In July 2014, Binckbank started to launch its own turbos in The Netherlands after it found that turbos were used in more than 15% of its investment transactions.

Back then, the Dutch market for turbos was already well established, with BNP Paribas, Citi, Commerzbank, ING and Goldman Sachs all vying for the attention of the investors. However, following the ban on commission, which was implemented in The Netherlands at the start of 2014, the online broker decided to change is business model as under the new rules, fees received for the distribution of third party leverage products – such as ING’s sprinters and BNP Paribas’ turbos –

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