<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.3a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: http://www.novaworks.co -->
    <!-- Field: Doc-Info; Name: Source; Value: 202522 03312020 10K.xfr; Date: 2020%2D07%2D13T22:18:59Z -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DocumentAndEntityInformation" xlink:href="frhc-20200331.xsd#DocumentAndEntityInformation" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/ConsolidatedBalanceSheets" xlink:href="frhc-20200331.xsd#ConsolidatedBalanceSheets" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/ConsolidatedBalanceSheetParenthetical" xlink:href="frhc-20200331.xsd#ConsolidatedBalanceSheetParenthetical" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfOperationsAndStatementsOfOtherComprehensiveIncomeloss" xlink:href="frhc-20200331.xsd#ConsolidatedStatementsOfOperationsAndStatementsOfOtherComprehensiveIncomeloss" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfShareholdersEquity" xlink:href="frhc-20200331.xsd#ConsolidatedStatementsOfShareholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="frhc-20200331.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DescriptionOfBusiness" xlink:href="frhc-20200331.xsd#DescriptionOfBusiness" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPolicies" xlink:href="frhc-20200331.xsd#SummaryOfSignificantAccountingPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CashAndCashEquivalents" xlink:href="frhc-20200331.xsd#CashAndCashEquivalents" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/RestrictedCash" xlink:href="frhc-20200331.xsd#RestrictedCash" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValue" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValue" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNet" xlink:href="frhc-20200331.xsd#BrokerageAndOtherReceivablesNet" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansIssued" xlink:href="frhc-20200331.xsd#LoansIssued" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssets" xlink:href="frhc-20200331.xsd#DeferredTaxAssets" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FixedAssetsNet" xlink:href="frhc-20200331.xsd#FixedAssetsNet" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/IntangibleAssetsNet" xlink:href="frhc-20200331.xsd#IntangibleAssetsNet" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherAssetsNet" xlink:href="frhc-20200331.xsd#OtherAssetsNet" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SecuritiesSoldNotYetPurchased-AtFairValue" xlink:href="frhc-20200331.xsd#SecuritiesSoldNotYetPurchased-AtFairValue" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DebtSecuritiesIssued" xlink:href="frhc-20200331.xsd#DebtSecuritiesIssued" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CustomerLiabilities" xlink:href="frhc-20200331.xsd#CustomerLiabilities" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradePayables" xlink:href="frhc-20200331.xsd#TradePayables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligations" xlink:href="frhc-20200331.xsd#SecuritiesRepurchaseAgreementObligations" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansReceived" xlink:href="frhc-20200331.xsd#LoansReceived" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherLiabilities" xlink:href="frhc-20200331.xsd#OtherLiabilities" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeExpense" xlink:href="frhc-20200331.xsd#FeeAndCommissionIncomeExpense" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainOnTradingSecurities" xlink:href="frhc-20200331.xsd#NetGainOnTradingSecurities" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetInterestIncomeexpense" xlink:href="frhc-20200331.xsd#NetInterestIncomeexpense" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperations" xlink:href="frhc-20200331.xsd#NetGainlossOnForeignExchangeOperations" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/RelatedPartyTransactions" xlink:href="frhc-20200331.xsd#RelatedPartyTransactions" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockholdersEquity" xlink:href="frhc-20200331.xsd#StockholdersEquity" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockBasedCompensation" xlink:href="frhc-20200331.xsd#StockBasedCompensation" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/Leases" xlink:href="frhc-20200331.xsd#Leases" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SubsequentEvents" xlink:href="frhc-20200331.xsd#SubsequentEvents" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:href="frhc-20200331.xsd#SummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:href="frhc-20200331.xsd#SummaryOfSignificantAccountingPoliciesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CashAndCashEquivalentsTables" xlink:href="frhc-20200331.xsd#CashAndCashEquivalentsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/RestrictedCashTables" xlink:href="frhc-20200331.xsd#RestrictedCashTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueTables" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNetTables" xlink:href="frhc-20200331.xsd#BrokerageAndOtherReceivablesNetTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansIssuedTables" xlink:href="frhc-20200331.xsd#LoansIssuedTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssetsTables" xlink:href="frhc-20200331.xsd#DeferredTaxAssetsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FixedAssetsNetTables" xlink:href="frhc-20200331.xsd#FixedAssetsNetTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/IntangibleAssetsNetTables" xlink:href="frhc-20200331.xsd#IntangibleAssetsNetTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherAssetsNetTables" xlink:href="frhc-20200331.xsd#OtherAssetsNetTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DebtSecuritiesIssuedTables" xlink:href="frhc-20200331.xsd#DebtSecuritiesIssuedTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CustomerLiabilitiesTables" xlink:href="frhc-20200331.xsd#CustomerLiabilitiesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradePayablesTables" xlink:href="frhc-20200331.xsd#TradePayablesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligationTables" xlink:href="frhc-20200331.xsd#SecuritiesRepurchaseAgreementObligationTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansReceivedTables" xlink:href="frhc-20200331.xsd#LoansReceivedTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherLiabilitiesTables" xlink:href="frhc-20200331.xsd#OtherLiabilitiesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeexpenseTables" xlink:href="frhc-20200331.xsd#FeeAndCommissionIncomeexpenseTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainOnTradingSecuritiesTables" xlink:href="frhc-20200331.xsd#NetGainOnTradingSecuritiesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetInterestIncomeexpenseTables" xlink:href="frhc-20200331.xsd#NetInterestIncomeexpenseTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperationsTables" xlink:href="frhc-20200331.xsd#NetGainlossOnForeignExchangeOperationsTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockBasedCompensationTables" xlink:href="frhc-20200331.xsd#StockBasedCompensationTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LeasesTables" xlink:href="frhc-20200331.xsd#LeasesTables" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesDetails" xlink:href="frhc-20200331.xsd#SummaryOfSignificantAccountingPoliciesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" xlink:href="frhc-20200331.xsd#SummaryOfSignificantAccountingPoliciesDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CashAndCashEquivalentsDetails" xlink:href="frhc-20200331.xsd#CashAndCashEquivalentsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CashAndCashEquivalentsDetails1" xlink:href="frhc-20200331.xsd#CashAndCashEquivalentsDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/RestrictedCashDetails" xlink:href="frhc-20200331.xsd#RestrictedCashDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails1" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails2" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueDetails2" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails3" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueDetails3" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails4" xlink:href="frhc-20200331.xsd#TradingAndAvailable-for-saleSecuritiesAtFairValueDetails4" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNetDetails" xlink:href="frhc-20200331.xsd#BrokerageAndOtherReceivablesNetDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansIssuedDetails" xlink:href="frhc-20200331.xsd#LoansIssuedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails" xlink:href="frhc-20200331.xsd#DeferredTaxAssetsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails1" xlink:href="frhc-20200331.xsd#DeferredTaxAssetsDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails2" xlink:href="frhc-20200331.xsd#DeferredTaxAssetsDetails2" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetailsNarrative" xlink:href="frhc-20200331.xsd#DeferredTaxAssetsDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FixedAssetsNetDetails" xlink:href="frhc-20200331.xsd#FixedAssetsNetDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FixedAssetsNetDetailsNarrative" xlink:href="frhc-20200331.xsd#FixedAssetsNetDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/IntangibleAssetsNetDetails" xlink:href="frhc-20200331.xsd#IntangibleAssetsNetDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/IntangibleAssetsNetDetailsNarrative" xlink:href="frhc-20200331.xsd#IntangibleAssetsNetDetailsNarrative" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherAssetsNetDetails" xlink:href="frhc-20200331.xsd#OtherAssetsNetDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/DebtSecuritiesIssuedDetails" xlink:href="frhc-20200331.xsd#DebtSecuritiesIssuedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/CustomerLiabilitiesDetails" xlink:href="frhc-20200331.xsd#CustomerLiabilitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/TradePayablesDetails" xlink:href="frhc-20200331.xsd#TradePayablesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligationDetails" xlink:href="frhc-20200331.xsd#SecuritiesRepurchaseAgreementObligationDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LoansReceivedDetails" xlink:href="frhc-20200331.xsd#LoansReceivedDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/OtherLiabilitiesDetails" xlink:href="frhc-20200331.xsd#OtherLiabilitiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeexpenseDetails" xlink:href="frhc-20200331.xsd#FeeAndCommissionIncomeexpenseDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainOnTradingSecuritiesDetails" xlink:href="frhc-20200331.xsd#NetGainOnTradingSecuritiesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetInterestIncomeexpenseDetails" xlink:href="frhc-20200331.xsd#NetInterestIncomeexpenseDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperationsDetails" xlink:href="frhc-20200331.xsd#NetGainlossOnForeignExchangeOperationsDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockBasedCompensationDetails" xlink:href="frhc-20200331.xsd#StockBasedCompensationDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockBasedCompensationDetails1" xlink:href="frhc-20200331.xsd#StockBasedCompensationDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/StockBasedCompensationDetails2" xlink:href="frhc-20200331.xsd#StockBasedCompensationDetails2" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LeasesDetails" xlink:href="frhc-20200331.xsd#LeasesDetails" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LeasesDetails1" xlink:href="frhc-20200331.xsd#LeasesDetails1" xlink:type="simple" />
    <link:roleRef roleURI="http://freedomholdingcorp.com/role/LeasesDetailsNarrative" xlink:href="frhc-20200331.xsd#LeasesDetailsNarrative" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DocumentAndEntityInformation" xlink:title="00000001 - Document - Document and Entity Information" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/ConsolidatedBalanceSheets" xlink:title="00000002 - Statement - CONSOLIDATED BALANCE SHEETS" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/ConsolidatedBalanceSheetParenthetical" xlink:title="00000003 - Statement - CONSOLIDATED BALANCE SHEET (Parenthetical)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfOperationsAndStatementsOfOtherComprehensiveIncomeloss" xlink:title="00000004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfShareholdersEquity" xlink:title="00000005 - Statement - CONSOLIDATED STATEMENTS OF SHAREHOLDERS&apos; EQUITY">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaapStatementEquityComponentsAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementEquityComponentsAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaapEquityComponentDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapEquityComponentDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaapEquityComponentDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementEquityComponentsAxis" xlink:to="loc_us-gaapEquityComponentDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapCommonStockMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaapAdditionalPaidInCapitalMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapAdditionalPaidInCapitalMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaapRetainedEarningsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapRetainedEarningsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaapAccumulatedOtherComprehensiveIncomeMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapAccumulatedOtherComprehensiveIncomeMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaapNoncontrollingInterestMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapEquityComponentDomain" xlink:to="loc_us-gaapNoncontrollingInterestMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaapSharesOutstanding_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapSharesOutstanding_70" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaapStockholdersEquity_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockholdersEquity_70" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AdjustmentsToAdditionalPaidInCapitalCapitalContributions" xlink:label="loc_FRHCAdjustmentsToAdditionalPaidInCapitalCapitalContributions_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAdjustmentsToAdditionalPaidInCapitalCapitalContributions_70" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesStockOptionsExercised_70" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodValueStockOptionsExercised_70" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AcquisitionOfNettrader" xlink:label="loc_FRHCAcquisitionOfNettrader_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAcquisitionOfNettrader_70" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AcquisitionOfAsylInvest" xlink:label="loc_FRHCAcquisitionOfAsylInvest_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAcquisitionOfAsylInvest_70" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="loc_us-gaapStockIssuedDuringPeriodSharesShareBasedCompensation_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockIssuedDuringPeriodSharesShareBasedCompensation_70" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation" xlink:label="loc_us-gaapStockGrantedDuringPeriodValueSharebasedCompensation_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockGrantedDuringPeriodValueSharebasedCompensation_70" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_StockIssuedDuringPeriodSharesShareBasedCompensationOther" xlink:label="loc_FRHCStockIssuedDuringPeriodSharesShareBasedCompensationOther_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCStockIssuedDuringPeriodSharesShareBasedCompensationOther_70" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_StockGrantedDuringPeriodValueSharebasedCompensationOther" xlink:label="loc_FRHCStockGrantedDuringPeriodValueSharebasedCompensationOther_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCStockGrantedDuringPeriodValueSharebasedCompensationOther_70" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_GainOrLossOnSaleOfSubsidiary" xlink:label="loc_FRHCGainOrLossOnSaleOfSubsidiary_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCGainOrLossOnSaleOfSubsidiary_70" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ChangeInUnrealizedGainOnAvailableforsaleSecuritiesNetOfTaxEffect" xlink:label="loc_FRHCChangeInUnrealizedGainOnAvailableforsaleSecuritiesNetOfTaxEffect_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCChangeInUnrealizedGainOnAvailableforsaleSecuritiesNetOfTaxEffect_70" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriod" xlink:label="loc_FRHCReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriod_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInPeriod_70" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:label="loc_us-gaapForeignCurrencyTransactionGainLossBeforeTax_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapForeignCurrencyTransactionGainLossBeforeTax_70" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_IncomeLossFromContinuingOperationsBeforeNoncontrollingInterest" xlink:label="loc_FRHCIncomeLossFromContinuingOperationsBeforeNoncontrollingInterest_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCIncomeLossFromContinuingOperationsBeforeNoncontrollingInterest_70" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaapStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_70" xlink:type="arc" order="22" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/ConsolidatedStatementsOfCashFlows" xlink:title="00000006 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DescriptionOfBusiness" xlink:title="00000007 - Disclosure - Description of Business" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPolicies" xlink:title="00000008 - Disclosure - Summary of Significant Accounting Policies" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CashAndCashEquivalents" xlink:title="00000009 - Disclosure - Cash and Cash Equivalents" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/RestrictedCash" xlink:title="00000010 - Disclosure - Restricted Cash" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValue" xlink:title="00000011 - Disclosure - Trading and Available-For-Sale Securities at Fair Value" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNet" xlink:title="00000012 - Disclosure - Brokerage and Other Receivables, Net" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansIssued" xlink:title="00000013 - Disclosure - Loans Issued" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssets" xlink:title="00000014 - Disclosure - Deferred Tax Assets" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FixedAssetsNet" xlink:title="00000015 - Disclosure - Fixed Assets, Net" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/IntangibleAssetsNet" xlink:title="00000016 - Disclosure - Intangible Assets, Net" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherAssetsNet" xlink:title="00000017 - Disclosure - Other