Freetrade strikes deal to offer direct access to German stocks, giving investors the chance to buy stocks from big names like Adidas and BMW
- Freetrade has reached an agreement to offer investors direct access to German stocks
- The agreement will reduce costs for users as transactions will not go through a third party
- It lays the foundations for further expansion in Europe
Freetrade users can now buy major stocks like Adidas and BMW after striking a deal to give investors direct access to the German stock exchange, laying the groundwork for further expansion in Europe.
The launch of German stocks follows the arrival of Finnish stocks on the platform last month.
Users can now buy and sell Dutch stocks and will soon be able to buy Swedish, Portuguese and Austrian stocks.
Investors can now buy German stocks like BMW without incurring additional fees, as Freetrade secures direct access
Rival platforms currently allow customers to buy and sell European stocks, but do so through a third-party system that charges fees.
Freetrade will become the first retail platform in the UK to connect directly to exchanges in Europe via CBOE and Equiduct, usually reserved for institutional investors, rather than using the CREST system.
“Freetrade clients will benefit from cost-effective access to liquidity in thousands of stocks and ETFs, and their participation in our marketplace will further deepen and diversify the liquidity available to all of our participants,” said Natan Tiefenbrun, Head of shares at CBOE Europe.
The partnership means costs are kept low for users who can buy and sell most German stocks with no commission or fees, just exchange fees.
“Adding European stocks to the platform is a key step for us as we begin our expansion into Europe and beyond,” said Founder and Managing Director Adam Dodds.
“Freetrade’s direct access to the single market and proprietary brokerage platform helps unlock savings that we can pass on to our clients through a simple, low-cost investing experience.
“We will continue to add more European exchanges to the platform as we expand across Europe.”
Other big names listed in Germany include Daimler, Porsche, Siemens and Deutsche Telekom.
Access to other European markets means investors will be able to access popular European stocks such as Volvo in Sweden and Just Eat and Heineken in the Netherlands.
This is the first time that the platform has offered its users access to European equities. The platform, which allows its users to trade for free, launched its app in 2018 in a bid to democratize investing, but it only offered UK and US stocks and ETFs until recently.
He has built a loyal following in large part through his referral scheme which promises a free share worth up to £200, which has helped grow his customer base to over a million and doubling its valuation from £270m to £650m in less than a year. .
Compare the Best DIY Investment Platforms and Isa Stocks & Stocks
Investing online is simple, inexpensive and can be done from your computer, tablet or phone when and where it’s convenient for you.
When it comes to choosing a DIY investment platform, Isa stocks and shares, or a general investment account, the range of options can seem overwhelming.
Each provider has a slightly different offering, charging more or less for trading or holding stocks and providing access to a different range of stocks, funds and investment trusts.
When choosing the one that’s right for you, it’s important to consider the service it offers, as well as the administration and trading fees, and any other additional costs.
To help you compare investment accounts, we’ve analyzed the facts and put together a comprehensive guide to choosing the best and cheapest investment account for you.
We highlight the major players in the table below, but advise you to do your own research and consider the points in our full guide linked here.
>> This is Money’s complete guide to the best investment platforms and Isas
| Administration fees | Expense | fund trading | Standard Stock, Trust, ETF Trading | Regular investment | Reinvestment of dividends | ||
|---|---|---|---|---|---|---|---|
| AJ Bell YouInvest | 0.25% | Max £3.50 per month for stocks, trusts, ETFs. | £1.50 | £9.95 | £1.50 | 1% (minimum £1.50, maximum £9.95) | More details |
| bestinvest | 0.40% | To free | £7.50 | n / A | n / A | More details | |
| Charles Stanley live | 0.35% | No stock platform fees if a trade is made that month and an annual maximum of £240 | To free | £11.50 | n / A | n / A | More details |
| loyalty | 0.35% on funds | Fees from £45 up to £7,500. Max £45 per year for stocks, trusts, ETFs | To free | £10 | Free funds £1.50 stocks, ETF trusts | £1.50 | More details |
| Hargreaves Lansdown | 0.45% | Capped at £45 for stocks, trusts and ETFs | To free | £11.95 | £1.50 | 1% (minimum £1, maximum £10) | More details |
| Interactive Investor | £119.88 or £9.99 per month | £7.99 per month trade credit back | £7.99 | £7.99 | To free | €0.99 | More details |
| iWeb | £100 single | £5 | £5 | n / A | 2%, maximum £5 | More details | |
| Free exchange | Free for standard account £3 per month for Isa | Freetrade Plus with more investments is £9.99/month including tax. Isa Fee | no funds | To free | n / A | n / A | More details |
| Avant-garde | 0.15% | Only Vanguard funds | To free | Free Vanguard ETFs only | To free | n / A | More details |
| (Source: ThisisMoney.co.uk July 2021. Administration fee shown annually, can be monthly or quarterly) | |||||||
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