# FLATEXDEGIRO N

Summary updated: 2026-10-04T15:29:55.821203Z
Canonical: https://finbar.com/research/companies/flatexdegiro-n

## Overview

flatexDEGIRO SE is a European financial-services group focused on online brokerage and investing, serving customers through the flatex, DEGIRO and ViTrade brands. Its platform supports long-term investing and active trading, with services including securities and ETF trading, savings plans, crypto trading and securities-backed lending. The company describes its strategic ambition as becoming Europe’s leading platform for building wealth. [1](https://app.finbar.com/go?id=P112002770)[2](https://app.finbar.com/go?id=P73991486)[3](https://app.finbar.com/go?id=P112606230)[4](https://app.finbar.com/go?id=P92980880)

The group operates in 16 European countries, with Germany the only market where all three brands are present. In FY2025, it reported revenue of €559.8 million and an average workforce of 1,210 employees; it had 3.5 million customer accounts at year-end. [2](https://app.finbar.com/go?id=P73991486)[5](https://app.finbar.com/go?id=P39617674)[6](https://app.finbar.com/go?id=T500244)
[1](https://app.finbar.com/go?id=P112002770)[2](https://app.finbar.com/go?id=P73991486)[3](https://app.finbar.com/go?id=P112606230)[4](https://app.finbar.com/go?id=P92980880)[5](https://app.finbar.com/go?id=P39617674)[6](https://app.finbar.com/go?id=T500244)[6](https://app.finbar.com/go?id=T500244)[6](https://app.finbar.com/go?id=T500244)

## Products & services

flatexDEGIRO offers retail and professional brokerage through the flatex, DEGIRO and ViTrade brands. Its products include shares, ETFs and funds, bonds, options and futures, as well as certificates and leveraged products; the instruments available depend on brand, country and customer eligibility. The Group provides access to more than 50 exchanges worldwide and OTC direct trading. [7](https://flatexdegiro.com/English/overview/default.aspx) [8](https://www.degiro.com/uk/products-and-markets)

Additional offerings include recurring ETF and fund savings plans, direct cryptocurrency trading and crypto ETNs. flatex also provides CFD trading through an interface featuring charting tools, a news ticker and real-time quotes. Availability and product terms vary across markets and platforms. [9](https://www.flatex.de/produkte-handel/produkte/sparplaene/) [10](https://www.flatex.de/produkte-handel/produkte/krypto/) [11](https://www.flatex.de/produkte-handel/produkte/krypto-etns/) [12](https://www.flatex.de/produkte-handel/produkte/cfd/)

Related services include securities-backed loans to customers, securities lending and term deposits. The company’s disclosures describe interest income from customer cash and lending-related activities, but do not provide revenue shares for individual investment products. [1](https://app.finbar.com/go?id=P112002770) [13](https://flatexdegiro.com/English/investor-relations/overview/default.aspx)
[1](https://app.finbar.com/go?id=P112002770)[7](https://flatexdegiro.com/English/overview/default.aspx)[8](https://www.degiro.com/uk/products-and-markets)[9](https://www.flatex.de/produkte-handel/produkte/sparplaene/)[10](https://www.flatex.de/produkte-handel/produkte/krypto/)[11](https://www.flatex.de/produkte-handel/produkte/krypto-etns/)[12](https://www.flatex.de/produkte-handel/produkte/cfd/)[13](https://flatexdegiro.com/English/investor-relations/overview/default.aspx)

## Geographic presence

flatexDEGIRO serves customers across 16 European countries. Its 2025 annual report identifies Germany and Austria for the flatex and ViTrade brands, while DEGIRO operates in 15 European countries; the listed markets are Spain, Portugal, France, Belgium, the Netherlands, Luxembourg, Switzerland, Italy, Sweden, Norway, Finland, Denmark, the United Kingdom, Ireland and Germany. [1](https://app.finbar.com/go?id=P112002770)[5](https://app.finbar.com/go?id=P39617674)[14](https://app.finbar.com/go?id=P35847380) The latest 2026 half-year report states that the group had 3.7 million customer accounts at 30 June 2026. [15](https://app.finbar.com/go?id=P156231909)

The group lists 12 company locations: nine in Germany—Berlin, Düsseldorf, Hamburg, Leverkusen, Neuss, Andernach, Frankfurt, Kulmbach and Zwickau—and one each in Amsterdam, Graz and Sofia. Frankfurt am Main is the group’s headquarters and registered seat. [16](https://app.finbar.com/go?id=P21987443)[17](https://app.finbar.com/go?id=P156232127) The 2025 annual report gives an average group workforce of 1,210, but does not report employee distribution by country or location. [18](https://app.finbar.com/go?id=P57375316)

