Bankinter launches a new service to regularly purchase shares on its online broker
New features help customers plan out their investments and order shares in any security over a set period of time.
Bankinter is also running a promotional offer for new customers that is valid for three months and allows them to trade with any product or service on the broker with no fees up to a limit of 500 euros.
Bankinter has created a new service for its online broker customers to regularly purchase shares, adding to the offer of this pioneer stock investment system in Spain with over 100,000 customers.
Small-time investors can now plan their investments in a simple manner, setting a regular amount to purchase any security listed in the world’s major stock markets: IBEX 35, DOW JONES 30, NASDAQ 100, CAC40, DAX 30 and FTSE 100.
To access this service, customers only have to set an amount to regularly invest (between, at least, 250 and 20,000 euros), the time frame (which can be every month, quarter, six months or every year); the security in which they want to invest; and the market where it is quoted.
Orders must be ‘market on close’ (MOC) orders, to be executed at a price as close to the market close price as possible.
Fees to use this service are the same as for general trades carried out on the broker, with a set price to execute orders (which is expected to be the majority of trades done in the domestic market) of 3.95 euros for trades under 2,000 euros and 8 euros for trades higher than that amount and up to 60,000 euros. In international trading, the rate set by the bank is 20 euros for trades under 40,000 euros.
With this new option, Bankinter Broker aims to provide small investors with an affordable way to channel part of their savings to the equities market, taking advantage of long-term inertia, in a simple manner and under three key premises: profitability, planning and minimal risk.
There have been considerably more small investors trading stocks in recent months, searching to capitalise on new market opportunities in the current, highly volatile environment.
To raise interest and initiate retail customers in this type of investing, Bankinter Broker is running a new promotional offer (valid until 30 June) for new customers to trade without paying the bank fees for three months. This offer will come in the form of a bono bolsa (stock market voucher) from which the amount of Bankinter’s trading fee wil lbe discounted for any Broker product or service taken online or via mobile during that period and for up to 500 euros.