The french version of ISA is called PEA, and there are currently 2 types of players offering them:
- Banks: Their products are expensive, poor service is inexistent and there is a lot of paperwork involved
- Neo-banks (like Boursorama): cheaper (but pricing is still complex with things monthly inactivity fees) and high minimums to really get access to good trading tools.
- Degiro still hasn’t launched their PEA product and it has been years in the making…
–> There is a big opportunity by launching a cheap/transparently priced. It would allow you to capture high value clients (maximum amount on a PEA is 150K€) and become super relevant in the french market.
Do you plan on offering for the launch (I guess not)? If not, what would be a more realistic timeframe?