Freedom Holding Corp., one of the largest brokerage and investment holdings in Central Asia and Eastern Europe, is preparing to enter the Türkiye market. This was announced by the company’s CEO and majority shareholder, Timur Turlov, while answering a question about the group’s development strategy and international expansion, DKNews.kz reports.
Today, Freedom Holding Corp. operates in Kazakhstan, the United States, Europe, and a number of CIS countries, providing brokerage services through the brands Freedom Broker (Freedom Finance JSC, a member of KASE) and Freedom Finance Global (a member of AIX). Türkiye may become one of the key directions for the holding’s further expansion.
Why Freedom Is Choosing Türkiye
Explaining the reasons for entering the Türkiye market, Timur Turlov outlined in detail the logic behind selecting the country:
“Türkiye is the largest economy outside the European Union, with a strong domestic stock market and one of the most active communities of retail investors. Turkish households traditionally allocate significant amounts of capital to trading, and public interest in stock market instruments continues to grow steadily.”
As a result, the market combines scale, high liquidity, and a culture of active retail investing. For Freedom Holding Corp., it represents a natural next step in expanding its ecosystem.
Licensing at the Final Stage: What Is Happening Now
According to Timur Turlov, the approval process with the Turkish regulator is now practically at its final stage. The main work at this point is focused on bringing internal IT systems into compliance with local technical requirements.
“We are currently at the final stage of coordinating technical requirements with the regulator. We are aligning our IT systems with Turkish standards,” he said.
In his assessment, Freedom’s first official steps in Türkiye could begin in the near future:
“I expect that in the coming months — within the horizon of a quarter — we will receive the green light and begin the full-scale development of our brokerage product.”
Next Stage Plans: Opening a Bank
However, Freedom Holding Corp. does not intend to limit itself to establishing a brokerage presence alone. According to Timur Turlov, the strategic objective is to build a full-fledged ecosystem rather than launch an isolated service.
“I hope that next year we will also have a bank there. It is important for us to build the entire system as a whole: developing a brokerage business without a stable banking infrastructure is no longer interesting for us.”
This means that Freedom views Türkiye as a market where a model as close as possible to the one implemented in Kazakhstan will be created — combining brokerage services, a bank, digital products, and a unified technological platform.
Why Türkiye Matters for Freedom Holding Corp.: The Strategic Importance of the Market
Entering the Türkiye market opens up several opportunities for the holding:
- access to one of the largest stock markets in the region;
- working with a population that is actively engaged in investing;
- expansion of Freedom’s cross-border ecosystem;
- development of proprietary technologies in a new, highly competitive market.
Abdurahman Yarichev/Pexels
Timur Turlov emphasizes that Türkiye is not a one-off project, but a long-term investment aimed at regional expansion and strengthening the company’s presence in the Eurasian financial space.
Freedom Holding Prepares for Its Largest Expansion in Recent Years
The final stage of licensing and plans to launch a bank demonstrate that Freedom Holding Corp. is preparing for a systematic presence in Türkiye. The company intends to replicate the successful model implemented in Kazakhstan: creating a comprehensive financial and digital ecosystem that brings together brokerage services, banking, and technological solutions.
According to Timur Turlov, Türkiye will become an important milestone in the holding’s international growth, and Freedom’s first steps in the Türkiye market may be taken as early as the coming months.
