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CompanyFreedom24

More European offices and a possible banking licence

Freedom24 is expanding its local offices and in-house technology in Europe and is exploring a banking licence, while brokerage remains its core business.

Key points

  • More local offices and in-house technology in Europe
  • Freedom24 is exploring a banking licence
  • Client protection is unchanged for now

Freedom24 is expanding its local offices and in-house technology in Europe and is exploring a banking licence. Brokerage remains its core business.

Freedom24 serves residents of the EEA and Switzerland through Freedom Finance Europe Ltd, which is regulated by CySEC and belongs to the Nasdaq-listed Freedom Holding Corp.

A banking licence could eventually bring banking services alongside the brokerage account. Until anything is granted, client protection stays as it is: CySEC regulation and the Cyprus Investor Compensation Fund.

Source: WikiFX. Written in our own words by the Broksal Team; see our methodology for how we cover news.

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