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Bankinter launches Broker 0, a new service for trading Spanish shares at zero cost | Bankinter Corporate Website
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Bankinter launches Broker 0, a new service for trading Spanish shares at zero cost

To access "broker 0", customers must make available to the Bank the securities deposited in their accounts, for securities lending.

Customers will have 100% of their securities available at all times, so regardless of whether these are on loan or not, customers will be able to buy and sell without any type of restriction.

Bankinter Broker has launched a new stock trading service that will allow customers to trade in the Spanish market at zero cost. It will apply both to the Bank's commission and to the fee and brokerage of all trades, thanks to the introduction of Equiduct as a new trading market, with the exception of those specific cases (availability, liquidity, type of instrument such as ETFs or SICAVs) where the order must go through BME.

 

To access "broker 0", customers must first subscribe a securities lending service, to make available to the Bank all the securities in their securities accounts, which Bankinter may use for this purpose at any time.

 

In addition to zero cost for all stock market trading, the subscription to this service will give customers free-of-charge and advance access to all the training content launched from the Broker Academy, as well as free access to the Graphic Broker tool, with real-time information on the main actions from CBOE.

 

Customers may unsubscribe from the service at any time and return to trading under the standard conditions of Bankinter Broker. Following the customer's instructions, the Bank would immediately cancel the loan to close the service. Any new registrations would only be possible after three months.

 

With the broker's functionalities, customers will be able to  consult the current status of their securities on the main screen, and also receive specific information from the Bank each time a loan is created with their shares.

 

As regards dividends from their securities, these will not be affected at all: whether or not their securities are on loan, the customer will receive the respective amount in their current account, with the same tax characteristics and on the collection date as the ordinary dividend in the event that their securities are on loan.

 

Securities lending is established with Bankinter. However, in order to increase the transaction's security, Bankinter will use a system of maximum guarantees for hedging and only through authorised intermediaries, mainly large financial institutions.

 

Bankinter Broker has 24 years of experience in the stock brokerage business, with a robust leading position in the retail segment.

 

During 2022, and despite market volatility, the deposits of customer securities remained stable compared to 2021, amounting to 21.654 billion euros. In 2022, revenues from its equity retail activity exceeded 63 million euros, maintaining record figures since 2020.