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.

Vores historie

I 2013, lancerede DEGIRO sine online mæglertjenester i Holland. Siden da har DEGIRO udvidet sig til over 18 europæiske lande, så detailinvestorer kan drage fordel af en meget konkurrencedygtig kommissionsstruktur. Som et resultat er DEGIRO hurtigt blevet en af ​​de største mæglere i Europa.

Start med at investere

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.


Det næste kapitel

I 2020 gik vi sammen med flatex AG og blev en af ​​de største mæglere i Europa. Vi blev også inkluderet i SDAX, hvilket gjorde flatexDEGIRO til et af de 160 største børsnoterede selskaber i Tyskland. Samlet betjener vi nu mere end 1.000.000 investorer.


En ny handelsplatform

I 2019 lancerede DEGIRO sin nye handelsplatform baseret på feedback fra kunder og den skiftende teknologi. Takket være disse kunder har DEGIRO igen vundet flere internationale priser i år. Derudover drager flere end 450,000 kunder nu nytte af DEGIROs tjenester.


Flere end 350,000 kunder og 40 priser

I 2018 overgik DEGIRO 350.000 kunder. Takket være kunderne har DEGIRO vundet over 40 mæglerpriser internationalt, inklusive Best Broker og Best Mobile App Award, givet af Financial Times & Investors Chronicle.


Flere end 200,000 kunder

I 2017 fik vi mere end 200,000 kunder og blev en af de fem største børsmæglere i Europa målt på antal transaktioner pr. år. DEGIRO fortsatte med at vinde priser inklusiv "Best Broker" i Tyskland af Handelsblatt Broker Comparison.


Største børsmægler i Holland

I 2016 blev DEGIRO den største onlinebørsmægler I Holland, målt på antal behandlet transaktioner, og bød Schweiz velkommen i DEGIRO familien som det 18. land til at drage nytte af lave handelsomkostninger.


DEGIRO indtræder i Nord Europa & Italien

2015 bød på fortsat ekspansion til Nord Europa og Italien. Ligeledes vindes flere internationale priser, heriblandt den anerkendte hollandske pris "Golden Bull Award".

Sweden Denmark Italy Norway Finland United%20Kingdom Ireland

Ekspansion til 9 lande

I 2014 begyndte DEGIRO sin ekspandering og tilbød sin service i 9 europæiske lande. DEGIRO udbyggede sin position i Holland ved at vinde prisen 'Best Broker'.

France Czech Austria Germany Spain Poland Hungary Greece Portugal

Lancering af DEGIRO

I 2013 introducerede DEGIRO hollandske privatinvestorer til muligheden for at investere til institutionelle priser. Det gjorde global investering muligt og overkommeligt.


Vores rejse er kun lige begyndt

Vil du vide mere om, hvor vi skal hen? Find ud af mere om, hvem vi er, og hvad vi tror på.

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Investering indebærer risici. Du kan miste (en del af) dine investerede midler. Vi anbefaler, at du kun investerer i finansielle produkter, der passer til din viden og erfaring. Dette er ikke investeringsrådgivning.

Vi ønsker at give folk mulighed for at blive de bedste investorer, de kan blive. Ved at tilbyde et univers af muligheder og valg på vores brugervenlige platform fjerner vi barrierer for at gøre investering tilgængelig for alle: Begyndere eller eksperter. Du får adgang til en bred vifte af produkter på mere end 50 globale børser, så du har friheden til at investere, som du vil. I vores verden får du også meget for pengene. Vi tilbyder vi utroligt lave gebyrer uden at gå på kompromis med kvaliteten, sikkerheden og rækkevidden af vores investeringstjenester. Prioritering af dine behov har hjulpet os med at blive den førende europæiske online-mægler. Vores 2,5+ millioner kunder og 90+ internationale priser er et bevis på vores succes.


Terms and conditions for the 750 DKK transaction fees offer

If you activate your DEGIRO investment account before the 1st of July 2023, DEGIRO will reimburse your transaction fees up to 750 DKK. The following conditions apply to this offer:

  • The offer is valid until the 30th of June 2023.
  • During the offer period, new clients who have activated an account will receive up to 750 DKK in transaction fees reimbursed.
  • The first transaction costs and external handling fees up to 750 DKK within the timeframe until the 31st of July 2023 will be reimbursed.
  • Currency handling fees (Auto FX trader and manual trade) are not eligible to be refunded with this promotion
  • We will reimburse the transaction costs and external handling fees you have spent (up to a maximum of 750 DKK) to your DEGIRO account in early August.
  • This offer is only valid for new clients with a Danish DEGIRO account.
  • To be eligible for this offer, the new client needs to make a first deposit to validate the account (minimum deposit is 1 DKK) and activate their DEGIRO account.
  • New clients who started their registration before the offer period, but activate their DEGIRO account during the offer period, are also eligible for this offer.
  • If an existing account is already linked to the address of the new client, participation is excluded.
  • Each new client can only claim the 750 DKK transaction credit once.

Acceptance of offer conditions

By participating in the offer, the client automatically accepts the offer conditions and terms. DEGIRO may terminate the campaign prematurely or change the campaign conditions. DEGIRO will communicate any changes via the website.


Participation in the offer is open to all clients who have activated an account at DEGIRO on or before the 30th of June 2023.