🇩🇪 Big news for German residents!

📰 What's new
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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.

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

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

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but not on Invest gains, dividends etc?

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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.

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

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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.

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I hope you will it do with great priority!!

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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

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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.

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

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

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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?

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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.

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

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

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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.

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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.

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I have a scenario: If I create an account now being resident in Germany under the FXFlat Bank GmbH, will be possible to migrate my securities from another german broker into it? and let’s say eventually later I move my residence to Spain, will I also be able to keep the same account and keep my securities?

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You can see which entity you’re registered under by opening the menu and scrolling to the bottom of the page:

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