<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!--XBRL Document Created with XBRLMaster-->
<!--Version: 2.3.08-->
<!--Based on XBRL 2.1-->
<!--Date of creation: 08-06-2021-->
<!--Software architectural design and coding: Dipendra K. Singh-->
<!--Copyright (c) 2021 I-NET Business Solutions, Inc. All Rights Reserved.-->
<schema xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:currency="http://xbrl.sec.gov/currency/2020-01-31" xmlns:us-gaap-att="http://fasb.org/us-gaap/attributes" xmlns:sic="http://xbrl.sec.gov/sic/2020-01-31" xmlns:exch="http://xbrl.sec.gov/exch/2020-01-31" xmlns:invest="http://xbrl.sec.gov/invest/2013-01-31" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:naics="http://xbrl.sec.gov/naics/2017-01-31" xmlns:us-types="http://fasb.org/us-types/2020-01-31" xmlns:stpr="http://xbrl.sec.gov/stpr/2018-01-31" xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:country="http://xbrl.sec.gov/country/2020-01-31" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:srt-types="http://fasb.org/srt-types/2020-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:frhc="http://freedomholding.com/20210630" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://freedomholding.com/20210630">
  <annotation>
    <appinfo>
      <link:roleType roleURI="http://freedomholding.com/role/Cover" id="Cover">
        <link:definition>000001 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CondensedConsolidatedBalanceSheets" id="CondensedConsolidatedBalanceSheets">
        <link:definition>000002 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CondensedConsolidatedBalanceSheetsParenthetical" id="CondensedConsolidatedBalanceSheetsParenthetical">
        <link:definition>000003 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CondensedConsolidatedStatementsOfOperationsAndStatementsOfOtherComprehensiveIncomeUnaudited" id="CondensedConsolidatedStatementsOfOperationsAndStatementsOfOtherComprehensiveIncomeUnaudited">
        <link:definition>000004 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" id="CondensedConsolidatedStatementsOfCashFlowsUnaudited">
        <link:definition>000005 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CondensedConsolidatedStatementsOfShareholdersEquityUnaudited" id="CondensedConsolidatedStatementsOfShareholdersEquityUnaudited">
        <link:definition>000006 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY (Unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DescriptionOfBusiness" id="DescriptionOfBusiness">
        <link:definition>000007 - Disclosure - DESCRIPTION OF BUSINESS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SummaryOfSignificantAccountingPolicies" id="SummaryOfSignificantAccountingPolicies">
        <link:definition>000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CashAndCashEquivalents" id="CashAndCashEquivalents">
        <link:definition>000009 - Disclosure - CASH AND CASH EQUIVALENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RestrictedCash" id="RestrictedCash">
        <link:definition>000010 - Disclosure - RESTRICTED CASH</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValue" id="TradingAndAvailableForSaleSecuritiesAtFairValue">
        <link:definition>000011 - Disclosure - TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/BrokerageAndOtherReceivablesNet" id="BrokerageAndOtherReceivablesNet">
        <link:definition>000012 - Disclosure - BROKERAGE AND OTHER RECEIVABLES, NET</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansIssued" id="LoansIssued">
        <link:definition>000013 - Disclosure - LOANS ISSUED</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DeferredTaxLiabilities" id="DeferredTaxLiabilities">
        <link:definition>000014 - Disclosure - DEFERRED TAX LIABILITIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesRepurchaseAgreementObligations" id="SecuritiesRepurchaseAgreementObligations">
        <link:definition>000015 - Disclosure - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CustomerLiabilities" id="CustomerLiabilities">
        <link:definition>000016 - Disclosure - CUSTOMER LIABILITIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradePayables" id="TradePayables">
        <link:definition>000017 - Disclosure - TRADE PAYABLES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesSoldNotYetPurchasedAtFairValue" id="SecuritiesSoldNotYetPurchasedAtFairValue">
        <link:definition>000018 - Disclosure - SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansReceived" id="LoansReceived">
        <link:definition>000019 - Disclosure - LOANS RECEIVED</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DebtSecuritiesIssued" id="DebtSecuritiesIssued">
        <link:definition>000020 - Disclosure - DEBT SECURITIES ISSUED</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RelatedPartyTransactions" id="RelatedPartyTransactions">
        <link:definition>000021 - Disclosure - RELATED PARTY TRANSACTIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockholdersEquity" id="StockholdersEquity">
        <link:definition>000022 - Disclosure - STOCKHOLDERS' EQUITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedCompensation" id="StockBasedCompensation">
        <link:definition>000023 - Disclosure - STOCK-BASED COMPENSATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LEASES" id="LEASES">
        <link:definition>000024 - Disclosure - LEASES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CommitmentsAndContingencies" id="CommitmentsAndContingencies">
