Is Freedom Finance safe?
Freedom Finance is regulated by CySEC and 2 more authorities. Note: there is no investor compensation scheme — an important trade-off to weigh.
Verdict based on verified regulatory data below. We are not affiliated with regulators.
Who regulates Freedom Finance
Licenses held, with registry numbers where public
Why this broker scores 75/100
Full methodology →⚠ 1 axis accounts for 15 of 25 lost points
How safe is your money
Segregated client accounts
Client funds held separately from operating capital. Required by regulator.
No compensation scheme disclosed
Broker has not disclosed an investor compensation scheme.
Publicly traded company
Listed on a regulated exchange — financials are public.
18 years of operations
Founded 2008. No major regulatory actions on record.
Negative balance protection
You cannot lose more than your account balance.
What could go wrong
- Regulatory scrutiny over alleged sanctions-compliance — but not sanctionedShort-seller Hindenburg Research (2023) alleged sanctions-evasion and accounting problems at parent Freedom Holding, and the group has reportedly faced SEC/DOJ scrutiny. Often misreported: neither Freedom nor founder Timur Turlov is on the US OFAC sanctions list — we re-checked the OFAC SDN search and it returns no match (verified 2026-06-23). The company denies wrongdoing. The practical effect today is heavier KYC on some payment rails and that US residents cannot open accounts — not a freeze on EU/CIS clients.
- AIFC regulatory protection weaker than EU/UK/US schemesNo €20k ICF equivalent for KZ-residents accounts. AFSA register exists but practical recourse if Freedom Finance Kazakhstan fails is unclear vs FSCS (£85k) / SIPC ($500k) / ICF (€20k). EU clients trade via Freedom24 with CySEC license — better protection but consumes the 'local broker' advantage.
- Mid-tier custody and FX charges — adds up on inactive accountsCustody is free in active accounts but charged for inactive periods; FX conversion (USD↔EUR↔KZT) is 0.5% per leg. For a buy-and-hold portfolio doing one trade per year, custody+FX silently eats 1-2% annually.
- Mobile app rating 3.9 (Google Play, 5330 reviews) — below industry normReviews flag latency on order entry, occasional KYC document upload loops, and confused account-funding flows amid tighter compliance checks. iOS rating 4.4 is healthier but on smaller sample.
- Trustpilot removed this broker's rating over a guidelines breach (1293 reviews)
Frequently asked questions
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How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.