BinckBank lowers tariffs substantially and abolishes custody fee
As of October 1st 2012 BinckBank will lower the rates for all of her customers. Active traders benefit from lower transaction costs, while less active customers i.e. the buy-and-hold investors will no longer pay custody fees. BinckBank launches two fee structures: Binck Basic, which no longer calculates a custody fee and Binck Active with substantially reduced rates, among others for options, Turbos and Sprinters. Customers can decide which alternative suits them best.
Binck Active also includes a number of innovations that are of great value to active traders, like Binck360. This is a new ultra-modern trading platform which is developed together with active traders. Besides a professional platform traders get access a portfolio-based margin system. This particularly interesting to derivative traders as they need less margin.
Nick Bortot, board member:
"With our highly attractive low rates and our new state of the art trading platform Binck360 we want to offer active traders the best in the market. The abolition of the custody fee for buy-and-hold investors will be supported widely. As the Dutch leading online broker we want to offer all traders and investors the best continuously."
By launching "Binck360" Binck introduces a state of the art platform for active traders. Binck360 offers:
- Extremely quick trading possibilities in a customizable dealing room;
- Fully web-based environment. No software plug inns have to be downloaded on the investors computer;
- Thanks to the portfolio-based margin system derivative traders need to hold less margin;
- One-click trading;
- Drag and drop: very simple dragging and linking of preferred funds;
- Best execution for both equities and derivatives;
- Access to the Binck Squawk Box.
Please look the attachement for a total overview of the new tariff structure.
About BinckBank N.V.
BinckBank is an online bank for investors, ranked in the top five in Europe. As an online broker, it offers its clients fast, low-cost access to all the important financial markets around the world. As an online bank for investors, BinckBank helps its clients look after their capital with BinckBank's online asset management services and online savings. BinckBank offers its professional clients fast, low-cost order execution and administrative processing of securities and cash transactions, in the form of insourcing (client BPO) or licensing of the appropriate software.
BinckBank is an independent online bank for investors, which is listed on Euronext Amsterdam. We have offices in the Netherlands, Belgium, France and Spain. BinckBank has about 600 FTEs at end of 2011. Our operations are split into two business units: Retail and Professional Services. BinckBank was formed in 2000 and has now more 630,000 account holders.
Public Relations:
Harmen van der Schoor
t: +31 (0)20 522 03 78
e: hvdschoor@binck.nl
Investor Relations:
Anneke Hoijtink
t: +31 (0)20 522 03 72
e: ahoijtink@binck.nl
BinckBank N.V.
Barbara Strozzilaan 310
1083 HN Amsterdam