        <link:definition>000025 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SubsequentEvents" id="SubsequentEvents">
        <link:definition>000026 - Disclosure - SUBSEQUENT EVENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SummaryOfSignificantAccountingPoliciesPolicies" id="SummaryOfSignificantAccountingPoliciesPolicies">
        <link:definition>000027 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SummaryOfSignificantAccountingPoliciesTables" id="SummaryOfSignificantAccountingPoliciesTables">
        <link:definition>000028 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CashAndCashEquivalentsTables" id="CashAndCashEquivalentsTables">
        <link:definition>000029 - Disclosure - CASH AND CASH EQUIVALENTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RestrictedCashTables" id="RestrictedCashTables">
        <link:definition>000030 - Disclosure - RESTRICTED CASH (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueTables" id="TradingAndAvailableForSaleSecuritiesAtFairValueTables">
        <link:definition>000031 - Disclosure - TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/BrokerageAndOtherReceivablesNetTables" id="BrokerageAndOtherReceivablesNetTables">
        <link:definition>000032 - Disclosure - BROKERAGE AND OTHER RECEIVABLES, NET (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoanIssuedTables" id="LoanIssuedTables">
        <link:definition>000033 - Disclosure - LOAN ISSUED (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DeferredTaxLiabilitiesAssetsTables" id="DeferredTaxLiabilitiesAssetsTables">
        <link:definition>000034 - Disclosure - DEFERRED TAX LIABILITIES ASSETS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesRepurchaseAgreementObligationsTables" id="SecuritiesRepurchaseAgreementObligationsTables">
        <link:definition>000035 - Disclosure - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CustomerLiabilitiesTables" id="CustomerLiabilitiesTables">
        <link:definition>000036 - Disclosure - CUSTOMER LIABILITIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradePayablesTables" id="TradePayablesTables">
        <link:definition>000037 - Disclosure - TRADE PAYABLES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansReceivedTables" id="LoansReceivedTables">
        <link:definition>000038 - Disclosure - LOANS RECEIVED (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DebtSecuritiesIssuedTables" id="DebtSecuritiesIssuedTables">
        <link:definition>000039 - Disclosure - DEBT SECURITIES ISSUED (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedcompensationTables" id="StockBasedcompensationTables">
        <link:definition>000040 - Disclosure - STOCK-BASEDCOMPENSATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LeasesTables" id="LeasesTables">
        <link:definition>000041 - Disclosure - LEASES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CommitmentsAndContingenciesTables" id="CommitmentsAndContingenciesTables">
        <link:definition>000042 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DescriptionOfBusinessDetailsNarrative" id="DescriptionOfBusinessDetailsNarrative">
        <link:definition>000043 - Disclosure - DESCRIPTION OF BUSINESS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SummaryOfSignificantAccountingPoliciesDetails" id="SummaryOfSignificantAccountingPoliciesDetails">
        <link:definition>000044 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" id="SummaryOfSignificantAccountingPoliciesDetailsNarrative">
        <link:definition>000045 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CashAndCashEquivalentsDetails" id="CashAndCashEquivalentsDetails">
        <link:definition>000046 - Disclosure - CASH AND CASH EQUIVALENTS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CashAndCashEquivalentsDetails1" id="CashAndCashEquivalentsDetails1">
        <link:definition>000047 - Disclosure - CASH AND CASH EQUIVALENTS (Details 1)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CashAndCashEquivalentsDetailsNarrative" id="CashAndCashEquivalentsDetailsNarrative">
        <link:definition>000048 - Disclosure - CASH AND CASH EQUIVALENTS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RestrictedCashDetails" id="RestrictedCashDetails">
        <link:definition>000049 - Disclosure - RESTRICTED CASH (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RestrictedCashDetailsNarrative" id="RestrictedCashDetailsNarrative">
        <link:definition>000050 - Disclosure - RESTRICTED CASH (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueDetails" id="TradingAndAvailableForSaleSecuritiesAtFairValueDetails">
        <link:definition>000051 - Disclosure - TRADING AND AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableforsaleSecuritiesAtFairValueDetails1" id="TradingAndAvailableforsaleSecuritiesAtFairValueDetails1">
        <link:definition>000052 - Disclosure - TRADING AND AVAILABLEFORSALE SECURITIES AT FAIR VALUE (Details 1)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueDetails2" id="TradingAndAvailableForSaleSecuritiesAtFairValueDetails2">
        <link:definition>000053 - Disclosure - TRADING AND AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details 2)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueDetails3" id="TradingAndAvailableForSaleSecuritiesAtFairValueDetails3">
