Trading 212, a retail trading platform, has opened a new office in the German capital, Berlin, months after it began onboarding clients in the country.
The company highlighted that “this new space will serve as a hub for our growing team, allowing us to strengthen our operations further, innovate and continue delivering exceptional service.”
Trading 212’s German Ambition
The London-headquartered company cemented its presence in the German market by acquiring local brokerage platform FXFlat in 2024. The parent company is now onboarding new German clients under the Trading 212 brand with FXFlat’s local licence, but existing FXFlat clients are still using it under the FXFlat brand.
Trading 212, established in Bulgaria in 2004 as Avus Capital and incorporated in the UK in 2013, primarily focuses on the UK and the European Union. Outside its German operations, it operates through multiple entities: one in the UK and two in Cyprus and Bulgaria.
The group also incorporated a separate entity in Cyprus and obtained a crypto licence. However, its plans for crypto offerings have yet to be revealed.
Moving Away from CFDs
The broker made its name offering contracts for differences (CFDs); however, it now focuses on stockbroking services. “While operating both a stockbroking, tax-efficient cash savings and CFD platform, T212’s growth strategy remains focused on the stockbroking and cash savings part of the business, and growing the value of client money and client asset balances under administration,” an earlier Companies House filing in the UK by Trading 212 revealed.
FinanceMagnates.com reported that the UK unit of Trading 212’s advertising and marketing expenses more than doubled in 2024, surpassing £39.5 million. However, the spending benefited the company, as its revenue jumped 55.3 per cent to £161.7 million.
Meanwhile, several other brokers are also opening new offices to support their expanding operations. ATFX recently opened a new office space in South Africa, while CFI cemented its presence in Azerbaijan with a new Baku office. Most other brokers and trading industry service providers, however, are focusing on establishing a presence in the UAE.
