Freedom24: 300,000 customers in Europe

Investment platform Freedom24 has reached a new milestone. After starting its operations in Europe in 2020, it has now reached 300,000 European customers. Worldwide, the customer base increased with 25,000 users between 2023 and this year.

Freedom24 offers a million investment products, like bonds, stocks, ETFs, options and futures. Users can invest in stock exchanges in the US, Europe and Asia. It is owned by Freedom Holding Corporation.

555,000 users worldwide

The platform started its promotions in Europe in 2020. By the end of 2021, the company had attracted 52,000 customers in the continent. Since then, its customer base has grown strongly. Three years later, it has reached 300,000 European customers. Worldwide, the company currently has 555,000 users.

The platform’s customer base in the Netherlands increased by 95% in one year

According to the company, its customer base in the Benelux grew strongly in its financial year 2024 (which ended in March). The amount of users in the Netherlands increased 95 percent, while an increase of 70 percent in Belgian users also took place.

Five years on NASDAQ

In October, Freedom24 also celebrated five years on the NASDAQ exchange. According to the company, the share price has appreciated nearly 8.5 times since its debut in 2019. Last week, the company’s market capitalization reached over 6.6 billion euros (7 billion dollars).

The Freedom Holding’s total assets reached 8.4 billion euros (8.8 billion dollars) by the end of September this year. It also reported a year-on-year revenue increase of 33 percent, to 551.4 million euros (581 million dollars).

‘Growing to 300,000 users in Europe shows that we are responsive to what customers need’

“Our listing on NASDAQ five years ago was an important step for us to serve millions of investors worldwide. Growing to 300,000 customers in Europe confirms that we are responsive to what our customers need. We remain committed to transparency, innovation and customer focus to constantly improve our platform and services”, said Timur Turlov, CEO of Freedom Holding Corporation.