Trading 212 has acquired FXFlat Bank GmbH, marking its entry into the German market through a fully licensed local entity. This strategic move is set to bring Trading 212’s zero-commission investing platform to German investors, further disrupting traditional brokerage services across Europe.
Strategic Expansion into Germany
The acquisition of FXFlat Bank GmbH by Trading 212 represents a significant step in the company’s European growth strategy. Known for its innovative zero-commission trading model, Trading 212 has gained a strong foothold in the UK and European markets. This latest acquisition allows the company to establish a direct presence in Germany, operating under a licensed German entity.
As part of the integration process, Trading 212 and FXFlat are working closely to merge their platforms and services seamlessly. While FXFlat will temporarily halt the onboarding of new clients during this transition, existing clients will continue to receive full support and service.
FXFlat Bank GmbH announced on its website: “We are excited to share that FXFlat Bank GmbH is now part of Trading 212 Group Limited (‘Trading 212’), one of the most dynamic fintech companies in Europe and a leader in zero-commission investing. This acquisition opens a new chapter for us, enabling German investors to benefit from Trading 212’s cutting-edge trading platform within a fully regulated environment.”
Broader Expansion and New Offerings
Trading 212’s recent activities reflect its broader ambition to expand globally and diversify its product offerings. Earlier this year, the company secured a crypto asset service provider (CASP) license from the Cyprus Securities and Exchange Commission. This license allows Trading 212 to offer crypto exchange services and custodial solutions through its local entity, Trading 212 Crypto Ltd.
Additionally, Trading 212 has introduced a multi-currency payment card for UK users, in partnership with Paynetics, an e-money services provider. The card offers attractive features, including a cashback rate of 1.5% until the end of September, which will then adjust to 0.5%. The company also plans to launch the 212 Card in the UK, offering users a 5% APY daily interest rate and 0.5% cashback up to £20 per month.
The 212 Card supports global transactions with minimal foreign exchange fees and no weekend charges, enhancing the ease of international currency management. Originally founded in Bulgaria in 2004 as Avus Capital, Trading 212 was incorporated in the UK in 2013, and has since grown into a major player in the fintech industry.
