German digital bank N26 is expanding its offerings with the introduction of in-app stock and ETF trading features.
The new product, developed in collaboration with Upvest, will enable all account holders to buy and sell stocks and ETFs for a fee of 0.90 EUR per trade. Additionally, N26 will offer fractional investing, allowing users to invest in partial shares of some of the most popular European and US assets in the global equity markets, with a minimum investment of just 1 EUR.
The share trading feature will be gradually rolled out starting today to eligible customers in Austria, providing access to fractional investing in over 100 ETFs. N26 plans to broaden the range of tradable assets to include more than a thousand stocks and ETFs in the coming months, initially for customers in Germany and Austria, with plans for further expansion into additional markets.
Valentin Stalf, CEO of N26, stated: “Following the launch of N26 Instant Savings and N26 Crypto, N26 Stocks and ETFs will empower our customers to manage all their finances within the N26 app. Our customers can spend, save, and invest within one app at extremely competitive rates, with no hidden fees and an exceptional user experience.”
In its pursuit of monthly profitability this year, the digital bank is diversifying its product range after stepping back from costly ventures in the US, UK, and Brazilian markets to focus more on continental Europe.