Flatex Bank Ag Degiro

Flatex bank will offer a personal cash account with an iban for the holding of uninvested money which will be directly connected to your degiro investment account.

Flatex bank ag degiro. De nederlandsche bank dnb granted the german online trading broker flatex ag declaration of no objection dno on the acquisition of 100 of the shares in european brokerage company degiro. Flatex is today one of the leading online brokers in germany with over 370 000 customers and over 12 million completed transactions as of 30 06 2020 currently more than 1 million customers in 18 european countries trust the leading product and price offer of flatex and degiro. The acquisition is expected to complete by 1 august. Degiro retail brokerage asset light model no banking license proprietary it and trading engine 2019e 470k clients 18 6m transactions 18 countries 200 employees.

Online brokers compared for fees trading platforms safety and more. The bank account can only be used for this purpose. Flatex is offering a special bank account for degiro customers with the sole purpose of holding your degiro investment money. Our clear goal is to offer to our flatex and degiro customers in europe with our 800 employ ees best of both worlds says muhamad chahrour cfo of flatex ag.

Degiro brokerage to professional clients since 2013. 2 flatex and degiro overview founded in 2007 in netherlands as fund management company private non listed dutch company since 2011. Currently degiro acts as a dutch investment firm and unlike flatex which has a german full banking license is unable to offer full financial services directly itself.