Mijnbroker is yours

Bad news from Beursplein 5. One of the three firms on the central trading floor has to shut the doors. Mijnbroker.nl is history as of January 1st. The online retail broker offered investors very competitive transaction fees, especially in options.

Alas, the firm never managed to achieve critical mass. Investors didn’t switch their portfolios for a few dollars more. Everybody stayed at their IB/Lynx/Todays or Binck/Alex account.

A pity for the employees of Mijnbroker, and a lot of administrative hassle for the remaining clients.

Press release in Dutch here.