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N26 Eliminates All Fees for Stock and ETF Trading

The Berlin-based neobank aims to expand its customer base and challenge competitors by offering commission-free trading across Europe.

  • N26 will no longer charge fees for stock and ETF trading, including transaction fees, currency conversion costs, account maintenance fees, and inactivity fees.
  • The move is part of N26's strategy to compete with rivals like Trade Republic and Revolut, which have also introduced attractive investment options.
  • This initiative follows the end of a regulatory growth restriction imposed by Germany’s BaFin due to concerns over rapid expansion and inadequate anti-money laundering measures.
  • N26 co-founder Maximilian Tayenthal emphasized the platform's simplicity and the goal of encouraging more Europeans to invest in the stock market.
  • The neobank continues to generate revenue through credit card fees, premium account subscriptions, overdraft interest, and investments of customer deposits.
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