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  • Frankfurter Allgemeine Zeitung: Timur Turlov on Post Pandemic Investment Market, Regulation, and Neo Brokers

Frankfurter Allgemeine Zeitung: Timur Turlov on Post Pandemic Investment Market, Regulation, and Neo Brokers

The EU media have been long interested in Freedom Finance activities in this market. In particular, an interview of Freedom Holding Corp.'s CEO Timur Turlov by Antonia Mannweiler, a journalist in Frankfurter Allgemeine Zeitung, a reputable German paper, has been recently published.

Frankfurter Allgemeine Zeitung is a nationwide daily newspaper with one of the most extensive correspondent networks across the globe. It is also the most widely distributed paper in German outside of Germany.

In the interview, Timur Turlov noted that 2020, when the pandemic occurred, was a record year in terms of the number of IPOs, the stock market size, the recovery pase, and the number of stimuli. Obviously, this is unlikely to continue happening next year and beyond. The reason lies in favorable interest rate expectations and dovish monetary policy. With this in mind, many companies will soon flood the market, but not all of them might survive after the IPO, especially those with weak financial indicators.

On the other hand, there is stricter regulation. The so called 'neo brokers' are currently on focus, Turlov says, and that large amount of criticism is because they are new and one has to face risks when trading with them. In addition, they are far better target for discussion than large and established broker. The US market is huge and has millions of clients, so one cannot meet everyone's needs without being noticed by the regulatory authorities.

One of the most serious questions is how to protect people from themselves. Many countries are trying to solve this problem on their own, protecting investors from unscrupulous financial intermediaries or instruments. However, the sooner investors start trading, the sooner they will gain experience in managing their own assets and minimizing losses. Stock trading is just one of the investment vehicles, and one should rather explain how to use it than just restrict or ban it.

The final question to Freedom Finance's founder was whether companies' costs would rise as the brokerage regulations increase.

'Those costs have always been increasing and will continue to do so, but this is not a serious issue,' Mr. Turlov said. 'New companies that enter the markets are working quite efficiently and can take those expenses. The number of neo brokers is steadily increasing, while the market is currently viewed as oligopoly. This leads to tighter regulation and the emergence of more sophisticated technologies. The competition will be growing every year and driving innovation and change. In the end, only the largest companies will survive.'

You can read full interview at the Frankfurter Allgemeine Zeitung website.