Assets, Net" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SecuritiesSoldNotYetPurchased-AtFairValue" xlink:title="00000018 - Disclosure - Securities Sold, Not Yet Purchased - At Fair Value" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DebtSecuritiesIssued" xlink:title="00000019 - Disclosure - Debt Securities Issued" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CustomerLiabilities" xlink:title="00000020 - Disclosure - Customer Liabilities" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradePayables" xlink:title="00000021 - Disclosure - Trade Payables" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligations" xlink:title="00000022 - Disclosure - Securities Repurchase Agreement Obligations" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansReceived" xlink:title="00000023 - Disclosure - Loans Received" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherLiabilities" xlink:title="00000024 - Disclosure - Other Liabilities" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeExpense" xlink:title="00000025 - Disclosure - Fee and Commission Income/ (Expense)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainOnTradingSecurities" xlink:title="00000026 - Disclosure - Net Gain on Trading Securities" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetInterestIncomeexpense" xlink:title="00000027 - Disclosure - Net Interest Income/Expense" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperations" xlink:title="00000028 - Disclosure - Net Gain/(Loss) on Foreign Exchange Operations" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/RelatedPartyTransactions" xlink:title="00000029 - Disclosure - Related Party Transactions" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockholdersEquity" xlink:title="00000030 - Disclosure - Stockholder&apos;s Equity" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockBasedCompensation" xlink:title="00000031 - Disclosure - Stock Based Compensation" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/Leases" xlink:title="00000032 - Disclosure - Leases" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SubsequentEvents" xlink:title="00000033 - Disclosure - Subsequent Events" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" xlink:title="00000034 - Disclosure - Summary of Significant Accounting Policies (Policies)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesTables" xlink:title="00000035 - Disclosure - Summary of Significant Accounting Policies (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CashAndCashEquivalentsTables" xlink:title="00000036 - Disclosure - Cash and Cash Equivalents (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/RestrictedCashTables" xlink:title="00000037 - Disclosure - Restricted Cash (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueTables" xlink:title="00000038 - Disclosure - Trading and Available-For-Sale Securities at Fair Value (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNetTables" xlink:title="00000039 - Disclosure - Brokerage and Other Receivables, Net (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansIssuedTables" xlink:title="00000040 - Disclosure - Loans Issued (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssetsTables" xlink:title="00000041 - Disclosure - Deferred Tax Assets (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FixedAssetsNetTables" xlink:title="00000042 - Disclosure - Fixed Assets, Net (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/IntangibleAssetsNetTables" xlink:title="00000043 - Disclosure - Intangible Assets, Net (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherAssetsNetTables" xlink:title="00000044 - Disclosure - Other Assets, Net (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DebtSecuritiesIssuedTables" xlink:title="00000045 - Disclosure - Debt Securities Issued (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CustomerLiabilitiesTables" xlink:title="00000046 - Disclosure - Customer Liabilities (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradePayablesTables" xlink:title="00000047 - Disclosure - Trade Payables (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligationTables" xlink:title="00000048 - Disclosure - Securities Repurchase Agreement Obligation (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansReceivedTables" xlink:title="00000049 - Disclosure - Loans Received (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherLiabilitiesTables" xlink:title="00000050 - Disclosure - Other Liabilities (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeexpenseTables" xlink:title="00000051 - Disclosure - Fee and Commission Income/(Expense) (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainOnTradingSecuritiesTables" xlink:title="00000052 - Disclosure - Net Gain on Trading Securities (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetInterestIncomeexpenseTables" xlink:title="00000053 - Disclosure - Net Interest Income/(Expense) (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperationsTables" xlink:title="00000054 - Disclosure - Net Gain/(Loss) on Foreign Exchange Operations (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockBasedCompensationTables" xlink:title="00000055 - Disclosure - Stock Based Compensation (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LeasesTables" xlink:title="00000056 - Disclosure - Leases (Tables)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesDetails" xlink:title="00000057 - Disclosure - Summary of Significant Accounting Policies (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" xlink:title="00000058 - Disclosure - Summary of Significant Accounting Policies (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CashAndCashEquivalentsDetails" xlink:title="00000059 - Disclosure - Cash and Cash Equivalents (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAxis" xlink:label="loc_us-gaapCashAndCashEquivalentsAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapCashAndCashEquivalentsAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapCashAndCashEquivalentsAxis" xlink:to="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapCashAndCashEquivalentsAxis" xlink:to="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AccountsWithStockExchangeMember" xlink:label="loc_FRHCAccountsWithStockExchangeMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCAccountsWithStockExchangeMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountWithCommercialBanksMember" xlink:label="loc_FRHCCurrentAccountWithCommercialBanksMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountWithCommercialBanksMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesPurchasedUnderReverseRepurchaseAgreementsMember" xlink:label="loc_FRHCSecuritiesPurchasedUnderReverseRepurchaseAgreementsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCSecuritiesPurchasedUnderReverseRepurchaseAgreementsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PettyCashMember" xlink:label="loc_FRHCPettyCashMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCPettyCashMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountInClearingOrganizationsMember" xlink:label="loc_FRHCCurrentAccountInClearingOrganizationsMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountInClearingOrganizationsMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountsWithBrokersMember" xlink:label="loc_FRHCCurrentAccountsWithBrokersMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountsWithBrokersMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountWithCentralBankMember" xlink:label="loc_FRHCCurrentAccountWithCentralBankMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountWithCentralBankMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountWithNationalSettlementDepositoryMember" xlink:label="loc_FRHCCurrentAccountWithNationalSettlementDepositoryMember_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountWithNationalSettlementDepositoryMember_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentAccountWithCentralDepositoryMember" xlink:label="loc_FRHCCurrentAccountWithCentralDepositoryMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCCurrentAccountWithCentralDepositoryMember_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaapCashAndCashEquivalentsAtCarryingValue_210" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapCashAndCashEquivalentsAtCarryingValue_210" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CashAndCashEquivalentsDetails1" xlink:title="00000060 - Disclosure - Cash and Cash Equivalents (Details 1)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CorporateEquityMember" xlink:label="loc_FRHCCorporateEquityMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCCorporateEquityMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CorporateDebtMember" xlink:label="loc_FRHCCorporateDebtMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCCorporateDebtMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_NonUsSovereignDebtMember" xlink:label="loc_FRHCNonUsSovereignDebtMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCNonUsSovereignDebtMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesReceivedUnderAgreementToRepurchaseAverageInterestRate" xlink:label="loc_FRHCSecuritiesReceivedUnderAgreementToRepurchaseAverageInterestRate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesReceivedUnderAgreementToRepurchaseAverageInterestRate_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RemainingContractualMaturityUpTo30Days" xlink:label="loc_FRHCRemainingContractualMaturityUpTo30Days_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCRemainingContractualMaturityUpTo30Days_90" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RemainingContractualMaturity30To90Days" xlink:label="loc_FRHCRemainingContractualMaturity30To90Days_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCRemainingContractualMaturity30To90Days_90" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TotalContractualMaturity" xlink:label="loc_FRHCTotalContractualMaturity_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCTotalContractualMaturity_90" xlink:type="arc" order="3" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/RestrictedCashDetails" xlink:title="00000061 - Disclosure - Restricted Cash (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:label="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:to="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:label="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis" xlink:to="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BrokerageCustomersCashMember" xlink:label="loc_FRHCBrokerageCustomersCashMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCBrokerageCustomersCashMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_DeferredDistributionPaymentsMember" xlink:label="loc_FRHCDeferredDistributionPaymentsMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCDeferredDistributionPaymentsMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_GuarantyDepositsMember" xlink:label="loc_FRHCGuarantyDepositsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCGuarantyDepositsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReserveWithCentralBankOfRussiaMember" xlink:label="loc_FRHCReserveWithCentralBankOfRussiaMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapRestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember" xlink:to="loc_FRHCReserveWithCentralBankOfRussiaMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaapRestrictedCash_110" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapRestrictedCash_110" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails" xlink:title="00000062 - Disclosure - Trading and Available-For-Sale Securities at Fair Value (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesMember" xlink:label="loc_us-gaapDebtSecuritiesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapDebtSecuritiesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaapEquitySecuritiesMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapEquitySecuritiesMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_MutualInvestmentFundsMember" xlink:label="loc_FRHCMutualInvestmentFundsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCMutualInvestmentFundsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CertificatesOfDepositMember" xlink:label="loc_us-gaapCertificatesOfDepositMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapCertificatesOfDepositMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PreferredSharesMember" xlink:label="loc_FRHCPreferredSharesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCPreferredSharesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="loc_us-gaapMarketableSecurities_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapMarketableSecurities_130" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaapAvailableForSaleSecurities_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecurities_130" xlink:type="arc" order="1" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails1" xlink:title="00000063 - Disclosure - Trading and Available-For-Sale Securities at Fair Value (Details 1)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesMember" xlink:label="loc_us-gaapDebtSecuritiesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapDebtSecuritiesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaapEquitySecuritiesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapEquitySecuritiesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_NetAssetValueOfMutualInvestmentFundsMember" xlink:label="loc_FRHCNetAssetValueOfMutualInvestmentFundsMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCNetAssetValueOfMutualInvestmentFundsMember_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CertificatesOfDepositMember" xlink:label="loc_us-gaapCertificatesOfDepositMember_120" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapCertificatesOfDepositMember_120" xlink:type="arc" order="121" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PreferredSharesMember" xlink:label="loc_FRHCPreferredSharesMember_160" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCPreferredSharesMember_160" xlink:type="arc" order="161" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:to="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:to="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaapFairValueInputsLevel1Member_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:to="loc_us-gaapFairValueInputsLevel1Member_10" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaapFairValueInputsLevel2Member_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:to="loc_us-gaapFairValueInputsLevel2Member_20" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaapFairValueInputsLevel3Member_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:to="loc_us-gaapFairValueInputsLevel3Member_30" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="loc_us-gaapMarketableSecurities_490" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapMarketableSecurities_490" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaapAvailableForSaleSecurities_490" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecurities_490" xlink:type="arc" order="1" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails2" xlink:title="00000064 - Disclosure - Trading And Available-For-Sale Securities At Fair Value (Details 2)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CorporateDebtMember" xlink:label="loc_FRHCCorporateDebtMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCCorporateDebtMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaapEquitySecuritiesMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapEquitySecuritiesMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ValuationTechnique" xlink:label="loc_FRHCValuationTechnique_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCValuationTechnique_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_FairValueOfTradingSecurities" xlink:label="loc_FRHCFairValueOfTradingSecurities_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCFairValueOfTradingSecurities_90" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SignificantUnobservableInputsOfTradingSecurities" xlink:label="loc_FRHCSignificantUnobservableInputsOfTradingSecurities_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSignificantUnobservableInputsOfTradingSecurities_90" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaapDebtInstrumentInterestRateEffectivePercentage_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapDebtInstrumentInterestRateEffectivePercentage_90" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_Level3EstimatedNumberOfYears" xlink:label="loc_FRHCLevel3EstimatedNumberOfYears_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCLevel3EstimatedNumberOfYears_90" xlink:type="arc" order="4" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails3" xlink:title="00000065 - Disclosure - Trading and Available-For-Sale Securities at Fair Value (Details 3)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:to="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapFairValueByFairValueHierarchyLevelAxis" xlink:to="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaapFairValueInputsLevel3Member_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFairValueMeasurementsFairValueHierarchyDomain" xlink:to="loc_us-gaapFairValueInputsLevel3Member_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="loc_us-gaapMarketableSecurities_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapMarketableSecurities_30" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradingSecuritiesSaleOfInvestmentsUsingLevel3Inputs" xlink:label="loc_FRHCTradingSecuritiesSaleOfInvestmentsUsingLevel3Inputs_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCTradingSecuritiesSaleOfInvestmentsUsingLevel3Inputs_30" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PurchaseOfInvestmentsUsingLevelThreeInputs" xlink:label="loc_FRHCPurchaseOfInvestmentsUsingLevelThreeInputs_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCPurchaseOfInvestmentsUsingLevelThreeInputs_30" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RevaluationOfInvestmentsUsingLevelThreeInputs" xlink:label="loc_FRHCRevaluationOfInvestmentsUsingLevelThreeInputs_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCRevaluationOfInvestmentsUsingLevelThreeInputs_30" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="loc_us-gaapForeignCurrencyTransactionGainLossUnrealized_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapForeignCurrencyTransactionGainLossUnrealized_30" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaapAvailableForSaleSecurities_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecurities_30" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AvailableForSaleSaleOfInvestmentsUsingLevel3Inputs" xlink:label="loc_FRHCAvailableForSaleSaleOfInvestmentsUsingLevel3Inputs_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAvailableForSaleSaleOfInvestmentsUsingLevel3Inputs_30" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PurchaseOfInvestmentsUsingLevelThreeInputsOther" xlink:label="loc_FRHCPurchaseOfInvestmentsUsingLevelThreeInputsOther_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCPurchaseOfInvestmentsUsingLevelThreeInputsOther_30" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RevaluationOfInvestmentsUsingLevelThreeInputsAvailableForSale" xlink:label="loc_FRHCRevaluationOfInvestmentsUsingLevelThreeInputsAvailableForSale_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCRevaluationOfInvestmentsUsingLevelThreeInputsAvailableForSale_30" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AvailableForSaleForeignCurrencyTransactionGainLoss" xlink:label="loc_FRHCAvailableForSaleForeignCurrencyTransactionGainLoss_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAvailableForSaleForeignCurrencyTransactionGainLoss_30" xlink:type="arc" order="11" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradingAndAvailable-for-saleSecuritiesAtFairValueDetails4" xlink:title="00000066 - Disclosure - Trading and Available-For-Sale Securities at Fair Value (Details 4)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CertificatesOfDepositMember" xlink:label="loc_us-gaapCertificatesOfDepositMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapCertificatesOfDepositMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_MutualFundsMember" xlink:label="loc_FRHCMutualFundsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCMutualFundsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtSecuritiesMember" xlink:label="loc_us-gaapDebtSecuritiesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapDebtSecuritiesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PreferredSharesMember" xlink:label="loc_FRHCPreferredSharesMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCPreferredSharesMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaapEquitySecuritiesMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaapEquitySecuritiesMember_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="loc_us-gaapAvailableForSaleSecuritiesAmortizedCost_250" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecuritiesAmortizedCost_250" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGains" xlink:label="loc_us-gaapAvailableForSaleSecuritiesGrossUnrealizedGains_250" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecuritiesGrossUnrealizedGains_250" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaapAvailableForSaleSecurities_250" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAvailableForSaleSecurities_250" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/BrokerageAndOtherReceivablesNetDetails" xlink:title="00000067 - Disclosure - Brokerage and Other Receivables, Net (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:label="loc_us-gaapFinancingReceivablePortfolioSegmentAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapFinancingReceivablePortfolioSegmentAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:label="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentAxis" xlink:to="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:label="loc_us-gaapFinancingReceivablePortfolioSegmentDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentAxis" xlink:to="loc_us-gaapFinancingReceivablePortfolioSegmentDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_MarginLendingReceivablesMember" xlink:label="loc_FRHCMarginLendingReceivablesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCMarginLendingReceivablesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReceivablesFromBrokerageClientsMember" xlink:label="loc_FRHCReceivablesFromBrokerageClientsMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCReceivablesFromBrokerageClientsMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReceivableFromPurchaseOrSaleOfSecuritiesMember" xlink:label="loc_FRHCReceivableFromPurchaseOrSaleOfSecuritiesMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCReceivableFromPurchaseOrSaleOfSecuritiesMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BankCommissionsReceivableMember" xlink:label="loc_FRHCBankCommissionsReceivableMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCBankCommissionsReceivableMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReceivableForUnderwritingMarketMakingServicesMember" xlink:label="loc_FRHCReceivableForUnderwritingMarketMakingServicesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCReceivableForUnderwritingMarketMakingServicesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_DividendsAccruedMember" xlink:label="loc_FRHCDividendsAccruedMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCDividendsAccruedMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OthersReceivablesMember" xlink:label="loc_FRHCOthersReceivablesMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCOthersReceivablesMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AllowanceForReceivablesMember" xlink:label="loc_FRHCAllowanceForReceivablesMember_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFinancingReceivablePortfolioSegmentDomain" xlink:to="loc_FRHCAllowanceForReceivablesMember_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaapOtherReceivables_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapOtherReceivables_190" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansIssuedDetails" xlink:title="00000068 - Disclosure - Loans Issued (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfFinancingReceivableTypeOfBorrowerAxis" xlink:label="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:label="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerAxis" xlink:to="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:label="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerAxis" xlink:to="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SubordinatedLoanMember" xlink:label="loc_FRHCSubordinatedLoanMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCSubordinatedLoanMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UncollateralizedNonBankLoanMember" xlink:label="loc_FRHCUncollateralizedNonBankLoanMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCUncollateralizedNonBankLoanMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BankCustomerLoansMember" xlink:label="loc_FRHCBankCustomerLoansMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCBankCustomerLoansMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SubordinatedLoan2Member" xlink:label="loc_FRHCSubordinatedLoan2Member_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCSubordinatedLoan2Member_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UncollateralizedNonBankLoan2Member" xlink:label="loc_FRHCUncollateralizedNonBankLoan2Member_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCUncollateralizedNonBankLoan2Member_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansToKeyEmployeesMember" xlink:label="loc_FRHCLoansToKeyEmployeesMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCLoansToKeyEmployeesMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CollateralizedBrokerageLoansMember" xlink:label="loc_FRHCCollateralizedBrokerageLoansMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfFinancingReceivableTypeOfBorrowerDomain" xlink:to="loc_FRHCCollateralizedBrokerageLoansMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansReceivableNetReportedAmount" xlink:label="loc_FRHCLoansReceivableNetReportedAmount_310" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCLoansReceivableNetReportedAmount_310" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansIssuedDueDates" xlink:label="loc_FRHCLoansIssuedDueDates_310" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCLoansIssuedDueDates_310" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_WeightedAverageInterestRate" xlink:label="loc_FRHCWeightedAverageInterestRate_310" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCWeightedAverageInterestRate_310" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="loc_us-gaapCollateralAlreadyPostedAggregateFairValue_310" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapCollateralAlreadyPostedAggregateFairValue_310" xlink:type="arc" order="3" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails" xlink:title="00000069 - Disclosure - Deferred Tax Assets (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails1" xlink:title="00000070 - Disclosure - Deferred Tax Assets (Details 1)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetails2" xlink:title="00000071 - Disclosure - Deferred Tax Assets (Details 2)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DeferredTaxAssetsDetailsNarrative" xlink:title="00000072 - Disclosure - Deferred Tax Assets (Details