flatexDEGIRO

What flatexDEGIRO does

flatexDEGIRO operates as a publicly listed pan-European online brokerage group headquartered in Frankfurt, Germany, serving over 3.5 million retail and professional trading customers across 16 European countries. The group runs three distinct brokerage brands — flatex (Germany/Austria, 850,000+ retail investors), DEGIRO (15 European countries, 2.6 million+ customers with the largest bases in the Netherlands and Spain), and ViTrade (professional traders) — all backed by proprietary IT infrastructure hosted in ISO-certified data centers within the EU. Trading services are processed through the wholly-owned regulated German banking subsidiary flatexDEGIRO Bank SE, supervised by BaFin with statutory deposit protection up to €100,000 per customer.

The platform provides access to more than 50 exchanges worldwide plus OTC direct trading, processing over 75 million transactions annually with assets under custody exceeding €95 billion and €2.3 trillion in cumulative trade value since 2006. Revenue is generated primarily through transaction-based commissions using a flat-fee-per-trade model that the company pioneered in Germany, supplemented by net interest income from an expanding margin loan book, securities lending, and customer deposits. Additional revenue streams include crypto trading, term deposits, and Business Process Outsourcing services such as the deposit platform implemented for Hamburg Commercial Bank.

The company is led by CEO Oliver Behrens (appointed October 2024, previously Morgan Stanley, Deka-Bank, and Deutsche Bank), CFO/Deputy CEO Dr. Benon Janos, CHRO Christiane Strubel, COO Jens Möbitz, and CRO Evgeni Kaplun. flatexDEGIRO has been listed on the Frankfurt Stock Exchange since 2009 (ticker FTK) and was upgraded to the MDAX mid-cap index in 2025. Recent strategic positioning includes a 2026 partnership with Boerse Stuttgart's Seturion platform and Societe Generale for blockchain-based pan-European securities settlement under the EU's DLT Pilot Regime, alongside product expansion into crypto trading and securities lending.

Name

flatexDEGIRO

Legal name

flatexDEGIRO SE

Website

https://flatexdegiro.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

flatexDEGIRO is a publicly listed pan-European online brokerage group serving over 3.5 million retail and professional trading customers across 16 countries via flatex, DEGIRO, and ViTrade platforms, processing 75+ million transactions annually with over €95 billion in assets under custody.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232), Depository Credit Intermediation (5221)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

Keywords

• Retail brokerage services
• Online securities trading
• Investment platforms
• Financial custody services
• Discount brokerage

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Commission Income: Transaction-based revenue from executing trades across three brokerage platforms. The company pioneered flat execution fees charging per trade rather than based on order value.
2. Net Interest Income: Interest income from expanded securities lending, margin loan book growth, and customer deposits. Higher interest income driven by expanded margin loan book and customer deposits.
3. Crypto Trading: Roll-out of crypto trading services to expand product portfolio
4. Term Deposits: Banking products including term deposits for cross-selling to customer base
5. Business Process Outsourcing: BPO activities including deposit platform implementation for Hamburg Commercial Bank (HCOB)

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

flatexDEGIRO operates as a pan-European online broker providing paperless securities transactions and execution-only brokerage services through three proprietary platforms — flatex (Germany/Austria), DEGIRO (15 European countries), and ViTrade (professional traders). Customers access stocks, ETFs, funds, exchange traded products, savings plans, crypto, securities lending, and term deposits across more than 50 global exchanges. Custody and processing are handled by BaFin-regulated subsidiary flatexDEGIRO Bank SE.

Product overview

flatexDEGIRO operates as a pan-European online broker serving retail investors across 16 countries through three distinct brokerage platforms: flatex (serving Germany and Austria with 850,000+ customers), DEGIRO (serving 15 European countries with 2.6 million+ customers), and ViTrade (catering to professional traders). The company processes over 75 million transactions annually with assets under custody exceeding €95 billion. Services include stocks, ETFs, Crypto, Funds, Exchange Traded Products, savings plans, securities lending, and term deposits. Processing is handled by flatexDEGIRO Bank SE, a fully regulated German institution supervised by BaFin.

Differentiator

Problem solved

Functional benefit

Brands

• flatex: Brokerage platform serving over 850,000 retail investors in Germany and Austria; established in 2006 as first independent online broker with flat execution fees
• DEGIRO
• ViTrade

Products and services

• flatex Online brokerage platform serving over 850,000 retail investors in Germany and Austria, offering flat-fee trading access to major global exchanges with paperless account opening.
• DEGIRO Online brokerage platform available in 15 European countries with over 2.6 million retail investors, with largest customer bases in the Netherlands and Spain, followed by France.
• ViTrade Online brokerage platform for professional traders offering individual settings, customization, and the highest level of customer support, built by traders for traders.
• Crypto Trading Crypto trading service rolled out to expand the product portfolio for retail customers across the group's brokerage platforms.
• Term Deposits Banking product offering term deposits, cross-sold to the existing brokerage customer base via flatexDEGIRO Bank SE.
• Securities Lending Securities lending service generating interest income from lending out customer securities, expanded in 2026 alongside the margin lending book.
• Business Process Outsourcing (BPO) for Banks BPO services including deposit platform implementation for institutional banking clients such as Hamburg Commercial Bank (HCOB), leveraging the group's regulated banking infrastructure.