The available reporting does not disclose revenue by country or region; the 2026 half-year report presents segments by flatex and DEGIRO rather than geography. [19](https://app.finbar.com/go?id=P156232460)[20](https://app.finbar.com/go?id=T18024069)
[1](https://app.finbar.com/go?id=P112002770)[5](https://app.finbar.com/go?id=P39617674)[14](https://app.finbar.com/go?id=P35847380)[15](https://app.finbar.com/go?id=P156231909)[16](https://app.finbar.com/go?id=P21987443)[17](https://app.finbar.com/go?id=P156232127)[18](https://app.finbar.com/go?id=P57375316)[19](https://app.finbar.com/go?id=P156232460)[20](https://app.finbar.com/go?id=T18024069)

## Business segments

flatexDEGIRO reports two operating segments: **flatex** and **DEGIRO**. The flatex segment covers online brokerage under the flatex brand, including ViTrade, business process outsourcing (BPO), and the portion of Credit & Treasury assigned to flatex; its brokerage operations are focused principally on Germany and Austria. [21](https://app.finbar.com/go?id=P62850006)[22](https://app.finbar.com/go?id=P85783810)[23](https://app.finbar.com/go?id=P59393886)[24](https://app.finbar.com/go?id=P46804278)[25](https://app.finbar.com/go?id=P38904934) The DEGIRO segment comprises online brokerage under the DEGIRO brand and its allocated Credit & Treasury activities, including investment and generally secured conservative lending; it operates across 15 European markets. [21](https://app.finbar.com/go?id=P62850006)[26](https://app.finbar.com/go?id=P81842628)[27](https://app.finbar.com/go?id=P62036718)[28](https://app.finbar.com/go?id=P3713731)

The reviewed reports do not provide a segment revenue percentage split. As an activity-based proxy only, the 2025 transaction counts—30.5 million for flatex and 44.9 million for DEGIRO—represent approximately 40% and 60% of the combined total, respectively; these are not revenue shares. [29](https://app.finbar.com/go?id=P4019147)[30](https://app.finbar.com/go?id=P46507712)
[21](https://app.finbar.com/go?id=P62850006)[22](https://app.finbar.com/go?id=P85783810)[23](https://app.finbar.com/go?id=P59393886)[24](https://app.finbar.com/go?id=P46804278)[25](https://app.finbar.com/go?id=P38904934)[26](https://app.finbar.com/go?id=P81842628)[27](https://app.finbar.com/go?id=P62036718)[28](https://app.finbar.com/go?id=P3713731)[29](https://app.finbar.com/go?id=P4019147)[30](https://app.finbar.com/go?id=P46507712)

## Company history

Bernd Förtsch founded a predecessor of flatexDEGIRO in 1999. The flatex brokerage brand launched in Germany in 2006 with a flat-fee model; DEGIRO began as an institutional broker in 2008 and entered retail brokerage in the Netherlands in 2013. flatex went public in 2009. [31](https://flatexdegiro.com/English/company/supervisory-board/default.aspx)[32](https://flatexdegiro.com/English/company/about-us/default.aspx)[33](https://www.degiro.com/uk/helpdesk/about-degiro/history-degiro/who-degiro)[34](https://flatexdegiro.com/investor-relations/share/default.aspx)

flatex acquired XCOM in 2015, adding technology and banking capabilities, and XCOM was merged into flatex AG in 2017. In 2019, FinTech Group Bank AG was renamed flatex Bank AG and the group adopted the flatex name; that December, flatex acquired an initial 9.44% stake in DEGIRO. [35](https://flatexdegiro.com/German/company/about-us/default.aspx)[36](https://app.finbar.com/go?id=P95875610)[37](https://app.finbar.com/go?id=P93801294)[38](https://app.finbar.com/go?id=P57426740)[39](https://app.finbar.com/go?id=P107642861)

In July 2020, flatex acquired DEGIRO in full, combining the businesses under the flatexDEGIRO name; the group also moved to the Frankfurt Stock Exchange Prime Standard. The flatex next platform launched in Germany in late 2020, expanded to Austria in 2023, and was followed by a desktop application that year. [40](https://app.finbar.com/go?id=P113038353)[35](https://flatexdegiro.com/German/company/about-us/default.aspx)[41](https://app.finbar.com/go?id=P79748174)

In 2024, Frank Niehage resigned as CEO, with Benon Janos and Stephan Simmang serving as interim Co-CEOs. Oliver Behrens became CEO and Management Board Chairman on 1 October, and Janos became Deputy CEO. [42](https://app.finbar.com/go?id=P73296840)
[36](https://app.finbar.com/go?id=P95875610)[37](https://app.finbar.com/go?id=P93801294)[38](https://app.finbar.com/go?id=P57426740)[39](https://app.finbar.com/go?id=P107642861)[40](https://app.finbar.com/go?id=P113038353)[41](https://app.finbar.com/go?id=P79748174)[42](https://app.finbar.com/go?id=P73296840)[31](https://flatexdegiro.com/English/company/supervisory-board/default.aspx)[32](https://flatexdegiro.com/English/company/about-us/default.aspx)[33](https://www.degiro.com/uk/helpdesk/about-degiro/history-degiro/who-degiro)[34](https://flatexdegiro.com/investor-relations/share/default.aspx)[35](https://flatexdegiro.com/German/company/about-us/default.aspx)

