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Broker Accounts in Germany.

Which online broker in Germany can best meet your trading needs? From complex fee structures to different financial instruments and regulatory constraints, this guide addresses the major issues that matter to you. Choose a broker in Germany that offers minimal trading fees, a wide range of investment possibilities, and strict adherence to German financial regulations.

⇒ At a glance…

Germany’s online trading landscape includes a variety of brokers, ranging from trading platforms to direct and traditional banks, all with unique cost structures and services geared to individual demands.
You can trade a wide range of financial items, including stocks, ETFs, and cryptocurrencies, subject to some limits.
Profits from asset or investment sales in Germany are subject to a 25% withholding tax.
Scalable Capital – The best online broker and trading platform in Germany. Perfect for busy traders. Exceptionally low fees. Up to €2500 switching bonus. Accounts can be opened easily and quickly. Everything is in English.
Trade Republic – It is best for novices. Easy-to-use app. Exceptionally low fees. 4% interest on balances up to €50,000. Everything is in English.
Flatex – Ideal for experienced traders. Low fees. Everything is in German.
ING Direct Depot – The best online broker from a direct bank. Everything is in German.
Commerzbank DirektDepot – The best online broker in a branch bank. Customer service and a banking app in English.

eToro Broker

Annual fee
€0

Order costs
0.7%

Large selection of tradable products
CopyTrader – Copy top investors
User-friendly and good customer service
Free demo account
74 tradable cryptocurrencies

Credit interest
5.3%

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ING Direct Depot

Annual fee
€0

Order costs
€4.90 + 0.25%

Trade stocks, ETFs, funds, derivatives, bonds, crypto
13 trading venues in Germany (Tradegate, Xetra, Frankfurt, etc) & other in the USA, Canada
Over 2000 free ETF savings plans
Automatic reinvestment of dividends
Easy integration with other bank products (checking accounts, credit cards)

Credit interest
0%

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Scalable Free Broker

Annual fee
€0

Order costs
€0.99

Trade stocks, ETFs, funds, derivatives.
2 trading venues (Gettex, Xetra)
Very low fees
Over 2000 free ETF savings plans
Up to €2500 switching bonus
Easy and quick account opening
Everything in English

Credit interest
0%
3% EURIBOR on credit

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Commerzbank
DirektDepot

Deposit costs
1.75%

Order costs
€4.90 + 0.25%

Trade stocks, ETFs, funds, derivatives, bonds, and cryptocurrency.
12 trading venues in Germany (Tradegate, Xetra, Frankfurt, etc) .
others in Europe, the United States, Australia, and Asia
Automatic reinvestment of dividends.
Easy connectivity with other bank products (credit cards, checking accounts).

Credit interest
0%

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Types of Online Brokers in Germany.

Trading platforms

Trading platforms, as specialist brokers, focus on handling trading accounts and often offer lower fees than standard banks. For example, eToro offers commission-free stock and ETF trading in Germany, but there are additional fees for currency conversion.

Interactive Brokers, on the other hand, levies a fee of $0.0035 per US stock with a minimum of $0.35 per transaction. However, the large range of available financial instruments makes up for the expenditures.

Direct Banks

Direct banks provide a combination of traditional banking services and investment options, with the majority of operations taking place online. For example, Comdirect, a subsidiary of Commerzbank, offers a variety of investment choices, including:

Cash savings schemes.
Government-guaranteed bank deposits.
Guaranteed pensions.
Digital connection to national and international stock exchanges for trading.

Financial products you can trade with an online broker in Germany.

Germany provides a diverse range of financial instruments for trade, reflecting the country's terrain. You can trade stocks, ETFs, cryptocurrency, and other assets.

Stock trading.

Stocks are firm ownership shares that can be traded on various stock exchanges. Commonly traded stocks on the German market include: DTG, BMW, PSM and ADS.

ETF trading

ETFs, or exchange-traded funds, are collections of assets that track an index and can be traded like individual equities. The most popular ETFs in Germany are the Deka DAXplus Maximum Dividend UCITS ETF and the Amundi DivDAX UCITS ETF series.

Crypto trading

Crypto trading is purchasing and selling cryptocurrencies such as Bitcoin and Ethereum. The main cryptocurrencies traded in Germany are Bitcoin, Ethereum, Bitcoin Cash, and Ripple.

Best online brokers in Germany

The best online brokers are Scalable Capital, Trade Republic, flatex, ING Direct Depot, and Commerzbank DirektDepot.

Flatex

Flatex, one of Germany's leading online brokers, provides a simple account opening process and has been immune from securities account fees since 2023. Its trading portfolio is extremely wide, including over a million funds, stocks, ETFs, certificates, and other assets. However, some customers may find the pricing for orders opaque, and charges might vary depending on the exchange platform used. It's worth mentioning that flatex does not yet enable cryptocurrency investments and is only available in German.

Scalable Capital

Scalable Capital is an excellent trading platform and robo-advisor that was established in Munich in 2014. It has swiftly gained popularity among traders due to its inexpensive costs, user-friendly design, and diverse investment opportunities. Its customer service is provided in English. Furthermore, Scalable Capital does not charge account management, withdrawal, or inactivity fees, making it an affordable option for traders. It also employs innovative technology to provide a fully automated portfolio management solution, making investing simple even for people with less experience. The German Federal Financial Supervisory Authority (BaFin) regulates it, which adds to its dependability and reliability.