bonds, options, futures, FX, and crypto across global exchanges. Comparable to Freedom24 in being a regulated European bank/broker hybrid pursuing an integrated multi-product ecosystem strategy.
• Interactive Brokers: Global multi-asset online broker serving retail and professional traders with access to 150+ exchanges across stocks, options, futures, FX, bonds, and funds. Closest direct peer to Freedom24 in breadth of global exchange coverage, professional trading tools, and tiered professional/retail pricing.
• DEGIRO: Low-cost European online broker (now part of flatexDEGIRO) offering global stocks, ETFs, bonds, options, and futures across European exchanges. Direct competitor in pan-European retail brokerage with comparable fee-based revenue model and exchange breadth.
• XTB: Warsaw-listed European multi-asset broker offering stocks, ETFs, CFDs, and FX to retail and professional clients across 13+ countries. Comparable to Freedom24 in pan-European Central/Eastern European footprint and proprietary platform-led retail brokerage model.
• Plus500: Israel-based multi-asset CFD broker listed on the London Stock Exchange with a strong European retail client base. Comparable to Freedom24 in targeting self-directed European retail traders with a proprietary platform across multiple asset classes.
• IG Group: UK-listed global online trading provider offering spread betting, CFDs, share trading, and ISA accounts to retail and professional clients. Comparable to Freedom24 in pan-European multi-asset trading infrastructure and regulated brokerage offering.
• Trading 212: European-headquartered commission-free multi-asset broker offering stocks, ETFs, CFDs, and forex via mobile-first apps. Directly competes with Freedom24 in pan-European retail investing with a similar self-service, app-led experience and broad country coverage.
• Saxo Bank: Danish-headquartered online broker providing multi-asset trading and investment services to retail and institutional clients across 170+ countries. Comparable to Freedom24 in offering white-label platforms, professional charting, and tiered retail/professional service plans.

Broad incumbents

• Robinhood: US-headquartered retail brokerage platform offering commission-free stock, ETF, options, and crypto trading with a mobile-first SuperApp-style product strategy. Comparable to Freedom24 in self-service retail brokerage model and SuperApp ambition, though primarily US-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@freedom24eu
• Facebookfacebook.com/freedom24eu
• LinkedInlinkedin.com/company/freedom24eu
• Instagraminstagram.com/freedom24eu

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Freedom24