Trading 212 has officially started welcoming new clients in Germany through FXFlat Bank, the BaFin-licensed broker it acquired in 2024. This move brings commission-free trading to German investors, offering access to shares and ETFs from major global exchanges, including Xetra, NASDAQ, and NYSE. The company aims to redefine the German trading landscape by eliminating traditional fees associated with investing.
A New Era of Commission-Free Trading in Germany
In a recent LinkedIn post, Trading 212 announced that German residents can now benefit from its zero-commission investing model through FXFlat Bank GmbH. The acquisition of FXFlat Bank allows the company to operate under German regulations and provide local investors with a secure and cost-effective platform.
The platform offers global market access without charging order execution, settlement, or account fees. This marks a significant step forward for German traders who have historically faced high costs with conventional platforms.
Enhanced Security and Transition Details
Trading 212 has emphasized the safety and security of its services, highlighting that funds are protected up to €100,000 under the German Deposit Protection Fund (EdB) and up to €20,000 under the Investor Compensation Scheme (EdW). These measures aim to instill confidence among new clients transitioning to FXFlat Bank.
Existing Trading 212 users in Germany must close their current accounts and open new ones with FXFlat Bank to continue accessing the platform. While full account migration is still under development, the company assures customers that the process is being streamlined. However, certain features, such as the Trading 212 debit card, are not yet available to FXFlat Bank clients. The company expects to roll out the card by spring 2025.
Expansion Beyond Stocks and ETFs
In addition to stocks and ETFs, Trading 212 has been expanding its services globally. In mid-2024, the company obtained a crypto asset service provider license in Cyprus through a newly established entity, Trading 212 Crypto Ltd. This venture is separate from its existing operations under Trading 212 Markets Ltd, which holds a Cyprus Investment Firm license.
The move into Germany marks another milestone in Trading 212’s efforts to bring affordable, accessible trading services to a broader audience, aligning with its goal to revolutionize retail investing across Europe.