Quantifiable outcome

• Record-breaking Q1 2026 with 19% year-over-year revenue growth and net income surpassing €50 million for the first time in a single quarter
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Boerse Stuttgart Group (Seturion)coreStrategic or Co-development Partner · 21 May 2026Boerse Stuttgart's digital settlement platform Seturion partnered with flatexDEGIRO, Societe Generale, and SG-FORGE to build a pan-European blockchain-based infrastructure for securities settlement. The unified framework will reduce transaction costs for flatexDEGIRO's 3.5 million retail brokerage clients across 16 countries, with tokenized structured securities being the first asset class to launch on the network. Seturion has applied for a DLT settlement system license under the EU's DLT Pilot Regime to support pan-European settlement.
• Societe Generale / SG-FORGEcoreStrategic or Co-development Partner · 21 May 2026Societe Generale partnered with Boerse Stuttgart's Seturion platform and flatexDEGIRO to issue tokenized structured securities on the blockchain settlement network. SG-FORGE will settle transactions using its EURCV and USDCV stablecoins. This initiative represents the first major European bank-owned issuer operating under the EU's Markets in Crypto-Assets (MiCA) framework.
• Hamburg Commercial Bank (HCOB)minorStrategic or Co-development Partner · 4 March 2026flatexDEGIRO implemented a comprehensive deposit platform for Hamburg Commercial Bank as part of Business Process Outsourcing activities.
• Female FinanceminorGTM or Marketing PartnerPartnership initiative to encourage and support women in actively engaging with their finances through targeted financial education offers.
• LINDAminorGTM or Marketing PartnerPartnership with LINDA organization to provide strong impetus to make financial topics accessible and understandable for women.
• The Next WomenminorGTM or Marketing PartnerPartnership to support female entrepreneurs and investors through financial education initiatives.
• Dutchess CapitalminorGTM or Marketing PartnerPartnership to promote financial literacy and investment opportunities for women investors.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Interactive Brokers: Global electronic broker serving active retail and professional traders with multi-asset access across 150+ markets. Closely comparable on the professional/prop-trader side (where ViTrade competes) and on pan-European institutional-grade execution.
• Lynx Broker: European arm of Interactive Brokers targeting active retail and professional traders. Competes with ViTrade on professional-grade tools while serving a customer profile adjacent to flatexDEGIRO's more active retail users.
• Trade Republic: Berlin-based retail broker with a mobile-first, flat-fee model that competes head-to-head with flatex in Germany and Austria. Same execution-only, low-cost positioning and growing crypto offering make it the closest direct competitor in the home market.
• eToro: Multi-asset retail platform with social/copy-trading and broad crypto coverage across Europe. Overlaps with flatexDEGIRO on retail execution, ETFs and the recently launched crypto offering, and competes for the same digital-native retail segment.
• Scalable Capital: Munich-headquartered European online broker with broker and neo-bank tiers, offering flat-fee and prime-broker pricing models. Competes directly with both flatex and DEGIRO across DACH and broader EU markets on pricing and product breadth.

Broad incumbents

• Saxo Bank: Danish-headquartered online broker offering multi-asset trading, custody and white-label B2B platform services across Europe. Comparable as a larger incumbent in the same execution-only-plus-investment-tools category and as a BPO/wholesale platform peer.

Regional players

• DKB (Deutsche Kreditbank) Broker: Direct-bank brokerage arm serving German retail savers with securities trading on top of a checking account. Comparable as a German direct-bank competitor for the same execution-only retail segment flatex targets in DACH.
• Comdirect / Commerzbank brokerage: German bank-owned online brokerage competing with flatex on the domestic DACH retail segment. Same geography and customer base, but distributed through an incumbent-bank channel rather than a pure-play online broker model.

Others

• DEGIRO (pre-acquisition context): Although now a wholly-owned subsidiary, DEGIRO's pre-2020 positioning as a low-cost pan-European retail broker frames the direct peer set flatexDEGIRO is consolidating. Useful as a strategic benchmark for international low-cost brokerage economics.
• Boerse Stuttgart (incl. Seturion): Operator of the Seturion blockchain settlement platform under flatexDEGIRO's DLT pilot partnership. Listed here as an ecosystem/infrastructure peer rather than a competitor, shaping the tokenized-securities rails flatexDEGIRO connects to.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/flatexdegiro
• LinkedInde.linkedin.com/company/flatexdegiro-ag
• Instagraminstagram.com/lifeatflatexdegiro/?hl=en

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about flatexDEGIRO