German online bank N26 has launched the long-anticipated Stock and ETF trading product that will allow its customers to buy and sell stocks and ETFs in-app for 0.90 EUR per trade.

N26 has started the gradual rollout of a new investment product to eligible customers in Austria. The early version offers only ETF trading. The offer will be expanded to the German market in the coming months and ultimately include stocks and free savings plans.

The company notes that although Stocks & ETF trading is already available to personal banking customers in Austria, not all customers may be eligible to access the product due to various factors that may include nationality, tax residency and security criteria.

The fintech challenger first shared its plans to launch an additional investment product in partnership with German fintech Upvest while reporting on the fiscal year results in November 2023.

To make investing accessible to the majority of customers, N26 will offer fractional investing, allowing account holders to invest in partial shares of popular European and US assets on the global equity markets. The trading price is set at 0.90 EUR per trade without additional charges. N26 also plans to introduce free trades with its premium memberships shortly.

Currently, the available investing service offers fractional investing in more than 100 ETFs, with orders starting from 1 EUR. The range of trading assets will be expanded to over a thousand stocks and ETFs in the coming months in both Germany and Austria. Further availability in additional markets is also in the corporate plans.

In the coming months, customers will also be able to make automated deposits and invest repeatedly with fee-free Savings Plans.

The addition of a new feature to the suite of available services was partly inspired by the successful introduction of N26 Crypto in 2022 and the recent launch of new Instant Savings Accounts.?According to the bank team, “With financial independence increasingly front-of-mind for all customers, a growing number of Europeans aspire to proactively build their wealth.” ?Therefore, they are seeking new financial tools beyond the basic functions of digital bank accounts.