Narrative)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="loc_srtStatementGeographicalAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_srtStatementGeographicalAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="loc_srtSegmentGeographicalDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srtStatementGeographicalAxis" xlink:to="loc_srtSegmentGeographicalDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="loc_srtSegmentGeographicalDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_srtStatementGeographicalAxis" xlink:to="loc_srtSegmentGeographicalDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UnitedStatesMember" xlink:label="loc_FRHCUnitedStatesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCUnitedStatesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RussianFederationMember" xlink:label="loc_FRHCRussianFederationMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCRussianFederationMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_GermanyMember" xlink:label="loc_FRHCGermanyMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCGermanyMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CyprusMember" xlink:label="loc_FRHCCyprusMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCCyprusMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UkraineMember" xlink:label="loc_FRHCUkraineMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCUkraineMember_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UzbekistanMember" xlink:label="loc_FRHCUzbekistanMember_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCUzbekistanMember_100" xlink:type="arc" order="101" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_KazakhstanMember" xlink:label="loc_FRHCKazakhstanMember_120" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCKazakhstanMember_120" xlink:type="arc" order="121" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_KyrgyzstanMember" xlink:label="loc_FRHCKyrgyzstanMember_140" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtSegmentGeographicalDomain" xlink:to="loc_FRHCKyrgyzstanMember_140" xlink:type="arc" order="141" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_IncomeTaxRateForDefferedAssetsAndLiabilities" xlink:label="loc_FRHCIncomeTaxRateForDefferedAssetsAndLiabilities_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCIncomeTaxRateForDefferedAssetsAndLiabilities_190" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:label="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapIncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_190" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FixedAssetsNetDetails" xlink:title="00000073 - Disclosure - Fixed Assets, Net (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaapPropertyPlantAndEquipmentByTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapPropertyPlantAndEquipmentByTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapPropertyPlantAndEquipmentByTypeAxis" xlink:to="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaapPropertyPlantAndEquipmentTypeDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapPropertyPlantAndEquipmentByTypeAxis" xlink:to="loc_us-gaapPropertyPlantAndEquipmentTypeDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OfficeEquipmentMember" xlink:label="loc_us-gaapOfficeEquipmentMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapOfficeEquipmentMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LeaseholdImprovementsMember" xlink:label="loc_us-gaapLeaseholdImprovementsMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapLeaseholdImprovementsMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FurnitureAndFixturesMember" xlink:label="loc_us-gaapFurnitureAndFixturesMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapFurnitureAndFixturesMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ProcessingAndStorageDataCentersMember" xlink:label="loc_FRHCProcessingAndStorageDataCentersMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_FRHCProcessingAndStorageDataCentersMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LandMember" xlink:label="loc_us-gaapLandMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapLandMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VehiclesMember" xlink:label="loc_us-gaapVehiclesMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapVehiclesMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentOtherTypesMember" xlink:label="loc_us-gaapPropertyPlantAndEquipmentOtherTypesMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapPropertyPlantAndEquipmentOtherTypesMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BuildingMember" xlink:label="loc_us-gaapBuildingMember_140" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapPropertyPlantAndEquipmentTypeDomain" xlink:to="loc_us-gaapBuildingMember_140" xlink:type="arc" order="141" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaapPropertyPlantAndEquipmentGross_180" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapPropertyPlantAndEquipmentGross_180" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_180" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_180" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaapPropertyPlantAndEquipmentNet_180" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapPropertyPlantAndEquipmentNet_180" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FixedAssetsNetDetailsNarrative" xlink:title="00000074 - Disclosure - Fixed Assets, Net (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/IntangibleAssetsNetDetails" xlink:title="00000075 - Disclosure - Intangible Assets, Net (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsByMajorClassAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapFiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapFiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradingPlatformMember" xlink:label="loc_FRHCTradingPlatformMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="loc_FRHCTradingPlatformMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ClientBaseMember" xlink:label="loc_FRHCClientBaseMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="loc_FRHCClientBaseMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIntangibleAssetsMember" xlink:label="loc_us-gaapOtherIntangibleAssetsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapFiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="loc_us-gaapOtherIntangibleAssetsMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsGross_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsGross_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsAccumulatedAmortization_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsAccumulatedAmortization_90" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="loc_us-gaapFiniteLivedIntangibleAssetsNet_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapFiniteLivedIntangibleAssetsNet_90" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/IntangibleAssetsNetDetailsNarrative" xlink:title="00000076 - Disclosure - Intangible Assets, Net (Details Narrative)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherAssetsNetDetails" xlink:title="00000077 - Disclosure - Other Assets, Net (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherAssetsAxis" xlink:label="loc_FRHCOtherAssetsAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_FRHCOtherAssetsAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherAssetsDomain" xlink:label="loc_FRHCOtherAssetsDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_FRHCOtherAssetsAxis" xlink:to="loc_FRHCOtherAssetsDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherAssetsDomain" xlink:label="loc_FRHCOtherAssetsDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_FRHCOtherAssetsAxis" xlink:to="loc_FRHCOtherAssetsDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PrepaidExpensesMember" xlink:label="loc_FRHCPrepaidExpensesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCPrepaidExpensesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_RentGuaranteeDepositMember" xlink:label="loc_FRHCRentGuaranteeDepositMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCRentGuaranteeDepositMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CurrentIncomeTaxAssetMember" xlink:label="loc_FRHCCurrentIncomeTaxAssetMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCCurrentIncomeTaxAssetMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OutstandingSettlementOperationsMember" xlink:label="loc_FRHCOutstandingSettlementOperationsMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCOutstandingSettlementOperationsMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TaxesOtherThanIncomeTaxesMember" xlink:label="loc_FRHCTaxesOtherThanIncomeTaxesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCTaxesOtherThanIncomeTaxesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_GuarantyDepositMember" xlink:label="loc_FRHCGuarantyDepositMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCGuarantyDepositMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PrepaidInsuranceMember" xlink:label="loc_FRHCPrepaidInsuranceMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCPrepaidInsuranceMember_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherOtherAssetsMember" xlink:label="loc_FRHCOtherOtherAssetsMember_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherAssetsDomain" xlink:to="loc_FRHCOtherOtherAssetsMember_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherAssetsGross" xlink:label="loc_FRHCOtherAssetsGross_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCOtherAssetsGross_190" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AllowanceForOtherAssets" xlink:label="loc_FRHCAllowanceForOtherAssets_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCAllowanceForOtherAssets_190" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaapOtherAssets_190" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapOtherAssets_190" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/DebtSecuritiesIssuedDetails" xlink:title="00000078 - Disclosure - Debt Securities Issued (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/CustomerLiabilitiesDetails" xlink:title="00000079 - Disclosure - Customer