        <link:definition>000054 - Disclosure - TRADING AND AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details 3)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueDetails4" id="TradingAndAvailableForSaleSecuritiesAtFairValueDetails4">
        <link:definition>000055 - Disclosure - TRADING AND AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details 4)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradingAndAvailableForSaleSecuritiesAtFairValueDetailsNarrative" id="TradingAndAvailableForSaleSecuritiesAtFairValueDetailsNarrative">
        <link:definition>000056 - Disclosure - TRADING AND AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/BrokerageAndOtherReceivablesNetDetails" id="BrokerageAndOtherReceivablesNetDetails">
        <link:definition>000057 - Disclosure - BROKERAGE AND OTHER RECEIVABLES NET (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/BrokerageAndOtherReceivablesNetDetailsNarrative" id="BrokerageAndOtherReceivablesNetDetailsNarrative">
        <link:definition>000058 - Disclosure - BROKERAGE AND OTHER RECEIVABLES NET (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansIssuedDetails" id="LoansIssuedDetails">
        <link:definition>000059 - Disclosure - LOANS ISSUED (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DefferedTaxesLiabilitiesDetails" id="DefferedTaxesLiabilitiesDetails">
        <link:definition>000060 - Disclosure - DEFFERED TAXES LIABILITIES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DefferedTaxesLiabilitiesDetailsNarrative" id="DefferedTaxesLiabilitiesDetailsNarrative">
        <link:definition>000061 - Disclosure - DEFFERED TAXES LIABILITIES (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesRepurchaseAgreementObligationsDetails" id="SecuritiesRepurchaseAgreementObligationsDetails">
        <link:definition>000062 - Disclosure - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesRepurchaseAgreementObligationsDetailsNarrative" id="SecuritiesRepurchaseAgreementObligationsDetailsNarrative">
        <link:definition>000063 - Disclosure - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CustomerLiabilitiesDetails" id="CustomerLiabilitiesDetails">
        <link:definition>000064 - Disclosure - CUSTOMER LIABILITIES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CustomerLiabilitiesDetailsNarrative" id="CustomerLiabilitiesDetailsNarrative">
        <link:definition>000065 - Disclosure - CUSTOMER LIABILITIES (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradePayablesDetails" id="TradePayablesDetails">
        <link:definition>000066 - Disclosure - TRADE PAYABLES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/TradePayablesDetailsNarrative" id="TradePayablesDetailsNarrative">
        <link:definition>000067 - Disclosure - TRADE PAYABLES (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SecuritiesSoldNotYetPurchasedAtFairValueDetailsNarrative" id="SecuritiesSoldNotYetPurchasedAtFairValueDetailsNarrative">
        <link:definition>000068 - Disclosure - SECURITIES SOLD, NOT YET PURCHASED AT FAIR VALUE (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansReceivedDetails" id="LoansReceivedDetails">
        <link:definition>000069 - Disclosure - LOANS RECEIVED (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LoansReceivedDetailsNarrative" id="LoansReceivedDetailsNarrative">
        <link:definition>000070 - Disclosure - LOANS RECEIVED (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DebtSecuritiesIssuedDetails" id="DebtSecuritiesIssuedDetails">
        <link:definition>000071 - Disclosure - DEBT SECURITIES ISSUED (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/DebtSecuritiesIssuedDetailsNarrative" id="DebtSecuritiesIssuedDetailsNarrative">
        <link:definition>000072 - Disclosure - DEBT SECURITIES ISSUED (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/RelatedPartyTransactionsDetailsNarrative" id="RelatedPartyTransactionsDetailsNarrative">
        <link:definition>000073 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockholdersEquityDetailsNarrative" id="StockholdersEquityDetailsNarrative">
        <link:definition>000074 - Disclosure - STOCKHOLDERS EQUITY (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedCompensationsDetails" id="StockBasedCompensationsDetails">
        <link:definition>000075 - Disclosure - STOCK BASED COMPENSATIONS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedCompensationsDetails1" id="StockBasedCompensationsDetails1">
        <link:definition>000076 - Disclosure - STOCK BASED COMPENSATIONS (Details 1)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedCompensationsDetails2" id="StockBasedCompensationsDetails2">
        <link:definition>000077 - Disclosure - STOCK BASED COMPENSATIONS (Details 2)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/StockBasedCompensationsDetailsNarrative" id="StockBasedCompensationsDetailsNarrative">
        <link:definition>000078 - Disclosure - STOCK BASED COMPENSATIONS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LeasesDetails" id="LeasesDetails">
        <link:definition>000079 - Disclosure - LEASES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LeasesDetails1" id="LeasesDetails1">
        <link:definition>000080 - Disclosure - LEASES (Details 1)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/LeasesDetailsNarrative" id="LeasesDetailsNarrative">
        <link:definition>000081 - Disclosure - LEASES (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/CommitmentsAndContingenciesDetails" id="CommitmentsAndContingenciesDetails">