## Sources

1. [FLATEXDEGIRO N — Full financial report (2025 Y), p43](https://app.finbar.com/go?id=P112002770)
2. [FLATEXDEGIRO N — Full financial report (2025 Y), p41](https://app.finbar.com/go?id=P73991486)
3. [FLATEXDEGIRO N — Full financial report (2025 Y), p42](https://app.finbar.com/go?id=P112606230)
4. [FLATEXDEGIRO N — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P92980880)
5. [FLATEXDEGIRO N — Full financial report (2025 Y), p41](https://app.finbar.com/go?id=P39617674)
6. [FLATEXDEGIRO N — Full financial report (2025 Y), p6](https://app.finbar.com/go?id=T500244)
7. [flatexdegiro.com](https://flatexdegiro.com/English/overview/default.aspx)
8. [www.degiro.com](https://www.degiro.com/uk/products-and-markets)
9. [www.flatex.de](https://www.flatex.de/produkte-handel/produkte/sparplaene/)
10. [www.flatex.de](https://www.flatex.de/produkte-handel/produkte/krypto/)
11. [www.flatex.de](https://www.flatex.de/produkte-handel/produkte/krypto-etns/)
12. [www.flatex.de](https://www.flatex.de/produkte-handel/produkte/cfd/)
13. [flatexdegiro.com](https://flatexdegiro.com/English/investor-relations/overview/default.aspx)
14. [FLATEXDEGIRO N — Full financial report (2025 Y), p41](https://app.finbar.com/go?id=P35847380)
15. [FLATEXDEGIRO N — Full financial report (2026 H 1), p4](https://app.finbar.com/go?id=P156231909)
16. [FLATEXDEGIRO N — Full financial report (2025 Y), p37](https://app.finbar.com/go?id=P21987443)
17. [FLATEXDEGIRO N — Full financial report (2026 H 1), p34](https://app.finbar.com/go?id=P156232127)
18. [FLATEXDEGIRO N — Full financial report (2025 Y), p37](https://app.finbar.com/go?id=P57375316)
19. [FLATEXDEGIRO N — Full financial report (2026 H 1), p66](https://app.finbar.com/go?id=P156232460)
20. [FLATEXDEGIRO N — Full financial report (2026 H 1), p66](https://app.finbar.com/go?id=T18024069)
21. [FLATEXDEGIRO N — Full financial report (2025 Y), p162](https://app.finbar.com/go?id=P62850006)
22. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P85783810)
23. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P59393886)
24. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P46804278)
25. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P38904934)
26. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P81842628)
27. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P62036718)
28. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P3713731)
29. [FLATEXDEGIRO N — Full financial report (2025 Y), p53](https://app.finbar.com/go?id=P4019147)
30. [FLATEXDEGIRO N — Full financial report (2025 Y), p55](https://app.finbar.com/go?id=P46507712)
31. [flatexdegiro.com](https://flatexdegiro.com/English/company/supervisory-board/default.aspx)
32. [flatexdegiro.com](https://flatexdegiro.com/English/company/about-us/default.aspx)
33. [www.degiro.com](https://www.degiro.com/uk/helpdesk/about-degiro/history-degiro/who-degiro)
34. [flatexdegiro.com](https://flatexdegiro.com/investor-relations/share/default.aspx)
35. [flatexdegiro.com](https://flatexdegiro.com/German/company/about-us/default.aspx)
36. [FLATEXDEGIRO N — Full financial report (2019 Y), p50](https://app.finbar.com/go?id=P95875610)
37. [FLATEXDEGIRO N — Full financial report (2019 Y), p14](https://app.finbar.com/go?id=P93801294)
38. [FLATEXDEGIRO N — Full financial report (2019 Y), p9](https://app.finbar.com/go?id=P57426740)
39. [FLATEXDEGIRO N — Full financial report (2020 Y), p21](https://app.finbar.com/go?id=P107642861)
40. [FLATEXDEGIRO N — Full financial report (2020 H 1), p10](https://app.finbar.com/go?id=P113038353)
41. [FLATEXDEGIRO N — Full financial report (2023 Y), p48](https://app.finbar.com/go?id=P79748174)
42. [FLATEXDEGIRO N — Full financial report (2024 Y), p25](https://app.finbar.com/go?id=P73296840)

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