Mintos, the Latvian peer-to-peer lending platform, rolled out commission-free trading on over 1,000 ETFs on Tuesday, targeting its 500,000-strong European user base with a €1 minimum investment threshold. The platform eliminates transaction fees, custody charges, and subscription costs that typically make small recurring investments expensive for retail clients. ETFs are sourced from major providers including iShares, VanEck, and Vanguard through Berlin-based infrastructure partner Upvest, which also supplies trading rails to CMC Markets and Revolut.
Mintos, holding licenses from Latvia’s financial regulator, is expanding from its original peer-to-peer loan business into a multi-asset platform competing directly with neobrokers like Scalable Capital, which charges €2.99 monthly for premium ETF investment plans. The zero-fee structure undercuts established competitors and positions Mintos to capture cost-conscious retail investors across Europe who previously faced prohibitive execution costs on small orders.
FXnCO Insight
Retail brokers should reassess ETF pricing models immediately as Mintos’s zero-fee structure pressures margins across the European neobroker space.
Source: Finance Magnates