Liabilities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MajorCustomersAxis" xlink:label="loc_srtMajorCustomersAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_srtMajorCustomersAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_NameOfMajorCustomerDomain" xlink:label="loc_srtNameOfMajorCustomerDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srtMajorCustomersAxis" xlink:to="loc_srtNameOfMajorCustomerDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_NameOfMajorCustomerDomain" xlink:label="loc_srtNameOfMajorCustomerDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_srtMajorCustomersAxis" xlink:to="loc_srtNameOfMajorCustomerDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BrokerageCustomersMember" xlink:label="loc_FRHCBrokerageCustomersMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtNameOfMajorCustomerDomain" xlink:to="loc_FRHCBrokerageCustomersMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BankingCustomersMember" xlink:label="loc_FRHCBankingCustomersMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtNameOfMajorCustomerDomain" xlink:to="loc_FRHCBankingCustomersMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CustomerLiabilities" xlink:label="loc_FRHCCustomerLiabilities_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCCustomerLiabilities_70" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/TradePayablesDetails" xlink:title="00000080 - Disclosure - Trade Payables (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradePayablesAxis" xlink:label="loc_FRHCTradePayablesAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_FRHCTradePayablesAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradePayablesDomain" xlink:label="loc_FRHCTradePayablesDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_FRHCTradePayablesAxis" xlink:to="loc_FRHCTradePayablesDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradePayablesDomain" xlink:label="loc_FRHCTradePayablesDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_FRHCTradePayablesAxis" xlink:to="loc_FRHCTradePayablesDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_MarginLendingPayableMember" xlink:label="loc_FRHCMarginLendingPayableMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCTradePayablesDomain" xlink:to="loc_FRHCMarginLendingPayableMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradePayableForSecuritiesPurchasedMember" xlink:label="loc_FRHCTradePayableForSecuritiesPurchasedMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCTradePayablesDomain" xlink:to="loc_FRHCTradePayableForSecuritiesPurchasedMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PayablesToSuppliersOfGoodsAndServicesMember" xlink:label="loc_FRHCPayablesToSuppliersOfGoodsAndServicesMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCTradePayablesDomain" xlink:to="loc_FRHCPayablesToSuppliersOfGoodsAndServicesMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherTradePayableMember" xlink:label="loc_FRHCOtherTradePayableMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCTradePayablesDomain" xlink:to="loc_FRHCOtherTradePayableMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaapAccountsPayableCurrent_110" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapAccountsPayableCurrent_110" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/SecuritiesRepurchaseAgreementObligationDetails" xlink:title="00000081 - Disclosure - Securities Repurchase Agreement Obligation (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="loc_us-gaapAwardTypeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapAwardTypeAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapAwardTypeAxis" xlink:to="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CorporateEquityMember" xlink:label="loc_FRHCCorporateEquityMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCCorporateEquityMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CorporateDebtMember" xlink:label="loc_FRHCCorporateDebtMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCCorporateDebtMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_NonUsSovereignDebtMember" xlink:label="loc_FRHCNonUsSovereignDebtMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_FRHCNonUsSovereignDebtMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesSoldUnderAgreementToRepurchaseAverageInterestRate" xlink:label="loc_FRHCSecuritiesSoldUnderAgreementToRepurchaseAverageInterestRate_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesSoldUnderAgreementToRepurchaseAverageInterestRate_90" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesRepurchaseAgreementObligationRemainingContractualMaturityUpTo30Days" xlink:label="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturityUpTo30Days_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturityUpTo30Days_90" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesRepurchaseAgreementObligationRemainingContractualMaturity30To90Days" xlink:label="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturity30To90Days_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturity30To90Days_90" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesRepurchaseAgreementObligationRemainingContractualMaturityOver90Days" xlink:label="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturityOver90Days_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesRepurchaseAgreementObligationRemainingContractualMaturityOver90Days_90" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesRepurchaseAgreementObligationTotalContractualMaturity" xlink:label="loc_FRHCSecuritiesRepurchaseAgreementObligationTotalContractualMaturity_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCSecuritiesRepurchaseAgreementObligationTotalContractualMaturity_90" xlink:type="arc" order="4" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LoansReceivedDetails" xlink:title="00000082 - Disclosure - Loans Received (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_deiLegalEntityAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_deiLegalEntityAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_deiEntityDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_deiLegalEntityAxis" xlink:to="loc_deiEntityDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_deiEntityDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_deiLegalEntityAxis" xlink:to="loc_deiEntityDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_FreedomHoldingCorpMember" xlink:label="loc_FRHCFreedomHoldingCorpMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityDomain" xlink:to="loc_FRHCFreedomHoldingCorpMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_FreedomFinanceEuropeLimitedMember" xlink:label="loc_FRHCFreedomFinanceEuropeLimitedMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiEntityDomain" xlink:to="loc_FRHCFreedomFinanceEuropeLimitedMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis" xlink:label="loc_srtRangeAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_srtRangeAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember" xlink:label="loc_srtRangeMember" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_srtRangeAxis" xlink:to="loc_srtRangeMember" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember" xlink:label="loc_srtRangeMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_srtRangeAxis" xlink:to="loc_srtRangeMember_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember" xlink:label="loc_srtMinimumMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtRangeMember" xlink:to="loc_srtMinimumMember_30" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember" xlink:label="loc_srtMaximumMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_srtRangeMember" xlink:to="loc_srtMaximumMember_40" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentIssuer" xlink:label="loc_us-gaapDebtInstrumentIssuer_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapDebtInstrumentIssuer_100" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansReceivedCurrent" xlink:label="loc_FRHCLoansReceivedCurrent_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCLoansReceivedCurrent_100" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaapDebtInstrumentInterestRateEffectivePercentage_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapDebtInstrumentInterestRateEffectivePercentage_100" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="loc_us-gaapDebtInstrumentTerm_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapDebtInstrumentTerm_100" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaapDebtInstrumentMaturityDate_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapDebtInstrumentMaturityDate_100" xlink:type="arc" order="4" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/OtherLiabilitiesDetails" xlink:title="00000083 - Disclosure - Other Liabilities (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherLiabilitiesAxis" xlink:label="loc_FRHCOtherLiabilitiesAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_FRHCOtherLiabilitiesAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherLiabilitiesDomain" xlink:label="loc_FRHCOtherLiabilitiesDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_FRHCOtherLiabilitiesAxis" xlink:to="loc_FRHCOtherLiabilitiesDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherLiabilitiesDomain" xlink:label="loc_FRHCOtherLiabilitiesDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_FRHCOtherLiabilitiesAxis" xlink:to="loc_FRHCOtherLiabilitiesDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SalariesAndOtherEmployeeBenefitsMember" xlink:label="loc_FRHCSalariesAndOtherEmployeeBenefitsMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCSalariesAndOtherEmployeeBenefitsMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_VacationReserveMember" xlink:label="loc_FRHCVacationReserveMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCVacationReserveMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_PayablesToSuppliersMember" xlink:label="loc_FRHCPayablesToSuppliersMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCPayablesToSuppliersMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OutstandingSettlementsOperationsMember" xlink:label="loc_FRHCOutstandingSettlementsOperationsMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCOutstandingSettlementsOperationsMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TaxesPayableOtherThanIncomeTaxMember" xlink:label="loc_FRHCTaxesPayableOtherThanIncomeTaxMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCTaxesPayableOtherThanIncomeTaxMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherOtherLiabilitiesMember" xlink:label="loc_FRHCOtherOtherLiabilitiesMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_FRHCOtherLiabilitiesDomain" xlink:to="loc_FRHCOtherOtherLiabilitiesMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaapOtherLiabilities_150" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapOtherLiabilities_150" xlink:type="arc" order="0" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/FeeAndCommissionIncomeexpenseDetails" xlink:title="00000084 - Disclosure - Fee and Commission Income/(Expense) (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaapIncomeStatementLocationAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapIncomeStatementLocationAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaapIncomeStatementLocationDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapIncomeStatementLocationAxis" xlink:to="loc_us-gaapIncomeStatementLocationDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaapIncomeStatementLocationDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapIncomeStatementLocationAxis" xlink:to="loc_us-gaapIncomeStatementLocationDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BrokerageServicesMember" xlink:label="loc_FRHCBrokerageServicesMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCBrokerageServicesMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_BankServicesMember" xlink:label="loc_FRHCBankServicesMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCBankServicesMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_UnderwritingServicesMember" xlink:label="loc_FRHCUnderwritingServicesMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCUnderwritingServicesMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherCommissionIncomeMember" xlink:label="loc_FRHCOtherCommissionIncomeMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCOtherCommissionIncomeMember_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CentralDepositoryServicesMember" xlink:label="loc_FRHCCentralDepositoryServicesMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCCentralDepositoryServicesMember_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ExchangeServicesMember" xlink:label="loc_FRHCExchangeServicesMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCExchangeServicesMember_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_FeeAndCommissionIncome" xlink:label="loc_FRHCFeeAndCommissionIncome_150" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCFeeAndCommissionIncome_150" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_NoninterestExpensesCommissionExpense" xlink:label="loc_FRHCNoninterestExpensesCommissionExpense_150" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_FRHCNoninterestExpensesCommissionExpense_150" xlink:type="arc" order="1" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainOnTradingSecuritiesDetails" xlink:title="00000085 - Disclosure - Net Gain on Trading Securities (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetInterestIncomeexpenseDetails" xlink:title="00000086 - Disclosure - Net Interest Income/(Expense) (Details)">
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaapStatementLineItems" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaapIncomeStatementLocationAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapIncomeStatementLocationAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaapIncomeStatementLocationDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapIncomeStatementLocationAxis" xlink:to="loc_us-gaapIncomeStatementLocationDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaapIncomeStatementLocationDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapIncomeStatementLocationAxis" xlink:to="loc_us-gaapIncomeStatementLocationDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_AmortizedCostMember" xlink:label="loc_FRHCAmortizedCostMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCAmortizedCostMember_0" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_FairValueThroughProfitOrLossMember" xlink:label="loc_FRHCFairValueThroughProfitOrLossMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapIncomeStatementLocationDomain" xlink:to="loc_FRHCFairValueThroughProfitOrLossMember_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaapDebtInstrumentAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapDebtInstrumentAxis" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaapDebtInstrumentNameDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapDebtInstrumentAxis" xlink:to="loc_us-gaapDebtInstrumentNameDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaapDebtInstrumentNameDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapDebtInstrumentAxis" xlink:to="loc_us-gaapDebtInstrumentNameDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_ReverseRepurchaseAgreementsAndAmountsDueFromBanksMember" xlink:label="loc_FRHCReverseRepurchaseAgreementsAndAmountsDueFromBanksMember_0" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCReverseRepurchaseAgreementsAndAmountsDueFromBanksMember_0" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansToCustomersMember" xlink:label="loc_FRHCLoansToCustomersMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCLoansToCustomersMember_10" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_SecuritiesRepurchaseAgreementsMember" xlink:label="loc_FRHCSecuritiesRepurchaseAgreementsMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCSecuritiesRepurchaseAgreementsMember_20" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_DebtSecuritiesIssuedMember" xlink:label="loc_FRHCDebtSecuritiesIssuedMember_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCDebtSecuritiesIssuedMember_30" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_CustomerAccountsAndDepositsMember" xlink:label="loc_FRHCCustomerAccountsAndDepositsMember_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCCustomerAccountsAndDepositsMember_40" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_LoansReceivedMember" xlink:label="loc_FRHCLoansReceivedMember_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCLoansReceivedMember_50" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_OtherMember" xlink:label="loc_FRHCOtherMember_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCOtherMember_60" xlink:type="arc" order="62" />
      <link:loc xlink:type="locator" xlink:href="frhc-20200331.xsd#FRHC_TradingSecurityMember" xlink:label="loc_FRHCTradingSecurityMember_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapDebtInstrumentNameDomain" xlink:to="loc_FRHCTradingSecurityMember_80" xlink:type="arc" order="82" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:label="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsForErrorCorrectionDomain" xlink:label="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis" xlink:to="loc_us-gaapAdjustmentsForErrorCorrectionDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaapInvestmentIncomeInterest_230" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapInvestmentIncomeInterest_230" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaapInterestExpense_230" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapInterestExpense_230" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="loc_us-gaapInterestIncomeExpenseNet_230" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapStatementLineItems" xlink:to="loc_us-gaapInterestIncomeExpenseNet_230" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/NetGainlossOnForeignExchangeOperationsDetails" xlink:title="00000087 - Disclosure - Net Gain/(Loss) on Foreign Exchange Operations (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockBasedCompensationDetails" xlink:title="00000088 - Disclosure - Stock Based Compensation (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockBasedCompensationDetails1" xlink:title="00000089 - Disclosure - Stock Based Compensation (Details 1)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/StockBasedCompensationDetails2" xlink:title="00000090 - Disclosure - Stock Based Compensation (Details 2)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LeasesDetails" xlink:title="00000091 - Disclosure - Leases (Details)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LeasesDetails1" xlink:title="00000092 - Disclosure - Leases (Details 1)" />
    <link:definitionLink xlink:type="extended" xlink:role="http://freedomholdingcorp.com/role/LeasesDetailsNarrative" xlink:title="00000093 - Disclosure - Leases (Details Narrative)" />
</link:linkbase>
