Exceptional deal to be had - Intermediary facilitates transactions with Trade Republic & Co.
This new deal from traditional broker, Trade Republic & Co, is giving some stiff competition almost everywhere. Integrating the cost-consciousness of many investors in Germany, especially the tech-savvy Gen Z, here's a tantalizing proposition that's hard to ignore.
While Trade Republic was the only go-to for cost-cutting investors before, Flatex, hailing from the ranks of traditional brokers, is now entering the price war with an enticing offer.
A Game-Changer for Gen Z Investors
Flatex is obliterating transaction fees for brand new customers aged 18-27 and catering to the foreign exchange costs. This means that on platforms like Tradegate, Lang & Schwarz, Baader Bank, gettex, Quotrix, and Société Générale, trading equals zilch! Squeezing the most out of savings plans, these features now come free of charge. Though orders for certificates, options, and leveraged products aren't part of this promotion, it's a sustainable deal for Gen Z.
Note that this deal's only valid until your 27th birthday, and to qualify, you've got to establish a deposit account between January 1, 2025, and March 31, 2025, at www.flatex.de/genzero.
Remember, being a new customer implies you haven't maintained an account with the broker in the past 6 months.
Flatex: An Attractive Proposal for All
With this move, Flatex undercuts both Trade Republic and Scalable Capital concerning costs—persistent costs of 1 euro and 0.99 euros for Trade Republic and Scalable Capital, respectively, for each transaction apply.
However, even investors over the age of 27 could reap benefits from opening a Flatex account. The platform currently offers a new customer promotion with merely 1.90 euros per transaction for a year (excluding foreign exchange fees). Plus, they've recently debuted a crypto offering second to none (read more here).
So it seems like Flatex's offer is worth exploring here.
Bonus Reading:
flatexDEGIRO's New Deal - The best opportunity for crypto trading in Germany?
Some of the links you'll find in this comparison are affiliate links. We receive commissions if you click on these links to help us offer our content for free. Our top priority is to provide you with unbiased content—we strive to inform you independently.
The CEO and majority shareholder of the publisher Boerse-Medien AG, Mr. Bernd Förtsch, holds an indirect significant stake in flatexDEGIRO AG, which operates online brokerage under the brands flatex and DEGIRO.
- With Flatex offering zero transaction fees and lowered costs for foreign exchange, they're giving stiff competition to traditional brokers like Trade Republic, especially for Gen Z investors looking to finance and invest in business through platforms like Tradegate, Lang & Schwarz, Baader Bank, gettex, Quotrix, and Société Générale.
- Even investors beyond Gen Z could find benefit in opening a Flatex account, as they currently offer a promising new customer promotion with lower transaction fees for a year, along with a recently introduced crypto offering that's hard to ignore, making it worth exploring for all interested in finance and investing.
