Digital bank N26 announced recently that it has further strengthened its offer in 12 new markets with the launch of Stocks as well as ETFs trading.
With the rollout of N26 Stocks and ETFs, clients residing in Belgium, Denmark, Estonia, Finland, Greece, Latvia, Lithuania, Norway, Poland, Portugal, Slovakia, and Slovenia will be able to manage their investment portfolios directly within the N26 mobile banking app.
With its Stocks and ETFs trading product, N26 allows clients to invest in fractional shares of hundreds of European and US assets on global equity markets with as little “as 1 EUR.”
The product strengthens N26’s premium offering, with N26 Metal customers benefiting from “15 free trades per month,” and N26 You customers receiving 5 free trades per month. All other trades are “transparently” priced at 0.90 EUR per trade.
Together with N26 Accounts, N26 Stocks and ETFs will give customers the ability to go “beyond managing their day-to-day finances,” empowering them to build future wealth and financial well-being with “intuitive” tools directly within the N26 app.
The trading product aims to empower customers who have yet to explore the equity markets with “accessible tools” that can help them easily take their first steps in their “investing journey.”
Rolling out to eligible N26 account holders in the weeks ahead, N26’s trading product will enable clients to buy and sell shares of 500+ European and US stocks, and invest in ETFs.
The range of assets available to trade will expand to more than a thousand stocks and ETFs in the future.
With a “simple pricing structure” of a “fixed” 0.90 EUR per trade, customers in 12 Markets will be able to invest at one of the most competitive prices in the market, without “being charged commissions or custody fees.’
N26 customers with N26 You and N26 Metal memberships will also be able to benefit from free trades as part of their subscription.
N26 You customers will have “5 free transactions per month” included as part of their membership, while N26 Metal customers will get “15 free transactions per month.”
In addition, the digital bank is offering free Investment Plans to give all customers the means to “automate their investments” on a recurring basis and cultivate “healthy financial habits” as they progress on their investment journey.
N26 Stocks and ETFs will be made available progressively to eligible customers in these markets during the weeks ahead.
At the time of official launch, trading of 500+ stocks will be available to customers in Slovenia, while ETF trading will be made available to trade for customers in the market in “due course.”
Customers in all other markets will be able to trade stocks as was as exchange-traded-funds or ETFs at time of launch.
N26 is Europe’s digital bank with a “full” German banking license.
It provides mobile banking to customers in 24 markets across Europe. N26 processes more than 100 billion EUR in transactions a year and currently has a “1,500-strong team” of 80+ nationalities.
The firm maintains its head offices in Berlin, along with additional locations in different cities across Europe (such as Vienna, Paris, Milan and Barcelona).
Established by Valentin Stalf and Maximilian Tayenthal back in the year 2013, N26 has raised around $1.8 billion from various investors.