Democrata

Openbank as a viable European broker?

Operating in community / reddit / buyfromeu based in Europe, Democrata operates.

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Already posted this on u/EUpersonalfinance, but I am curious about the opinions on this sub.

Openbank has lowered its transaction costs and will eliminate custody fees.

[https://www.democrata.es/en/economy/openbank-reduces-the-commissions-of-its-broker-to-one-euro-per-operation/](https://www.democrata.es/en/economy/openbank-reduces-the-commissions-of-its-broker-to-one-euro-per-operation/)

It reads as follows:

Openbank has announced a reduction in the commissions of its broker service, which will now be one euro for each buy and sell operation of stocks and ETFs, both on Spanish exchanges and in the main international markets, according to the entity's communication this Thursday.

This new fixed commission applies regardless of the amount invested in each operation. At the same time, the bank has eliminated the custody fee. "With this initiative, the bank improves its investment off

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Europe is where the company is located.

Website: democrata.es