Freedom24: over 50,000 European customers

A year after expanding into the European market, investment platform Freedom24 has over 50 thousand customers from Europe. Freedom Finance’s broker platform also surpassed 340 thousand users worldwide. The company plans to enter more European countries in the future.

Freedom24 offers over a million investment products, including stocks, bonds, ETFS, options and futures. The platform is also known for offering individual investors access to IPOs at some of the world’s largest exchanges.

European expansion

The trading platform started its promotions in Europe in 2020. As of this year, Freedom24 has 52 thousand customers located in Europe. Worldwide, the broker also surpassed 340 thousand customer accounts in 2021. Aside from Europe, other leading markets are Kazakhstan, Russia and Ukraine.

As of this year, Freedom24 has 52 thousand European customers.

Their European branch currently has offices in Germany, Spain and Greece. More European countries are to follow in the future, according to Maxim Manturov, Head of Investment Research at Freedom Finance Europe.

Leading company stocks and Hong Kong exchange

Do European customers stand out compared to users from other parts of the world? According to Manturov, Europeans are not that unique: “I wish I could surprise you, but the most owned stocks are Apple, Tesla and Ford.”

However, Europeans do show a higher interest in the Hong Kong stock exchange, he adds. “Now we are striving to become the best broker to access it.” Customers can request access to a hard-to-reach stock which can be added in just a few hours, according to Manturov.

“The most owned stocks are Apple, Tesla and Ford.”

‘Deliveroo and CureVac biggest European IPOs’

As mentioned before, the online broker is perhaps best known for their access to IPOs. The biggest European IPO so far has been Deliveroo, says Manturov, although the stocks from the food delivery service actually ended up dipping in price.

“Another huge European IPO is CureVac. The stock price of the German company listed on the United States exchange grew more than 400 percent by the end of the lock up period.” This was hugely impacted by the coronavirus pandemic, since the pharmaceutical company develops Covid-19-vaccines.

Klarna to go public in 2022

Looking into 2022, the most anticipated European IPO is that of Sweden-based payment provider Klarna. Other long awaited public offerings on the platform are the internet forum Reddit, Elon Musk’s Starlink, fintech Chime and online payment service Stripe.

In addition, there will be advanced features for options trading early next year, says Manturov. “Options continue to gain popularity around the world and we would like our customers to enjoy working with them at the highest possible level.”