The actual number of allocated shares depends on supply and demand. Because of the sheer number of investors, top-ranking underwriters can only satisfy a fraction of the brokerage application. In fact, often the amount of the collective application exceeds the volume of the entire allotment. Clients may therefore receive shares for less than the amount specified in the order, and this is normal. Of course, payment is only made for the shares actually bought. The remaining money is immediately returned to the client’s account.
The ratio between the value of the purchased shares and the amount of the submitted order is called the allocation. Often, allocations range from just 1 to 5% and in some placements from 10 to 100%.
Choosing us as your broker is the best you can do for the safety of your assets. If you do so, you become a client of a trusted company having extensive experience in the stock market and regulated by government authorities and auditors.
European law obliges us to obtain the best possible result for the client, regardless of whether we execute orders on behalf of clients or pass them on to third parties for execution. We, therefore, choose to hold securities on the accounts of superior brokers or custodians, which in terms of price, speed of execution and several other criteria are most favourable to you.
For example, securities purchased on US exchanges are allocated to the custody accounts of Vision Financial Markets LLC. If transactions are executed on the European stock markets and the OTC market in Eurobonds, then the delivery, accounting and safekeeping are done directly on the accounts of Freedom Finance Europe Ltd with Euroclear, the European depositary.
Further details can be found in the Best Execution Policy on our website.
Your ownership, as well as your money transfer, is confirmed by in the Asset Management Backend. You can download the report you need in a format convenient to you and for the period required by logging into your account and selecting the Requests/Reports tab.
Securities are considered an asset. Like real estate, money, a car, or anything, you can sell or buy it, donate it, leave it as an inheritance and even transfer it to trust. The only question is how to do it.
Securities are a good tool for accumulating a personal “retirement fund”. Unlike funds that are stored, for example, somewhere in a pension fund, they will be inherited by family members.
Inheritance can be received through a will or by law, the procedure depends on applicable legislation of each country.
In the event of such circumstances, a death certificate should be provided to Freedom Finance to suspend transactions on the account for securities reasons, until inheritance takes over.
Further, once all legal procedures are completed an heir(s) has to submit Freedom Finance’s respective confirmation of inheritance.
Additionally, KYC documents of heirs shall be required for identification and verification, the list will be provided separately.
Then, once all procedures are finalized, depending on the will of an heir(s) the trading operations continue or withdraw securities and funds.
Kindly note, that the above-mentioned gives a general description of the procedure and in each case, you will be guided by our team.