        <link:definition>000082 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://freedomholding.com/role/SubsequentEventsDetailsNarrative" id="SubsequentEventsDetailsNarrative">
        <link:definition>000083 - Disclosure - SUBSEQUENT EVENTS (Details Narrative)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:linkbaseRef xlink:type="simple" xlink:href="frhc-20210630_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="frhc-20210630_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="frhc-20210630_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="frhc-20210630_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <import namespace="http://xbrl.sec.gov/country/2020-01-31" schemaLocation="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd" />
  <import namespace="http://xbrl.sec.gov/currency/2020-01-31" schemaLocation="https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2020-01-31" schemaLocation="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
  <import namespace="http://xbrl.sec.gov/exch/2020-01-31" schemaLocation="https://xbrl.sec.gov/exch/2020/exch-2020-01-31.xsd" />
  <import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
  <import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
  <import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="https://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd" />
  <import namespace="http://xbrl.sec.gov/sic/2020-01-31" schemaLocation="https://xbrl.sec.gov/sic/2020/sic-2020-01-31.xsd" />
  <import namespace="http://fasb.org/srt-roles/2020-01-31" schemaLocation="http://xbrl.fasb.org/srt/2020/elts/srt-roles-2020-01-31.xsd" />
  <import namespace="http://fasb.org/srt-types/2020-01-31" schemaLocation="http://xbrl.fasb.org/srt/2020/elts/srt-types-2020-01-31.xsd" />
  <import namespace="http://xbrl.sec.gov/stpr/2018-01-31" schemaLocation="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" />
  <import namespace="http://fasb.org/us-roles/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-roles-2020-01-31.xsd" />
  <import namespace="http://fasb.org/us-types/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-types-2020-01-31.xsd" />
  <import namespace="http://fasb.org/srt/2020-01-31" schemaLocation="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd" />
  <import namespace="http://fasb.org/us-gaap/2020-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd" />
  <element id="frhc_AvailableForSaleSecuritiesAtFairValue" name="AvailableForSaleSecuritiesAtFairValue" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoanIssued" name="LoanIssued" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesSoldNotYetPurchaseAtFairValue" name="SecuritiesSoldNotYetPurchaseAtFairValue" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoansReceived" name="LoansReceived" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DeferredDistributionPayments" name="DeferredDistributionPayments" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_StockholdersEquityAttributableToParent" name="StockholdersEquityAttributableToParent" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_FeeAndCommissionIncome" name="FeeAndCommissionIncome" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ProvisionForImpairmentLossesRecoveries" name="ProvisionForImpairmentLossesRecoveries" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInThePeriodNetOfTaxEffect" name="ReclassificationAdjustmentRelatingToAvailableForSaleInvestmentsDisposedOfInThePeriodNetOfTaxEffect" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_NoncashLeaseExpense" name="NoncashLeaseExpense" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ProceedsFromSaleOfAvailableForSaleSecuritiesAtFairValue" name="ProceedsFromSaleOfAvailableForSaleSecuritiesAtFairValue" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RepurchaseOfDebtSecuritie" name="RepurchaseOfDebtSecuritie" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_OperatingLeaseRightOfUseAssetsObtainedDisposedOfInExchangeForOperatingLeaseObligationsDuringThePeriodNet" name="OperatingLeaseRightOfUseAssetsObtainedDisposedOfInExchangeForOperatingLeaseObligationsDuringThePeriodNet" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CashCashEquivalentsAndRestrictedCashReceivedFromAcquisitions" name="CashCashEquivalentsAndRestrictedCashReceivedFromAcquisitions" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalCashCashEquivalentsAndRestrictedCashShownAsInTheStatementOfCashFlows" name="TotalCashCashEquivalentsAndRestrictedCashShownAsInTheStatementOfCashFlows" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_StockBasedCompensation" name="StockBasedCompensation" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ExerciseOfOptions" name="ExerciseOfOptions" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TranslationDifference" name="TranslationDifference" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_StockBasedCompensationShares" name="StockBasedCompensationShares" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TradingAndAvailableForSaleSecuritiesAtFairValueDisclosureTextBlock" name="TradingAndAvailableForSaleSecuritiesAtFairValueDisclosureTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesRepurchaseAgreementObligationsDisclosureTextBlock" name="SecuritiesRepurchaseAgreementObligationsDisclosureTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesSoldNotYetPurchasedTextBlock" name="SecuritiesSoldNotYetPurchasedTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AccountingPrinciplesPolicyTextBlock" name="AccountingPrinciplesPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DerivativeFinancialInstruments" name="DerivativeFinancialInstruments" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_FunctionalCurrencyPolicyTextBlock" name="FunctionalCurrencyPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AvailableForSaleSecuritiesPolicyTextBlock" name="AvailableForSaleSecuritiesPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TradingSecuritiespolicytextblock" name="TradingSecuritiespolicytextblock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DebtSecuritiesIssuedPolicyTextBlock" name="DebtSecuritiesIssuedPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DerecognitionOfFinancialAssetsPolicyTextBlock" name="DerecognitionOfFinancialAssetsPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_FinancialInstrumentsPolicyTextBlock" name="FinancialInstrumentsPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SegmentInformationPolicyTextBlock" name="SegmentInformationPolicyTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfTradingSecuritiesTableTextBlock" name="ScheduleOfTradingSecuritiesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfBrokerageAndOtherReceivablesTableTextBlock" name="ScheduleOfBrokerageAndOtherReceivablesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfLoansIssued" name="ScheduleOfLoansIssued" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesUnderRepurchaseAgreementObligationsTableTextBlock" name="SecuritiesUnderRepurchaseAgreementObligationsTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfLoansReceivedTableTextBlock" name="ScheduleOfLoansReceivedTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfStockOptionsUsingTheBlackScholesOptiontabletextblock" name="ScheduleOfStockOptionsUsingTheBlackScholesOptiontabletextblock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ScheduleOfBankGuaranteesTableTextBlock" name="ScheduleOfBankGuaranteesTableTextBlock" nillable="true" xbrli:periodType="duration" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RemainingContractualMaturityUpTo30Days" name="RemainingContractualMaturityUpTo30Days" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RemainingContractualMaturity30To90Days" name="RemainingContractualMaturity30To90Days" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalContractualMaturity" name="TotalContractualMaturity" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesReceivedUnderAgreementToRepurchaseAverageInterestRate" name="SecuritiesReceivedUnderAgreementToRepurchaseAverageInterestRate" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TradingSecuritiesWeightedAverageInterestRate" name="TradingSecuritiesWeightedAverageInterestRate" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalTradingSecurities" name="TotalTradingSecurities" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalAvailableForSaleSecuritiesWeightedAverageInterestRate" name="TotalAvailableForSaleSecuritiesWeightedAverageInterestRate" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ValuationTechnique" name="ValuationTechnique" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_FairValueOfTradingSecurities" name="FairValueOfTradingSecurities" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SignificantUnobservableInputsOfTradingSecuritiesOne" name="SignificantUnobservableInputsOfTradingSecuritiesOne" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LevelThreeEstimatedNumberOfYears" name="LevelThreeEstimatedNumberOfYears" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SignificantUnobservableInputsOfTradingSecurities" name="SignificantUnobservableInputsOfTradingSecurities" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SaleOfInvestmentsThatUseLevel3Inputs" name="SaleOfInvestmentsThatUseLevel3Inputs" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RevaluationOfInvestmentsThatUseLevel3Inputs" name="RevaluationOfInvestmentsThatUseLevel3Inputs" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DueFromRelatedPartyCustomerPercentage" name="DueFromRelatedPartyCustomerPercentage" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AllowanceForBrokerageReceivables" name="AllowanceForBrokerageReceivables" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoansReceivableNetReportedAmount" name="LoansReceivableNetReportedAmount" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoanCurrency" name="LoanCurrency" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoansIssuedDueDates" name="LoansIssuedDueDates" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageInterestRate" name="WeightedAverageInterestRate" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DeferredTaxAssetsAccruedLiabilities" name="DeferredTaxAssetsAccruedLiabilities" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RevaluationOnTradingSecurities" name="RevaluationOnTradingSecurities" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_IncomeTaxDescription" name="IncomeTaxDescription" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_IncomeTaxRateForDefferedAssetsAndLiabilities" name="IncomeTaxRateForDefferedAssetsAndLiabilities" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesRepurchaseAgreementObligationRemainingContractualMaturity30To90Days" name="SecuritiesRepurchaseAgreementObligationRemainingContractualMaturity30To90Days" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesRepurchaseAgreementObligationRemainingContractualMaturityUpTo30Days" name="SecuritiesRepurchaseAgreementObligationRemainingContractualMaturityUpTo30Days" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesRepurchaseAgreementObligationTotalContractualMaturity" name="SecuritiesRepurchaseAgreementObligationTotalContractualMaturity" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesSoldUnderAgreementToRepurchaseAverageInterestRate" name="SecuritiesSoldUnderAgreementToRepurchaseAverageInterestRate" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CustomerLiabilities" name="CustomerLiabilities" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TradePayables" name="TradePayables" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RelatedPartyDuePercentage" name="RelatedPartyDuePercentage" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LossOnTheChangeInTheFairValueAndForeignExchangeOfFinancialLiabilities" name="LossOnTheChangeInTheFairValueAndForeignExchangeOfFinancialLiabilities" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ShortPositionAmount" name="ShortPositionAmount" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SecuritiesSoldNotYetPurchasedAtFairValue" name="SecuritiesSoldNotYetPurchasedAtFairValue" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ProceedsFromSaleOfSharesOther" name="ProceedsFromSaleOfSharesOther" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_Borrower" name="Borrower" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_Lender" name="Lender" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalAmountOutstanding" name="TotalAmountOutstanding" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoanReceivedAmountOutstanding" name="LoanReceivedAmountOutstanding" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LoanReceivedAverageInterestRate" name="LoanReceivedAverageInterestRate" nillable="true" xbrli:periodType="duration" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DebtInstrumentsTerm" name="DebtInstrumentsTerm" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_MaturityDate" name="MaturityDate" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DebtSecuritiesIssued" name="DebtSecuritiesIssued" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DebtSecuritiesIssued1" name="DebtSecuritiesIssued1" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_DebtSecuritiesAccruedInterest" name="DebtSecuritiesAccruedInterest" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_BondCarryingValueAmount" name="BondCarryingValueAmount" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_MaturityDates" name="MaturityDates" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CouponRates" name="CouponRates" nillable="true" xbrli:periodType="instant" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CommissionIncome" name="CommissionIncome" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_MarginLendingReceivables" name="MarginLendingReceivables" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_LendingPayables" name="LendingPayables" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RestrictedStockBasedCompensationExpense" name="RestrictedStockBasedCompensationExpense" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CommissionExpenses" name="CommissionExpenses" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_RestrictedCustomerCash" name="RestrictedCustomerCash" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_CashAndCashEquivalents" name="CashAndCashEquivalents" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_StockBasedCompensationExpense" name="StockBasedCompensationExpense" nillable="true" xbrli:balance="credit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageFairValueBeginningBalance" name="WeightedAverageFairValueBeginningBalance" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageExercisePriceGranted" name="WeightedAverageExercisePriceGranted" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageExercisePriceVested" name="WeightedAverageExercisePriceVested" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageExercisePriceForfeitedCancelledExpired" name="WeightedAverageExercisePriceForfeitedCancelledExpired" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageFairValueEndingBalance" name="WeightedAverageFairValueEndingBalance" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_NumberOfOptionsOutstandingBeginning" name="NumberOfOptionsOutstandingBeginning" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_NumberOfOptionsExercised" name="NumberOfOptionsExercised" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_NumberOfOptionsOutstandingEnding" name="NumberOfOptionsOutstandingEnding" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_NumberOfStockOptionsExercisable" name="NumberOfStockOptionsExercisable" nillable="true" xbrli:periodType="duration" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageExercisePriceOutstandingEnding" name="WeightedAverageExercisePriceOutstandingEnding" nillable="true" xbrli:periodType="instant" type="num:perShareItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageExercisePriceExercisable" name="WeightedAverageExercisePriceExercisable" nillable="true" xbrli:periodType="duration" type="num:perShareItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1" name="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1" nillable="true" xbrli:periodType="duration" type="xbrli:durationItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageRemainingContractualTermExercisableEnding" name="WeightedAverageRemainingContractualTermExercisableEnding" nillable="true" xbrli:periodType="duration" type="xbrli:durationItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AggregateIntrinsicValueOutstandingBeginning" name="AggregateIntrinsicValueOutstandingBeginning" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AggregateIntrinsicValueOutstandingEnding" name="AggregateIntrinsicValueOutstandingEnding" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AggregateIntrinsicValueExercisableStockOptions" name="AggregateIntrinsicValueExercisableStockOptions" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAveragePeriod" name="WeightedAveragePeriod" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_UnrecognizedCompensationCost" name="UnrecognizedCompensationCost" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalLeaseAssets" name="TotalLeaseAssets" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_OperatingLeasesFutureMinimumPaymentsDueInFirstYear" name="OperatingLeasesFutureMinimumPaymentsDueInFirstYear" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_TotalPaymentOfLeaseLiability" name="TotalPaymentOfLeaseLiability" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_WeightedAverageRemainingLeasTermInMonths" name="WeightedAverageRemainingLeasTermInMonths" nillable="true" xbrli:periodType="duration" type="xbrli:stringItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_ShortTermOperatingLease" name="ShortTermOperatingLease" nillable="true" xbrli:balance="debit" xbrli:periodType="duration" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_BankGuarantees" name="BankGuarantees" nillable="true" xbrli:balance="credit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_UnfundedCommitmentsUnderLinesOfCredit" name="UnfundedCommitmentsUnderLinesOfCredit" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_Total" name="Total" nillable="true" xbrli:balance="debit" xbrli:periodType="instant" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" />
  <element id="frhc_AdditionalInterestTranferred" name="AdditionalInterestTranferred" nillable="true" xbrli:periodType="duration" type="num:percentItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountInClearingOrganizationsMember" id="frhc_CurrentAccountInClearingOrganizationsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="USSovereignDebtMember" id="frhc_USSovereignDebtMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CorporateDebtsMember" id="frhc_CorporateDebtsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="UncollateralizedNonBankLoanMember" id="frhc_UncollateralizedNonBankLoanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="UncollateralizedNonBankLoanOneMember" id="frhc_UncollateralizedNonBankLoanOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="SubordinatedLoanOneMember" id="frhc_SubordinatedLoanOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BankCustomerLoansMember" id="frhc_BankCustomerLoansMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BankCustomerLoansOneMember" id="frhc_BankCustomerLoansOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="UnitedStatesMember" id="frhc_UnitedStatesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="RussianFederationMember" id="frhc_RussianFederationMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="KazakhstanMember" id="frhc_KazakhstanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="KyrgyzstanMember" id="frhc_KyrgyzstanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="GermanyMember" id="frhc_GermanyMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CyprusMember" id="frhc_CyprusMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="UkraineMember" id="frhc_UkraineMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="AzerbaijanMember" id="frhc_AzerbaijanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="UzbekistanMember" id="frhc_UzbekistanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="NonUSSovereignDebtOneMember" id="frhc_NonUSSovereignDebtOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CorporateDebtMember" id="frhc_CorporateDebtMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CorporateEquityMember" id="frhc_CorporateEquityMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="LlcFreedomFinanceUkraineMember" id="frhc_LlcFreedomFinanceUkraineMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="AskarTashtitovMember" id="frhc_AskarTashtitovMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="NonUSSovereignDebtMember" id="frhc_NonUSSovereignDebtMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="LevelOneMember" id="frhc_LevelOneMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="LevelTwoMember" id="frhc_LevelTwoMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="LevelThreeMember" id="frhc_LevelThreeMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ExchangeTradedNotesMember" id="frhc_ExchangeTradedNotesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="EquitySecuritieMember" id="frhc_EquitySecuritieMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="SecuritiesPurchasedUnderReverseRepurchaseAgreementsMember" id="frhc_SecuritiesPurchasedUnderReverseRepurchaseAgreementsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountsWithCommercialBanksMember" id="frhc_CurrentAccountsWithCommercialBanksMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="