Freetrade launches commission-free direct access to European markets
Freetrade, the investment platform that is on a mission to get everyone investing, has announced that its over 1.2 million UK users can from today invest in German listed stocks, including the likes of Deutsche Telekom, Adidas, Volkswagen and BMW.
Freetrade is the only commission-free investment platform to enable UK retail investors direct access to the European market, rather than having to invest via a CREST Depository Interest (CDI). The company now offers over 6,000 UK, US and European stocks and ETFs for people to invest in.
The launch of German stocks on the platform closely follows the arrival of Finnish stocks. Freetrade will continue to expand the universe of European equities available in the coming weeks, opening up markets in Austria, Belgium, Netherlands, Portugal and Sweden.
Adam Dodds, CEO and Founder of Freetrade, said “The addition of European stocks to the platform is a key step for us as we begin our expansion into Europe and beyond. Our mission is to get everyone investing while keeping prices low. Freetrade’s unique direct to market access and proprietary brokerage platform helps to unlock cost-savings that we can pass onto our customers through a simple and low-cost investment experience. We will continue to add more European exchanges to the platform as we expand across Europe.”
Natan Tiefenbrun, Head of Equities, Cboe Europe, said: “We support Freetrade in their quest to offer customers a pan-European investing experience, and are delighted to welcome Freetrade as a participant of Cboe Europe, the largest pan-European stock exchange. Freetrade’s customers will enjoy cost-effective access to liquidity in thousands of stocks and ETFs, and their participation in our market will deepen and further diversify the liquidity available to all our participants.”
Cécile Nagel, President, EuroCCP, said: “We are extremely pleased to welcome Freetrade as a clearing member and to help bring the benefits of risk mitigation and low-cost clearing to them and their retail investor community.”
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