N26 Launches Low-Cost Stock Trading in Austria

N26 introduces affordable stock trading in Austria, offering low fees and fractional shares for accessible investment opportunities.

Home » N26 Launches Low-Cost Stock Trading in Austria

N26 introduces Stock Trading in Austria, enabling users to buy and sell stocks and ETFs via a mobile app. The new trading product has a low fixed fee of 0.90 EUR per trade, positioning it as a highly competitive option compared to other brokerages in the market. One standout feature of N26’s trading product is fractional share investing, enabling users to purchase partial shares with a minimum investment of just 1 EUR. This move aims to increase accessibility for individuals interested in investing smaller amounts in the stock market.

Valentin Stalf, the CEO at N26, highlighted the significance of the new offering, stating, “Following the launch of N26 Instant Savings and N26 Crypto, N26 Stocks and ETFs will give our customers the ability to manage all their finances within the N26 app.” The comprehensive approach allows users to spend, save, and invest seamlessly with competitive rates and no hidden fees.

At the initial launch, the trading product offers over 100 ETFs, and the neobank plans to expand its offerings to include more than 1,000 stocks and ETFs in the coming months, catering to customers in Germany and Austria. The expansion is anticipated to reach additional European markets in the near future.

N26 Launches Affordable Stock Trading in Austria

N26 also has plans to introduce free savings plans, enabling customers to set up recurring investments without incurring fees. This move marks a further expansion of the new bank’s product portfolio beyond traditional banking services, savings, and cryptocurrency offerings.

N26 customers become eligible for the trading product rollout in Austria, with expansion to Germany anticipated in the coming months. This announcement follows N26’s intention to broaden its financial services, as revealed in late November 2023, with preliminary results for the year indicating an anticipated revenue exceeding €300 million, showcasing a remarkable 30% year-over-year growth. Despite facing challenges, such as the divestment of its stake by Allianz SE subsidiary, N26 remains resilient in a changing fintech landscape.

The move into stock and ETF trading aligns N26 with other major challenger banks like Revolut and Starling Bank. This underscores the trend among fintech players to offer comprehensive financial solutions, including savings and investment options. The new bank’s expansion into this space mirrors recent moves by publicly traded fintech XTB, emphasizing the growing interest in passive investing and additional features like interest in idle funds within the industry.

Also, Stay Updated With Us For More News On Broker News.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertise with us

Subscribe to Newsletter

Brokers Reviews

XM is a global online broker that specializes in Forex and CFD trading. Headquartered in Cyprus, the company operates under the regulation of CySEC. It offers traders the opportunity to trade various financial instruments, including forex pairs, commodities, indices, and stocks.

eToro is a regulated online brokerage that offers trading of a wide range of trading instruments, including over 3,000 tradeable symbols, including CFDs, forex pairs, and exchange-traded securities, which can be traded through their eToro Investment Platform.

IC Markets is a licensed forex CFD broker, extending an opportunity for day traders, scalpers, and newcomers to engage in CFD trading. They furnish their clients with state-of-the-art trading platforms, high-speed connectivity with minimal delays, and exceptional liquidity.

Latest News