Dutch securities broker Degiro has announced plans to launch a new zero-cost platform. The company says that Deziro.com will allow clients to buy and sell shares for free, with no fees, commissions, or hidden costs - all by using an advertising-based revenue model.

Degiro said that Deziro.com will be launched in 20 different countries worldwide within the next 12 months. Investors are encouraged to sign up to the waiting list today for early access.

Degiro director Gijs Nagel said: “This opens a radical new front in our crusade to eradicate extortionate fees for retail traders and the long standing, unnecessary and unfair institutional advantage.

“Degiro has already brought institutional-style fees to retail traders and investors, decreasing costs by 80% through intelligent technology and avoidance of needless add-ons.”

The Deziro platform will also offer all other exchange traded products like ETFs, small caps and derivatives.

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Nagel (pictured) added: “We are proud to have revolutionised trading across Europe with Degiro. But this is not enough – we want to overhaul the online trading marketplace. For certain types of trading, there can and should be a zero-cost option.

“While we’re starting with stocks, it is our firm belief that the no-fees, advertising-based model will play a major role in the future of trading. When the industry looks back in 10 years’ time, the idea of having ever paid for online trading will be preposterous – now is the time for change.”