DEGIRO was founded in Amsterdam on June 3rd, 2009. On 7 May 2021, DeGiro B.V. merged with its sister company, flatexDEGIRO Bank AG. Learn about the legal structure and regulators of DEGIRO and meet our Branch Management, the flatexDEGIRO Bank AG Board of Directors and the flatexDEGIRO Bank AG Supervisory Board members at the same time.

Supervision of DEGIRO

DEGIRO was founded as DeGiro B.V., a Dutch private limited company (besloten vennootschap, in Dutch). DeGiro B.V. merged with its sister company, flatexDEGIRO Bank AG, on 7 May 2021. After the merger, DEGIRO’s business is continued by flatexDEGIRO Bank AG through its Dutch branch – flatexDEGIRO Bank Dutch Branch.

Please find more information here

Internal supervision

To ensure comprehensive oversight of DEGIRO’s operations, we have implemented a governance structure consisting of three tiers.

First and foremost, flatexDEGIRO Bank Dutch Branch has its own Branch Management. The Branch Management consists of five Branch Managers and is responsible for the day-to-day operations of DEGIRO. Within the Branch Management team there is a clear division of responsibilities, with each of the Branch Managers having their own focus points.

DEGIRO’s Branch Management reports to the Board of Directors of our German headquarters, flatexDEGIRO Bank AG. The bank’s Board of Directors is responsible for the day-to-day management and long-term strategy setting of the company as a whole. When it comes to setting the strategy of DEGIRO, the bank’s Board of Directors works in close cooperation with the Branch Management.

Finally, the bank’s Board of Directors is overseen by the bank’s Supervisory Board. The Supervisory Board is responsible for supervising and advising the Board of Directors.

We believe that this governance structure is the most suitable setup to assure correct checks and balances within the DEGIRO and the rest of the company.

External supervision

The flatexDEGIRO Bank Dutch Branch, which operates under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. flatexDEGIRO Bank AG is primarily supervised by the German Federal Financial Supervisory Authority (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is subject to integrity supervision by DNB and the supervision by AFM.

Bundesanstalt für Finanzdienstleistungsaufsicht
Graurheindorfer Str. 108
53117 Bonn

Autoriteit Financiële Markten
Postbus 11723
1001 GS Amsterdam

Branch Management

Muhamad Said Chahrour

Muhamad Said

Deputy CEO | COO flatexDEGIRO AG

Before joining flatexDEGIRO in 2015, Muhamad Said Chahrour was CFO at Lamudi, one of Rocket Internet SE’s core ventures, and primarily responsible for the financial funding and investor relations of the global entities with more than 500 employees.

He previously worked in M&A and Transaction Services at UBS and PwC where he managed multiple transactions with a total deal volume of more than €2 billion.

Stefan Armbruster


Branch Manager

Within the Branch Management, Stefan is responsible for operations and brokerage.

Before joining DEGIRO, Stefan was Managing Director and Co-Head B2C at flatexDEGIRO Bank AG, focusing on commercial development of product partnerships, product offerings and the client service desk.

Prior to joining the flatexDEGIRO group, Stefan was – among other positions – a Board Member of Bank Vontobel Europe AG, Global Co-Head Retail Structured Products at Deutsche Bank AG and Director Structured Products at ABN AMRO Bank AG.

Stephan Simmang


Branch Manager

Stephan is the Head of IT for DEGIRO and serves as the flatexDEGIRO Group-CTO.

Stephan worked at Goldman Sachs for nearly 20 years (lastly as Executive Director Banking Divisional Systems), before joining the flatexDEGIRO group in 2016.

Frans Kuijlaars


Branch Manager

As Branch Manager, Frans focusses on Customer Service.

Frans joined the flatexDEGIRO group as Country Manager for the Netherlands at flatexDEGIRO Bank AG. During the course of his career, Frans gained significant experience as a banker, specializing in structured product solutions and retail banking. He has held various positions at, among others, ABN AMRO, RBS and BNP Paribas.

flatexDEGIRO Bank Board of Directors

Frank Niehage

CEO of flatexDEGIRO Bank AG

In addition to being CEO of flatexDEGIRO Bank AG, Frank is also the flatexDEGIRO Group CEO.

Frank Niehage has vast experience across all segments of retail and commercial banking, working as Managing Director at Goldman Sachs until August 2014 when he joined flatexDEGIRO. In previous positions, he was instrumental in the growth of Bank Sarasin AG as CEO in Germany.

Prior to this Frank had served in various senior positions at Commerzbank, Credit Suisse, UBS and international law firm Beiten Burkhardt, both in Germany and internationally, especially in Asia.

Frank is an attorney at law in Germany and has received his Master of Laws majoring in international economics from the University of Houston Law Center.

Dr. Matthias Heinrich

CRO of flatexDEGIRO Bank AG

Dr. Matthias Heinrich joins flatexDEGIRO Bank AG with approx. 30 years of operational experience in the European banking sector, including 10 years as member of the Management Board of Raiffeisen-Landesbank Steiermark AG, Graz (Austria) and as Managing Director of EIS Einlagensicherungsbank GmbH, Berlin (Germany). Prior to this, Matthias held various risk related management positions in the financial industry, including at Banco Santander, Madrid (Spain), HypoVereinsbank, Munich (Germany) and Dresdner Bank Lateinamerika, Hamburg (Germany).

