🇩🇪 Big news for German residents!

Starting today, we are onboarding new clients in Germany through our BaFin-licensed broker - FXFlat Bank GmbH, which Trading 212 acquired last year.

Finally, Germany gets a local broker offering truly zero-commission investing:

:white_check_mark: No order execution fees
:white_check_mark: No external settlement fees
:white_check_mark: No account fees
:white_check_mark: Access to shares and ETFs listed on the biggest global exchanges such as Xetra, NASDAQ, and NYSE.

Key benefits:

:classical_building: Up to €100,000 money protection by the EdB
:classical_building: Up to €20,000 money protection by the EdW
:classical_building: Local regulation by BaFin applies

Get the Trading 212 app now and start building wealth every day!

FAQ:

:thinking: I am already a client of Trading 212. Can I switch my account to the German broker?
:bulb: We are working on a seamless account migration feature. However, for now, the only way to switch to FXFlat Bank is to close your current account and open a new one.

:thinking: Are there differences in features between Trading 212 Markets and FXFlat Bank?
:bulb: At present, FXFlat Bank clients do not have access to the 212 debit card. We are actively working on enabling the 212 Card by spring 2025.

When investing, your capital is at risk. Other fees may apply. Content by FXFlat Bank GmbH.

13 Likes

Looks very good.
What about integration with the German Tax Authorities?

1 Like

The tax deduction will happen automatically for CFD transactions and interest on cash in both Invest and CFD.

2 Likes

but not on Invest gains, dividends etc?

1 Like

For now, taxes will not be deducted from realised profit, dividends, and result adjustments in Invest accounts. So you will need to do them yourself. However, we understand the importance of such a feature for German clients and will consider it.

6 Likes

hello, being a resident in Portugal, if I close my current account and open a new one, will it be opened in Germany?

No, if you close your account and open a new one, you’ll be onboarded with Trading 212 Markets Ltd., as you’re a Portuguese resident. Currently, we are onboarding only German residents into our new entity.

I hope you will it do with great priority!!

1 Like

ok thanks for the explanation. Just one more question, in the future, will all clients of “Trading 212 Markets Ltd” move to “Germany” or will only those who wish to do so pass? when the process is implemented

FXFlat Bank GmbH will only be used to onboard clients based in Germany. Clients from the other EEA countries will continue to be onboarded via the CySEC regulated broker - Trading 212 Markets Ltd.

1 Like

I am living in Germany but I’m not fluent in German, if I open an account can I have the app language in English? Also will you provide customer support in English in case I need it?

I would say once you also have the feature to automatically deduct taxes I will switch to Trading 212 since the other platforms working in Germany are not so great,

1 Like

Sure, you can go to ‘Settings’ → ‘Language’ and then select English.

Sure, you can request support in English at the start of your chat.

2 Likes

Hey there, truly excited about the integration.
I have a few clarifications:

  1. I am already a Trading 212 user. Should I entirely close my existing account and create a new one with the same resident address to onboard through FXFlat Bank GmbH in Germany?

  2. Regarding the “truly zero-commission investing” you mentioned, does this apply to CFD accounts as well, or is it specific to Invest and ISA accounts only?

  3. You previously mentioned that taxes for CFDs are automatically deducted. Could you clarify:

• For CFDs, are taxes deducted on a per-trade basis?

• Or are they calculated and deducted on an annual basis, at the end of the year?

Yes, that’s the option now if you’d like to be part of our German entity.

The only fee in Invest and ISA accounts is the FX Fee. Keep in mind that there are stock exchange fees applied by the exchanges.

There’s an article in our Help Centre explaining the scenarios in which taxes will be automatically deducted. You can check it out here.

Hello, Can we retain our old account separately while creating a new one from FXFlat Bank GmbH in Germany. Thanks

@RLX you might want to keep an eye out for this!

For now, taxes will not be deducted from realised profit, dividends, and result adjustments in Invest accounts. So you will need to do them yourself. However, we understand the importance of such a feature for German clients and will consider it.

I believe saying this is an important feature would be an understatement, it is “the most important feature” for the German clients.

You can start searching in different forums about different platforms for investing in the stock market in Germany, a lot of people are recommending or considering trading 212 but they mention that they have to do the taxes themselves and it is going to be troublesome and expensive if outsourced. Infact, the main reason people were going for some other neo borkers in Germany was this one simple feature.

Also, you can again start searching about the rumor that trading 212 is coming to Germany because they bought FXFlat. Everyone is hyped because they say if it is true, soon enough they may be able to avoid doing the taxes themselves.

1 Like

Looking forward for this – to close (sell all position) and reopen seems very complicated and not efficient for me.

Furthermore, I am looking forward to auto-tax-deduction/payment.

How can I tell if I was onboarded to FXFlat bank?

I’m not looking forward to auto-tax-deduction, BTW. So please keep the switch optional.