United Kingdom-based Freetrade, a commission-free trading platform , announced on Thursday that is now providing direct access to the German stock market, allowing its clients to trade German-listed stocks.
The platform, with 1.2 million retail UK clients, is claiming that it is the first investment company to provide direct access to European stock markets without offering investment access via CREST Depository Interest (CDI).
“The addition of European stocks to the platform is a key step for us as we begin our expansion into Europe and beyond,” Freetrade’s Founder and CEO, Adam Dodds said in a statement.
“Our mission is to get everyone investing while keeping prices low. Freetrade’s unique direct to market access and proprietary brokerage platform helps to unlock cost-savings that we can pass onto our customers through a simple and low-cost investment experience.”
With the latest addition, the platform now lists more than 6,000 stocks from the United Kingdom, the United States and European markets, along with several exchange-traded funds (ETFs).
More European Markets Access in Pipeline
Access to the German stock markets by the investment platform follows its addition of Finish stocks. Now, the company has plans to expand its offerings from the European markets and will open up markets from Austria, Belgium, Netherlands, Portugal and Sweden in the coming weeks.
“We support Freetrade in their quest to offer customers a pan-European investing experience and are delighted to welcome Freetrade as a participant of Cboe Europe, the largest pan-European stock exchange,” Natan Tiefenbrun, the Head of Equities at Cboe Europe, said.
Moreover, Freetrade has tapped EuroCCP as a clearing member.
Apart from providing access to European stocks, the platform is offering its services in multiple counties within the European Economic Area (EEA). Furthermore, the company raised solid funding in recent years and is now looking to double its valuation to £650 million.
