Freedom Finance

The company was founded in 2008 ^[3] . In 2013, the company launched Russia's first online stock store for retail investors, later called Freedom24.com. ^[4] . In the same year, Freedom Finance acquired a Kazakhstani investment company ^[5] and joined the national investment program “People's IPO” in Kazakhstan ^[3] .

In 2014, the company organized the listing of Bank of America shares on KASE ^[6] , and in 2015 - listing of VTB Bank bonds ^[7] . Freedom Finance participated in the IPO of Alibaba ^[8] and the private mining company BAST ^[9] . In 2015, the company became a market maker for KEGOC shares ^[10] ; in 2016, it held an IPO for the Aktyubinsk Metal Structures Plant (AZM), which holds 70% of the metal structures market in Kazakhstan ^[11] . In 2017, the company acquired the Kazakh brokerage company Asyl-Invest ^[12] , which was among the top 3 companies in the ranking of the activity of members of the Kazakhstan Stock Exchange in the Equity Securities sector from 2009 to 2017 ^[13] .

In 2015, the group includes Freedom Finance Bank (FFIN Bank LLC), which specializes in supporting the investment activities of Freedom Finance clients. ^[14]

In 2015, Freedom Finance came under the control of Freedom Holding Corp. (formerly BMB Munai, founded in 1981 in Nevada , USA), Timur Turlov became the main shareholder of Freedom Holding Corp. ^[2]

As of May 31, 2017, he is a market maker for 12 securities: KEGOC , BAST , Aktyubinsk Metal Construction Plant , Bank of America , ETF S & P 500 ^[15] , VTB , Sberbank , Aeroflot , Gazprom , Rostelecom , Magnit , Uralkali ^{[16] [ 17]} .

According to the management, after participating in the People’s IPO program in 2014 in the Kazakhstani subsidiary of the company, 23 thousand accounts of individuals were opened ^{[5] [18]} , and since January 2015 the company has held the first place in the ranking of activity members of the Kazakhstan Stock Exchange in the Equity Securities sector ^[13] . As of June 2017, the company leads the group of leading operators of the Kazakhstan stock exchange market based on the results for 2016 ^[13] .

In July 2017, Freedom Finance acquired the Ukrainian trader Ukranet, entering the Ukrainian market. ^[19] . According to the report on the website of the US Securities Commission, the Ukrainian company is part of the American holding Freedom Holding Corp. ^[20] .

In August 2017, the company announced the upcoming initial public offering (IPO) on the New York Stock Exchange (NYSE). ^[one]

In 2018, NETTREIDER LLC, one of the oldest broker companies in Russia, was completed. ^[21] In 2019, Freedom Finance IC placed its own bonds on the Moscow Stock Exchange. ^[22] .

The company is actively engaged in activities to improve financial literacy in Russia. Since 2013, publishes the business magazine "Financier" for investors, including beginners. In 2016, the publishing book “ Mann, Ivanov and Ferber ” published a joint book “Freedom Finance” and NRU-HSE - “US Stock Market for New Investors” ^{[23] [24]} .

The key specialization is the US stock market, is the organizer of direct access to trading on the US exchanges: NYSE , NASDAQ , CBOE , CME , AMEX , as well as on the Moscow and European LSE and Euronext exchanges. Areas of activity: brokerage services , dealer activities , trust management of securities , depository activities , online trading using the platforms Netinvestor and QUIK , underwriting . The company conducts webinars , seminars, distance and full-time courses on trading . Carries out expert activities, including daily commentary activity for Kommersant ^[25] , Vedomosti ^[26] , RBC ^[27] , Forbes ^[28] , 1prime, banki.ru ^[29] , Russia Today ^[30] .

In 2011, the Federal Financial Markets Service issued the company perpetual licenses to carry out brokerage , dealer and depositary activities , as well as to conduct securities management activities.

The company also provides business services for the organization of issue and placement of securities. Freedom Finance has acted as an underwriter or co-underwriter for more than 10 issues in Russia and Kazakhstan. ^[31] Key issues - JSC BAST, LLC Zhilkapinvest, JSC Breeding Plant Komsomolets, LLC Directleasing, JSC MMTSB.

According to its own data, Freedom Finance is represented in 31 cities of Russia : Moscow , St. Petersburg , Kazan , Krasnodar , Cherepovets , Lipetsk , Kursk , Nizhny Novgorod , Krasnoyarsk , Samara , Voronezh , Yekaterinburg , Kaliningrad , Vladivostok , Volgograd , Novosibirsk , Omsk , Perm , Rostov-on-Don , Ufa , Tyumen , Sochi , Saratov , Chelyabinsk , Astrakhan , Barnaul , Irkutsk , Tolyatti , Naberezhnye Chelny , Kemerovo , Yaroslavl . Company offices are open in 12 cities of Kazakhstan .

According to the Russian rating agency RAEX , the company's credit rating is RuBB +, the outlook is “stable” ^[32] .

Financial indicators

According to calculations carried out in accordance with the methodology of the Federal Financial Markets Service , the authorized capital of the company is 3 billion rubles, the amount of own funds is 537,911,537.36 (as of December 31, 2017) rubles. ^[33]

The revenue of Freedom Finance IC in 2018 amounted to 19 144 982 000 rubles, net profit - 131 074 000 rubles. Net assets of the company in 2018 amounted to 4 358 707 000 rubles. ^[34]

As of May 2019, Freedom Finance IC is on the 9th line of the Moscow Exchange rating, which tracks the brokerage companies with the largest number of registered clients. In Freedom Finance, there are 35,710. ^[35]

As of December 31, 2018 Freedom Holding Corp. It has a net worth of $ 111,443,000, the group’s assets are $ 295,361,000, and its client base exceeds 110 thousand people. ^[36]

• The official website of the investment company "Freedom Finance" in Russia
• Freedom Finance IC credit rating
• The stock price of Freedom Holding Corp.
• Timur Turlov (Bulletin of NAUFOR №1 2019)
• Timur Turlov about the brokerage business and the upcoming IPO
• Timur Turlov about the prospects of the stock market in Russia and abroad
• IC Freedom Finance completed the placement of BO-01 series bonds for 500 million rubles
• Freedom Finance decided to raise money through bonds
• Why it became more profitable for banks to offer not deposits, but securities - Timur Turlov's opinion
• ETF became available on Moscow exchange on KASE
• Moscow Exchange Launches New ETF Trading
• ETF trades started on the Moscow Stock Exchange with reference to the KASE Kazakhstan Exchange Index
• Freedom Finance arranged a Tesla-tour for its clients
• How to spend money on yourself and make money on the exchange
• Cashback with access to the stock exchange: Freedom Finance Bank gives a unique bonus