Flatex buys Degiro

I know several people here have an account with Degiro. They have just been purchased by Frankfurt-based Flatex. From the press release, this will likely lead to more trading options for Degiro clients because Flatex has a German banking license. Combined 850000 clients. Flatex’s stock is up about 20% on the news. Not too sure what this really means for Degiro account-holders long-term…

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I don’t have any information to add, but interested to see how this evolves

Flatex will introduce custody/account keeping fees of 0.1% plus tax p.a. in 2020 in Germany. While their Dutch offering still seems to be free (commission-free trading without custody fees).

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