# Flatex buys Degiro
**URL:** https://forum.mustachianpost.com/t/flatex-buys-degiro/2918
**Category:** Investing / Brokers
**Created:** [December 16, 2019, 1:15pm UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918 "2019-12-16T13:15:58Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@chca](https://forum.mustachianpost.com/u/chca)
#### Post date: [December 16, 2019, 1:15pm UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/1 "2019-12-16T13:15:58Z")
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…
---
### Author:  [@Cookie](https://forum.mustachianpost.com/u/Cookie)
#### Post date: [December 25, 2019, 1:15pm UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/2 "2019-12-25T13:15:58Z")
I don’t have any information to add, but interested to see how this evolves
---
### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [December 25, 2019, 2:41pm UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/3 "2019-12-25T14:41:10Z")
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).
---
### Author:  [@jcd](https://forum.mustachianpost.com/u/jcd)
#### Post date: [August 4, 2020, 9:02am UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/4 "2020-08-04T09:02:59Z")
I just got the confirmation that the acquisition by Flatex AG has been finalized.
Actually they are stating only the positive points:
- you get a German Bank account with 100’000 EUR protection
- no more Monetary Funds to hold liquidity
Actually I’m quite happy with Degiro but let’s wait to see what will happen to the fees!
---
### Author:  [@chca](https://forum.mustachianpost.com/u/chca)
#### Post date: [January 12, 2021, 8:37am UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/5 "2021-01-12T08:37:13Z")
Does anyone know when the flatex cash account will be integrated for Swiss customers? On the website it still says that it will happen during the 2nd half of 2020.
---
### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [April 15, 2023, 9:09pm UTC](https://forum.mustachianpost.com/t/flatex-buys-degiro/2918/6 "2023-04-15T21:09:24Z")