Freetrade Enters Netherlands, Ireland with Zero-Fee Services
- The platform has plans to tap other EEA markets in the coming months.
Commission-free brokerage Freetrade announced its expansion beyond its UK base into other European Union countries.
Per the press release shared with Finance Magnates, the stockbroker onboarded its first 100 early beta testers from two EU countries - the Netherlands and Ireland - under its new flagship brokerage platform, Invest by Freetrade.
The company has also received access requests from “tens of thousands” of clients from the two European countries, all of whom have been put on a waitlist.
Commenting on the development, Adam Dodds, founder and CEO of Freetrade, said: “We’re extremely proud to have brought commission-free trading to over 90,000 customers in the UK. Now it’s Europe’s turn.”
Disrupting the brokerage industry
Freetrade’s primary clients are millennials due to the platform’s strategy of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term its product without any trading fees. The company is following a business model similar to that of Revolut and Robinhood, which forced giants like TD Ameritrade, Charles Schwab, and Interactive Brokers to jump into the zero-fee arena.
“The EU is a market of over 100 million millennials. There’s a huge opportunity for us to get everyone investing on the continent with our low fees and state of the art technology. The fact that tens of thousands of investors in the EU have signed up to join our app also shows there is a big demand for our commission-free offering,” Dodds added.
After gaining a foothold in the UK market, Freetrade has already been making plans for an expansion in the other European countries since last year. As mentioned in the announcement, the brokerage will add more customers in batches as it expands its geographical reach to more countries in the European Economic Area (EEA) over the coming months.
Meanwhile, the company closed a $15 million Series A Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term last year, which was led by pan-European venture capital firm Draper Esprit.
Commission-free brokerage Freetrade announced its expansion beyond its UK base into other European Union countries.
Per the press release shared with Finance Magnates, the stockbroker onboarded its first 100 early beta testers from two EU countries - the Netherlands and Ireland - under its new flagship brokerage platform, Invest by Freetrade.
The company has also received access requests from “tens of thousands” of clients from the two European countries, all of whom have been put on a waitlist.
Commenting on the development, Adam Dodds, founder and CEO of Freetrade, said: “We’re extremely proud to have brought commission-free trading to over 90,000 customers in the UK. Now it’s Europe’s turn.”
Disrupting the brokerage industry
Freetrade’s primary clients are millennials due to the platform’s strategy of Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term its product without any trading fees. The company is following a business model similar to that of Revolut and Robinhood, which forced giants like TD Ameritrade, Charles Schwab, and Interactive Brokers to jump into the zero-fee arena.
“The EU is a market of over 100 million millennials. There’s a huge opportunity for us to get everyone investing on the continent with our low fees and state of the art technology. The fact that tens of thousands of investors in the EU have signed up to join our app also shows there is a big demand for our commission-free offering,” Dodds added.
After gaining a foothold in the UK market, Freetrade has already been making plans for an expansion in the other European countries since last year. As mentioned in the announcement, the brokerage will add more customers in batches as it expands its geographical reach to more countries in the European Economic Area (EEA) over the coming months.
Meanwhile, the company closed a $15 million Series A Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term last year, which was led by pan-European venture capital firm Draper Esprit.