DEGIRO Retailises European Online Brokerage With Zero Commission Trading on Top US and European Exchanges
19 November 2021 - 1:38AM
Business Wire
DEGIRO retailises European Online Brokerage with zero commission
trading on top US and European exchanges
- Zero commission US trading on NASDAQ and NYSE in all DEGIRO
markets
- Zero commission trading on leading local exchanges and all
ETFs in DEGIRO growth countries
- Most transparent pricing structure with no compensation
through payment for order flow
- Significant acceleration of customer and transaction growth
and increasing profitability expected
Today, flatexDEGIRO (WKN: FTG111, ISIN: DE000FTG1111, Ticker:
FTK.GR), Europe's largest and fastest-growing pan-European retail
online broker announced the introduction of zero commission trading
at DEGIRO, starting as of 22 November 2021. DEGIRO customers across
Europe will thereby be able to trade without any commission over
5,000 US equities directly on the leading US exchanges NASDAQ and
NYSE. Additionally, in the most important growth markets, France,
Spain, Portugal and Italy, as well as in Sweden and Denmark, they
will trade all ETFs commission-free as well as equities on the
respective local Tier 1 exchanges, including Euronext Paris, and
Lisbon, NASDAQ Stockholm, Bolsa de Madrid and Borsa Italia.
For the very first time, European retail investors will be able
to trade at zero commission without having to compromise on
quality, service, security, product choice or place of execution.
flatexDEGIRO leverages its technological edge, its financial
strengths and the scale of its market-leading pan-European online
brokerage business to make this unique offer. The attractiveness
and quality of the offer is expected to lead to an increasing
revenue base and additional economies of scale which, together with
optimised monetisation, should strongly improve flatexDEGIRO's
operating profitability.
Frank Niehage, CEO of flatexDEGIRO: "With 'DEGIRO goes zero', we
are changing the face of online brokerage in Europe. DEGIRO
provides the lowest prices in the market with full cost
transparency and no compromise on quality. We are now not only
leading in platform and product but also in price. This will
further increase the attractiveness of long-term investing and
trading on our platform for millions of Europeans. No one
interested in online brokerage should ever again feel the need to
trade with brokers who supposedly charge no commissions but offer
only intransparent and low-quality alternatives."
Muhamad Chahrour, CEO of DEGIRO and CFO of flatexDEGIRO: "It's
as simple as that: for years, many so-called 'neo-brokers' claimed
to offer zero commission trading - but at what costs? Clients were
attracted to trade either highly risky CFDs or with market makers
having intransparent product-pricing and scrutinised payments for
order flow. No retail customer should ever again accept this
specious trade-off. We promised to retailise capital market access
- this is exactly what we now do with this revolutionary step.
DEGIRO launches the first fair and most transparent zero commission
retail brokerage, not relying on any payment for order flow."
Complex variable fee structures for external cost such as
exchange fees and regulatory costs will be eliminated by a
transparent and simple flat handling fee of as little as 50 Cents
per transaction. DEGIRO also supports the best access to
international equity markets with transparent and outstanding FX
services and fees, including one of the lowest FX fees in the whole
financial industry of just 0.25%.
About flatexDEGIRO AG
flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker:
FTK.GR) operates one of the leading and fastest growing online
brokerage businesses in Europe, executing millions of paperless
securities transactions per annum. B2C customers in 18 European
countries are serviced via the flatex and DEGIRO brands and offered
a wide range of independent products at competitive pricing, based
on a modern, in-house state-of-the-art technology.
With more than 1.25 million customers and over 75 million
securities transactions in 2020, flatexDEGIRO is the largest retail
online broker in Europe. In a time of bank consolidation, low
interest rates and digitalization, the flatexDEGIRO Group is
ideally positioned for further growth. Within the next five years,
flatexDEGIRO aims to grow its customer base to 7-8 million
customers, settling 250-350 million transactions per year - even in
years with low volatility.
More information via https://www.flatexdegiro.com/en
Language:
English
Company:
flatexDEGIRO AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone:
+49 (0) 69 450001 0
E-mail:
ir@flatexdegiro.com
Internet:
www.flatexdegiro.com
ISIN:
DE000FTG1111
WKN:
FTG111
Indices:
SDAX
Listed:
Regulated Market in Berlin, Dusseldorf,
Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate
Exchange
EQS News ID:
1250311
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211118005880/en/
Achim Schreck Tel. +49 (0) 69 450001 0 Head of IR &
Corporate Communications achim.schreck@flatexdegiro.com
flatexDEGIRO AG Rotfeder-Ring 7 D-60327 Frankfurt/Main
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