(Article sponsored by Fortuneo) The online bank Fortuneo has changed its stock market prices for the benefit of beginners and experienced investors.
Do you have a stock market account with Fortuneo, or are you considering opening one? You are then affected by the recent change in brokerage fee rates implemented by the online bank. Since March 4, 2024, new offers have been offered to Fortuneo customers. Thanks to the Starter, Progress and Trader Pro packages, beginners or experienced investors can benefit from advantageous rates for placing their orders on the financial markets.
These new rates position Fortuneo as the most competitive bank on the market, declares Grgory Guermonprez, director of Fortuneo.
Investing in the stock market carries a risk of total or partial loss of the invested capital.
Starter, progress and professional trader: the 3 new formulas for investing in the stock market
Fortuneo has changed its brokerage fee rates. Until now, online banking customers had the choice between four different formulas: Zero Brokerage, Optimum, Active Trader and 100 Order Trader. From now on, there are three new generation plans which can be subscribed to by holders of an ordinary securities account, a PEA or a PEA-PME: the Starter, Progress and Trader Pro offers.
Thanks to the overhaul carried out, the online bank has simplified its offer while guaranteeing each investor profile to find the formula adapted to their needs. With the Starter formula, each month, the first order executed on Euronext Paris, Brussels, Amsterdam and Equiduct whose amount is less than or equal to 500 euros is free. Each additional order is then charged at 0.35% of the amount invested.
With the Progress profile, orders less than or equal to 3000 euros are charged 4.90 euros and 0.15% beyond (1). Finally, with the Trader Pro formula, the fees are 9.50 euros (1) for an order of an amount less than or equal to 10,000 euros, and 0.10% beyond this amount.
Savings are the key for many investor profiles
To estimate the impact of this price change on investors’ portfolios, MoneyVox looked at the amount of fees charged by Fortuneo for orders placed by several different profiles. With the new pricing adopted by online banking, a beginner profile carrying out two orders of 300 euros per month on Euronext now pays 1.05 euros with the Starter formula, compared to 3.90 euros with the old Optimum formula.
But these savings are not limited to beginner investors. A confirmed profile, who places 10 orders per month on Euronext as well as on the European and American equity markets for an average of 500 euros per transaction, pays 328.80 euros with Progress, compared to 403.90 euros with Optimum, a saving of almost 75 euros.
Same observation on the side of an informed profile, carrying out 30 orders per month (6 on Euronext, 16 on European shares and 8 on American shares) for an average amount of 1000 euros. With the new Progress offer, the fees charged are 905.40 euros, instead of 933 euros with the old Trader Active formula, a saving of around 28 euros.
How to take advantage of Fortuneo’s new brokerage fee rates?
Are you not yet a Fortuneo customer, or have you not yet opened a stock market account? Whatever the investor profile studied, the simulations carried out by MoneyVox allow online banking customers to make savings on placing their orders, compared to old formulas.
It may therefore be interesting to open an ordinary securities account, a PEA or a PEA-PME right now with the new Starter, Progress or Trader Pro offers. At this time, for a first opening or a first transfer of an ordinary securities account, a PEA or a PEA-PME, Fortuneo offers brokerage fees for the first 100 orders on Euronext Paris, Brussels, Amsterdam (excluding OPC, excluding SRD fees, deferral or tax on financial transactions). This offer is valid for all orders executed during the first 2 months, for an amount less than or equal to 10,000 euros (2).
And if this first opening is carried out by transferring an account with an outstanding amount of 5000 euros or more, Fortuneo reimburses the transfer costs up to 2000 euros and upon presentation of supporting documents. (3).
Current customers, for their part, can choose to keep their old offer, or opt for the new pricing.
Open a Fortuneo stock market account
(1) Within the limit of the legal maximum authorized for PEA/PEA PME
(2) Brokerage fees offered on 100 orders of an amount less than or equal to 10,000 per order for a first opening or a first transfer with Fortuneo of an ordinary securities account or a PEA or a PEA-PME counting from May 1, 2022. The exemption from brokerage fees will apply to executed orders (excluding OPC, SRD fees, deferrals and tax on financial transactions) and will be valid for a period of two months following the opening date of counts on the values listed on Euronext and Equiduct Paris, Brussels and Amsterdam. Offer valid subject to receipt of a complete opening or transfer request file, and acceptance of the opening or transfer request by Fortuneo. The account opened or transferred to Fortuneo must be kept for at least one year. Failing this, Fortuneo reserves the right to deduct the brokerage fees initially exempt from cash attached to the ordinary securities account, the PEA or the PEA-PME concerned. Offer exclusively valid in France. Fortuneo reserves the right to interrupt and/or modify the offer at any time subject to prior information on fortuneo.fr. Only one offer per person. Offer combinable with the current sponsorship offer, the scholarship transfer fee reimbursement offer and possibly any other promotional offer mentioning it.
(3) Offer valid only for a first transfer to Fortuneo of an ordinary securities account and/or a PEA and/or a PEA-PME from May 1, 2022. Reimbursement for an amount equivalent to your transfer costs within the following limits: up to 2000 for a transferred account with a minimum outstanding balance of 5000 (securities + cash), 150 maximum for a transferred account with an outstanding balance between 3000 and 5000 (securities + cash) and 100 maximum for a account transferred with an outstanding amount of less than 3000 (securities + cash). Offer valid subject to receipt of a complete transfer request file no later than 8 weeks after the transfer to Fortuneo of the ordinary securities account and/or a PEA and/or a PEA-PME (date of receipt of the complete file by post or electronic means as proof) and acceptance of the request by Fortuneo. Proof of the costs incurred by the account transfer must be received no later than 3 months following the opening of the account with Fortuneo. In the event of a simultaneous transfer of one or more ordinary securities accounts and a PEA and/or PEA-PME, the transfer fee reimbursement offer will be applied to the accounts transferred up to a limit of 2000.
Regardless of the number of accounts transferred, the Transfer fee reimbursed in cash offer of 2000 is limited to 2000 per person. You must keep the accounts transferred to Fortuneo for a minimum period of one year from the effective date of transfer to Fortuneo. Failing this, Fortuneo reserves the right to deduct the fees initially reimbursed from the cash account attached to your ordinary securities account, the PEA or PEA-PME concerned. Fortuneo reserves the right to refuse account opening and/or account transfer. Fortuneo reserves the right to interrupt the offer at any time subject to reasonable notice and prior information on fortuneo.fr. Offer combinable with the current sponsorship offer, the 100 orders free offer and possibly any other promotional offer mentioning it. Offer valid exclusively in France.