Freetrade Provides Direct Access to German Stock Market

United Kingdom-based Freetrade, a commission-free trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term 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.