Steffen A. Jentsch

CIO of flatexDEGIRO Bank AG

Steffen has extensive experience in financial services, consulting and IT.

Previous positions include serving as a Member of the Board of Directors for Fiducia & GAD IT, before joining the flatexDEGIRO Group in 2017.

Benon Z. Janos

CFO of flatexDEGIRO Bank AG

Benon joined the flatexDEGIRO Group in 2016 and currently serves as the CFO of flatexDEGIRO Bank AG.

Among other positions, Benon has previously served as a Supervisory Board Member for fixed income-focused investment boutique nord IX and as Managing Director within the Securities Division of Goldman Sachs.

Benon holds a Ph.D. in Materials Science and Engineering from the Massachusetts Institute of Technology.

Muhamad Said Chahrour


Please see above.

flatexDEGIRO Bank Supervisory Board

Martin Korbmacher

Chairman of the Bank Supervisory Board

After finishing his studies of mathematics, physics and computer science Martin Korbmacher started his career 1991 at JP Morgan where he served as Head of Trading before joining Dresdner Kleinwort in 1997 as Global Head of Fixed Income Trading, where he took responsibility as Global Head of Equites in 2000.

In 2005 Martin took over as Head of the Investment Banking Division at Credit Suisse for Germany and Austria and played a key role in the successful growth of the business activities.

In 2011, he founded Event Horizon Capital & Advisory and has been advising multiple companies in the area of corporate finance and innovation. Since 2014 Martin Korbmacher is the chairman of the supervisory board of flatexDEGIRO AG and since 2017 also of flatexDEGIRO Bank AG.

Hans Peter Peters

Deputy Chairman of the Bank Supervisory Board

Hans Peter Peters joined the Supervisory Board in 2018 and began his career at Citibank where he spent 13 years at their offices in New York, Toronto, Paris, Stuttgart and Santiago de Chile.

Later, he was appointed as Member of the Executive Board at WestLB and Chief Executive Officer of WestLB (Europe) AG in Dusseldorf. Following appointments as Chief Financial Officer of VIAG AG and Chief Executive Officer of Morgan Stanley Bank AG, Hans Peter founded Peters Associates AG in 1999.

Stefan Müller

Member of the Bank Supervisory Board

Stefan Müller started his banking career in 1985 with Bayerische Hypo- und Vereinsbank (today: HVB, subsidiary of UniCredit) and went through different roles, including the securities and private banking business. In 2002, he joined the former flatex Holding AG and became member of the board until 2014.

Today, he is the general representative of Börsenmedien AG, one of the leading financial media companies in Germany. Stefan is vice chairman of the supervisory board of flatexDEGIRO AG and member of the supervisory board of the flatexDEGIRO Bank AG.

Aygül Özkan

Member of the Bank Supervisory Board

Aygül Özkan is Managing Director of the German Property Federation (ZIA) and represents the leading association of the real estate industry in a wide range of political and business-oriented bodies.

From 2014 to 2020 she was Managing Director and member of the Management Group Germany at Deutsche Bank PCC Services GmbH and Deutsche Bank Kredit Service GmbH. Previously, Aygül Özkan was Minister for Social Affairs, Women, Family, Health, Construction and Integration in Lower Saxony (2010-2013) and in 2014 a member of the Lower Saxony state parliament.

Since 2022 Aygül Özkan is a member of the supervisory board of flatexDEGIRO Bank AG.

Our History

In 2013, DEGIRO launched its online brokerage services in the Netherlands. Since then, DEGIRO has expanded across 18 European countries enabling retail investors to benefit from a highly competitive comission structure. As a result, DEGIRO has quickly become one of the largest brokers in Europe.

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Continued growth

2021 has been an exciting year. Alongside unprecedented growth in our client base, we made significant enhancements to our platform and offerings. We added an extensive amount of financial data, such as ESG ratings and analyst views, began rolling out flatexDEGIRO Cash Accounts, a new solution of holding uninvested money, and increased our list of commission-free ETFs. Not to forget, the merger with flatex has been completed and we implemented trading on Tradegate Exchange.


The next chapter

In 2020, we joined forces with flatex AG, becoming one of the biggest brokers in Europe. We also were included in the SDAX, making flatexDEGIRO one of the 160 largest listed companies in Germany. Collectively, we now serve more than 1,000,000 investors.


A new trading platform

In 2019 DEGIRO launched its new trading platform based on client feedback and the changing technology. Thanks to these clients, DEGIRO has won multiple international awards again this year. On top of that, more than 1 milion clients now benefit from DEGIRO's services.


More than 350,000 clients and 40 awards

In 2018, DEGIRO surpassed 350,000 clients. Thanks to these clients, DEGIRO has won over 40 broker awards internationally, including the Best Broker and Best Mobile App Award, given by the Financial Times & Investors Chronicle.


