UK based trading platform Freetrade has expanded into Europe.
In Brief:
It has launched in Sweden and plans to begin stock trading on the continent.
Swedish investors will be able to invest in local and international stocks and ETFs.
The product is currently in beta phase and won’t launch fully for several months.
What does this mean?
CEO Adam Dodds says that Freetrade has always been considered “a European company at heart” but its first expansion was actually into Australia last year. Now, the focus will be on expanding beyond Sweden to the Netherlands and Germany – where Dodds expects to see a lot of competition in the retail investing space.
