Freedom Finance announces commissions for transactions in euros
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The investment company Freedom Finance announced that it will introduce commissions for transactions in euros from August 16, and asked clients to close negative positions in this currency.
AT first The company’s announcement states that transactions to buy euros will incur a fee of 1% of the position (except for closing a negative position). For storage on a brokerage account of more than €1,000, a commission of 6% per annum will apply with daily accrual.
In second In the announcement, the company warned that it was adding negative positions in euros to the list of restrictions. In this regard, the broker asked clients to close negative positions in European currency, otherwise they will be forcibly closed by the broker itself.
Founded by entrepreneur Timur Turlov in 2008, Freedom Finance was part of the American holding Freedom Holding Corp. 1 July Freedom Holding announced about leaving Russia. Earlier it was planned that Timur Turlov would become the new owner of Russian companies, and later sell the business to top management. Now the deal will take place without the mediation of Timur Turlov.
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