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:
No order execution fees No external settlement fees No account fees Access to shares and ETFs listed on the biggest global exchanges such as Xetra, NASDAQ, and NYSE.
Key benefits:
Up to €100,000 money protection by the EdB Up to €20,000 money protection by the EdW Local regulation by BaFin applies
Get the Trading 212 app now and start building wealth every day!
FAQ:
I am already a client of Trading 212. Can I switch my account to the German broker? 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.
Are there differences in features between Trading 212 Markets and FXFlat Bank? 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.
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.
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.
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.
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,
Hey there, truly excited about the integration.
I have a few clarifications:
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?
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?
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?
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.