Flatex Bank Degiro

Flatex is today one of the leading online brokers in germany with over 350 000 customers and over 12 million completed transactions as of 30 06 2020 after the acquisition of degiro flatex will be the first and largest online broker in europe and will serve more than.

Flatex bank degiro.

Although degiro is not a bank this does not mean we can t partner up with one. Degiro started in 2013 with the plan to create the first pan european online retail broker. After the acquisition by flatex degiro and flatex will jointly build the leading online broker in europe. Degiro is a european brokerage company based in amsterdam it was founded in 2008 by a group of five former employees of binck bank to service the professional market.

Flatex bank has held a banking license since 2005 and has 14 billion in assets under administration july 2020. Flatex is today one of the leading online brokers in germany with over 350 000 customers and over 12 million completed transactions. 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.

Providing proper cash accounts for degiro clients with flatex bank will further fuel client growth and will give degiro clients for the first time ever access to a statutory deposit insurance scheme of a eurozone bank. We expect almost all eur assets to be moved to flatex bank by the end of q3 2020. After the acquisition of degiro flatex will be the first and largest online broker in europe and will serve more than one million customers by the end of 2020. The belief was and still is that by bringing true added value to clients success would follow and it did.

Degiro retail brokerage asset light model no banking license proprietary it and trading engine 2019e 470k clients 18 6m transactions 18 countries 200 employees. I am looking very much forward to working closely with my degiro supervisory board colleagues on the future success of our european brokerage franchise. In flatex bank a regulated german bank we found the perfect partner.