Freetrade takes tentative first steps into Europe

By Oliver Smith on Friday 24 January 2020

Savings and Investment

The challenger broker already has "tens of thousands" of EU customers on its waiting list.

Freetrade takes tentative first steps into Europe
Image source: Adam Dodds, Viktor Nebehaj and Ian Fuller.

Customers in the Netherlands and Ireland who are on the waiting list for fee-free share trading platform Freetrade will this week start to be onboarded.

The move is the first tentative step towards European expansion for the service, which has to-date remained exclusively available in the UK.

“We’re extremely proud to have brought commission-free trading to over 90,000 customers in the UK,” said Adam Dodds, Freetrade CEO and Founder. “Now it’s Europe’s turn.”

Freetrade has long had international expansion on its agenda and, after building its own in-house brokerage platform before Christmas, the startup now looks set to grow.

“The EU is a market of over 100 million millennials,” said Dodds, a listmaker of the 2019 AltFi Powerlist 50. “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 CEO said “tens of thousands” of customers in the EU have already signed up to Freetrade’s waiting list, and that the app would begin launching where demand was greatest.

For now, customers are being added in batches and Freetrade says its geographic reach will expand across the European Economic Area over the coming months.

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