Digital bank N26 continues its expansion plans in the Spanish market with the launch of its broker, which will allow you to buy and sell shares and ETFs from one euro without administration or custody fees. It thus enters into full competition with other entities online and platforms that have found the path to growth in the investment segment.
N26 Stocks and ETFsThis is what its brokerage service is called, completes the bank’s offering, which includes savings accounts, personal and shared bank accounts and a cryptocurrency wallet. “The new platform aims to bring the world of investment closer to millions of users who have not yet explored the purchase and sale of stocks and other financial assets such as ETFs, thanks to the security, transparency and simplicity that N26 offers,” the bank said in a note.
The broker will allow its clients to buy and sell shares of more than 800 international companies and invest in global ETFs, including exchange-traded funds from iShares (BlackRock’s passive management company), Amundi, VanEck, SPDR, Vanguard, BNP Paribas and Xtrackers (DWS), a range that will expand to more than 1,000 in the coming months.
The cost will be 0.90 euros per transaction, but those who have accounts prime They will be able to benefit from free monthly operations: N26 Your customers will benefit from five free purchase and sale transactions per month while N26 Metal customers will benefit from 15 transactions without additional fees.
“With this new launch, we further expand our product portfolio to offer our customers in Spain, both for those who are traders “N26 is a leading provider of financial services for both experts and beginners in the world of investing, one of the most attractive brokers on the market. N26 users can now spend, save and invest within their bank’s app, with no fees and a simple, transparent and intuitive user experience,” says Valentin Stalf, Founder and CEO of N26, a licensed German bank that processes over 100 billion euros in transactions per year.
