Online brokerage
This is the core trading business under the flatex and DEGIRO brands. It lets private investors open accounts, hold securities, and buy or sell stocks, ETFs, funds, bonds, and derivatives through an online platform.
Customers
Self-directed retail investors and active traders in Europe.
Revenue Model
It earns money from trading and transaction fees, account and custody charges where applicable, and related brokerage service income.
Banking and cash services
This part of the business handles customer cash balances, payment services, and the banking side of settlement for brokerage accounts, mainly through flatex's own banking operations.
Customers
Brokerage clients who keep cash in their accounts and use linked payment and settlement services.
Revenue Model
It makes money from net interest on client cash balances and from fees tied to account funding, settlement, and other banking services.