Avanza

Avanza Bank Holding AB is the largest stockbroker and brokerage firm in Sweden and on the Stockholm Stock Exchange, with over a million customers.[2]

Avanza
TypePublic
Nasdaq Stockholm: AZA
IndustryFinancial services
Founded1999 (1999)
FounderSven Hagströmer
HeadquartersStockholm, Sweden[1]
Key people
ServicesStockbroker
Websiteavanza.se

History

Avanza was founded in 1999 as HQ.se.

In 2001, HQ.se acquired Avanza changed its name to Avanza, which became the largest stockbroker in Sweden, with 80,000 active customers.[3]

In 2006, Avanza acquired Börsveckan AB and launched Placera Nu, an online magazine.[2][4]

In 2018, the company launched the cheapest global fund in the world, with an annual management fee of 0.05%.[5]

In 2019, Avanza won the Swedish Quality Index’s award for the most satisfied savings customers in Sweden for the tenth consecutive year.[6]

References
  1. "Avanza Bank AB - Företagsinformation".
  2. "History". Avanza. Archived from the original on 2019-09-26. Retrieved 2019-03-13.
  3. "Avanza and HQ.SE Aktiespar form the largest Internet broker" (Press release). Cision. June 8, 2001.
  4. "Avanza: Superbolånet utökas med 1 miljard kronor - Analysguiden". Aktiespararna (in Swedish). 21 April 2015. Retrieved 29 March 2021.
  5. "Avanza launches the world's cheapest global fund" (Press release). Cision. August 24, 2018.
  6. "Avanza Bank Wins Banking Technology Award for Best Use of IT". GlobalFinTechSeries. 2019-12-19. Retrieved 2020-06-29.
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