Portuguese financial portal Dinheiro Vivo reported that online broker Freedom Finance is investing time and resources in Portuguese investors. The company currently has hundreds of clients in the country, but the goal is to increase their number to 10,000 by the end of 2021. Freedom24's platform makes it convenient for Portuguese investors to access US and European stock exchanges, particularly IPOs.
According to Timur Turlov, head of Freedom Holding Corp., recently, there has been an increased demand for the company's services by the Portuguese. The broker's entry into the local market is part of the company's strategy to expand globally and increase the brand's presence in Europe. At the same time, the expansion is proceeding as planned, showing no signs of slowing down, despite the pandemic.
Freedom Finance offers Portuguese investors the opportunity to invest in IPOs of American and European companies, previously only available to large institutional players. Now the entry threshold to participate in the IPO is only $2,000, and it has become possible to buy shares at the initial price before the start of trading.
The broker does not rule out the possibility of opening a local office in the country. "We haven't decided yet - a decision will be made when the number of clients in Portugal exceeds 10,000," said Timur Turlov, founder of Freedom Finance.