By Aisling Finn on Monday 9 November 2020
A foray into Sweden marks the company’s first international launch.
Commission-free investment platform Freetrade plans to enter its first European market, launching in Sweden as soon as it gains approval from the regulator.
The investment app has only been available in the UK up until now and also plans on opening its European headquarters in Stockholm.
Over the last year, Freetrade has expanded its UK customer base fivefold, up to more than 250,000 customers, and trading volumes have increased to over £1bn.
Adam Dodds, CEO and founder of Freetrade, said: “We’re thrilled to announce our plans to open our European headquarters in Stockholm. This is a major step on our mission to bring commission-free investing to everyone in Europe.
“Sweden has given rise to some of the most impressive tech companies in Europe and there is a vibrant and deep talent pool that we are excited to tap.”
Just over a month ago, the investment platform also launched its long-awaited Plus subscription that introduced new trading features such as limit orders and stop losses.
UPDATE 09-11-2020 - An earlier version of this article misstated when Freetrade's Swedish launch would be.