AccountsWithStockExchangeMember" id="frhc_AccountsWithStockExchangeMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BrokerageCustomersMember" id="frhc_BrokerageCustomersMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="PettyCashInBankVaultAndOnHandMember" id="frhc_PettyCashInBankVaultAndOnHandMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BankingCustomersMember" id="frhc_BankingCustomersMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="MarginLendingReceivablesMember" id="frhc_MarginLendingReceivablesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="MinistryOfFinanceOfTheRepublicOfKazakhstanMember" id="frhc_MinistryOfFinanceOfTheRepublicOfKazakhstanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountWithCentralBankRussiaMember" id="frhc_CurrentAccountWithCentralBankRussiaMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountsWithBrokersMember" id="frhc_CurrentAccountsWithBrokersMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountWithNationalSettlementDepositoryRussiaMember" id="frhc_CurrentAccountWithNationalSettlementDepositoryRussiaMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountWithNationalBankKazakhstanMember" id="frhc_CurrentAccountWithNationalBankKazakhstanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CurrentAccountWithCentralDepositoryKazakhstanMember" id="frhc_CurrentAccountWithCentralDepositoryKazakhstanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="EquitySecurityMember" id="frhc_EquitySecurityMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BrokerageCustomersCashMember" id="frhc_BrokerageCustomersCashMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="DeferredDistributionPaymentsMember" id="frhc_DeferredDistributionPaymentsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ReserveWithCentralBankOfRussiaMember" id="frhc_ReserveWithCentralBankOfRussiaMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="MarginLendingPayableMember" id="frhc_MarginLendingPayableMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="GuarantyDepositsMember" id="frhc_GuarantyDepositsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="PreferredSharesMember" id="frhc_PreferredSharesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="PayablesToSuppliersOfGoodsAndServicesMember" id="frhc_PayablesToSuppliersOfGoodsAndServicesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="TradePayableForSecuritiesPurchasedMember" id="frhc_TradePayableForSecuritiesPurchasedMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="OtherLiabilityMember" id="frhc_OtherLiabilityMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="RelatedPartyMember" id="frhc_RelatedPartyMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="FRHCNotesMember" id="frhc_FRHCNotesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ReceivablesFromBrokerageClientsMember" id="frhc_ReceivablesFromBrokerageClientsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CorporateEquityTwoMember" id="frhc_CorporateEquityTwoMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="CorporatesDebtsMember" id="frhc_CorporatesDebtsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="TradingSecuritiesMember" id="frhc_TradingSecuritiesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BrokerageAccountsMember" id="frhc_BrokerageAccountsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ThreeYearVestingConditionsMember" id="frhc_ThreeYearVestingConditionsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="TwoYearVestingConditionsMember" id="frhc_TwoYearVestingConditionsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="OneYearVestingConditionsMember" id="frhc_OneYearVestingConditionsMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BondsCouponReceivableMember" id="frhc_BondsCouponReceivableMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="KazakhstanSustainabilityFundJSCMember" id="frhc_KazakhstanSustainabilityFundJSCMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="FiftySixEmployeesMember" id="frhc_FiftySixEmployeesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ThreeEmployeesMember" id="frhc_ThreeEmployeesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="MonteCarloMember" id="frhc_MonteCarloMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BlackScholesMember" id="frhc_BlackScholesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="LongTermInstallmentsReceivablesMember" id="frhc_LongTermInstallmentsReceivablesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ReceivableForUnderwritingMarketMakingServicesMember" id="frhc_ReceivableForUnderwritingMarketMakingServicesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="ReceivableFromPurchaseOrSaleOfSecuritiesMember" id="frhc_ReceivableFromPurchaseOrSaleOfSecuritiesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="DividendsAccruedMember" id="frhc_DividendsAccruedMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="BankCommissionsReceivableMember" id="frhc_BankCommissionsReceivableMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="OthersReceivablesMember" id="frhc_OthersReceivablesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="AllowanceForReceivablesMember" id="frhc_AllowanceForReceivablesMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
  <element name="SubordinatedLoanMember" id="frhc_SubordinatedLoanMember" nillable="true" xbrli:periodType="duration" type="nonnum:domainItemType" substitutionGroup="xbrli:item" />
</schema>