More than 200,000 clients

In 2017, DEGIRO surpassed 200,000 clients and became one of the five largest brokers in Europe based on transactions per year. DEGIRO continued to win numerous awards including Best Broker in Germany from the Handelsblatt Broker Comparison.


Largest broker in the Netherlands

In 2016, DEGIRO became the largest online broker in the Netherlands in terms of transactions per year handled. Additionally, Switzerland was welcomed into the DEGIRO family making it the 18th country to benefit from low transaction fee trading.


DEGIRO enters North Europe & Italy

2015 brought the continued expansion across Northern Europe and Italy, winning many international awards along the way, including the prestigious “Golden Bull Award” in the Netherlands.

Sweden Denmark Italy Norway Finland United%20Kingdom Ireland

Expansion to 9 countries

In 2014, DEGIRO began their expansion, offering services within 9 European countries. DEGIRO also strengthened their Dutch market by winning the ‘Best Broker’ award.

France Czech Austria Germany Spain Poland Hungary Greece Portugal

Launch of DEGIRO

In 2013, DEGIRO introduced Dutch retail clients to the possibility of investing with institutional fees. Making global trading accessible and affordable.


Our journey has only just begun

Want to know more about where we are going? Find out more about who we are, and what we believe in.

Read more read more

Sijoittamiseen liittyy riskejä. Voit menettää sijoittamasi varat kokonaan. Suosittelemme sijoittamaan vain sellaisiin rahoitustuotteisiin, jotka sopivat tietotasollesi ja kokemuksellesi. Tämä ei ole sijoitusneuvontaa.

Haluamme kaikkien kehittyvän niin hyviksi sijoittajiksi kuin mahdollista. Poistamme sijoittamisen saavutettavuuden esteitä kaikilta aloittelijoista asiantuntijoihin tarjoamalla laajan valikoiman mahdollisuuksia ja valintoja helppokäyttöisellä ohjelmistoalustallamme. Saatavana on paljon erilaisia tuotteita yli 50 pörssistä ympäri maailman ja mahdollisuus sijoittaa juuri itse haluamallasi tavalla. Meidän maailmassamme saat rahoillesi paljon vastinetta. Tarjoamme uskomattoman alhaiset palvelumaksut kuitenkaan tinkimättä pätkääkään sijoituspalvelujemme laadusta, turvallisuudesta tai monipuolisuudesta. Tarpeittesi asettaminen etusijalle on auttanut meitä kehittymään Euroopan johtavaksi verkkomeklariksi. Osoituksena menestyksestämme on 2,5+ miljoonaa asiakasta ja 90+ kansainvälistä palkintoa.


100 euron transaktiomaksutarjouksen ehdot ja edellytykset

Jos aktivoit DEGIRO-sijoitustilisi ennen 1. heinäkuuta 2023st , DEGIRO korvaa sinulle transaktiomaksut 100 euroon asti. Tarjoukseen sovelletaan seuraavia ehtoja:

  • Tarjous on voimassa 30. kesäkuuta 2023 asti.
  • Tarjouskauden aikana uudet asiakkaat, jotka ovat aktivoineet tilin, saavat jopa 100 euron suuruiset transaktiomaksut takaisin.
  • Ensimmäiset transaktiokustannukset ja ulkoiset käsittelykulut korvataan 100 euroon asti 31. heinäkuuta 2023 asti.
  • Valuuttakäsittelymaksut (Auto FX trader ja manuaalinen kauppa) eivät ole oikeutettuja palautukseen tämän kampanjan yhteydessä.
  • Korvaamme käyttämäsi transaktiokulut ja ulkoiset käsittelykulut (enintään 100 euroa) DEGIRO-tilillesi elokuun alussa.
  • Tämä tarjous on voimassa vain uusille asiakkaille, joilla on suomalainen DEGIRO-tili.
  • Saadakseen tämän tarjouksen uuden asiakkaan on tehtävä ensimmäinen talletus tilin vahvistamiseksi (vähimmäistalletus on 0,01 €) ja aktivoitava DEGIRO-tilinsä.
  • Uudet asiakkaat, jotka ovat aloittaneet rekisteröitymisen ennen tarjousaikaa, mutta aktivoivat DEGIRO-tilinsä tarjousaikana, ovat myös oikeutettuja tähän tarjoukseen.
  • Jos uuden asiakkaan osoitteeseen on jo liitetty olemassa oleva tili, osallistuminen ei ole mahdollista.
  • Kukin uusi asiakas voi saada 100 euron tapahtumahyvityksen vain kerran.

Tarjousehtojen hyväksyminen

Osallistumalla tarjoukseen asiakas hyväksyy automaattisesti tarjouksen ehdot. DEGIRO voi lopettaa kampanjan ennenaikaisesti tai muuttaa kampanjan ehtoja. DEGIRO ilmoittaa kaikista muutoksista verkkosivustolla.


Tarjoukseen voivat osallistua kaikki asiakkaat, jotka ovat aktivoineet tilin DEGIROssa viimeistään 30. kesäkuuta 2023.