N26, the global digital banking platform, is revolutionizing the investment landscape with its new Stock and ETF trading product. This feature allows account holders in the UK and Europe to buy and sell stocks and ETFs directly within the N26 app at a transparent cost of 0.90 EUR per trade, without hidden fees.
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With a mission to democratize investing, N26 offers fractional investing, allowing users to invest in partial shares of popular European and US assets with as little as 1 EUR. The rollout begins on January 17, starting with ETF trading in Austria and expanding to include stocks and free savings plans in the German market in the coming months.
N26 aims to provide a holistic financial experience by extending beyond traditional banking services. The platform's competitive pricing structure of a fixed 0.90 EUR per trade offers users an accessible entry point to equity markets. The initial launch in Austria features over 100 ETFs, with orders starting at 1 EUR.
Valentin Stalf, CEO at N26, emphasizes the platform's commitment to simplicity, stating, “N26 Stocks and ETFs will give our customers the ability to manage all their finances within the N26 app. Our customers can spend, save and invest within one app at extremely competitive rates, with no hidden fees and an exceptional user experience.”
In the coming months, N26 plans to expand the range of tradable assets to over a thousand stocks and ETFs for customers in both Germany and Austria. Additionally, fee-free Savings Plans will be introduced, enabling customers to invest on a recurring basis.
Account holders can easily monitor their Stocks and ETFs portfolio alongside other financial accounts within the N26 app. The quick signup process and transparent fee structure ensure a seamless user experience, with users able to move funds effortlessly from their main account to the trading account for investment.
