The German-based online broker flatexDEGIRO announced today (Wednesday) that it has surpassed 3 million customer accounts, marking an expansion of its retail trading platform across the continent. The company’s CEO also confirmed the upcoming launch of a cryptocurrency offering.

European Broker flatexDEGIRO Hits 3 Million Customer Milestone

The company headquartered in Frankfurt has more than tripled its customer base since 2020, adding 400,000 new accounts in the past 12 months alone. The growth cements flatexDEGIRO's position as one of Europe's largest retail brokers.

“Over the past few years, we have experienced remarkable growth in our customer base and I would like to thank our customers for their trust and support,” said Oliver Behrens, CEO of flatexDEGIRO.

Additionally, the company has confirmed the forthcoming introduction of cryptocurrency trading. Until now, the broker has focused on traditional investment products, primarily stocks and indices. However, increasing competition from firms like Revolut and Robinhood, which offer digital assets in Europe, has prompted flatexDEGIRO to expand its offerings to include cryptocurrencies .

“We will have a very attractive offering for our customers to trade cryptocurrencies on our platforms,” Behrens added.

The current CEO joined the company in October, succeeding interim Co-CEOs Benon Janos and Stephan Simmang, who had held the positions since May 1, 2024. Behrens brings extensive experience from his nine-year tenure as CEO of Morgan Stanley Europe. Janos and Simmang will continue in their respective roles as CFO and CTO.

Geographic Distribution

The Netherlands leads with nearly 900,000 customers through the company's DEGIRO brand, while Germany, where flatex pioneered its flat-fee model in 2006, hosts over 500,000 accounts.

Austria and Spain each maintain approximately 300,000 customers, with emerging markets like France, Italy, Portugal, and Switzerland showing robust growth.

The broker's customer assets have reached a record €66 billion, with monthly cash inflows averaging over €500 million. The platform processed approximately 60 million securities transactions in 2023.