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Freetrade gives investors the chance to invest directly onto the German stock exchange

Trade German stocks on Freetrade

UK-based DIY trading platform Freetrade is set to let its users trade directly on the German stock exchange thanks to a new deal with Equiduct and the Chicago Board Options Exchange.

This means that more than 1 million Freetrade users will be able to invest in companies like Volkswagen, Adidas, and Puma directly, without the need for a third party.

This should make trading German stocks easier and cheaper for retail investors, something that the fintech company hopes will help it to stand out against its competition. Freetrade users will be able to buy and sell most German stocks with no added commission or charges, just foreign exchange fees.

Standard Freetrade users will be able to invest in a total of 40 stocks on the main index of the exchange, the DAX. Freetrade Plus users will have a wider variety of German shares to choose from, as they will have the ability to invest in stocks that are outside of the main index.

Founder and chief executive of Freetrade, Adam Dodds, described it as a “key step” in the company’s expansion plan for Europe “and beyond”.

Finnish stocks were made available on the platform at the end of 2021, with Swedish, Portuguese, and Austrian stocks coming to the platform in the near future.

Freetrade has performed well with the DIY investing boom

Freetrade experienced a remarkable 2021, reaching 1 million total users and surpassing £1 billion in assets under administration. Part of this growth can be attributed to the widely successful referral system, giving a free share worth up to £200 for those who use it.

Despite only launching in 2018, Freetrade are already challenging the likes of Hargreaves Lansdown, eToro, and AJ Bell YouInvest in affordability and accessibility. In fact, on my list of best UK trading platforms, Freetrade currently holds the title of “best trading platform for low-cost trading”.

Dodds explains that Freetrade’s ultimate goal is to “get everyone investing while keeping prices low”, a mission that the platform is certainly well on its way towards completing.

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