DEGIRO breaks 200,000 client mark

DEGIRO breaks 200,000 client mark

DEGIRO reports record number of trades (10,383,312) and clients (208,000)

– DEGIRO profitable on record revenues-

DEGIRO continues to grow quickly, despite the current period of low volatility on global stock markets. Compared to this period last year, the total number of accounts increased by 62% to 208,267. Revenue increased to almost €29 million (+65%) for the first 9 months of 2017The number of transactions has surpassed 10 million (+ 55%) this year.

In Q3, DEGIRO processed 3,474,591 transactions and 22,474 thousand new accounts were opened. DEGIRO has recorded a net profit in all three of the quarters in 2017.

Focus on cost and quality

By combining technology with a deep knowledge of finance, DEGIRO offers cutting-edge and cost-efficient financial services for everyone. Gijs Nagel (CCO DEGIRO): “Being able to provide a best in class product as well as the lowest costs in the industry is an unusual combination. We believe this can be possible by building the most efficient platform and taking advantage of economies of scale. DEGIRO has the most efficient structure in the industry which saves on costs for every transaction. These savings are returned to clients in the form of fees that are on average 80% lower. Planned geographic expansion will boost growth, enabling us to increase investment into our product and services. A good example is our new app, which already has one of the highest industry ratings for a mobile platform.

Geographic expansion and bank licence

In 2018 DEGIRO will broaden its product offering. Additionally geographic expansion is planned into the Asia-Pacific region after which the Group will aim to build a global presence. With great interest we follow news of the Dutch government’s desire to encourage and support fintech companies to apply for a banking license. DEGIRO has started an analysis to determine if this is a good opportunity.

About DEGIRO

DEGIRO, active in 18 countries, is the largest online broker in the Netherlands and a top 10 broker in Europe. The platform processes over 40 billion euro in transactions a year on stock exchanges worldwide and serves more than 200,000 investors. DEGIRO is under behavioural supervision by the Dutch AFM (Authority for Financial Markets) and prudential supervision of the Dutch Central Bank.

Mission: DEGIRO seeks to add value by offering affordable, custom made financial planning to investors worldwide.

Vision: By combining technology and financial know-how, DEGIRO creates cutting-edge and cost-efficient financial services for everyone.

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