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?
1 Like
You can see which entity you’re registered under by opening the menu and scrolling to the bottom of the page:
Portfolio transfers are not available for the German entity just yet, but we’re working on rolling the feature out in full to all of our clients and will let you know once we have an update.
Yes, this is possible currently, but we’ll let you know if something changes in the future 
1 Like
20 (6) sentence 5 of the German Income Tax Act (EStG) is no longer valid. There was a change in the tax law and this sentence was deleted. This means that there is no longer a restriction on loss offsetting for derivatives - we have been offsetting losses against profits from derivatives without restriction since this year.
Thanks for the information. Let’s say then if I open directly an account in Spain under trading 212 Markets Limited. Can I In this case transfer my securities from another German broker to it?
Does it mean losses from Derivatives could also be offset against Profits from Sales of Stocks ?
Thanks
Hi, very much looking forward to portfolio transfer for FxFlat as well. I hesitate to starting investing on T212 unless I know that transfer out possible. The debit card would be nice too!
Apologies for the late reply, @christianroll 
Yes, if you open an account under our European entity, you’ll be able to move your portfolio from another broker to us, as long as your current provider is part of the list of providers from which we can accept a transfer.
This is a follow-up question that we’ll be unable to answer as this falls under tax advisory services, which is something that we’re not allowed to offer. With that in mind, it’ll be best to contact a professional in the field.
Another update on our expansion in Germany. We’re reinforcing our presence in the heart of Europe’s fintech scene with a brand new office at Berlin’s iconic Pressehaus 
This new space will serve as a hub for our growing team, allowing us to strengthen our operations further, innovate and continue delivering exceptional service.
We look forward to what this new chapter may bring!
6 Likes
That‘s are very great news!!! 
WELCOME 
IN GERMANY
1 Like
Congratulations, every success.
1 Like
Hi,
Do you guys have any updates?
I am currently with Trading 212 Markets Limited and since I am a German tax resident I would like to switch to FXFlat as soon as possible so that I can handle my taxes more easily.
As you do not allow two accounts, I am very much looking forward to this feature. Thank you very much.
1 Like
Hello,
is it true that this feature will launch this year, someone said this on YouTube. German taxes are very complicated for us German residents and it would help us, if T212 pays automatically taxes on capital gains or dividends.
Is there a roughly time period when this feature will be launched?
Direct migration from T212 UK to FXFlat is still on our roadmap, but it’s a complex, partner-dependent project. While these processes take time, our commitment to making migration possible remains and we’ll provide an update as soon as timelines become clear. At this point in time, you have the option to close your account under our UK entity and open a new one under FXFlat.
Yes, we are working on bringing automatic tax deductions for German residents. The feature should be available within the next few months.
2 Likes
Great to hear that T212 is working on the migration process from the T212-UK to T212-DE!!
I will wait for the completion of the migration process!!
Also great to hear that T212 are working on the bringing of automatic tax deductions for German residents!!! It’s a very important feature!!!
3 Likes
Cool very nice.
I hope that when the update comes out, T212 will somehow be able to retroactively pay taxes. Will that be possible then? I started a few months ago and already got dividends
Hi,
This would be optional or autmatically applied based on a Germany residence address? I have postal address in Germany but i am tax resident in France, hence i dont want to have german tax automatically deducted. I only looked at non-DE broker in first place for that reason and avoid an administrative mess.
Thanks in advance for clarifying to me what is the intended feature
Hey there 
Just wanted to push the thread.
Are there any news or a roadmap for tax deductions?
Secondly, portfolio transfers are shown soon to come in the app for german licensed users fxflat bank. Is this still planned in 2025?
And is there also a list of available and known broker like in the other portfolio transfer thread?
Looking forward and thanks in advance
Any updates on when this feature will be implemented?
@23mana @Toxec Thanks for checking in! We understand many of you are eager for updates. We’re still working on the tax deductions, but there’s nothing concrete to share just yet. As for portfolio transfers for Trading 212 FXFlat clients, there’s no confirmed timeline at the moment, but we’ll keep you informed as soon as there’s progress.
1 Like