Through Gratisbroker, customers can trade stocks, ETFs, ETCs, funds, warrants, and certificates free of charge. The only requirement is an order volume of at least 500 euros per purchase. Munich startup was launched on the market in November 2019. According to the company, the Fintech already has thousands of customers. With more than six million unique users per month, Finanzen.net claims to be the largest financial portal in the German-speaking region. Jens Ohr, founder of Finanzen.net, says:
"We look forward to working with the Gratisbroker team, which has built a great platform over the past few years, which we now want to jointly expand into a leading offering. Customers can look forward to a number of further developments. For example, there will soon be an app, charts, and savings plans to make Gratisbroker even more interesting for users. The good news: Nothing will change regarding the well-known and successful zero-euro offering."
Free broker: “Business model has struck a nerve”
Freebroker founder Malte Rubruck says about the takeover of his startup by Finanzen.net:
"We've demonstrated that our business model works and has struck a chord. With a partner with a wide reach like Finanzen.net at our side, we can now develop even faster and thus win over even more customers."
